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Archives by Year:
Stocks Are Suddenly Tanking…
Weak-Dollar outflows? Trade Wars? Or Pension-fund outflows? Take your pick, but stocks are getting slammed… The weakness seemed to start around Wilbur Ross’ comments on China’s “Direct Threat” but has extended as Pension flow concerns rise… A lot of the stock drop was catch-down to bond/dollar reality… Of course the NYSE breaking did not help… […]
Subdued New Zealand Consumer Price Index (CPI) To Tame NZD/USD Rally
Trading the News: New Zealand Consumer Price Index (CPI) New Zealand’s Consumer Price Index (CPI) is expected to hold steady at an annualized 1.9% during the last three-months of 2017, and signs of subdued price pressures may undermine the recent appreciation in NZD/USD as it encourages the Reserve Bank of New Zealand (RBNZ) to keep the cash […]
The (Suddenly Weak) Dollar Is Back In The Spotlight
For the past few years the “strong dollar” has been so central to the global financial story – enabling ever-lower interest rates and ever-higher financial asset prices pretty much everywhere – that it’s easy to forget how illusory “strength” is for fiat currencies. Since mid-2017 that illusion has been evaporating, as the dollar falls (both […]
Jerome Powell confirmed as the Fed’s next chairman
The US Senate has voted with a sizable majority of 84-13 to confirm Jerome Powell as the next chairman of the Federal Reserve. Powell, who has held a position on the board of governors since 2012, will take over from his predecessor, Janet Yellen, in early February. In contrast to some more radical frontrunners for […]
How To Save For & Spend In Retirement
You are the CEO of your money – at the end of the day, managing your money is your job, and you’ve got important decisions to make. Your ability to manage finances is critical to determining what your future will look like. One big part of this is figuring out where you should save and […]
Housing Resales And The Reluctance To Sell
The National Association of Realtors (NAR) reported that sales of existing homes, or resales, declined sharply in December 2017. Falling 3.6% from November (revised lower), that merely suggests what other data has been pointing toward. The hurricanes that hit the South caused distortions in economic conditions, bunching up activity into especially October and November. The […]
Down The Drain
My broad disposition these days is (a) bearish bonds (b) bullish precious metals (c) WTF on equities. I will say, however, there are select equity sectors that I think are still able to (gasp) descend. One of them is real estate. The ETF below illustrates this nicely; it is the triple-bullish fund based on real estate, and as you can see, […]
Publicis, WPP Slide After Goldman Downgrades, P&G Ad Budget Cut
Shares of Publicis Group (PUBGY) and WPP (WPP) are trading lower again this morning, deepening their slide after Goldman Sachs analyst Lisa Yang downgraded the stocks to Neutral yesterday. Also yesterday Procter & Gamble (PG) said it is cutting the company’s advertising budget and reducing the number of agencies it uses by 50%. GOLDMAN MOVES […]
Understanding The CFNAI Components – Wednesday, January 24
The Chicago Fed’s National Activity Index, which we reported on yesterday morning, is based on 85 economic indicators drawn from four broad categories of data: Production and Income Employment, Unemployment, and Hours Personal Consumption and Housing Sales, Orders, and Inventories The complete list is available here in PDF format. In this morning’s Chicago Fed update, we learned that […]
Ray Dalio Predicts A Market Blowoff Rally
This week, the global elite are gathered in Davos for the annual World Economic Forum. Headlines are already being made from fears of protectionism/tariffs to support of a weak US Dollar. Bridgewater Associates founder Ray Dalio has been making the rounds on CNBC and Bloomberg and he’s making it clear that he believes that the tax cut could lead to […]
