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September Producer Price Index: Final Demand Up 0.4% MoM

September Producer Price Index: Final Demand Up 0.4% MoM

Today’s release of the September Producer Price Index (PPI) for Final Demand came in at 0.4% month-over-month seasonally adjusted, up from last month’s 0.2%. It is at 2.6% year-over-year, up from 2.4% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) came in at 0.4% MoM, up from 0.1% the […]
Dow Jones Commodity Index Is Supporting A Higher Price Of Gold

Dow Jones Commodity Index Is Supporting A Higher Price Of Gold

The Dow Jones Commodity Index is a broad measure of the commodity futures market that emphasizes diversification and liquidity through an equal-weighted approach. It doesn’t allow any sector to make up more than 33% of its portfolio or any single commodity to make up more than 15%. Gold is the top weighted commodity of the […]
Bitcoin Breaking Above 5K. Now Up To 7000, Or Back Below 4400?

Bitcoin Breaking Above 5K. Now Up To 7000, Or Back Below 4400?

Bitcoin is breaking to a new high, which was expected after that sharp fall back in September, viewed as a correction within an ongoing uptrend. There is room for current fifth wave rise up to 6k or even 7k, but be aware that its final leg within big five wave recovery, so corrective turn, a […]
Musk’s Space Project Proves That It Should Be An Indicator Of What To Expect From The Model 3

Musk’s Space Project Proves That It Should Be An Indicator Of What To Expect From The Model 3

Bloomberg reports that SpaceX has just made a successful launch of another reused rocket. When Musk first talked about building reusable rockets, the whole industry laughed. Now, they are, probably, not laughing. The economics of the whole problem are on Musk’s side, reusable rockets have a marginal travel cost equal to the cost of fuel (plus maintenance […]
Citi – Potential Double If This Resistance Taken Out

Citi – Potential Double If This Resistance Taken Out

Citi Group doesn’t have much to brag about from a long-term perspective, as it remains 80% off its highs back in 2006. Citi has a good deal to brag about, per the gains it has achieved from its 2009 lows (Up several hundred percent). Below looks at Citi over the past 24-years and why the Power […]
Bitcoin Bull Bonanza

Bitcoin Bull Bonanza

One of the most ironic posts on posts must be the one I did just back in January called Bitcoin’s Massive Bullish Base, which featured this chart: The entirety of the post’s text was as follows: “I’m not even going to try to understand the logic, but well-encrypted 1s and 0s of imaginary currency have formed […]
EUR/JPY Hidden Bullish Divergence Within The Zone

EUR/JPY Hidden Bullish Divergence Within The Zone

The EUR/JPY has formed a hidden bullish divergence and both the PPR and AP channel are pointing to the upside. Bulls are dominating the market so pullbacks could be possibly bought into on intraday time frame providing that the pair stays above the D L5 132.38. The POC zone is 132.80-95 ( D L4, AP […]
Billion Dollar Unicorns: What Are AUTO1’s Margins?

Billion Dollar Unicorns: What Are AUTO1’s Margins?

According to Technavio, the global used car market is projected to grow at a CAGR of more than 7% to reach 128.4 million units by 2021. The used car market in the mature EMEA market is projected to reach 36.03 million units by 2021 driven by the increasing aging population and rising fuel prices. AUTO1 […]
Household Debt Steals From Future Growth And Prosperity

Household Debt Steals From Future Growth And Prosperity

For decades, the financial industry has insisted that it is a crucial engine to economic prosperity by increasing access to credit and ‘investment’ opportunities. Widespread acceptance of this narrative by governments and individuals alike, has led to decades of increasingly preferential treatment and deference to the financial sector and their requests. The more enriched the […]
Jobless Claims Back To Pre-Hurricane Levels

Jobless Claims Back To Pre-Hurricane Levels

Weekly jobless claims came in lower than expected this week falling from 258K down to 243K. This week’s print was the lowest since 8/25, which was right before the triple whammy of hurricanes Harvey, Irma, and Maria struck the US and its territories. While the Department of Labor did note that claims from Florida, Puerto […]