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Sensex Trades In The Green; PSU Stocks Lead Gains

Sensex Trades In The Green; PSU Stocks Lead Gains

After opening the day on a positive note, share markets in India have continued the momentum and are trading comfortably above the dotted line. All sectoral indices are trading on a positive note. Stocks in the power sector and stocks in the PSU sector are leading the gains. The BSE Sensex is trading up by 83 points (up 0.3%), and the NSE Nifty is trading […]
Trading The French Elections With EUR/USD – 4 Scenarios

Trading The French Elections With EUR/USD – 4 Scenarios

The first round of the French Presidential elections is held on Sunday, April 23rd, and the stakes are very high. Opinion polls in the past week have been showing an open 4-way race. Any two of the four leaders can make it into the second round. Here is some background towards the highly anticipated race, followed by four scenarios. […]
Smart Vs Dumb Money – Which One To Opt For?

Smart Vs Dumb Money – Which One To Opt For?

If you are raising money, you may encounter the phrases ‘smart’ and ‘dumb money’, as a way to describe different types of investors. As an entrepreneur, you may wonder: which is better for me. Should I try to get smart or dumb money? The first thing to keep in mind is that typically capital seems […]
Trade Of The Year – Part II

Trade Of The Year – Part II

<< Read Part I: A Short History Of The Post-WWII Oil price, From A Technical Perspective  Is the Economy at the cusp of the next recession? Or maybe worse? Part II takes a look at the macroeconomic backdrop for the trade of the year. Spoiler alert- it’s not a pretty picture, but don’t think doom and […]
How Likely Is It That Both Stocks & Bonds Would Both Go Into A Bear Market At The Same Time?

How Likely Is It That Both Stocks & Bonds Would Both Go Into A Bear Market At The Same Time?

Won’t bonds correlate with stocks in a bear market next time round with rates at historically low levels and likely to go up? Written by Ben Carlson (awealthofcommonsense.com) That is a good question but before getting to my thoughts on how likely it is that both stocks and bonds crater together, let’s look at the historical track record of a […]
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                        The Philippine Peso Squeeze

HH The Philippine Peso Squeeze

In the first quarter, the Philippine peso depreciated against the US dollar. Internationally, this was attributed to President Duterte’s policies. In reality, it has a lot to do with the expected US rate hikes. But there is a reason why misguided geopolitics now overshadows Philippines. In the recent quarter, the Philippine peso depreciated by 0.88 […]
Gold Slips On Profit Taking

Gold Slips On Profit Taking

Gold prices edged lower on Monday as investors took profits from a recent rally that pushed the market to the highest level in five months. U.S. stock markets reversed some of the steep losses witnessed last week, making gold less attractive. Gold’s surge last week was fueled by heightened geopolitical risks and President Donald Trump’s […]
The Bear’s Lair: How Do We Fix Finance?

The Bear’s Lair: How Do We Fix Finance?

National Economic Council Director Gary Cohn, formerly President of Goldman Sachs, startled markets last week by suggesting that the United States should re-impose the Glass-Steagall division between commercial and investment banking. That is probably desirable on balance, but the U.S. and global financial system was already a mess when Glass-Steagall was removed in 1999. We […]
Gold Elliott Wave View: Pullback Completed

Gold Elliott Wave View: Pullback Completed

Short term Elliott Wave view in Gold (XAU/USD) suggests that cycle from 4/10 low (1246.92) is unfolded as an impulse Elliott wave structure where Minute wave ((i)) ended at 1257.2, Minute wave (ii) ended at 1250.8, Minute wave (iii) ended at 1279.75, Minute wave (iv) ended at 1271.69 and Minute wave (v) of (a) ended at yesterday’s peak 1295.6.  […]
After ‘Modest’ 250% S&P Returns, Corporate Pension Funding Levels Roughly Same As 2008

After ‘Modest’ 250% S&P Returns, Corporate Pension Funding Levels Roughly Same As 2008

We spend a lot of time writing about public pensions because the aggregate underfunding levels, $3 – $5 trillion on the low end, are simply staggering and at some point they will be realized for the ponzi schemes that they are and the systemic risk they represent to the global financial system. Until then we’ll […]