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Archives by Year:
SPX 2520 Or 2360?
SPX has remained in a steady uptrend since the post election lows just above 2000 points. Soon after price broke above the Daily Kumo (cloud) and has never broken since….470 points higher…. There are bears hoping (pathetic) for a military escalation between South and North Korea… these people need a psychiatrist… and there are bulls that buy […]
Gold – Testing Critical Breakout Level, Again
Below looks at the Gold/US Dollar ratio over the past 8-years. The ratio is testing a level that has been critical to Gold bulls for the past few years and we suspect it will be critical for it again at this level! The ratio declined sharply from 2011 thru 2013, where it hit a […]
EC HH Where Money Goes To Die
It is often a wise thing to look around and see where people are doing that is nuts. Often it is obvious in advance. In the past, the two most obvious were the dot-com bubble and the housing bubble. Today, we have two unrelated pockets of nuttiness, neither of which is as big: cryptocurrencies and […]
Nothing-Burger, Gangnam Style
As the latest tempest-in-a-teapot from the Kim clan has been brewing during the long weekend, those of us who have become cynical about the abilities of the market to fall based on ANY kind of news have been confirmed. Because in spite of a mildly decent dip in the dollar… …equity markets could hardly care […]
Aussie Higher On RBA Outlook
The Australian Dollar got a boost against its US counterpart after the speech by Philip Lowe, the governor of the Reserve Bank of Australia. Lowe said that he was confident that the current environment of low wage growth in the Australian labor market would reverse course as a factor of supply and demand. Lowe also said […]
More Action Needed On European Bank Profitability
from the International Monetary Fund — this post authored by John Caparusso, Rohit Goel and Will Kerry European banking has made considerable progress in the past few years: Banks have built up capital, regulation is stronger and supervision has been enhanced. But profitability remains weak, posing risks for financial stability. In a sample of more than 170 large European […]
Stormy Surges And Rising Geopolitical Risk
Oil prices are on the rise as US refiners come back after Hurricane Harvey and a big jump in geo-political risk as North Korea unleashes an alleged hydrogen bomb. The oil industry must watch the weather again as Hurricane Irma has turned into a massive and dangerous category 5 storm. On top of that, there […]
Bitcoin Falls 20% As Mobius And Chinese Regulators Warn
– Bitcoin falls 20% as Mobius and Chinese regulators warn – “Cryptocurrencies are beginning to get out of control” – warns respected investor Mark Mobius – Mobius believes governments will begin to clamp down on cryptocurrencies sparking rush to gold – Yesterday China’s PBOC ruled Initial Coin Offerings (ICOs) are illegal and all related activity […]
WTI Pops, RBOB Drops As Refiners/Pipelines Restart, Irma Looms
WTI crude prices are testing above $48 this morning (and RBOB prices tumbling) as refiners and pipelines come back on line faster than expected and fears of Hurricane Irma’s path impacting Gulf production edge higher. As Goldman notes, the recovery from Hurricane Harvey has accelerated over the weekend, with prolonged dry weather helping the decline in flood levels. We estimate that half […]
Morning Call For Tuesday, September 5
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 -0.22%) this morning are down -0.33% and European stocks are unchanged. Geopolitical tensions from North Korea are weighing on U.S. equities after the Asia Business Daily reported that North Korea was preparing to fire an ICBM missile by Saturday. The U.S. said it would seek the strongest possible sanctions against […]
