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Wednesday – Defensive Markets

Wednesday – Defensive Markets

The market seems to be getting just a bit defensive as REITs, Utilities, Large Caps did well today while small caps were a bit weak. There was some weakness in this group while the rest of the market advanced. These packaging stocks seem to sell off just before the broad market at the peak of […]
September Fed Minutes: Highlights

September Fed Minutes: Highlights

Ok, who’s excited about the Fed Minutes? Raise your hands! Obviously, the September minutes will be parsed for clues as to what the committee was thinking in terms of staying the course for December despite lackluster inflation. Also key – or at least to our mind – is if there’s any indication sticking to the […]
EUR/USD And GBP/USD Forecast – Oct. 11

EUR/USD And GBP/USD Forecast – Oct. 11

EUR/USD The EUR/USD pair broke out to the upside during the trading session on Tuesday, slicing through the 1.18 level. Now that we are above there, I think that the market can continue to go higher, perhaps reaching towards the 1.20 level above. I think that short-term pullbacks will continue to be buying opportunities, and […]
Bitcoin Prices Eye Record High – Pullbacks To Offer Opportunity

Bitcoin Prices Eye Record High – Pullbacks To Offer Opportunity

Bitcoin prices breakout- Near-term resistance to offer entries on a pullback. BTC/USD Daily Chart Technical Outlook:  Bitcoin broke though downslope resistance early in the month with the subsequent rally taking prices back above the record high-day close at 4600. The focus remains weighted to the topside while above this threshold (note the median-line) with a breach above the record high […]
Scales Matter: Does Natural Gas Or Oil Seem Undervalued?

Scales Matter: Does Natural Gas Or Oil Seem Undervalued?

Every morning in our Morning Update for clients we pass along a quick screen of important long-term spreads in the natural gas market as well as comparisons of natural gas to crude and heating oil prices. This page (seen below) comes alongside our morning weather forecast, natural gas technical analysis, and a look at the […]
Small Business Optimism Fell In September

Small Business Optimism Fell In September

This year, the NFIB small business confidence index has been a strong point in the sea of economic data. For the first time this year, the index had a decent decline. The index fell 2.3 points to 103 in September. That’s the largest decline since October 2013. The overall metric is still near the peak, […]
IMF Raises Its Growth Forecast For 2017 And 2018

IMF Raises Its Growth Forecast For 2017 And 2018

The International Monetary Fund (IMF) raised its global growth forecast for 2017 and 2018 due to a broad-based recovery around the world. In its latest World Economic Outlook, the IMF adjusted their forecast up 0.1 percentage point to 3.6 percent in 2017 and 3.7 percent in 2018. “The global recovery is continuing, and at a […]
How Much Do Central Banks Cost Us?

How Much Do Central Banks Cost Us?

A classic argument for central bank controlled fiat money goes like this: a commodity such as gold is very costly to produce. All the resources, capital, and labor devoted to mining gold for monetary purposes could be employed elsewhere in the economy, to the benefit of society, if only we had a fiat standard. This argument is […]
Qualcomm Disagrees With Taiwan Fair Trade Commission Fine Of $773 Million

Qualcomm Disagrees With Taiwan Fair Trade Commission Fine Of $773 Million

Qualcomm announced that the Taiwan Fair Trade Commission has reached a decision in the TFTC’s investigation, stating in a press release that certain of the company’s business practices are in violation of Taiwanese competition law and imposing a fine of approximately $23.4B Taiwan dollars, or approximately $773 million. Qualcomm said it “disagrees with the decision […]