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                        Despite Concerns About Brexit, Terrorism And Immigration, Euro Zone’s Economy Has Visibly Improved

E Despite Concerns About Brexit, Terrorism And Immigration, Euro Zone’s Economy Has Visibly Improved

“The Eurozone’s outlook has improved markedly since the start of the year. Momentum from the first quarter seems to have extended to Q2 based on strong manufacturing and services purchasing managers indices. The composite PMIs in both Germany and France jumped to six-year highs in May…Eurostat data shows employment rising to an all-time high in […]
What’s The Biggest Tail Risk? CBs, Bond Market Crash, Or ETF/Quants

What’s The Biggest Tail Risk? CBs, Bond Market Crash, Or ETF/Quants

To be sure, it’s tempting to chuckle wryly when central banks talk about financial stability. After all, pretty much anyone you care to consult will tell you that central banks themselves are now far and away the greatest risk factor when it comes to markets and more than a few commentators are steadfast in the […]
Japanese Yen Gains As Markets Start The Week In A Sour Mood

Japanese Yen Gains As Markets Start The Week In A Sour Mood

Talking Points: Yen gains as sentiment sours at the start of the trading week S&P 500 index futures point to continued risk aversion ahead US political volatility a threat amid NAFTA renegotiation The Japanese Yen edged up in otherwise quiet Asia Pacific trade. The perennially anti-risk currency edged higher, seemingly looking past a mixed performance across regional bourses […]
Gold And Miners Finally Bust Out

Gold And Miners Finally Bust Out

As I wrote on August 24th regarding junior miners, “…as I look at the miners, I’m seeing signs of life. If you believe the breakout is meaningful and want to amp up your commitment, a good way to do it would by via the triple-bullish ETF symbol below, which itself has had a clean breakout from a rather […]
Indian Indices Continue Momentum; IT Sector Up 1.4%

Indian Indices Continue Momentum; IT Sector Up 1.4%

After opening the day higher, stock markets in India have continued their momentum. Sector indices are trading on a positive note with stocks in the realty sector and IT sector witnessing maximum buying interest. The BSE Sensex is trading up 148 points (up 0.5%) and the NSE Nifty is trading up 48 points (up 0.5%). The BSE Mid Cap index is trading up by 0.9%, while the BSE […]
Teladoc Jumps After Winning Federal Employee Program Contract

Teladoc Jumps After Winning Federal Employee Program Contract

The Blue Cross and Blue Shield Service Benefit Plan, also known as the Federal Employee Program, has selected Teladoc to provide general medical and behavioral health services for the 2018 benefit year, the company announced earlier in a press release. Teladoc shares are up 11%, or $3.30, to $33.15 in midday trading. The Federal Employee […]
Trade Deficit Increases Slightly

Trade Deficit Increases Slightly

The trade deficit in July increased by 1.7% to -$65.1 billion vs an Econoday consensus estimate of -64.1 billion. The Census Bureau revised June slightly, to -64.0 billion from -63.9 billion. Third-quarter GDP is off to a slow start, at least for international trade in goods where the July trade gap widened more than $1 billion to […]
Spot Gold Spikes Above $1300 To Highest Since Election

Spot Gold Spikes Above $1300 To Highest Since Election

While Dec gold futures broke above $1300 overnight (and are spiking above $1310), spot gold prices just broke above $1300 to the highest price since Trump’s election. Since Friday’s close, before the worst of Harvey hit, gold is the best performing asset with bonds, dollar, and stocks slightly lower.
Gold/Dollar – Monster Breakout Test In Play

Gold/Dollar – Monster Breakout Test In Play

The Gold/Dollar chart below reflects that Gold was much stronger than the U.S. Dollar (US$) from 2001 until 2011. Since 2011, the US$ has been stronger than Gold, as the ratio has declined for six years. Is it time for the worm to turn (Gold stronger than US$)? The ratio below reflects a big test […]
Everything You Need To Know For September – MM #157

Everything You Need To Know For September – MM #157

The summer lull is about to end and Jackson Hole provides a hint for things to come. The calendar is packed with known events and a lot of known unknown events, such as the nomination of a new Fed Chair. We preview all the big events you need to know about. Jackson Hole: What can […]