by John E. Charalambakis | May 17, 2018 | Commentaries, Uncategorized
In late 1999/early 2000, the excitement of the internet and the dot-com exuberance attracted capital away from investments that require a medium to long-term perspective. The result was that supplies dropped while demand was rising. Welcome to the revenge of...
by John E. Charalambakis | May 10, 2018 | Commentaries, Uncategorized
The dollar has been getting stronger at a time when the Chinese have started to price oil in renminbi. In simple statecraft language, such action by the Chinese could just be perceived as unacceptable at a time when the US trade deficit with China stands at such high...
by John E. Charalambakis | May 2, 2018 | Commentaries, Uncategorized
We live by appearances and as we pretend that all things are getting better and that debts do not matter we are becoming villains perpetuating a culture of Pyrrhonism[1] where isostheneia (a situation of equal strength) implants and imputes in us a mentality of...
by John E. Charalambakis | Apr 19, 2018 | Commentaries, Uncategorized
This year’s market gyrations should be viewed under the microscope of leverage. When we do that as the first figure shows below, then we can possibly start comprehending that in an environment of rising volatility, political instability, and geopolitical tensions,...
by John E. Charalambakis | Apr 5, 2018 | Commentaries, Uncategorized
In this week’s commentary, we would like to discuss our perspective for the short-term based on some changes we have been observing in the market. However, before we show this – mainly through some graphs – allow us to clarify the cross-determination part of the...
by John E. Charalambakis | Mar 21, 2018 | Commentaries, Uncategorized
During times of accommodative monetary policies when rates drop and earnings prospects shine, growth stocks usually outperform value stocks. In a basic valuation model of discounting future earnings (especially for growth-oriented companies), value-oriented stocks...