momentum

James Mackintosh

While you consider the sell-off in Japan, here are a few charts, as of Thursday night prices:

Total returns (including dividends) on various asset classes for the year to date, in local currencies: Read more

James Mackintosh

If you go down to the woods today, you won’t need a disguise: the bears are all at their annual picnic (OK, conference) in west London, led by uber-bear Albert Edwards of Société Générale.

He’s picked a good day to warn of looming disaster: yet another indicator suggests investor complacency is approaching danger levels thanks to the new year rally.

Short-term momentum indicators were flashing red in Europe last week, and even after falling back slightly remain very high. Read more