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US Futures, Global Stocks Soar On Hope Xi’s “Conciliatory” Speech Ends Trade War

US Futures, Global Stocks Soar On Hope Xi’s “Conciliatory” Speech Ends Trade War

In what has become a daily see-saw pattern in global capital markets where the only variable is whether trade war sentiment du jour is better or worse, US futures have soared along with European and Asian shares after overnight China’s President Xi Jinping struck a “conciliatory tone” on trade during a major address, refusing to retaliate to […]
Consumer Inflation Expected To Rise Further Over Fed’s 2% Target

Consumer Inflation Expected To Rise Further Over Fed’s 2% Target

Chicago Fed President Charles Evans has been one of the central bank’s doves and so it’s notable that he’s now talking like a hawk, at least on the margins. In a speech on Friday, he said the Fed’s goal of 2% inflation remains on track, which means that “continuing our slow, gradual increases will be appropriate to […]
March 2018 Consumer Expectations: Inflation Expectations Unchanged In March; Labor Market Expectations Retreat Slightly

March 2018 Consumer Expectations: Inflation Expectations Unchanged In March; Labor Market Expectations Retreat Slightly

from the New York Fed The Federal Reserve Bank of New York’s Center for Microeconomic Data released the March 2018 Survey of Consumer Expectations, which shows no change in short- and medium-term inflation expectations. Consumers were less optimistic about labor market outcomes. In particular, expectations about income growth, the U.S unemployment rate, and the probability of […]
When Will Volatility Finally Spread?

When Will Volatility Finally Spread?

Everyone loves to talk about VIX. I guess it’s because VIX is relatively easy to trade, and even more importantly, during the 2008 Great Financial Crisis, long positions were monstrous winners. Hedge fund managers made their careers with that move. It was an amazing opportunity to make money. During the summer of 2008, the VIX […]
EUR/USD: Breakout Of The Upwards Channel Looming

EUR/USD: Breakout Of The Upwards Channel Looming

Previous: On Monday the 9th of April, trading on the EURUSD pair closed up. The rate rose to 1.2330 during the US session. Currency markets were influenced by a number of factors, including tense relations between the US, Russia, and China, as well as an escalation in the situation in Syria. Additionally, the single currency was […]
Substantial Revisions To Consumer Credit, But Residual Seasonality Remains

Substantial Revisions To Consumer Credit, But Residual Seasonality Remains

One of main elements of the true seasonal Q1 weakness, or what has been called residual seasonality, has been the embrace of revolving credit. The Federal Reserve’s statistics for consumer credit over the last two years has displayed a pronounced trend, especially at the end of last year. Americans had, it seemed, made heavy use of […]
FOMC Minutes Will Try To Balance Between Trade Fears And Optimism On The Economy

FOMC Minutes Will Try To Balance Between Trade Fears And Optimism On The Economy

The Federal Reserve releases the FOMC Meeting Minutes on Wednesday, April 11th, at 18:00 GMT. The document is set to unveil more details about the internal deliberations before the Fed Chair Jerome Powell raised interest rates in his first meeting at the helm. The event that took place on March 21st also consisted of new forecasts, including […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, April 10

WTI Crude Oil And Natural Gas Forecast – Tuesday, April 10

WTI Crude Oil The WTI Crude Oil market rallied a bit during the trading session on Monday, as the uptrend line has held. The $64 level above is significant resistance, but if we can break above there I think that we would then go to the $66 level. I believe that the $62 level underneath […]
The Short That Keeps On Giving?

The Short That Keeps On Giving?

Among the list of stock selection and trading ideas maintained at the TSI web site there was, until the week before last, a Tesla (TSLA) put option position. The position was exited — and a large profit recorded — after the stock’s recent plunge from well above $300 to the $250s. However, this stock could […]
U.S. Soybean Exports Are Fungible

U.S. Soybean Exports Are Fungible

Since China’s leaders appear to have adopted the “madman negotiation technique” to retaliate against the U.S. in the budding trade war between the two nations, we thought it might be interesting to look at the context of the U.S. total exports of soybeans to both China and to the world. The following chart shows the trailing twelve […]