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Updated Geometric Analysis On Bitcoin/US Dollar, Including Parabolic Channel Analysis

Updated Geometric Analysis On Bitcoin/US Dollar, Including Parabolic Channel Analysis

Short-Term/Daily:            Bitcoin should continue to move higher off cumulative average support. Matching support from the top of Wednesday, November 29 is also given from parabolic channels. Intermediate-Term/Weekly: Continued bull market expected. Upside target of $17,000 once we see bullish confirmation. That will complete an inverted parabolic move.  SHORT-TERM VIEW: Bitcoin found support around a […]
What Is Behind China’s Bond Rout?

What Is Behind China’s Bond Rout?

Until a modest dip in Chinese bond yields in the past two days, 10y CGB and 10y policy bank bond yields soared by 40bps and 70bps, respectively, over the last 2 months. In fact, Chinese government notes are headed for the worst selloff since 2013, with the 10-year yield surging 86bps this year to 3.92%, and […]
Market Volatility Rises After Flynn Guilty Plea – A Sign Of Things To Come?

Market Volatility Rises After Flynn Guilty Plea – A Sign Of Things To Come?

On today’s edition of Market Week in Review, Consulting Director Todd LaFountaine and Mark Eibel, director, client investment strategies, discussed market reaction to U.S. tax reform efforts as well as former U.S. National Security Advisor Michael Flynn’s guilty plea. Markets pleased by tax reform bill, unnerved by Flynn news The U.S. Senate’s efforts to pass […]
The Reason Not To Sweat The 2018 Stock Market Drawdown

The Reason Not To Sweat The 2018 Stock Market Drawdown

This has been a smooth year for the S&P 500. So smooth, in fact, that so far this year, the market has had one of the smallest drawdowns ever. A drawdown is measured from any high and low during the year, indicating the maximum amount prices could have fallen in each year. Throughout 2017, it has […]
Ever-Flowing Streams

Ever-Flowing Streams

Markets started the session wobbling between positive and negative; waiting for word on tax legislation. Then a political bombshell dropped. The major averages hit their session lows on the report, with the Dow Jones industrial average briefly dropping 350 points. Mike Flynn, former National Security Adviser, pleaded guilty to one count of lying to the FBI about […]
Real Disposable Income Per Capita Gains In October

Real Disposable Income Per Capita Gains In October

With the release of yesterday’s report on October Personal Incomes and Outlays, we can now take a closer look at “Real” Disposable Personal Income Per Capita. At two decimal places, the nominal 0.39% month-over-month change in disposable income was trimmed to 0.25% when we adjust for inflation. The year-over-year metrics are 2.52% nominal and 0.92% real. […]
If Tax Bill Fails, How Far Over Our Skis Are We?

If Tax Bill Fails, How Far Over Our Skis Are We?

If the GOP tax bill fails, how far over its skis is the current stock market? CNBC’s Jim Cramer says 500 points will come off the Dow instantly. Others more or less concur. Even Treasury Secretary Steve Mnuchin warned that if a tax bill is not passed, market participants can expect a major pullback in […]
Fertilizer Industry Gaining Stability: 3 Stocks To Buy Now

Fertilizer Industry Gaining Stability: 3 Stocks To Buy Now

The fertilizer industry is showing signs of stability of late, taking succor from improved pricing and demand dynamics for certain major crop nutrients and a firming farm economy. While still-weak agricultural commodity prices remain a roadblock, strong usage in major consumer markets is driving demand for primary crop nutrients. Needless to say, the ever-growing world […]