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Archives by Year:
Yuan Devaluation Sparks Biggest Crash In US Corporate Bonds Since Lehman
Just two days ago we warned of the dramatic disconnect between equity insurance and credit insurance markets – at levels last seen before Bear Stearns collapse. As the Yuan devaluation shuddered EUR/CNH carry traders and battered European assets, US equity markets stumbled onwards and upwards, impregnable in their fortitude with The Fed at their back no matter what. […]
Dubai & The Middle East
The general perception that the countries in the Middle East are flush with cash and are deliberately keeping oil down to harm Iran when it begins to sell is rather childish. Budgets have risen and become bloated. Gasoline prices even rose in the United Arab Emirates (UAE). Dubai stocks fell to the lowest in more […]
Intro Guide To The Invesco Equity And Income A Fund (ACEIX)
Invesco Equity and Income A (ACEIX – MF report) a Zacks Ranked #2 (Buy) seek highest possible income consistent with safety of principal. Long-term growth of capital is an important secondary objective. ACEIX invests at least 65% of its assets in income-producing equity securities (including common stocks, preferred stocks and convertible securities) and investment-grade debt securities. The securities […]
Department Store Results Imploding
The government issued their monthly retail sales this past week and four of the biggest department store chains in the country announced their quarterly results. The year over year retail sales increase of 2.4% is pitifully low in an economy that is supposedly in its sixth year of economic growth with a reported unemployment rate […]
You’ll Never Guess What Stocks Warren Buffett Wants To Buy
The Oracle of Omaha is famous for making large purchases in companies like IBM (IBM) and Coca-Cola (KO), but this isn’t where he made all of his biggest returns. The investments that made Buffett worth $72 billion are in smaller less known companies with higher potential for growth and businesses protected from competition. Hands down, Warren Buffett […]
Billionaire Stanley Drucknemiller Loads Up On Gold, Makes It His Largest Position For First Time Ever
Over the past several years, one of the biggest critics of the Fed’s ruinous monetary policy has been billionaire investor Stanley Druckenmiller, who in 2010 announced he would be shutting down his legendary Duquesne Capital Management, and convert it to a family office. Yet, despite his constant drumbeat of warnings that the period of ZIRP/QE/NIPR will end […]
EURUSD: Retains Recovery Tone, Targets More Strength
EURUSD: With EUR seeing closing higher the past week, it now faces the risk of following through higher in the new week. Note that we may see a slight pullback in the new week. Support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim […]
Gold The Pending Question
Gold Room Fort Knox QUESTION: Martin, With your recent comments on gold; you seem to be implicitly suggesting people to sell their gold, since there is a good chance for it to bottom-out at a sub-$1000 level. Wouldn’t it make far more sense to hold onto it at least till November? 1) We don’t know for […]
Some Daily Charts
SPX is at its MA 200. Time to bounce to keep this unpleasant chart from becoming ugly like the Dow. Dow is around a short-term trend line but below lateral support. It can bounce but this has technical damage. Uncle Buck was down yesterday as well as the Euro popped (short covering?). Unc […]
Dollar-Bloc Corrects Higher, GDP Underpins GBP
The US dollar is mixed. It is recouping some of yesterday’s losses against the euro and yen but is heavier against the other major currencies. Short-covering in the dollar-bloc that began yesterday has been extended, and sterling was aided by the 0.7% preliminary increase in Q2 GDP. The rout in Chinese equities continued. Although trading was […]
