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Strebler's Perspective

Latest Articles

Gold's Fourth Bull Market

by Jon S. Strebler

 

In August of 1961, Southern California was in the midst of transforming itself into one of the most desirable areas to live, anywhere. Its unique locale was defined by sunny days, citrus groves, the influences of Hollywood, old Mexico and Disneyland, flavored by warm beaches, verdant mountains, deserts, and Mexico – all within a day’s drive for area residents. San Diego was a Navy town of 575,000 people with plenty of aerospace jobs and an average home value of just under $19,000, which had just convinced the Chargers AFL team to relocate there from Los Angeles.

 

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Into the Abyss

by Jon S. Strebler

 

It’s really hard for me to buy more stocks, and to resist the urge to sell them instead. We have new all-time highs in virtually every indicator, index, or average that matters – not least the two indicators that Richard Russell valued so highly: the A/D Line and his own PTI, shown below.

 

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Wither Bricks & Mortar?

by Jon S. Strebler 

 

Trade discussions between Mexico and the US have yielded what seems to be a boon for Internet retailers.  Announced on Friday, Mexico has doubled the value of items that can be imported from the US, tariff-free.  This is good news for US e-retailers, as well as for Mexican consumers, delivery services, and subsidiaries of US Internet sellers in Latin America’s second largest economy.  Shepherding the deal through Congress is far from a simple matter, but markets like that the two countries are able to negotiate on a productive basis following the rancor of the past 18 months or so.

 

 

 

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Time for a Tune-Up

by Jon S. Strebler 

 

We recommended buying into the energy sector a couple of years ago, and that worked out pretty well, especially for those who sold half at 2016’s peak and then re-bought when prices dipped again. XLE, the sector’s ETF, and Chevron (CVX) have been good performers and have paid good dividends. But I wonder if they’re still the place to be, so let me share some of the charts I’ve been studying for insight on that question, starting with a long-term relative strength P&F chart that compares XLE to the S&P 500.

 

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The Middle

by Jon S. Strebler

 

At the beginning of this year, stocks were very much stuck in high gear.  Then they weren’t, the strain of month after month in the red zone finally taking its toll, and stocks tumbled with a vengeance.  Seven months later, US stocks are still in a correction, or secondary reaction in Dow Theory terms.  There’s little reason to re-examine the situation there for the umpteenth time, as all of us at DTL (and everyone else) has already done, until that changes. 

 

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Remember Real Estate?

by Jon S. Strebler 

 

We concentrate on stocks, fixed income, and precious metals for our analysis and recommendations, but we know there are other attractive investment options out there.  Chief among those are real estate, which for many people means primarily their personal residence.  In the late-1970s, after years of sloppy stock market performance, and a heating up of inflation, real estate equity was the preferred investment for the majority of Americans.

 

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