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Equities Search For End Of Quarter Favor As Trade War Rhetoric Fades

Equities Search For End Of Quarter Favor As Trade War Rhetoric Fades

If you’re just waking up to seeing U.S. equity futures up by more than 1%, you’re likely in a better mood than last week, when markets ended the week with the major averages down more than 1 percent. It’s been one thing after the other causing markets to decline since February. But this week marks […]
Black Monday Postponed?

Black Monday Postponed?

Apparently, markets are willing to give Steve Mnuchin the benefit of the doubt on Monday morning. “We’re having very productive conversations with [China],” the Treasury Secretary told Fox News on Sunday, adding that he’s “cautiously hopeful” on striking a deal with Beijing that averts disaster. Of course he also said Trump isn’t “afraid of a […]
How Did South Korea’s Economy Develop So Quickly?

How Did South Korea’s Economy Develop So Quickly?

from the St Louis Fed — this post authored by Ana Maria Santacreu and Heting Zhu South Korea has experienced one of the largest economic transformations of the past 60 years. It started as an agriculture-based economy in the 1960s,[ 1] and it became the 11th largest economy in the world in terms of gross domestic product […]
Centamin Mines Gold As It Explores For More

Centamin Mines Gold As It Explores For More

The basic sector has thirteen industries all related to mining, making and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; paper; silver; specialty chemicals; steel. Today I’m reviewing a gold company It’s a mid-cap stock, Centamin Plc. It’s trading ticker symbol is CELTF.  Centamin Plc is a mineral exploration, development, […]
Stocks Once Again Under Pressure, But At/Near Crucial Support – Some Metrics Way Oversold

Stocks Once Again Under Pressure, But At/Near Crucial Support – Some Metrics Way Oversold

Stocks are selling off, but major indices are at/near crucial support, testing the will of the bulls.   High-yield spreads are tightening. In Chart 1, the ICE BofAML US high yield BB effective yield is pitted against Moody’s seasoned AAA corporate bond yield and the 10-year Treasury rate. Spreads over both corporate investment-grade and 10-year […]
S&P 500 – Bounce Is Due As Sentiment Hits Extremes

S&P 500 – Bounce Is Due As Sentiment Hits Extremes

This year the S&P 500 could be forming a bearish descending triangle. The declines over the past couple of weeks now have the broad market testing key support levels at (1) above. The Dow looks to be forming a similar descending triangle pattern, where a bounce is due as well says Joe Friday. While the Dow and S&P […]
Sensex Surges 470 Points; Bank Stocks Top Gainers

Sensex Surges 470 Points; Bank Stocks Top Gainers

After opening the day in red share markets in India witnessed volatile trading activity throughout the day and ended the day firmly in green, after a strong rally at the wee end of the session. Sectoral indices too ended the day in green, with stocks in the bank sector and stocks in the metal sector leading the gains. At the closing […]
S&P Futures Soar, Global Stocks Rebound As Trade War “Perfect Storm” Fears Fade

S&P Futures Soar, Global Stocks Rebound As Trade War “Perfect Storm” Fears Fade

It seems that “Black Monday” has been averted, with global risk sentiment making a full reversal to start the week, and the precipitous selloff from Thursday and (Black) Friday turning into a furious rally on Monday, starting in Asian markets and proceeding to Europe and US stock futures, which are up 1.4%, and back over […]
Equity Meltdown Aborted, Dollar Eases

Equity Meltdown Aborted, Dollar Eases

After a poor start in Asia, equities recovered. The MSCI Asia Pacific initially extended last week’s losses and fell to its lowest level since February 12 before recovering to finish near its highs, 0.4% above last week’s close. European markets followed suit. They did not have to take out last week’s lows.  The Dow Jones Stoxx […]
Providing Fuel (XRP & Oil)

Providing Fuel (XRP & Oil)

Traditional Markets Talk of a trade war between the two largest economies in the world has brought stocks to their knees at the end of last week.  The powers that be have been working hard to convince the markets that the extent of the trade wars has been overplayed. So the hope is that even though Trump is […]