The Fed might be able to stir things up next week, but despite the extremely high level of the most valuable valuation measures (CAPE, P / S...) and
the weak market internals, the price action makes a break - out to new highs very likely here.
Not exact matches
Weak internals in an overvalued
market signal trouble, particularly when yield trends are hostile.
The considerations behind shifts in these
market return / risk profiles should be clear - the strongest profiles emerge when a significant retreat in valuations is coupled with an early improvement in
market internals; the
weakest profiles emerge when overvalued, overbought, overbullish conditions develop or when rich valuations are joined by broadening divergence or deterioration in
market internals.
Our own measures of
market internals remain unfavorable, and trading volume has been persistently
weak, suggesting that the rebound may be more reflective of short - covering than a resumption of the insistent yield - seeking speculation observed prior to mid-2014.
diminishing liquidity — it is no longer possible for the tide to lift all boats (this is also the message sent by the divergences in the first chart and by the
market's
weak internals) and 2.
On top of the existing
internal problems of «lowflation,» shorthand for ultra-low inflation,
weak demand and anemic credit growth, the deterioration in the external backdrop over much of 2014 — rising geopolitical tensions with Russia, and the slowdown of the Chinese economy and many other emerging
markets — has made a rapid return to meaningful growth across the eurozone unlikely, in our view, despite some positive signs, including the stabilization of many peripheral economies and the boost in competitiveness from the
weaker euro.
The decision not to go public before now has been based on
internal considerations rather than a
weak public
market, Waldorf said.
In addition to that, the Canadian economy is strong, the most productive country on earth (USA) will benefit from a
weak dollar to boost its
internal production and the emerging
markets are as thirsty as vampires for resources to support their growth.
All the special foods on the
market today for dogs with bad skin, allergies, sensitive
internal organs,
weak immune systems, and every other condition are designed for dogs that are mostly products of «bad» breeding.
«Underneath the seasonally
weak results that we expected during the quarter, we are pleased both with some small signs that the
market might stabilize and also more significant
internal progress on our initiatives such that, when the
market does stabilize, Sotheby's will be poised to do very well for shareholders,» Smith said during the call.