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A Surprise Shift In U.S. Soybean Exports

A Surprise Shift In U.S. Soybean Exports

When we last considered the state of trade between the U.S. and China, we anticipated that we would see the year over year growth rate of exchange rate-adjusted value of the goods and services transacted between the two nations pick up in June 2018, as international shippers strove to beat the clock for when a new round […]
Gold Gains As Dollar Rally Wanes

Gold Gains As Dollar Rally Wanes

Gold prices rose $3.35 an ounce on Tuesday, recovering some of the losses from the previous day, as a weaker dollar helped lure bargain hunters back into the market. World stock markets were mostly higher yesterday. U.S. stocks edged higher, supported by strong corporate earnings reports. The risk-on investing attitude in the world marketplace and […]
Hotel Shilla Has Found Growth In Duty-Free Shops

Hotel Shilla Has Found Growth In Duty-Free Shops

Background Hotel Shilla Company Limited is a Korean firm that started in the hotel business in 1979 and later expanded into duty-free shops. Shilla is the first operator to hold concessions in Asia’s three largest airports. It now has 25% market share in this segment in Korea and 7% globally. Business Description The company is […]
Progenics Pharmaceuticals Announces Pricing Of Public Offering Of Common Stock

Progenics Pharmaceuticals Announces Pricing Of Public Offering Of Common Stock

NEW YORK, Aug. 07, 2018 (GLOBE NEWSWIRE) — Progenics Pharmaceuticals, Inc. (Nasdaq: PGNX) announced today the pricing of an underwritten public offering of 9,090,909 primary shares of its common stock at a public offering price of $8.25 per share. The gross proceeds from the sale of the primary shares, before underwriting discounts and commissions and […]
The Fantasy Of “Balanced Returns” Funding Retirement

The Fantasy Of “Balanced Returns” Funding Retirement

Consider how a “balanced portfolio” yielding “balanced returns” worked out for middle-class retirees in Venezuela. The fantasy that a “balanced portfolio” yielding “balanced returns” will fund a stable retirement for decades to come is widely accepted as a sure thing: inflation will stay near-zero essentially forever, assets such as stocks and bonds will continue yielding hefty […]
USDCAD Daily Analysis – Wednesday, August 8

USDCAD Daily Analysis – Wednesday, August 8

USDCAD broke above 1.3039 resistance. Further rally is still possible and next target would be at 1.3096 key resistance, a breakout of this level would indicate that the downside movement from 1.3289 had completed at 1.2961 already, then next target would be at 1.3150 area. Support is at 1.2961, only a breakdown below this level […]
Top 5 Charts Of The Week – Wednesday, August 8

Top 5 Charts Of The Week – Wednesday, August 8

This week: Extremes in speculative futures positioning in stocks vs bonds USD becoming a crowded trade and what this means for the outlook EM risk pricing relief rally drivers and why it’s likely to be short-lived Active vs passive fund flows and the new zero fee passive fund from Fidelity  Japanese government bond yields going to […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, August 8

WTI Crude Oil And Natural Gas Forecast – Wednesday, August 8

WTI Crude Oil The WTI Crude Oil market tried to rally again during the day on Tuesday, but just like the Monday session we ended up finding sellers close to the $70 level again and rolled over. By forming a shooting star, this tells me that the market is ready to continue to stay within […]
Stocks Outlook – Wednesday, August 8

Stocks Outlook – Wednesday, August 8

Thoughts VIX has made a short-term bottom. A short-term bearish factor for the U.S. stock market. “In 2 weeks time, this will be the longest bull market in history”. This is not true Heavy Truck Sales are trending higher. Medium-long term bullish for stocks JOLTS went up a little but are still trending higher. Bullish […]
Stellar Lumens Leads Weekly Drops In Top 10, Entering Daily Ichimoku Cloud

Stellar Lumens Leads Weekly Drops In Top 10, Entering Daily Ichimoku Cloud

After reaching a peak end of July, major cryptocurrencies reversed back in August with Stellar Lumens (XLM-X) leading the drops. In the past 7 days, XLM/USD dropped over 19%, going back inside the daily Ichimoku cloud, and approaching the $0.21 support level. While the future cloud appears bullish, the Tenkan line is just about to […]