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Stocks, Yields Tumble After Draghi Admits “Growth May Have Peaked”; ECB To Delay QE Unwind

Stocks, Yields Tumble After Draghi Admits “Growth May Have Peaked”; ECB To Delay QE Unwind

As we have showed repeatedly over the past month, the European economic imploding, and nowhere is this more obvious than the Citi Eurozone Economic Surprise Index why will soon hit its post financial crisis lows. It appears that after weeks of dithering, someone at the ECB also figured out how to pull up this chart […]
EUR/USD Elliott Wave View: Still Trading Sideways

EUR/USD Elliott Wave View: Still Trading Sideways

Short-term EUR/USD Elliott Wave view suggests that the pair remains in a sideways triangle range between 1.2554 and 1.2153 levels as mentioned in the previous post here. Until we break out of the range, we look for the sideways price action to continue. Triangle doesn’t have any particular trend, but it is generally a continuation pattern, […]
US Dollar Shows Strength Ahead Of ECB, BoJ Rate Decisions

US Dollar Shows Strength Ahead Of ECB, BoJ Rate Decisions

EUROPEAN CENTRAL BANK (ECB), BANK OF JAPAN (BOJ) HIGHLIGHT NEXT WEEK’S CALENDAR It’s been an interesting week across global markets, as earlier-week breakouts in both the British Pound and US equities were unable to hold, and we’ve already seen reversals to varying degrees in each of those markets. Last night’s Japanese inflation came-in at 1.1%, cooling from the […]
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                        Tanger Realty Is A Dividend Champ

E Tanger Realty Is A Dividend Champ

Tanger realty is a bit over its 52-week lows, but we think there is still plenty of value in this dividend champion. Yes, we know mall REITs are struggling. Yes, there is a shift towards more online competition. Yes, rates have played havoc in REITs in general. However, SKT has done a substantial amount of […]
Weekly Review: A Good Week For Crude Oil And Cryptocurrencies

Weekly Review: A Good Week For Crude Oil And Cryptocurrencies

Politics and geopolitical issues continued to dominate the market. In Washington the turmoil in the Trump administration continued. A number of Republicans sent a letter to the FBI and Justice department asking for the memos written by James Comey. They threatened to impeach the new FBI director, Christopher Wray and the Deputy Attorney General, Rod […]
The Difference Between Asset Price Inflation & Consumer Price Inflation

The Difference Between Asset Price Inflation & Consumer Price Inflation

One of the more common responses to the fact that inflation is low is the idea that the inflation is all in asset prices. So, for instance, if someone were to say that all the Fed’s post-crisis stimulus didn’t result in inflation you might look at stock prices and argue that the price increases all […]
Light Volume Pullback

Light Volume Pullback

My Swing Trading Approach I lightened up my portfolio yesterday, following the pullback, and booked 5% in my trade in Anadarko Petroleum (APC). The market remains bullish overall, and will look to add 1-2 new positions today Indicators VIX – Small bounce yesterday, I still expect a move lower that tests, at least, the March lows.  T2108 (% of stocks trading […]
Billion Dollar Unicorns: What Is Okta’s Inorganic Growth Narrative?

Billion Dollar Unicorns: What Is Okta’s Inorganic Growth Narrative?

According to a Market Research Engine report published earlier this week, the global Identity and Access Management is estimated to grow 12% annually over the next few years to become a $14 billion industry by 2023. Recently reported results of the Billion Dollar Unicorn Okta (Nasdaq: OKTA) corroborate this rapid growth. Okta’s Financials Okta’s identity management solution simplifies […]
Nasdaq Composite: Will The March High Mark A Goodbye

Nasdaq Composite: Will The March High Mark A Goodbye

The month of March has produced some major turning points for the Nasdaq Composite over the last 20 years. The Nasdaq topped in March of 2000 and bottomed 9 years later in March 2009. Is it possible that 9 years after the major bottom, we put in a major top (March 2018). In a recent article, […]
Not Too Much Support After EUR/USD Broke Down

Not Too Much Support After EUR/USD Broke Down

The Technical Confluences Indicator showed that the recent fall of the EUR/USD was powerful as it breached a critical cluster of support lines at $1.2360. This opens the door to dropping to much lower levels as support lines are few and far between. The $1.2360 region is the congestion of the Simple Moving Average 50-1h, the SMA200-15m, the […]