Archives by Month:

Archives by Year:

Fear Has Left The Building

Fear Has Left The Building

Although the S&P 500 finished the session with the biggest decline in nearly two months, the fact that the venerable index didn’t fall 3% yesterday meant a new record for the longest period of time without a 3% correction in the stock market. According to Ryan Detrick, Monday marked the 242nd trading day without a […]
Trump May Reappoint Yellen As Fed Chair After All

Trump May Reappoint Yellen As Fed Chair After All

Candidate Donald Trump was none too kind to current Federal Reserve Chair Janet Yellen during his 2016 campaign. However, the President’s tone with regards to Yellen and Fed policy has been softening since his election. Trump met one on one with Yellen and other top contenders last week and now appears quite open to the […]
Richmond Fed Manufacturing: Activity Remains Positive In October

Richmond Fed Manufacturing: Activity Remains Positive In October

Today the Richmond Fed Manufacturing Composite Index was at 12 for the month of October, down from last month’s 19. Investing.com had forecast 17. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 15.0, which indicates expansion. The complete data series behind today’s […]
Graphic Packaging Forms Partnership With IP’s Consumer Packaging Unit

Graphic Packaging Forms Partnership With IP’s Consumer Packaging Unit

Graphic Packaging (GPK) said it will create a $6B paper-based packaging company by forming a new partnership comprised of Graphic Packaging’s existing businesses and International Paper’s (IP) North America Consumer Packaging business. Graphic Packaging will own 79.5% of the partnership and will be the sole operator. International Paper will own 20.5% of the partnership, equivalent […]
Billion Dollar Unicorns: Atlassian Hits A New High

Billion Dollar Unicorns: Atlassian Hits A New High

Photo Credit: Dmitry Baranovskiy/Flickr.com In December 2015, legitimate Billion Dollar Unicorn and collaboration software maker Atlassian (NASDAQ: TEAM) had a successful IPO that valued it at $5.8 billion, and today its stock is trading in the public market at almost double that valuation. Atlassian’s Financials In its most recent first quarter results, Atlassian had a strong quarter beating analyst […]
Some Thoughts About The Kiwi

Some Thoughts About The Kiwi

The New Zealand dollar continues to fall in the wake of the electoral results. While most other high income economies appear to be shifting to the right, New Zealand has lurched to the left.   A look at the New Zealand dollar’s performanceand one might conclude that investors are scared. Today’s 0.6% decline in the Kiwi, brings the loss […]
NZD/USD’s Bearish Movement Extended To 0.6931

NZD/USD’s Bearish Movement Extended To 0.6931

NZD/USD extended its downside movement from 0.7557 to as low as 0.6931. Further decline would likely be seen after a minor consolidation and next target would be at 0.6817. NZD/USD Daily Chart On the 4-hour chart, the NZD/USD pair traded within a bearish price channel. The price just bounced off the bottom trend line, suggesting […]
Why One Trader Thinks The ECB Is About To Send The Euro Sliding

Why One Trader Thinks The ECB Is About To Send The Euro Sliding

Don’t assume the euro will rally when the ECB makes its expected “hawkish” announcement of QE taper plans, according to Bloomberg FX commentator Vassilis Karamanis. In fact, there’s an argument for the opposite occurring. Karamanis explains why the most anticipated move in the markets on Thursday may again be a fade. Euro Bears May Get […]
Real Toppy

Real Toppy

I’ve presently got fifty-seven different equity short positions. That sounds insane given what the market is doing, but there you have it. I wanted to share a few of them form the real estate sector that I think are particularly intriguing:  
USD/CAD Marches To Monthly Highs Ahead Of BoC

USD/CAD Marches To Monthly Highs Ahead Of BoC

Tomorrow brings a Bank of Canada rate decision, and this brings some light to what had been one of the strongest USD-trends in 2017. When the Bank of Canada hiked interest rates for the first time in over seven years in July, the Canadian Dollar drove on a spate of strength that lasted for the […]