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The Correlation Between Gold, USD, And The 10 Year Yield

The Correlation Between Gold, USD, And The 10 Year Yield

Jordan Roy-Byrne joins me today to outline the recent movements in gold, the USD, and treasuries. After the strong upward move by gold last week people were thinking we could finally get that breakout above the $1,360-$1,375 range. The last couple days have put an end to those thoughts and now being one day away […]
Third Estimate 4Q2017 GDP Increased To 2.9%. Corporate Profits Down

Third Estimate 4Q2017 GDP Increased To 2.9%. Corporate Profits Down

The third estimate of fourth quarter 2017 Real Gross Domestic Product (GDP) was revised upward to 2.9 % from the second estimate’s 2.5%. Analyst Opinion of GDP The increase in GDP in this third estimate was primarily due to an increase in consumer services spending and less negative inventory change. The consumer spending improved from […]
Loss Leaders

Loss Leaders

The once glorious world of FANG isn’t doing as great as it once was:      
Further Volatility Ahead For FAANGs

Further Volatility Ahead For FAANGs

Amazon plunged today after media rumours surfaced about President Trump’s intentions towards its taxation, as shown on the following daily chart of AMZN. A drop and hold below major support at 1440.00 could see a further decline to 1400, or lower. The dramatic plunge on the momentum indicator signals further volatility and wild price swings ahead for this stock.   The following daily charts of the FAANGs shows […]
Trade Deficit Widens Again: Expect More Trump Howls

Trade Deficit Widens Again: Expect More Trump Howls

Trump is sure to howl over this month’s trade report. The trade deficit rose again. The BEA’s Advance International Trade report shows the deficit in February rose by 0.1 percent to $75.4 billion. However, the BEA revised January from a deficit of $74.4 billion to a deficit of $75.3 billion. The international trade deficit was $75.4 billion […]
Q4 Real GDP Per Capita: 2.09% Versus The 2.89% Headline Real GDP

Q4 Real GDP Per Capita: 2.09% Versus The 2.89% Headline Real GDP

The Third Estimate for Q4 GDP came in at 2.9% (2.89% to two decimals), down from 3.2% in Q3. With a per-capita adjustment, the headline number is lower at 2.09% to two decimal points. Here is a chart of real GDP per capita growth since 1960. For this analysis, we’ve chained in today’s dollar for […]
Are Investors Taking A Break Or Do They Fear A Full Stock Market Correction?

Are Investors Taking A Break Or Do They Fear A Full Stock Market Correction?

We’re Already Experiencing a Stock Market Correction The Dow Jones Industrial Average (DJIA) may have rebounded, posting a record-breaking session on Wall Street, but how long can stocks maintain this pace? It seems not long at all. Stocks reversed the bullish streak seen on March 26. The glimpse of optimism, resulting from the announcement that […]
3 Strong Stocks Top Insiders Are Buying Now

3 Strong Stocks Top Insiders Are Buying Now

Tiffany & Co (NYSE:TIF) Tiffany director James Lillie snapped up $480,095 shares in the luxury jewelry retailer on March 27. Lillie- a top-performing insider- now boasts a total shareholding of well over $2.1 million TIF shares. We can’t know his motive, but we can see that his move came on the back of TIF’s solid fourth quarter […]
Cryptocurrency: Money Or Asset?

Cryptocurrency: Money Or Asset?

Some of the hypes and speculations surrounding bitcoin and cryptocurrency is that central banks may create their own digital currencies thus replacing fiat money altogether. A G20 draft communiqué already states cryptocurrencies “lack the traits of sovereign currencies” and seeks cryptocurrency regulation recommendations by July 2018. The Bank of International Settlements (BIS) also published a […]
Will EURCAD Break 1.58?

Will EURCAD Break 1.58?

All of the major currencies sold-off against the U.S. dollar today but the Canadian dollar was unusually resilient in the face of sharply lower oil prices and reports of significant gaps between the U.S. and Canada from Canadian NAFTA negotiator Verheul. The only explanation is the prospect of stronger Canadian GDP tomorrow. Retail sales and […]