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Archives by Year:
Global Market Cap Hits $50 Trillion For The First Time Ever As All Eyes Turn To Trump Tax Plan
After two days of back to back triple digit gains in the Dow for the first time since the election, overnight the torrid rally has faded, with European shares and U.S. stock futures little changed ahead of Trump’s big unveil of his much anticipated tax cut plan as investors seek new impetus for a flagging […]
If You Own Just One Pharma Stock, Make It This
As I’ve said before, buying a drugmaker stock with true billion-dollar “blockbuster” potential is like grabbing a license to print money. Of course, it’s always at least possible to grab these shares on their way up, but that’s a little like fixing the barn door after the horses have bolted. For the biggest possible pharma […]
Dollar Stabilizes Ahead Of Trump And ECB
The US dollar was marked down in response to the French election and saw some follow through selling yesterday, but the momentum had slowed, and now it is stalled. The greenback is posting upticks against nearly all the major currencies. There is a good reason to be cautious. We have mentioned it before, but think it is important that speculator […]
Above The 40 – The S&P 500 Follows Through And Scratches Overbought Levels
AT40 = 67.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.1% of stocks are trading above their respective 200DMAsVIX = 10.8 (volatility index)Short-term Trading Call: bullish CommentaryThe French Fly continued apace as financial markets continued to celebrate. In The French Fly, I failed to post a chart of the iShares MSCI France (EWQ). […]
Stock Markets At All Time Highs, EURJPY 4.1% Up This Week
USDJPY continues its wild rise touching 111.40 highs so far. Notably, the USDJPY was at 109 on Friday. Nevertheless, Reduced concerns over the French Presidential elections in combination with strong US data and optimism regarding Trump’s expected tax reform announcement today, kept the pair in high demand, as well as stock markets. Overnight positive earnings […]
London Property Crashed 40% Thanks To Tax Increase
The London housing market has crashed to its lowest level now since 2013. We reported in November 2015 with the turn in the ECM on 2015.75 that the London property market peaked. Landlords are joining together to challenge the Conservative’s (i.e. Tory’s) tax hike by filing a suit in the high court against their tax increase on “buy-to-let” investment properties. In July […]
When Restrictions On House-Building Meet Growing Demand: Interview With Joseph Gyorko
For a few years now, Joseph Gyourko has been doing research and writing essays with a focus on housing supply, and in particular, how a collision between local restrictions that hinder home-building combined with growing demand in those localities lead to differences in prices. In an interview with Hites Amir, Gyourko lays out these views […]
USD/JPY Bullish Breakout Above Bull Flag Pattern At 110
USD/JPY 4 hour Yesterday the USD/JPY broke as expected above the 110 resistance (dotted red) of the bull flag chart pattern. Price has continued with its bullish extension in wave 3 (brown) and has now arrived at the 261.8% Fibonacci target which could create a potential retracement. 1 hour The USD/JPY breakout above resistance (dotted […]
Trump Just Imposed A New Tax On Lumber
There are a lot of news reports today about Trump’s decision to impose stiff tariffs on American companies (home builders) who buy Canadian lumber, here is a sample: “Trump slaps first tariffs on Canadian lumber,” “Tariff on Canadian lumber sends a stern message,” “Trump Administration To Impose 20 Percent Tariff On Canadian Lumber,” and “Trump […]
The Euro Is Stronger Than You Think
from Daily Reckoning by James Rickard The euro is the currency of the largest economy in the world, but it gets little respect. The break-up of the Eurozone (those EU countries that use the euro as their currency), and the collapse of the euro have been predicted repeatedly since 2009 by prominent U.S. economists Paul Krugman, Joe […]
