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Yen Falls After Japanese Election As Nikkei Eyes Record Winning Streak

Yen Falls After Japanese Election As Nikkei Eyes Record Winning Streak

So just a quick note as trading gets underway and we start the new week in Asia. As expected, USD/JPY is up following the Japanese elections. With Abe’s ruling coalition retaining a two-thirds majority in the lower house, Abenomics isn’t going anywhere although, as noted earlier, it really wasn’t clear that an “adverse” outcome would have materially […]
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                        Market Briefing For Monday, Oct. 23

E Market Briefing For Monday, Oct. 23

Endangered species like bears are struggling to emerge from an historic hibernation. Also there’s no assurance that’s immediately on tap now for a single reason…expectation of an expedited movement toward tax reform. I am going to add another reason, because it matters a lot to the S&P now.  As we observed in Thursday’s remarks (which […]
Forex Weekly Outlook October 23-27

Forex Weekly Outlook October 23-27

The US dollar rebounded last week after the senate adopted 2018 fiscal budget. However, the weaker than expected inflation rate, 0.5 percent, and retail sales, 1.6 percent, remain concerns as the Federal Reserve prepares to start unwinding its balance sheet in October.  In Europe, the Brexit got a huge support from German Chancellor Angela Merkel in a […]
How Risky Are Cryptocurrencies?

How Risky Are Cryptocurrencies?

In a word, cryptocurrencies are VERY risky. Nobody truly knows how this new technological application will develop. It could be that cryptocurrency is the future of money, destined to replace national fiat currencies partially or even wholly, as outlined in the previous section. If this happens, the value of fiat currencies will continue to fall […]
Stock Analysis – Hormel Foods

Stock Analysis – Hormel Foods

The following company analysis is about my latest investment Hormel Foods, one of the most popular investments in the dividend investing community. In the last couple of months Hormel Foods experienced a decent drop in its share and like almost every stock in the consumer sector underperformed the market. Company Overview Hormel Foods is based […]
Forex Strength And Comparison Week 43 / 2017

Forex Strength And Comparison Week 43 / 2017

In the Currency Strength table, the EUR was the strongest currency while the NZD was the weakest. There were some significant changes last week with the USD gaining 3 points, the CHF gaining 2 points, the NZD losing 3 points. The other currencies remained around the same level of last week with a maximum change in the […]
Emerging Markets: Week Ahead Preview – Oct. 23

Emerging Markets: Week Ahead Preview – Oct. 23

EM FX ended the week on a soft note. Indeed, nearly every EM currency was down for the entire week, led by ZAR, BRL, and TRY.  While higher US rates will pressure EM FX as a whole, we think heightened political risk will continue to hit these three currencies particularly hard, plus perhaps MXN too. […]
Growing Like A Tumor

Growing Like A Tumor

The Dow Jones this week closed at new all-time highs for each trading session, with Friday’s being the 70th new all-time high since last November’s election. That’s 70 of the 240 NYSE trading sessions since November 8th closing at a new all-time high; better than one day out of four (29%).  And it goes without […]
Another Minor Top?

Another Minor Top?

Last week’s projected minor top was very brief and shallow, and quickly followed by a 47-point rally to a new high. So far, the upside projections have worked well and have been spot on. This now brings us to the next minor top which should precede a better correction, but not necessarily “the” intermediate correction […]
Market Continues To Shake Off Any Bad News, Melts Higher And Higher

Market Continues To Shake Off Any Bad News, Melts Higher And Higher

Last week the S&P 500 shrugged off a string of what would normally be market-impacting negative news to once again move higher week over week. We’re talking about the rumors of potential Apple (AAPL) related iPhone demand concerns, a downgrade of Nike (NKE) shares by Goldman Sachs and a sharp cut to General Electric’s (GE) […]