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USD Cycle Update – Sunday, April 23

USD Cycle Update – Sunday, April 23

This Update will provide both a near term and long term update on the USD and where I think it stands in its short and long term cycles. My first two charts are the same near term daily chart. The first provides my cycle counts for the past 6 Trading Cycles. The second shows a […]
Can The Electric Grid Handle Self-Driving Electric Trucks?

Can The Electric Grid Handle Self-Driving Electric Trucks?

In response to some of my recent posts on self-driving and electric vehicles, several readers asked if the electric grid could handle the increase. Other readers flat out stated the electric capacity was insufficient. What’s the real story? An electrical engineer in the utility industry emailed his thoughts in a pair of emails yesterday. Mish, I […]
French Fate And British Snaps

French Fate And British Snaps

We are back from the vacation just in time for the biggest political event of 2017: the French elections. We look at the potential market reactions and the probabilities of the various scenarios. We cross the channel for more election news from the UK and discuss the impact on the pound before previewing a busy week. […]
Dogs Of The Dow Falling Further Behind

Dogs Of The Dow Falling Further Behind

It has been several months since updating the performance of the Dogs of the Dow investment strategy. The strategy is one where investors select the ten stocks that have the highest dividend yield from the stocks in the Dow Jones Industrial Index (DJIA) after the close of business on the last trading day of the year. Once […]
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                        Macro-Concerns Dominate The Trading Week As Volatility Takes Center Stage

E Macro-Concerns Dominate The Trading Week As Volatility Takes Center Stage

It’s enough to make you close up shop and seek out a new career if you’re a portfolio or hedge fund manager. I say that tongue and cheek of course, but next week will prove to be quite interesting if you have been reading the headlines and/or listening to what the major media outlets have […]
Politics And Economics In The Week Ahead

Politics And Economics In The Week Ahead

The results of the French presidential election will be known prior to the open of the Asian session. No doubt the outcome will spur an initial knee-jerk reaction, but barring an outright victory for Le Pen, which seems highly unlikely, or the left candidate Melenchon coming in second place, which also seems improbable, the market’s reaction […]
EUR/USD:Recovers, Threatens Further Upside Pressure

EUR/USD:Recovers, Threatens Further Upside Pressure

EUR/USD: With the pair retaining its upside pressure, more strength is expected. Resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. Conversely, support lies at the 1.0650 […]
The Week Ahead: Hard Reality For The US And UK Economies?

The Week Ahead: Hard Reality For The US And UK Economies?

The last week of April starts with the echoes from the French elections and continues with key economic data. A rate decision in Japan precedes the first GDP releases from the UK and the US. As voters are getting ready in Britain, will they finally see some of the negative effects of Brexit? In the […]
Economic Events Of The Coming Week – Sunday, April 23

Economic Events Of The Coming Week – Sunday, April 23

Monday: Markets will price in the results of the first round of the French elections. The IFO Survey will see light in Germany. Tuesday: March New Home Sales data will see light in the U.S. The Conference Board’s Consumer Confidence Index for April will also see light in the U.S., as well as April’s Richmond Fed Manufacturing […]
Gold Stays Stubborn Whilst Silver Slips Under

Gold Stays Stubborn Whilst Silver Slips Under

Our last two weekly missives have highlighted Gold’s being technically “high” near-term, (yet fundamentally undervalued — understatement — in the broadest sense). And as the above panel shows, Gold remains higher than where ’twas at this time a year ago (1236), settling out the week on Friday at 1286 for a year-to-date gain of 11.6%. One might […]