Category Archives: Market Statistics

The Small Cap Bubble

The Russell 2000 index reached new highs but price action is confined in a slowly rising channel in past six months. The trailing 12-month P/E ratio of the index is at 82. The top 20 holdings of the IWM ETF … Continue reading

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The Problem Of The Stock Market In One Chart

This one chart shows what is wrong now with the U.S. stock market and potentially what can go wrong. A price will be paid but the day of reckoning is delayed.

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S&P 500: Lowest Intraday Range In 24 Years

The intraday change from the low to the high of the S&P 500 index on Friday, May 26, was only o.19%, which is the lowest in about 23 years and the fourth lowest in 31 years. I list some of … Continue reading

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A Few Bitcoin Statistics and Similarities to Equities

Since January 2011, bitcoin daily returns volatility is 89% while $1 has grown to more than $8,314.  The drawdown profile reflects the speculative nature of this currency and its high risks but some popular large caps went thought similar phases. … Continue reading

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Long Live The V-Bottom And The Winner Takes All

The central banks have done it again: a V-Bottom and a 6-day win streak in S&P 500, followed by new all-time highs.

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Diminishing Equity Index Returns

Despite new all-time highs and a rally in technology stocks, S&P 500 and NASDAQ 10-year rolling returns remain below their longer-term averages. In fact, in the last four years the 10-year rolling return is range bound in spite of interventions … Continue reading

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