Smart Money Index

October 28, 2022 By John Del Vecchio and Brad Lamensdorf China is imploding. The country’s High Yield Bond index is in freefall. This is a harbinger of bad news to come. The index has hit fresh lows on the chart below. This comes at a time when the government is becoming less transparent in its…

Delinquent auto loas are climbing auto loans that are more than 90 days delinquent is climbing.  See the chart below.   Among the reasons: More loans to less credit-worthy consumers.  This often occurs in mature stages of economic booms as a way for the automobile industry to bolster sales. See More Chart of the Week Posts:

By John Del Vecchio Of all Aesop’s Fables, the race between a slow tortoise and a fast hare might be the most classic. The hare was so sure he’d win that he took a nap part way through the race. Meanwhile, the tortoise just plodded along. In the end, the tortoise wins the race. It’s…

We use numerous indicators to guide us on the strength and weakness of the stock market in terms of when to buy, sold and hold.  One of the important short-term indicators we follow is the 14-day S&P 500 Relative Strength index (RSI) which shows us the percentage of stocks that are overbought or oversold in the…

Jason Goepfest of Sentimentrader came out with this outstanding study last week and  I wanted to share it with you. While the market continues higher the participation has become narrow and traditionally a charctoristic of a top in the  stock market.

By Brad Lamensdorf and John Del Vecchio It’s Déjà vu all over again! Levered loans are back! Ever since the global financial meltdown, levered loans have been on the rise. Loan issuance is now near the highs of the last peak. Before the market imploded. This is a serious warning sign not to be ignored….