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Dot Plot Convergence As Fed Outsources Policy To Financial Markets

Dot Plot Convergence As Fed Outsources Policy To Financial Markets

A “dot plot” of Fed-expected rate hikes vs. market-expected rate hikes shows convergence towards the market’s view. In December, Fed Chair Janet Yellen expected four rate hikes this year. So did various Fed governors. On March 21, Atlanta Fed president Dennis Lockhart went out on a limb by proposing a hike in April. The market […]
Daily Market Analysis – March 31, 2016

Daily Market Analysis – March 31, 2016

Video Length: 00:01:28 During the day on Thursday, we will have GDP numbers coming out of Great Britain, and that of course will be a very important to the British pound and the FTSE, but at this point in time we think that most of the markets will simply be consolidative, and mainly because the […]
Yellen-Driven Short-Squeeze Sends Bonds To Best Quarter In 4 Years

Yellen-Driven Short-Squeeze Sends Bonds To Best Quarter In 4 Years

After The Fed jawboned the world into the largest aggregate net short position in Treasuries in Q4 since 2010, its rapid realization that all is not well in the real world – and subsequent talking (and walking) back of rate-hike expectations – has sparked the biggest short-squeeze in 6 years and sent Treasuries up by the most […]
Oil Fails To Recover On Lower Inventory Build

Oil Fails To Recover On Lower Inventory Build

US Crude Oil inventories rise at a slower pace of 2.29 million barrels for the week ending March 25th, 2016 Summary: After rallying to a 4-month high, WTI Crude Oil prices retreat steadily Saudi Arabia – Kuwait talk on re-opening Khafji Oilfield, expected to add 300k barrels extra US Oil inventories for week ending March […]
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                        Still The Most Important Chart

E Still The Most Important Chart

Tonight I would like to show you some charts on several of the different currencies and especially the US dollar as it has been pretty weak lately. As you know the US dollar has been consolidating that massive impulse move up that began in the Spring of 2014 chopping sideways between roughly 100 at the […]
GBPUSD: Loses Bullish Momentum, Vulnerable

GBPUSD: Loses Bullish Momentum, Vulnerable

GBPUSD: With the pair rejecting higher level prices on Wednesday, further weakness is likely in the days ahead. On the downside, support lies at the 1.4300 level where a break will turn attention to the 1.4250 level. Further down, support lies at the 1.4200 level. Below here will set the stage for more weakness towards […]
Podcast: The Inevitable Is Now Imminent

Podcast: The Inevitable Is Now Imminent

It’s just about official: With corporate sales and profits shrinking and consumer spending flatlining, the US economy will grow hardly at all this year while the rest of the world will probably drop back into recession. The result: Massive policy changes here and abroad, with major implications for stocks, bonds, precious metals and real estate.
Are Stocks Cheap? Diving Further Into The Russell 2000, S&P 500, And Nasdaq P/E Ratios

Are Stocks Cheap? Diving Further Into The Russell 2000, S&P 500, And Nasdaq P/E Ratios

How many P/E ratios are there? Let me count the ways. As companies report for tax purposes (the real P/E). As trumped up by mainstream media (the pro-forma P/E also called operating earnings). As further trumped up by mainstream media (forward estimates, typically wildly off) based on pro-forma PE ratios. I am quite sure I […]
The Safety Net: Is This 13%-Yielding Perpetual Dividend Raiser In Trouble?

The Safety Net: Is This 13%-Yielding Perpetual Dividend Raiser In Trouble?

Usually when you find a company that has raised its dividend every year for 16 years, has never cut the dividend and, in fact, has lifted the payout to shareholders in 52 of the past 64 quarters, that dividend is considered safe. But these days in the energy sector, you can’t assume “usually” still works. […]