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Michigan Consumer Sentiment: March Final Highest Since 2004

Michigan Consumer Sentiment: March Final Highest Since 2004

The University of Michigan Final Consumer Sentiment for March came in at 101.7, up 1.7 from the February Final reading of 99.7. Investing.com had forecast 101.9. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment at month’s end was marginally below the mid-month reading due to uncertainty about the impact of the proposed […]
Microsoft (MSFT) And Lockheed Martin (LMT): Growth And Income Stocks

Microsoft (MSFT) And Lockheed Martin (LMT): Growth And Income Stocks

Video Length: 00:05:15 This week I discuss Microsoft (MSFT – Free Report), and Lockheed Martin (LMT – Free Report) both of which have recently received positive long-term growth catalyst news. While each has done well as of late, these new drivers are expected to influence both top and bottom line expectations for the next several years.  A recent Morgan Stanley note stated that Microsoft (MSFT […]
Stocks And Precious Metals Charts – The End Of The First Quarter

Stocks And Precious Metals Charts – The End Of The First Quarter

Stocks managed to end the first quarter in very quiet trading with an afternoon rally. Oh, well done. Gold, silver, and the US Dollar were largely unchanged. Bloomberg says that the Treasury Yield curve is the flattest it has been since 2007. You don’t see that every day. lol. Happy Easter. Have a pleasant weekend. […]
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                        The Yuan-Oil Future And Gold

HH The Yuan-Oil Future And Gold

“There can be little doubt that the introduction of the yuan-denominated oil future has been a major strategic step for China” Trading in the new Shanghai oil future commenced last Monday, and on the first three days trading there were 151,804 contracts traded with a turnover value of 65bn yuan. It is the first futures […]
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                        Price Rules, Your Opinion Drools

E Price Rules, Your Opinion Drools

I am amazed at all the punditry happening this month as the stock market does exactly what the stock market should do. That is, make as many people as uncomfortable as possible. That means all rules still apply. Sure, maybe some of them must adapt to a world full of derivatives and a zillion ways […]
The Bond Market Will Make The Fed Change Course

The Bond Market Will Make The Fed Change Course

Craig Hemke joins me for another look at the bond market. We have been chatting a lot about the rollover in long-term yields but that is because it might be the telling sign of what is to come. With all the work of the Fed to try to raise the long end the last few […]
Tesla’s Worst Month

Tesla’s Worst Month

March was Tesla’s (TSLA) worst-performing month since its IPO in June 2010, as shown on the following monthly chart. The March candle closed just above a medium-term 50% Fibonacci retracement level and below a long-term -50% Andrew’s Pitchfork channel line. We may see price decline further to the bottom of the pitchfork where it converges with the 60% Fib level at 236.00. Inasmuch as the momentum […]
Bond Yields Crash, Is The S&P 500 Next?

Bond Yields Crash, Is The S&P 500 Next?

If the 30yr interest rates continue to trade lower in the futures market, the yield curve will flatten because of the Federal Reserve raising of short-term interest rates. If the Fed continues to raise interest rates, and the /ZB continue to rally, the equity indicies will crash. Video Length: 00:03:05
And They Are Still Hoarding Silver

And They Are Still Hoarding Silver

This year, up to now, JP Morgan has hoarded as many as 20.4 million ounces of silver in its COMEX warehouse:   source: Simple Digressions Interestingly, the JPM warehouse has been reporting higher silver stocks since 2015 (no matter at what price the silver was trading). If they continue hoarding silver at the same pace as in […]
Stocks: The Short-Term Trend

Stocks: The Short-Term Trend

I think we have a new short-term uptrend, although it seems fairly weak.  The SPX equal-weight closed above the 5-day, and the number of new 52-week lows dropped way down into the harmless range.  It is a qualified uptrend, though, because it is probably within a sideways range meaning that the uptrend will soon find […]