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Economic Data And Forecasts For The Weeks Of June 25 And July 2

Economic Data And Forecasts For The Weeks Of June 25 And July 2

 Here are my forecasts for upcoming economic data.           Forecast Prior Observation Consensus   Week of June 25         June 25         Chicago Fed National Activity Index – May 0.40 0.34 0.37   New Home Sales – May 667K 662 665   Dallas Fed General […]
On The Verge. Or Not

On The Verge. Or Not

Given what’s been going on in the crypto space the past six months (that is, catastrophe), I punched in the search term “#cryptogenius” in Twitter just to see what would come back. I thought it would be a bunch of snarky stuff about Altucher, but instead this tweet from January of this year was what popped […]
A Bullish Gold Stocks Forecast For 2018

A Bullish Gold Stocks Forecast For 2018

There are an increasing number of signs that gold will outperform in the coming months and years. Not only is the gold chart suggesting a bullish gold prediction on the short to medium term, the more fundamental aspects are also underpinning a bullish gold outlook, one of them being rising inflation expectations for 2018 and 2019. All this […]
Latest US Trade Casualties: Nails, Whiskey, Cranberries, Lobster, And Autos Too

Latest US Trade Casualties: Nails, Whiskey, Cranberries, Lobster, And Autos Too

In Trump’s global trade war, the latest US casualties are whiskey, cranberry, nail, and lobster industries. Autos too. As Trump threatens tariffs on all auto imports from Europe, the EU Says It Will Respond. “If they decide to raise their import tariffs, we’ll have no choice, again, but to react,” EU Commission Vice President Jyrki Katainen […]
The Best Wireless Stocks: AT&T, Verizon, Sprint, And T-Mobile Ranked

The Best Wireless Stocks: AT&T, Verizon, Sprint, And T-Mobile Ranked

The U.S. wireless industry is a gold mine. Consumers love their smartphones and other mobile devices, and their mobile applications, web browsing, and text messaging requires data. Plus, as so many of us are extremely reluctant to go without our devices, wireless service providers hold pricing power and are resistant to economic downturns. This means […]
Weekly Trading Forecast: A New Front On Trade Wars Will Test Risk Trends, Dollar

Weekly Trading Forecast: A New Front On Trade Wars Will Test Risk Trends, Dollar

US Dollar Rally May Regain Momentum Amid Trade War Worries The US Dollar may regain upward momentum as worries about escalating trade wars spur haven-seeking capital flows in the week ahead. USD/JPY Breaks the June Bullish Trend Despite Continued Inflation Lag After spending the first half of June running higher within a bullish channel, USD/JPY broke-back down below the […]
Analyzing The Health Of This Pullback – Week In Review

Analyzing The Health Of This Pullback – Week In Review

  DOW FLIRTS WITH 200 DMA LINE The major indices ended mostly lower last week amid the ongoing trade woes. In the first half of the week, President Trump said he will consider adding tariffs on nearly $200 billion worth of Chinese goods. A few days later, China responded by saying, the US has “delusions” […]
Technical Correction Spurred By Fundamental Trigger

Technical Correction Spurred By Fundamental Trigger

The Bank of England seems to purposefully like to surprise investors and managed to do so again last week, as three of the nine MPC members, including the chief economist, dissented in favor of an immediate hike. The move caught the market leaning the wrong way. A few hours before the announcement, both sterling, and the […]
Week In Review: CITIC Offers $3.6 Billion To Acquire China Biologic

Week In Review: CITIC Offers $3.6 Billion To Acquire China Biologic

CITIC Capital has submitted a $3.6 billion bid to acquire China Biologic Products (Nasdaq: CBPO), one of China’s top five plasma-based biopharmas (see story). The bid, which came at a 34% premium to the previous close, was unsolicited and non-binding. Headquartered in Beijing, CBPO operates plasma-gathering facilities and offers 20 plasma-based products. The offer, priced at $110 per […]