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Indices Stage Intraday Recoveries In Wide Range Day

Indices Stage Intraday Recoveries In Wide Range Day

Volatility took a tick higher with profit taking sweeping across the broad before buyers zipped it all back up. Trump’s Russian investigation will add a level of uncertainty to the Tax Cut rally and markets may take another trip into Friday’s intraday low; should markets deliver a lower close Monday then it could turn into […]
Long Crude Becomes Even More Crowded: CFTC

Long Crude Becomes Even More Crowded: CFTC

Looking at this week’s COT report, short crude oil and short Swiss franc remain in extreme territory. This is shown below: CFTC COT (futures & options combined) – November 28, 2017 Source: CFTC, MarketsNow Notable extremes are bolded, and are highlighted when speculator positioning is more than two standard deviations above historical trailing 1-year and […]
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                        The Complex Source Of Germany’s Huge Current Account Surplus

E The Complex Source Of Germany’s Huge Current Account Surplus

“In the case of Germany, as in any surplus country, savings may be too high, but investment also may be too low. And while both factors reflect the behavior of individual households, firms, or the government, large surpluses, more often than not, are a result of high saving rates among households in aging societies. That […]
Market Forecast For 2018: More Volatility & Political Uncertainty

Market Forecast For 2018: More Volatility & Political Uncertainty

In last year’s market outlook for 2017, I anticipated a rise of around 11% in U.S. equities, in general, to place the S&P 500 Index at just above the 2400 level by the end of the year (my post was written on December 1, 2016, so my calculations and forecast hadn’t incorporated a further 80-point […]
TV’s Cry For Help

TV’s Cry For Help

Welcome to the TV industry’s latest bit of magic … prestidigitalization. It’s a new twist on the old sleight-of-measurement trick. Here’s how it works. You buy TV the old-fashioned way because, well, that’s how you buy TV. The ratings suck. You want to pay less because you’re getting less. TV says, “You’re not getting less. […]
GBP/USD Forecast Dec. 4-8 2017

GBP/USD Forecast Dec. 4-8 2017

GBP/USD made a break to higher ground on growing hopes for a Brexit breakthrough on all fronts. PMIs stand out in the upcoming week, which is quite busy. Here are the key events and an updated technical analysis for GBP/USD. Hopes for a deal on the divorce bill in the Brexit negotiations sent the pound to the highest […]
Amazon Strikes Again: CVS To Buy Aetna For $69BN In Year’s Largest Deal, “Reshaping Health Care”

Amazon Strikes Again: CVS To Buy Aetna For $69BN In Year’s Largest Deal, “Reshaping Health Care”

A deal that was months in the making is finally official, with Aetna’s board of directors approving on Sunday the health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock, in a deal worth $67 billion, multiple news sources reported on Sunday afternoon. The purchase price represents a premium of […]
Monday Morning Kickoff: A Market Priced To Perfection

Monday Morning Kickoff: A Market Priced To Perfection

Last week we closed the books on November and turned the calendar to December, thereby kicking off the seasonal race to the holidays and closing out the year. For November, all the major market indices closed up between 2.2%-3.8%, with the highest being the Dow Jones Industrial Average and the lowest the Nasdaq Composite Index. […]
Apple Set To Witness A “Super Long Cycle” Per Piper Jaffray

Apple Set To Witness A “Super Long Cycle” Per Piper Jaffray

Apple Inc’s (AAPL – Free Report) radically overhauled iPhone X was anticipated to be a super cycle and it seems like it is turning into one. Going a step ahead, Piper Jaffray analyst, Michael Olson in his research titled “Why AAPL Can Keep Working: ‘Super Cycle’ Is Now ‘Super Long Cycle” has stated that, “this could well […]
GBPUSD Weekly Analysis – December 3, 2017

GBPUSD Weekly Analysis – December 3, 2017

GBPUSD extended its bounce from the rising trend line on the daily chart to as high as 1.3549.  A further rise to test 1.3657 resistance would likely be seen next week. A breakout of this level will confirm that the uptrend from 1.1946 (Oct 2016 low) has resumed, then the next target would be at […]