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Archives by Year:
6,000 Is In Bitcoin’s Crosshairs
I’ve a feeling that the hammer low of 6,000 will be retested on BITCOIN, as shown on the weekly chart below. From price action on this timeframe, it appears that measured selling has been occurring ever since it nearly reached 20,000. Also, 6,000 is the approximate median level of a downtrending channel on the daily timeframe. Price has fallen back into this channel after […]
Yen Falls As Market Mood Brightens, US Dollar Eyeing Jobs Data
The Japanese Yen underperformed in Asia Pacific trade. A status-quo BOJ monetary policy announcement barely registered, with the anti-risk currency falling as markets celebrated the sudden possibility of an accord between North Korea and the United States. South Korea’s National Security Council chief Chung Eui-yong said Kim Jong Un is now committed to denuclearization and will not conduct further arms […]
E Market Briefing For Friday, March 9
Protecting and revitalizing American industry has not only been the ‘topic du jour’ this week; but a backbone of Trump’s entire legitimization, as related to his candidacy; and even he knows it. The assault on once gullible manufacturers (or manipulated steadily even by a US Chamber of ‘foreign’ Commerce as I used to call it […]
EC The U.S. Has A Huge Merchandise Surplus With China (And That’s Okay)
I have a huge trade imbalance with Wal-Mart. Huge. I spend hundreds of dollars on groceries and other items every month, but never—not once—has Wal-Mart ever bought something from me. Maybe I should stop shopping at Wal-Mart as a way of sticking it to them. Or not. My trade imbalance with Wal-Mart makes me better off. I actually […]
Trade As A Percent Of GDP: Deglobalization May Not Be All It Is Cracked Up To Be
Ruchir Shama had a NYT column warning about the risks of a trade war from the tariffs Trump is imposing on steel and aluminum imports. At one point the piece tells readers about rising protectionism across the world and says that as a result, “trade has yet to recover to its pre-crisis level.” The measure of trade […]
Consumer Confidence Soaring But Spending Growth Is Modest
Consumer Confidence Irrelevant Many bearish investors have used the heightened consumer confidence reports to justify their negativity. They want to fade the optimism because when euphoria occurs, it’s usually followed by despair. I certainly agree with this mindset when it comes to the consumer’s opinion on the stock market over the next year. We saw […]
Of Bandhan Bank’s IPO, GST Updates, And Top Cues In Focus Today
Share markets in India closed on a positive note yesterday. Barring metal stocks, healthcare stocks & FMCG stocks, all sectoral indices ended the day in green with capital goods stocks, realty stocks and bank stocks leading the gainers. At the closing bell yesterday, the BSE Sensex finished higher by 318 points. While, the NSE Nifty […]
Whistling Past The Graveyard
That was quick. The trade war scare was over by noon yesterday, and by the market close they were singing “Gary Cohn, we hardly knew ya”. Folks, what more evidence do you need that the financial markets are completely uncoupled from reality and that these feeble bounces between the 50-day and 20-day chart points are essentially the rigor mortis of […]
Conventional Portfolios Have Never Faced Greater Loss Prospects
The mainstream response to falling interest rates over the past decade has been to increase stock weightings in the hopes that capital gains and dividends will support more income than guaranteed deposits can provide. But at the most extreme security valuation levels in history, this approach is designed to be financially devastating, especially to those […]
EIA Data Cannot Spark Natural Gas Volatility
Natural gas prices settled down three-quarters of a percent today, again not seeing all that large of a trading range but trading outside the even tighter range of yesterday. The result was another tick lower in the average prompt month daily trading range, which sits below 5 cents for the first time in at least […]
