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US Stock Market – How Bad Can It Get?

US Stock Market – How Bad Can It Get?

SPX, Quo Vadis? Considering the Crash Potential In view of the fact that the stock market action has gotten a bit out of hand again this week, we are providing a brief update of charts we have discussed in these pages over the past few weeks (see e.g. “The Flight to Fantasy”). We are doing […]
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                        Stock Of The Week: Coherent, Inc

E Stock Of The Week: Coherent, Inc

Coherent, Inc. is a leading supplier of lasers and laser technology for scientific, commercial, and industrial applications. But can it keep up its torrid pace of making money?
The Real “Killer Application” For Crypto

The Real “Killer Application” For Crypto

In the early days of the internet, opinions varied on how popular the new technology would be with the public. Nobel-Prize-winning economist Paul Krugman infamously doubted the web’s potential, saying, “By 2005 or so, it will become clear that the internet’s impact on the economy has been no greater than the fax machine’s.” Despite the […]
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                        USD/CAD Short In Profit After Canadian CPI Data

E USD/CAD Short In Profit After Canadian CPI Data

Canada’s annual inflation rate in February jumped to 2.2% from 1.7% in January, the highest level in more than three years. The annual rate was above the 2.0% market forecast. The data supported the loonie. Separate data showed that Canadian retail sales grew by a less-than-expected 0.3% in January from December. Investors shrugged off weaker […]
One Change The Bitcoin Posse Is Unlikely To See

One Change The Bitcoin Posse Is Unlikely To See

“Bitcoin will reach the moon,” they said. “$20,000 is only the beginning,” they pressed. The harsh reality of the recent move is that appreciation has been nowhere in sight. Harsh, that is, if you haven’t been positioned properly. Are Bitcoin traders bound to be left with their teeth clenched, watching Bitcoin fluctuate? No. There’s a […]
A Day Will Come When Lithium-Ion Battery Recycling Is Practical, But It Is Not This Day

A Day Will Come When Lithium-Ion Battery Recycling Is Practical, But It Is Not This Day

In the US, lead-acid batteries have a near perfect recycling record of 99.3% and recycled lead from used batteries satisfies over 80% of domestic demand. Roughly 85% of lithium-ion batteries are discarded because there is no infrastructure, collection, sorting and transportation are challenging and used electronics, including their batteries, frequently end up in China. Lithium-ion […]
“Baked In The Cake” – Why LIBOR’s Blowout Has Already Done Its Damage

“Baked In The Cake” – Why LIBOR’s Blowout Has Already Done Its Damage

The global funding market crisis is getting worse and its contagion is starting to show up in assets that ‘mom and pop’ care about. Bank stocks are being battered… Following bank credit risk’s spike… And European High Yield risk has exploded to one-year highs… European stress is worse than US for now, as Charlie Diebel, head of rates […]
Durable Goods Orders Rise 3.1%: Equity And Bond Markets Unimpressed

Durable Goods Orders Rise 3.1%: Equity And Bond Markets Unimpressed

Durable goods orders are up, but the bond market is flat, and the equity markets are mostly red as I type. The Census Bureau Advance Monthly Report on Durable Goods shows new orders rose 3.1% from a revised 3.5% decline in January. Was January an outlier? Was February? Perhaps the answer is neither if one averages the […]
Taxable Total Return First-Quarter Review

Taxable Total Return First-Quarter Review

The first quarter of 2018 provided some long overdue volatility to equity markets while Treasury yields rose across the board. The long end of the yield curve underperformed during the month of January. Roughly 75% of the 35-basis-point move upward in the 30yr Treasury yield took place in the first month of the quarter, while […]
If You’re A Gold Bug, Don’t Ignore These Gold Price Charts

If You’re A Gold Bug, Don’t Ignore These Gold Price Charts

iStock.com/hekakoskinen Weekly Gold Price Charts Foretell a 25% Increase If you are a gold bug, it’s important that you pay close attention to gold price charts. They are foretelling that something big could be in the making, and that 2018 could be a stellar year for the yellow precious metal. One chart that gold bugs […]