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Big Auto Throws Down The Gauntlet

Big Auto Throws Down The Gauntlet

In a potential tectonic shift, industry heavyweights form a blockchain alliance Last week, four of the world’s largest automakers (Ford, GM, BMW and Renault) launched a blockchain1 alliance that could represent a tectonic shift, not just in the adoption of blockchain tech, but also in the race to lead the next iteration of the “automobile” industry. […]
Sentiment Pitfalls, The Gold Edition

Sentiment Pitfalls, The Gold Edition

In a couple of blog posts last year I discussed the limitations of sentiment as a market timing tool. With the most reliable sentiment indicators now revealing extreme negativity towards gold, it’s timely to revisit this topic using the current gold market situation as an example. There are two sentiment pitfalls that I mentioned in the earlier […]
Weekly Gasoline Price Update: Regular And Premium Down 2 Cents

Weekly Gasoline Price Update: Regular And Premium Down 2 Cents

The price of Regular and Premium were both down two cents from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.69 and San Francisco, CA is the most expensive city, averaging $3.74. South Carolina has the cheapest at $2.50. The WTIC end of day spot price closed at 65.42, another […]
“We Are Not Going Bankrupt” Musk Vows As Tesla Suppliers Panic Over Stopped Payments

“We Are Not Going Bankrupt” Musk Vows As Tesla Suppliers Panic Over Stopped Payments

Less than a month after the WSJ reported first that Tesla was quietly asking suppliers for “cash back” on existing and future projects, describing the request as “essential to Tesla’s continued operation” and characterizing it as an investment in the car company, investors quickly sold off the stock sending it back under $300, amid growing fears of a liquidity […]
The Conspicuous Consistency Of Curves

The Conspicuous Consistency Of Curves

It’s not that curves are flattening. It’s where they are. There’s really no mystery surrounding any of this. The “conundrum” arrives only when starting from the Orthodox perspective; the one derived from Economists even though they don’t understand the bond market in the slightest. Short-term rates tend to “obey” central bank signals because central banks offer more […]
Stocks And Precious Metals Charts – Round Up Time – The Fed Returns To Jackson Hole

Stocks And Precious Metals Charts – Round Up Time – The Fed Returns To Jackson Hole

Yes folks, hide your wealth, your emerging markets, and what remains of your living wage jobs, it’s that time of year again, when the great herd of economists and financial news readers follow Cowboy Jay and his hole in the head gang to Jackson Hole. The inscrutable in pursuit of the unsustainable. Stocks were largely […]
Consumer Staples Leading

Consumer Staples Leading

The Consumer Staples sector has been on fire lately. As shown in the snapshot from our ​Trend Analyzer tool below, Staples is up more than any other sector over the last week (+3.29%), and it’s now trading in extreme overbought territory at two standard deviations above its 50-day moving average. Back in early May, the Consumer Staples […]
Hot Options Report For End Of Day – Monday, August 20

Hot Options Report For End Of Day – Monday, August 20

Data Courtesy of Trade Alert 
Market Talk- Monday, August 20

Market Talk- Monday, August 20

Japan was the outlier today after the majority produced a positive return. After an initial surge, the Nikkei fell back into negative territory where it spent the rest of the day. Exporters, energy, base metals and banks fell victim to today’s weakness and probably not helped by the Yen’s strength. In late US trading, it […]
Natural Gas Weighs More Heat Against More Production

Natural Gas Weighs More Heat Against More Production

It was a busy Monday along the natural gas futures curve as traders weighed warmer trends over the weekend against a production increase. In the end, production appeared to slightly win out today, but with mixed results, as the September contract declined less than a cent and is now up on the day post-settle.  Meanwhile, […]