Archives by Month:
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
The Trump Trade Dump – Why It’s Coming Soon
The Donald’s twitter-finger wasted no time Monday morning slinging another verbal dart into the bull (market). Even though the talking heads will likely deny it until the cows come home, too, the stock market is hovering at its current insanely over-valued levels owing to the fantasy of a big corporate rate cut. But it’s not happening because the GOP can’t agree on a […]
Gold: Weakens On Failed Follow Through Higher
Gold: The commodity now faces further weakness after failing to follow through higher on the back of its Monday gains. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards […]
Abe’s Victory And Gold
On Sunday, Abe won the snap election in Japan. What does it mean for the gold market? Over the weekend, the general election to Japan’s House of Representatives took place. The Liberal Democratic Party coalition won, gaining 284 seats, while the Komeito got 29 seats. It means that the ruling coalition won 313 seats combined […]
Is The Shape Of The U.S. Treasury Yield Curve Warning That A Recession May Be Imminent?
Back in the 1980’s when working as a municipal bond analyst, I would keep investors informed about the shape of the tax-free yield curve! If the yield curve was positive and steep, or in other words a significant difference between short and long-term yields, then investors would be getting compensated for taking on the additional […]
Strange Things Happening In The Paper Gold Market
Back in September, the hedge funds that speculate with gold futures contracts got extremely bullish, which – since speculators are usually wrong when they’re overexcited – was a signal that gold would be going down for a while. It did: Then things departed from the usual script. A falling gold price tends to make trend-following […]
EC China’s Political Tea Leaves
The 19th Party Congress in China is winding down. President Xi was the core leader before the Congress, and his priorities drove the agenda for the past five years. Expectations for a dramatic shift in policy or priorities seem unfounded. There is declaratory policy and operational policy, and much of the speeches and analysis have focused on the former. What […]
Tractor Supply Company: Wedgewood Capital Sees No Threat From Amazon
Wedgewood Capital is bullish on Tractor Supply Company (Nasdaq: TSCO), an 80-year old rural lifestyle retail store chain in the U.S. In its 2017 Q3 investor letter (a copy of which can be download here), Wedgewood Capital discussed its investment thesis on Tractor Supply, saying that the retail market in the U.S. is a “monstrous” and […]
An Unexpected (And Rotten) Branch Of The Maestro’s Legacy
The most significant part of China’s 19th Party Congress ended in the usual anticlimactic fashion. These events are for show, not debate. Like any good trial lawyer will tell you, you never ask a question in court that you don’t already know the answer to. For China’s Communists, that meant nominating Xi Jinping’s name to […]
‘The Automatic Flow That Poses The Most Immediate Risk Is VIX ETPs’: Goldman Takes On The ‘Doom Loop’
One of the most important questions for markets going forward is whether the presence of systematic strats and the proliferation of VIX ETPs will ultimately conspire to create what we’ve variously described as “the doom loop.” We’ve written copious amounts of posts about this dynamic which you can peruse at your leisure here. When stripped of […]
Healthcare ETFs Set To Soar As Q3 Earnings Unfold
Thanks to encouraging industry trends and hopes of a favorable policy environment, healthcare is one of the top-performing sectors this year. Notably, popular ETFs like Health Care Select Sector SPDR Fund (XLV – Free Report), Vanguard Health Care ETF (VHT – Free Report), iShares U.S. Healthcare ETF (IYH- Free Report) and Fidelity MSCI Health Care Index ETF (FHLC – Free Report) have gained at least 23% […]
