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 market has been sending “topping” signals for weeks now. They include: Fewer and fewer companies participating in the rally. High yield credit, which leads stocks, rolling over. Weakening momentum. Dwindling volume. Market leaders (the...
The market has gone absolutely nowhere for 15 weeks now. That is not a typo, nor am I bearing overly negative. Since the end of February, when President Trump last tweeted that he had big plans for the economy, the S&P 500 is up a...
Stocks continue to trade at nosebleed valuations. According to Fact Set, the S&P500 is currently trading at a P/E of 21. This is well above its 10-year average of 16.7. And bear in mind, eight of those ten years (from 2010-2017) were...
While investors pile into Tech Stocks based on endless promotion from the financial media, the US economy is rolling over. Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017...
The technical damage to the stock market has been severe. Since the start of 2017, nearly half of all market gains are coming from just five large Tech stocks.
The number of S&P500 companies reporting negative earnings is rising rapidly. Why does this matter? It matters because this usually signals right before a stock market peak.
Since 2008 the financial media has been proclaiming that the US was in a “recovery.” This argument was used to justify the insane monetary policy of the Federal Reserve, which maintained ZIRP for seven years and spent over $3 trillion in...
For weeks I’ve been noting that stocks are being driven by a market rig. By way of review, that rig is as follows: 1) Someone slams the VIX lower. 2) This forces risk-parity funds to buy stocks, usually the FANGs or large-cap Tech names (...
The “smart money” is flashing a signal that the US economy and ultimately the financial system, are in serious trouble. CNBC and other media outlets like to focus on stocks because they tend to be more volatile and therefore more exciting...
The $USD/Yen prop is now actively being pulled. For two weeks straight “somebody” was pinning stocks by ramping the $USD/ Yen pair. You can see the tight correlation between the two in the chart below.
