The Capital Growth Channel

Weekly Market Summary

All of the US equity indices made new all-time highs again this week. Treasuries were the biggest winner. A drawdown of at least 5-8% in SPX is odds-on before year year end, but there are a number of compelling studies suggesting that 2017 will probably continue to be a good year for US equities.

This Natural Gas Opportunity Is Years in the Making

This week I was in beautiful Argentina with a diverse team of investors and mining executives. Together we toured various natural gas and crude oil mining projects in Tierra del Fuego, Mendoza and Santa Cruz, where we had the opportunity to speak with Governor Alicia Kirchner, elder sister to former Argentinian president Néstor Kirchner.

Trending

The term “trend” now has a broader use. Trending is a term used in reference to the buildup of posts on social media. And we find ourselves in a day and age when the leader of the free world is posting using stream of consciousness—annoyingly against a department store that no longer supports his daughter’s line of clothing or worse, tweeting against judges who disagree with his policies. This is a trend we shouldn’t miss.

If You Build It, Will They Come?

Today, it seems as if there is a mysterious voice speaking to politicians all over the world, urging them to build.

S&P 500 Snapshot: Record Highs Continue

On Friday, the S&P opened lower than the previous three days and oscillated around a narrow range until late in the day with a few jumps just before close. The index reached its intraday high at close and ended the day with a gain of 0.15%. Week over week, the index saw a gain of 0.70% ending Friday with another record close.

Real Asset Alternative CEFs

Real asset alternative investments in a CEF format may appeal to investors seeking inflation protection, says Larry Antonatos of Brookfield Asset Management.

Money, Money Everywhere, Not an Asset to Buy

During the next two decades, an estimated 76 million baby boomers – the bulge of the Western population born between 1946 and 1964 – will begin the process of going from growing and accumulating earnings to retiring and distributing their wealth.

5 Charts That Show 2017 Could Be a Banner Year for Retailers

Thursday morning, Treasury Secretary Steven Mnuchin told CNBC that we could expect “significant” tax reform by August, including tax cuts for middle-income Americans and corporations. Like clockwork, the major stock indices rallied to all-time highs in intraday trading.

ECRI Weekly Leading Index: "How Reliable Are GDP Consensus Forecasts?"

Today's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 144.6, up just 0.1 from the previous week. It is currently just below its all-time high. Year-over-year the four-week moving average of the indicator is now at 12.32%, up from 12.17% the previous week, and at an interim high. The WLI Growth indicator is now at 10.5, down slightly from the previous week.

Michigan Consumer Sentiment: February Final Inches Up, Better Than Forecast

The University of Michigan Final Consumer Sentiment for February came in at 96.3, down from the January Final reading of 98.5, but inched up from the February preliminary of 95.7. Investing.com had forecast 96.0.

5 Fairly Valued MLPs: Is the Dilution Worth the Yield and How Do You Value Them?

The 5 MLPs covered in this article offer yields ranging from 5.7% to 10.7%. Additionally, each of these MLPs appears reasonably valued given their high yields and prospects for growth. However, two of these MLPs are currently in the process of merging.

Life After Beta: Are You Asking the Right Questions About Alternatives?

Investors have had mixed experiences with alternative investments lately, as the market landscape has made it hard for managers’ skills to shine. It’s time to ask some pointed questions to get the right fit.

The Administration Now Faces the Hurdles of Reality

There has rarely been a new presidential administration in the history of the United States that has tried to get so much done in its first ten days as the current one.

K2 Advisors : Why We Like Activist Hedge Strategies

Given the unpredictability of today’s financial markets, many investors are looking to reduce the impact of market volatility on their portfolios. Hedge-fund strategies—a type of alternative investment strategy—may help by potentially offering additional diversification, new sources of return and reduced risk.

Center Stage…

While politics and the new government's agenda is still very much in the news, investor interest last week shifted to the bigger picture.