The sun is shining and happier days are here again in banking… maybe. After the banking crisis this spring, earnings look surprisingly strong in the banking sector. JPMorgan Chase reported net income growth of 67% over the last year, while Wells Fargo had a 57% net income growth over the previous year. Bank of America … Continue reading Strong Earnings Hide Looming Bank Crisis
The Gold/Stocks Ratio Provides Opportunities
What Recession? Markets Party Like It’s 1929. With all the bearish signals throughout this year and last, it would seem that the recession is nigh. And yet, stocks continue to rally. Last Friday, the S&P 500 closed up for the fifth week. Since March, stocks have been on a parabolic rise — as seen in … Continue reading The Gold/Stocks Ratio Provides Opportunities
