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Barnier Bounces Cable Higher

Barnier Bounces Cable Higher

Warm words from Michele Barnier, the EU’s chief Brexit negotiator, once again pushed the British pound higher with cable touching an intraday high of 1.3059 but failing to hold above the R4 Camarilla level at 1.3048 on the hourly chart. This is now the key upside level which will remain in play for the remainder […]
Trump’s 4 Biggest Lies About Today’s Economy

Trump’s 4 Biggest Lies About Today’s Economy

Trump is putting out 4 big whoppers about today’s economy. Here’s what he’s saying, and here’s the truth: 1. “Best job growth ever”. Wrong. Job growth has actually slowed. In the last 19 months of the Obama administration, it averaged 3.96 million new jobs per month. In the first 19 months of Trump, 3.58 million. 2. “Lowest […]
China’s Belt And Road Initiative: Grand Or Grandiose?

China’s Belt And Road Initiative: Grand Or Grandiose?

China’s Belt and Road Initiative was first announced five years ago in 2013. Broadly speaking, the grand plans is for a grand set of transportation connections from China across Asia, and reaching to Africa and Europe. Some of the connections would be overland (the “belt”) and others would be overseas (the “belt”). Chinese banks and […]
Equifax – One Year Later

Equifax – One Year Later

This past Friday (Sept. 7th) marked the one year anniversary of the Equifax (EFX) data breach announcement. The breach, which exposed 143 million Americans’ personal information, sent EFX plummeting 37.23% from $142.72 to a low of $89.59 one week later. As you can see from the chart below, EFX has been steadily recovering since the […]
Weekly Gasoline Price Update: Regular And Premium Up A Penny – Monday, Sept.10

Weekly Gasoline Price Update: Regular And Premium Up A Penny – Monday, Sept.10

It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up a penny each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.73 and Santa Francisco, CA is the most expensive city, averaging $3.74. Alabama […]
Strong U.S. Labor Market May Signal More Suffering For Emerging Market Corporates

Strong U.S. Labor Market May Signal More Suffering For Emerging Market Corporates

Geopolitical risks and heavy corporate bond issuance likely to keep a lid on U.S. Treasury prices While August nonfarm payrolls provided further evidence of a strong U.S. labor market, any ensuing optimism about the domestic economy may spur more pain for emerging markets. Recent gains in the U.S. dollar against currencies such as the Turkish […]
The Flight To Dollar And Treasury Safety Has Already Begun

The Flight To Dollar And Treasury Safety Has Already Begun

In the following video, I profile the world’s major stock indexes to show that most of the rest of the world is sliding down. Two major manufacturing centers, China and Germany, are leading the way and are early warning indicators of a wave of slowing economies everywhere else. Currencies around the world are slumping against […]
Kneeling For Nike

Kneeling For Nike

Nike, Inc., based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly-owned NIKE, Inc. subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and […]
Global Asset Allocation Update – September 2018

Global Asset Allocation Update – September 2018

The risk budget is unchanged again this month. For the moderate risk investor, the allocation between bonds and risk assets is 50/50. Decoupling anyone? That’s what the market is whispering right now, that the recent troubles in foreign economies is contained and won’t affect the US. The most obvious example of that trend is the […]