Graham Summers
Graham Summers is Chief Market Strategist for Phoenix Capital Research, an independent investment research firm based in the Washington DC-metro area with clients in 56 countries around the world.
Graham’s clients include over 20,000 retail investors as well as strategists at some of the largest financial institutions in the world (Morgan Stanley, Merrill Lynch, Royal Bank of Scotland, UBS, and Raymond James to name a few). His views on business and investing has been featured in RollingStone magazine, The New York Post, CNN Money, Crain’s New York Business, the National Review, Thomson Reuters, the Glenn Beck Show and more.
Graham Summers Articles
The 2008 crash was a warm up. Many investors think that we could never have a crash again. The 2008 melt-down was a one in 100 years episode, they think. They are wrong.
The biggest issue for maintaining the Euro has been one of political tension. In the US, politics takes a backseat to economics. If the economy goes into the toilet, there are political repercussions. This is because the US Government as...
Ever since 2008, anytime stocks began to collapse sharply, “someone” stepped in and put a floor under the market. In 2010, the S&P 500 staged a death cross, where its 50-DMA broke below its 126-DMA (the half year moving average)....
The next round of the financial crisis is at our doorstep. The primary driver of the stock market, since 2009, has been the expansion of the Fed’s balance sheet. Remove this expansion and the S&P 500 would have effectively flat-lined....
The stock market is no longer cheap. The single best predictor of stock market performance is the cyclically adjusted price-to-earnings ratio or CAPE ratio. Most investors price a company based on its current Price to Earnings or P/E ratio...
We are getting clear signals from the “smart money” that something bad is looming on the horizon. The most obvious signal comes from the ultra-wealthy (those worth $20 million or more) who are rapidly moving out of paper assets and into...
In 2012, ECB President Mario Draghi, pulled the EU back from the brink of collapse by promising to do “whatever it takes” in the summer of 2012. Since making that promise, the two biggest problem countries for the EU, Spain and Italy, have...
The 2008 crisis was just a warm-up. The 2008 crisis was a banking and equities crisis. In the simplest terms, investment banks, leveraged to the hilt with garbage mortgage derivatives, became insolvent and began to collapse.
“Buy stocks! It’s a great opportunity! They present great value.” This is the non-stop mantra espoused on financial media. It’s simply astounding given that everyone with a modicum of sense knows stocks are in a bubble and financial media...
The Central Bank policies of the last five years have damaged the capital markets to the point that the single most important item is no longer developments in the real world, but how Central banks will respond to said developments.
