Category Archives: Technical Analysis

Clouds on the Horizon : Range Chart Update

Written by Michael Lebowitz | May, 24, 2017

On March 10, 2017, 720Global introduced the Trump Range Chart. Developed to see several different markets on one page, this unique chart provides a composite perspective of many instruments at…

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Volatility: A Misleading Measure of Risk

Written by Michael Lebowitz | May, 4, 2017

“History has not dealt kindly with the aftermath of protracted periods of low risk premiums” – Alan Greenspan The ability to see beyond the observable and the probable is the…

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Playing the Game to Win

Written by Michael Lebowitz | Apr, 26, 2017

What Rick Barry and the Atlanta Falcons can teach us about risk management “Something about the crowd transforms the way you think” – Malcolm Gladwell – Revisionist History With 4:45…

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Passive Negligence II

Written by Michael Lebowitz | Apr, 19, 2017

Almost a year ago, we stumbled upon a topic that is currently generating much discussion in the financial media. In Mm Mm Good, published August 2016, we highlighted the Campbell…

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The Forgotten Path to Prosperity

Written by Michael Lebowitz | Apr, 5, 2017

This article, and those that will follow in this series, describes in simple but compelling form several objective truths about the dynamics of scarcity and prosperity and the role they…

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Echo Chamber

Written by Michael Lebowitz | Mar, 22, 2017

Since the U.S. economic recovery from the 2008 financial crisis, institutional economists began each subsequent year outlining their well-paid view of how things will transpire over the course of the…

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The Trump Range Chart

Written by Michael Lebowitz | Mar, 14, 2017

On the night of the U.S. Presidential election, many investment assets went from a state of sheer panic at the prospect of Donald Trump winning the election, to manic euphoria…

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The Sure Thing

Written by Michael Lebowitz | Feb, 22, 2017

The New England Patriots pulled off a stunning come-from-behind victory in Super Bowl LI, and one that was truly unprecedented in American football. Throughout modern NFL history, playoff teams that…

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Fed Up – A Look Behind the Curtain

Written by Michael Lebowitz | Feb, 15, 2017

Danielle DiMartino Booth, a former Dallas Federal Reserve official, released a new book this week entitled Fed Up. The book, a first-person account of the inner-workings of the Federal Reserve…

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The Lowest Common Denominator

Written by Michael Lebowitz | Feb, 8, 2017

The Lowest Common Denominator: Debt At a recent investment conference, hedge fund billionaire Stanley Druckenmiller predicted that interest rates would continue rising. Specifically, he suggested that, consistent with the prospects…

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Great Expectations

Written by Michael Lebowitz | Feb, 1, 2017

  “Never ever lose sight of long term relationships” – Paul Krake – View from the Peak Throughout 2016 we highlighted that various measures of equity valuations are at historically high…

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Extrapolate at Your Own Risk

Written by Michael Lebowitz | Jan, 18, 2017

As we dig through S&P 500 price forecasts for the year 2017, we discover that a majority of “Wall Street’s top strategists”, are calling for a year-end S&P 500 price…

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Hoover’s Folly

Written by Michael Lebowitz | Jan, 11, 2017

In 1930, Herbert Hoover signed the Smoot-Hawley Tariff Act into law. As the world entered the early phases of the Great Depression, the measure was intended to protect American jobs…

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Written by Michael Lebowitz | Dec, 21, 2016

Janet Yellen At the December 14, 2016 FOMC press conference, Federal Reserve Chairwoman Janet Yellen responded to a reporter’s question about equity valuations and the possibility that equities are in…

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Banks in Drag : The Russell 2000 Exposed

Written by Michael Lebowitz | Dec, 14, 2016

In “Passive Negligence”, we highlighted how investors, on the margin, have been shifting from an active investment style to a more passive approach by favoring index and sector ETFs and…

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Mind Games

Written by Michael Lebowitz | Dec, 7, 2016

In “Bubbles and Elevators”, we discussed how human beings do seemingly ridiculous things to fulfill their instinctive need to mimic what others are doing, right or wrong, logical or illogical….

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