The One Big Thing

>>Bonds Are Stocks Without A Circuit Breaker

Top Charts

Value has never been this cheap vs. Momentum, with the relative forward P/E of Value vs. Momentum at two standard deviations below the average. The only time in history that Value has gotten this cheap was in 2003 and 2008, when Value outperformed Momentum by 22ppt and 69ppt, respectively, over the subsequent 12 months.

Savita Subramanian, who runs the Equity & Quant group at Bank of America Merrill Lynch.

Top Tweets

·

Top Trades

semiconductor stocks have completely diverged from earnings and the global cycle, as they have been focused on the front loading of demand from China…. the front loading is a short-term phenomenon… has caused the global PMI to bounce (Caxin rip) …and actual demand will not bridge the gap once it stops  @TeddyVallee

Top Reads / Videos

China’s fear of a “Minsky Moment” is driving a tectonic shift in the availability of money.

For more charts and links like these check out my twitter feed.

To Great Fishing!

Samantha LaDuc
Founder LaDucTrading
CIO LaDuc Capital LLC

Thanks for reading – Curious how I help active traders and investors like you?  I fuse macro analysis with market-moving news, give it context and actively trade while supporting clients who do the same.

Not a member? Here’s some more FreeBait – Fishing Stories and Trading Videos.
Want to forward this email? They can sign up for The Market Catch here.
New to trading? Learn How To Trade!

Become a Member  – To get Samantha’s insights on macro inflection points and market-timing calls:

Read: Macro-to-Micro Weekly Newsletter – “Gone Fishing”
Follow: Brokerage-Triggered Trade Alerts – “Big Catch”
Participate In: Live Trade Room – “Fishing Club”

For Institutions – Gain from Custom Consulting and Allocated Trading