Archive | April, 2014

Taper Update

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As most market participants are aware, the Federal Reserve has been following a very strict taper schedule which is modeled out in the chart below. What may be underappreciated is the fact that through April 25th, the Fed’s balance sheet has risen by nearly $273 billion year-to-date.

Anatomy Of A Topping Formation

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We employ a modified point and figure approach as our preferred technical analysis tool.  We take in the price of every security in the MSCI World Index and convert is into USD.  Next we take in the price of all the various indexes and aggregates and convert them into USD.