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S&P 500 Snapshot: Up 1.53% From Last Week

S&P 500 Snapshot: Up 1.53% From Last Week

The S&P 500 plummeted on open Friday, but began climbing just before noon and continued to rise until closing 0.20% below Thursday. Year-to-date, the index is up 18.02%. The U.S. Treasury puts the closing yield on the 10-year note at 2.37%. Here is a daily chart of the S&P 500. Today’s selling puts the volume […]
Stock Markets Mueller’d As Yield Curve Collapse Continues

Stock Markets Mueller’d As Yield Curve Collapse Continues

So to summarize – the former national security chief agrees to testify against the sitting president and The Dow drops 40pts… China stocks were mixed with CHINEXT surging overnight but CSI300 ending at the lows (worst week in 2017)   Europe saw stocks and bond yields notably lower…   But for US equities, overnight weakness […]
Market Talk – Friday, December 1

Market Talk – Friday, December 1

Although Asian indices opened well on the back of a strong US session, they unfortunately could not hold the levels. Part of the reasoning was the tax Bill would be delayed and having seen the DOW blast through the psychological 24k level many were concerned this delay could threaten Thursday gains. The Nikkei was up […]
Market Reaction To The Flynn News… US Markets, Gold And Bitcoin

Market Reaction To The Flynn News… US Markets, Gold And Bitcoin

(Audio length 00:14:09) Doc is with me today to discuss his thoughts on the Michael Flynn news admitting he lied to the FBI. This news is also moving the equity markets and USD down and gold is up but not nearly as much as Bitcoin.
Stocks And Precious Metals Charts – Copping A Plea, Tax ‘Reform’, Non-Farm Payrolls

Stocks And Precious Metals Charts – Copping A Plea, Tax ‘Reform’, Non-Farm Payrolls

I was tempted to title this Red, White, And Screwed,  borrowing a phrase from comedian Lewis Black. Alas, I am not worthy. The markets tanked around 11 AM on the news that Michael Flynn is copping a plea to lying to the FBI as part of a deal that will have him providing testimony against peers […]
Two Measures Of Inflation And Fed Policy – Friday, Dec. 1

Two Measures Of Inflation And Fed Policy – Friday, Dec. 1

The BEA’s Personal Consumption Expenditures Chain-type Price Index for October, released yesterday, shows that core inflation remains below the Federal Reserve’s 2% long-term target at 1.45%. The most recent Core Consumer Price Index release, also data through October, is higher at 1.779%. The Fed is on record as using Core PCE data as its primary […]
Prepare For Massive Deficits As Far As The Eye Can See

Prepare For Massive Deficits As Far As The Eye Can See

Signs are the putative Republican “deficit hawks” are about to sign away whatever integrity they had. What are the implications for the deficit going forward, keeping in mind the fact we are near or at full employment. Figure 1: Federal budget balance without automatic stabilizers, as a share of potential GDP (blue), and Federal budget balance as […]
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                        Canada’s Economic Growth Slows As Exports Sink

E Canada’s Economic Growth Slows As Exports Sink

Today’s release of third quarter GDP estimates should stay the hand of the Bank of Canada. Following a strong first half of the year, the Canadian economy slowed dramatically to an annual rate of 1.7 % in the third quarter compared to 4.3% recorded in the second quarter. Most importantly, the composition of third quarter […]
Gold Juniors’ Q3’17 Fundamentals

Gold Juniors’ Q3’17 Fundamentals

The junior gold miners’ stocks have spent months grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling Trumphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn’t mislead them. The juniors recently reported […]
Why Amazon Stock Could Be Worth $2000 Soon

Why Amazon Stock Could Be Worth $2000 Soon

In the world of online retailing, having volume is key. Amazon.com has been growing its online sales faster than any other online retailer in the United States. Since the beginning of the year, Amazon shares (AMZN) have increased by 56%, compared to a 19% gain for the S&P 500. This helped bring up the net worth […]