by Tom McClellan | May 11, 2022 | How I See It
The U.S. Dollar Index is climbing up to its highest level since 2002, which is getting a lot of currency traders excited. U.S. manufacturers are a lot less excited. A more valuable dollar makes it harder to sell products overseas. FIGURE 1: LONG-TERM...
by Tom McClellan | Mar 2, 2022 | How I See It
In the latest survey from Investors Intelligence, bulls have fallen to 32.2%, and bears are at 31.0%. That is the lowest bull-bear spread since the COVID crash in March 2020. This is pretty significant because the average bull-bear spread since 2006 is...
by Tom McClellan | Jan 26, 2022 | How I See It
I used to believe as others do that the “proper” advance-decline (A-D) data come from the “common” stocks. After all, they are the real stocks, so they should know better what the stock market is doing. I stopped believing that once I looked at the...
by Tom McClellan | Dec 8, 2021 | How I See It
The chart in Figure 1 is one of many that show the oversold situation that has recently appeared. The 10% trend of the daily A-D (advances-declines) difference dipped to -579 on Dec. 1, which is officially “pretty darned oversold.” FIGURE 1: NYSE...
by Tom McClellan | Aug 11, 2021 | How I See It
Low taxes are a big stimulus to economic activity. Everyone knows that. Curiously, not everyone understands that high taxes are a giant restriction on the economy. The following chart offers some evidence of that. Several decades of history show us that...
