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Amazon Japan Raided For Antitrust Violations, “Cooperation Payments”

Amazon Japan Raided For Antitrust Violations, “Cooperation Payments”

There was a time when the phrase “cooperation payments” evoked images of burly, muscle-bound goons, walking around town, sometimes armed with a baseball bat but usually relying only on their reputation of being able to extract cold hard cash from local merchants in exchange for “protection”. This morning in Japan, it appears nothing has changed. […]
What Event Will Sink The Stock Market? Yields? Tariffs? Trump?

What Event Will Sink The Stock Market? Yields? Tariffs? Trump?

The answer is not yields, tariffs, war, famine, or Trump; although any of those could contribute to the selloff. Here is a Tweet discussion leading up to the correct answer which will likely surprise many. Goldilocks vs the Bears @LizAnnSonders @hussmanjp @biancoresearch @TheBubbleBubble @JeffSnider_AIP @Hedgeye Is Goldilocks in the room or out of the room? […]
Will Higher Mortgage Rates Kill The Housing Market?

Will Higher Mortgage Rates Kill The Housing Market?

U.S. Mortgage Rates have risen for 9 consecutive weeks, hitting their highest levels since January 2014. Source Data: Freddie Mac That certainly seems like a sharp increase, but is 4.46% high? Only when compared to recent history, which includes the all-time low in yields from November 2012 (3.31%). In a historical context, mortgage rates today […]
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                        Defying Economic Rationale, The U.S. Dollar Continues To Slide

E Defying Economic Rationale, The U.S. Dollar Continues To Slide

Given all the pro-growth policy developments over the past year, the US dollar’s steady tumble sticks out like a sore thumb. Over the past 12 months, the dollar has lost about 8% against a basket of currencies represented by its major trading partners. This should not be the case, according to conventional economic thinking. Figure […]
Beware The Ides Of March

Beware The Ides Of March

Traditional Markets The White House has named a replacement for its top economic advisor Gary Cohn who quit abruptly last week.  Larry Kudlow is the former Chief Economist of the famous Bear Stearns, whose demise a decade ago set off the financial crisis of 2008. Kudlow, of course, got out many years before that and has spent much […]
Forget The Trade War, Here’s The War That Really Counts For Boeing

Forget The Trade War, Here’s The War That Really Counts For Boeing

There’s an old business maxim that tells us “All business is war.” And the one company, more than any other, that’s currently bringing that maxim to life is The Boeing Co. (NYSE: BA). Indeed, to hear the experts tell it, Boeing is right now fighting two “wars.” There’s the so-called “order war” – the year-in, year-out skirmish Boeing […]
Markets Remain Mixed On Trade Worries

Markets Remain Mixed On Trade Worries

Asian shares struggled to find direction on Thursday afternoon as traders tried to make sense of the trade negotiations and the proposed U.S. tariffs that are concerning global leaders, business owners and investors. Japan’s Nikkei 225 was up 0.10 percent as of 2:16 p.m. HK/SIN after recovering from losses earlier in the session, and South Korea’s […]
Trade Wars, Gateways To Diminished Credibility And Economic Hardship

Trade Wars, Gateways To Diminished Credibility And Economic Hardship

As Jonathan Swift once noted: “There is nothing constant in this world but inconsistency.” That’s the operative motto for all things Trump, one that makes analyzing the gap between what he thinks and what he tweets much easier. Along those lines, my former boss from my Goldman Sachs days—Gary Cohn—just resigned from his White House post […]
How To Trade When You Get Conflicting Signals

How To Trade When You Get Conflicting Signals

The market is never 100% bullish or 100% bearish. There will always be some bullish factors and some bearish factors. Here’s what you should do when market signals conflict with each other. Remember that trading and investing is all about probability. There is no such thing as a “sure thing”. Some signals will override other […]
USD/CAD Daily Analysis – Thursday, March 15

USD/CAD Daily Analysis – Thursday, March 15

USD/CAD is testing the resistance at 1.3000. A breakout of this level would indicate that the upside movement from 1.2450 has resumed, then further rise towards 1.3100 area could be seen. Support is at the bottom trend line of the price channel on the 4-hour chart, only a clear break below the channel support could […]