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4 Sector ETFs To Tap At New Highs
After bouts of volatility, Wall Street regained momentum in the past few sessions on optimism over trade talks between the United States and China and signs of stabilization in Turkey. The two countries are set to hold talks this week and China is expressing willingness to come to some terms with the United States to […]
Treasury Yields: A Long-Term Perspective – Tuesday, August 21
Let’s have a look at a long-term perspective on Treasury yields as of the August 20th close. The chart below shows the 10-Year Constant Maturity yield since 1962 along with the Federal Funds Rate (FFR) and inflation. The range has been astonishing. The stagflation that set in after the 1973 Oil Embargo was finally ended […]
Tariffs & Draining The Swamp?
Mr. David Malpass, at the US Treasury, will meet with Chinese Commerce Minister Wang Shouwen in late August. This is excellent news. Dennis Gartman beat me to this on Thursday morning. I’m in complete agreement with Dennis’ assessment: “Mr. Malpass, as everyone should remember, is an old Wall Street ‘hand’, for he was at one […]
US Small Caps Hit Record High As US Macro Data Dumps To 11-Month Lows
Another day, another short squeeze and the Russell 2000 index of US small cap companies, has just hit a new record high… The narrative of small-cap outperformance has been “domestic” safety vs overseas trade war scares (as a reminder, here’s why that is a false thesis)… Which is odd given that “domestic” data has collapsed in […]
The Longest Bull Market In History. What’s Next?
Tomorrow the S&P 500 will celebrate 3452 days or 115 months since its bear market low of 676 on March 9, 2009–officially now the longest expansion since 1900. This table from Leuthold Group summarizes all the expansion cycles since 1900 up to January 26, 2018. Since then, of course, the US stock market expansion has continued a […]
Billion Dollar Unicorns: Babytree Prepares To Go Public
According to Pew Market research conducted a few years ago, more than 75% of parents in the US reached out to social media networks for parenting related issues. It is not just the US, but parents of other nations also rely significantly on the Internet as a source of information. Recently, China-based Billion Dollar Unicorn Babytree announced plans […]
5 Things Investors Should Know About US Strategic Petroleum Reserves
1. US Department of Energy announced yesterday an offer for delivery between October 1 and November 30, 11 mln barrels of sour crude oil from the Strategic Petroleum Reserves. The move has nothing to do with operationalizing President Trump’s complaint that oil prices were too high. Instead, the sales are part of the fiscal compromise […]
Three Reasons USD/CHF Is Struggling To Break Parity
Earlier this month, the US Dollar Index broke out to a fresh 14-month high, reaching a peak near 97.00 midway through last week before turning lower in the latter half of the week. Despite the dip over the last couple of days, the bullish trend in the greenback writ large remains well intact, but one […]
USD/JPY Rate Outlook Mired By Bearish Sequence
JAPANESE YEN TALKING POINTS USD/JPY snaps back from a fresh monthly-low (109.78) even as U.S. President Donald Trump is ‘not thrilled’ about higher interest rates, but recent price action keeps the near-term outlook tilted to the downside as the exchange rate continues to carve a series of lower highs & lows. BEARISH USD/JPY SEQUENCE KEEPS DOWNSIDE TARGETS […]
World Markets Update – Tuesday, August 21
Three of eight indexes on our world watch list have posted gains through Monday, August 20, 2018. The top performer this year is India’s BSE Sensex with a gain of 13.21%. In second is our own S&P 500 with a gain of 6.86%. In third is France’s CAC 40 with a gain of 1.26%. Coming […]
