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At The Gateway To A New Phase

At The Gateway To A New Phase

The market, despite weakening corporate profits and several other headwinds, has decided it liked what it heard from the Inflator in Chief yesterday as it has scored the game Janet Yellen 2, Hawks in Drag 1 and US dollar 0. Is it a final score? I am not sure how our hawkish transvestites can be […]
Bonds Are Getting Battered

Bonds Are Getting Battered

After yesterday’s super-strong day in Treasuries, following Janet’s jawboning into uber-dovish-land, it appears the world is in panic-selling mode and is dumping the long-bond by the most in 7 weeks. 30Y yields have spiked from 2.59% to 2.68% – one-week highs – as illiquidity rears its ugly head once again. As the curve steepens dramatically….   […]
4 Growth Stocks To Buy With Dividends Over 2.5%

4 Growth Stocks To Buy With Dividends Over 2.5%

“Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.” – Mohamed A. El-Erian So far 2016 has been a tough year […]
Central Bank Policy Sparking Gold Demand In Europe

Central Bank Policy Sparking Gold Demand In Europe

When we talk about increasing gold demand, the focus tends to fall on Asia. Earlier this week, we reported surging investor demand for the yellow metal in China. The Japanese have also gone on a gold buying spree since that country’s central bank plunged interest rates into negative territory. But it isn’t just Asians who are bullish on […]
Cowen Proclaims Apple Estimates Have Bottomed, Ups To Outperform

Cowen Proclaims Apple Estimates Have Bottomed, Ups To Outperform

Cowen analyst Timothy Arcuri upgraded Apple to Outperform from Market Perform and raised his price target for the shares to $135 from $125. The iPhone maker closed yesterday up $2.49 to $107.68. After eight months of recommending investors remain on the sidelines with respect to Apple shares, Arcuri recommends buying the name. Year-over-year compares and […]
Euro – Attempting Breakout, Could Be First Time In A Year

Euro – Attempting Breakout, Could Be First Time In A Year

Since 2008, the Euro has been been in a down trend, creating a series of lower highs and lower lows. The world has had little interest in owning the Euro over the past 8-years. Is this trend about to change? Below looks at the Euro over the past 18-years, on a monthly closing basis.   […]
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                        The Yellen Put Option Lives!

E The Yellen Put Option Lives!

Any monetary hawks hoping for an acceleration of the Federal Reserve’s interest rate policy had their hopes sorely dashed today. Chairman Janet Yellen’s speech could not have been more dovish if it had been written by the most extreme deflationista. Let me parse her words for you: “greater gradualism”  “less favorable economic conditions” “weaker foreign […]
Trendline Threat

Trendline Threat

As if things weren’t bad enough, I was greeted this morning with this article from Zerohedge: Who, as cited by ZH, engages in what is persistently the most twee writing known to man: Thus, the last embers of ursine hope are being doused out, as we approach Custer’s Land Stand on the ES:
Wednesday – When Fed Doves Cry, The Market Flies

Wednesday – When Fed Doves Cry, The Market Flies

How can you just leave me standing? Alone in a world so cold? (World so cold) Maybe I’m just too demanding Maybe you’re just like my mother She’s never satisfied (She’s never satisfied) This is what it sounds likeWhen doves cry Janet Yellen could not have been more doveish yesterday. In what was effectively a […]
Corporate Profits Forecast: Near The Bottom But No Strong Rebound Anytime Soon

Corporate Profits Forecast: Near The Bottom But No Strong Rebound Anytime Soon

Corporate profits dropped eight percent in the fourth quarter of 2015, most of the decline coming from petroleum and coal products. In fact, that sector’s profits were not only down; they turned from black ink to red ink in a single quarter. Without petroleum’s misfortune, corporate profits would have edged down only 1.7 percent. The remainder […]