As US Stocks Near Record Highs, These Charts Spell Caution

by FS

Excerpts from our recent FS Insider interview with the Boock Report’s Peter Boockvar. See Stock Buybacks Have Peaked, Says Peter Boockvar for audio or click here to subscribe.

Reliable global trade proxies like South Korean exports are at 2008-2009 lows showing the global trade/economic outlook is still quite shaky.

Source: Bloomberg, Financial Sense Wealth Management

Related:

Weakness in US manufacturing now filtering into services, with the latter making up around 80% of US GDP and employment.

Source: Bloomberg, Financial Sense Wealth Management

Related:

World’s second largest ​economy—China—now growing at slowest pace in nearly 30 years.

Source: Bloomberg, Financial Sense Wealth Management

Related:

Further cuts by Fed will have limited economic effects since long-term borrowing rates are already at record lows.

Source: Bloomberg, Financial Sense Wealth Management

Related:

Dollar likely in a topping process based on relative strength of other currencies and macro-outlook.

Source: Bloomberg, Financial Sense Wealth Management

Related:

We’ve probably seen the peak in corporate buybacks for this economic cycle as companies are now focusing on their debt and leverage ratios, which are both at all-time record highs.

Total US Corporate Debt

Source: Bloomberg, Financial Sense Wealth Management

US Corporate Debt / GDP

Source: Bloomberg, Financial Sense Wealth Management

To hear this full interview see Stock Buybacks Have Peaked, Says Peter Boockvar for audio or click here to subscribe.

 

 

445 views