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Dow & Yields Testing Multi-Decade Breakout Levels

Dow & Yields Testing Multi-Decade Breakout Levels

      This chart looks at the Dow Jones Industrials Average and the Yield on the 10-year note on a monthly basis for several decades. The top chart looks at the Dow since 1927 and the bottom chart looks at yields since 1994. The Dow has spent the majority of the past 65-years inside of rising channel (1) […]
GBPUSD: Backs Off Higher Prices On Price Failure

GBPUSD: Backs Off Higher Prices On Price Failure

GBP/USD: The pair backed off higher prices after failing to follow through on the back of its Monday gain on Tuesday. This development has turned the immediate risk lower. On the downside, support lies at the 1.2850 level where a break will turn attention to the 1.2800 level. Further down, support lies at the 1.2750 […]
August Rents Rose In 89% Of Top 252 Cities: Fastest Pace In 18 Months

August Rents Rose In 89% Of Top 252 Cities: Fastest Pace In 18 Months

Apartment construction is down. Rent prices are up. That’s the message in 89% of the top 252 US markets. The RentCafe reports August Rents Rose at the Fastest Pace in 18 Months, as Apartment Construction Slows Key Points Rents push forward in August, rising by 3.1%, the fastest annual increase in 18 months. The national average […]
EUR/USD Drops Below 1.1600 As ECB, Chart Support Loom Ahead

EUR/USD Drops Below 1.1600 As ECB, Chart Support Loom Ahead

EUR/USD BACK-BELOW 1.1600 AS PRICES BUILD INTO DESCENDING TRIANGLE It’s been a pensive past couple of weeks for EUR/USD. After opening August by selling-off down to fresh lows, driven by fears around European banks’ exposure to Turkey, EUR/USD caught support mid-month and then spent the next two weeks erasing a large portion of those losses. […]
Billion Dollar Unicorns: Rapid7 To Focus On Profits In Fiscal 2019

Billion Dollar Unicorns: Rapid7 To Focus On Profits In Fiscal 2019

A recent Markets and Markets report estimates the global Cybersecurity Market to grow at a CAGR of 11% from $137.85 billion in 2017 to $231.94 billion by 2022, driven by regulatory data protection directives and the need to counter cyber terrorism, coupled with the growing adoption of Internet of Things (IoT) and Bring Your Own Device […]
USD/JPY – Profitable Opportunity Just Ahead Of The Bulls?

USD/JPY – Profitable Opportunity Just Ahead Of The Bulls?

Despite the Thursday’s closure below the lower border of the consolidation and the Friday’s drop to the lowest level for more than two weeks, the bulls kept cool and reborn in recent days, erasing almost entire recent move to the downside. Will the pro-growth formation that is drawing on the horizon encourage them to fight […]
US Policy Mix Reconsidered

US Policy Mix Reconsidered

In our understanding of foreign exchange determinants, we attribute a privileged role for the policy mix–the combination of monetary and fiscal policy. The best policy mix for a currency is when monetary policy is tightening, and fiscal policy is loosening.   Notable examples include the Reagan-Volcker dollar rally of the early 1980s and the German policy mix […]
“Business Is Booming”

“Business Is Booming”

“Business is booming.” That statement was taken from the commentary section of the August NFIB report on small business optimism. In fact, business appears to be so strong for US small businesses that the index of Small Business Optimism rose to a record high of 108.8 in August. That surpassed the old record of 108.0 back in September […]
NFIB Small Business Survey: “Small Business Optimism Shatters Record Previously Set 35 Years Ago”

NFIB Small Business Survey: “Small Business Optimism Shatters Record Previously Set 35 Years Ago”

The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for August came in at 108.8, up 0.9 from the previous month and its highest of all time. The index is at the 100th percentile in this series. Today’s number came in above the Investing.com forecast of 108.2. Here is an excerpt […]
Technically Speaking: 3000 Or Bust!

Technically Speaking: 3000 Or Bust!

A couple of weeks ago, I discussed the recent breakout to “all-time” highs and the potential run to 3000 for the S&P 500 index. “Regardless of the reasons, the breakout Friday, with the follow through on Monday, is indeed bullish. As we stated repeatedly going back to April, each time the market broke through levels of overhead resistance we […]