Many of my readers are acutely interested in seeing others agonize in pain, both in the physical and emotional. The good news for you, I’ve been able to isolate a sector of the market that has been disseminating pain, freely, all year long. It’s a curious case (no Benjamin Button), mind you, how this massive part of the economy is wallowing in misery, as everything else melts up. I am simply providing information here and do not have a diagnosis.
Let us now share some miserable news together.
Median Returns, all YTD and notable members of each index. Data provided by the glorious robotic fury of The PPT.
Electronic Stores -25%
BBY -20%
CONN -39%
RSH -66%
HGG -25%
3-D Printing -21%
VJET -49%
XONE -39%
DDD -38%
CIMT -28%
Home Furnishing -24%
GMAN -45%
PIR -32%
BBBY -26%
KIRK -24%
Apparel Stores -10%
BODY -83%
CACH -73%
ARO -64%
BEBE -44%
DSW -34%
SCVL -31%
TLYS -30%
Grocery Stores
FWM -64%
NGVC -49%
RNDY -49%
WFM -33%
TFM -19%
Personal Products -11%
NUS -47%
RDEN -40%
BTH -33%
FHCO -32%
IPAR -17%
Catalog and Mail Order -11%
OSTK -51%
NILE -40%
LQDT -35%
VVTV -32%
STMP -17%
The common denominator in this sector of the economy, afflicted by misery, is you: the US consumer. Is it possible for this trend in retail to continue, while reaching GDP consensus estimates? Will these stocks, specifically retail, represent enormous opportunity heading into Q4, or will it continue to decelerate, offering nothing but cancer, metastasizing inside of portfolios–worldwide–crushing the hopes and hearts of the retail investor until they are destitute–almost pig-like beings–regular mendicants carousing about the boulevard in most undistinguishable fashions.
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Ugly…
Sticking with disruptive tech growth names – provides a much needed buffer from the anemic consumer in the short-medium term.
DATA, TWTR, FUEL, RUBI, IMMR
and some gold for momentum and diversification
AU
+ some core non-cyclicals to balance things out
PenIs Mightier
All bow down before the awesome power of NUGT and JNUG.
Have you guys seen futures?
Yes, and then I looked at NUGT pre-market and thanked GAOTU that NUGT calls were 40% of my purchases yesterday, because that other shit is TOAST. Good call on staying mostly cash Fly. 🙂
Today will be crucial for a continued gold stock advance.
When it started several weeks ago I suggested that this was going to be a secular move with the stocks leading the metal (as it used to be before the GLD etf came along).
I was assuming a continued or flat stock market advance.
I can’t recall the last time gold stocks advanced while the general market crapped out (not in ’70s, early ’80s. ’87 crash, etc.). Well the only time was in the early ’30s (’29 crash) when HM (Homestake) went from about 2 to 90.
Maybe time to sell the gold stocks into strength today and then watch the general market.
That’s my plan. I was going to sell NUGT as gold got to 1350. Didn’t expect it to be today.
S&P 500 (SPY), Nasdaq 100 (QQQ), and DJIA (DIA) futures are all off about 0.9% and Russell 2000 (IWM) down 2% as trouble brews in the EU periphery.
Banco Espirito Santo – Portugal’s largest listed bank – is off another 16% as its parent reportedly considers bankruptcy protection unless a deal can be worked out with creditors. Portugal broad market is down another 4.1%, bringing its 7-session slump to 11%.
Projected move from bottoming pattern in gold miners puts them back up to test overhead resistance from major breakdown last year. Be right and sit tight.
Another day where I have to mute the shit out of the Wall 2.0 Hockey Majors on my Twitter feed.
if you change from “august” to “mid july” it would appear your predicted scenario is playing out exactly, Fly. What a bull trap that just went off.