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The Weekly Snapshot

Top News Headlines

  1. Whipsaw market in full effect. Stocks stage a bounce-back, at least temporarily. The VIX Index is still at 26.
  2. Crude oil up over 10% for the week; biggest weekly gain in 6 years.
  3. Sanders, Trump ride anti-establishment wave.
  4. Fed rate cut to be delayed?
  5. Alaska’s Mount McKinley to be renamed Denali.

Random Thought Of The Week

Is China jumping the gun, giving the US economy a rate hike before the Fed even gets in the game? Even in the face of widespread concern about global growth Treasuries spent most of last week in search of a bid. We know China and the other emerging markets are selling Treasuries to try and defend their currencies. Hell, that was the plan, the entire reason for accumulating all those reserves. I do wonder if anyone thought that plan through. A slowing US economy isn’t going to make emerging markets perform any better.

Chart Of The Week

After falling below the $40 level for the first time since 2009, crude oil bounced right back up to $45 in what was its biggest weekly gain in 6 years.  The Crude oil market has fallen off a cliff since Saudi Arabia decided not to cut production, from a high of $108 in 2014 to a low of $38 in last week’s trading action. The question is…have we finally seen the bottom in oil prices, or will the unrelenting supply from the US producers and decreased demand from China put a damper on future prices?

Broad Market Top 10 – 3 Month Returns

BROAD MARKET ETFS

MOMENTUM ASSET ALLOCATION MODEL

SPDR Sector Returns – 3 Month Returns

spdr sector returns

SPDR SECTOR ROTATION MODEL

Country Returns Top 10 – 3 Month Returns

COUNTRY RETURNS

Commodity Returns Top 10 – 3 Month Returns

commodity returns

Bond Returns Top 10 – 3 Month Returns

bond returns

Stock Valuation Update