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King Dollar Versus The Anti-Poles

King Dollar Versus The Anti-Poles

A broad consensus has emerged that the dollar needs to take an extended breather if ex-U.S. risk assets are going to have any hope of stabilizing. There’s nothing particularly novel about that assessment. Persistent dollar strength in the face of Fed tightening is obviously EM negative and the fact that years of accommodative DM policy […]
GDX Coil

GDX Coil

During the formation of a coil, the market builds more and more energy as the price gets trapped in a narrow range. Once the coil breaks, either up or down, that energy triggers a violent move. What most people don’t know is that the majority of the time the initial move out of a coil […]
The Trending Fed

The Trending Fed

MARKETS, ECONOMIES & INSTITUTIONS ALL TREND Everyone has heard the adage that “the trend is your friend.” It always amazes me how, despite the historical evidence supporting this principle, human nature requires that we embark on a never-ending quest to pick tops – to find divergences and indicators that support the notion that the trend […]
Housing Market Review – Worsening Affordability Issues Add To Weakening Data

Housing Market Review – Worsening Affordability Issues Add To Weakening Data

I saw a flicker of hope for home builders in the May Housing Market Review. Traders decided to snuff that flicker out very quickly afterward. When I wrote June’s housing market review and described a “struggling flicker,” the iShares US Home Construction ETF (ITB) was once again bouncing off the bottom of 2018’s trading range. Almost like a […]
The Origins Of Labor Day

The Origins Of Labor Day

[This post originally ran on Labor Day, 2011.] It’s clear that the first Labor Day celebration was held on Tuesday, September 5, 1882, and organized by the Central Labor Union, an early trade union organization operating in the greater New York City area in the 1880s. By the early 1890s, more than 20 states had […]
3 Rock-Solid Stocks You Need To Know Now

3 Rock-Solid Stocks You Need To Know Now

September is traditionally a rocky time for the markets. “I’m skeptical that the S&P can continue this uninterrupted, and I do expect we’ll see at least a 4 to 5 percent correction, at least sometime in the month of September into October,” Mark Newton, founder and president of Newton Advisors, told CNBC last week. Here […]
As Emerging Market Currencies Collapse, Gold Is Being Mobilized

As Emerging Market Currencies Collapse, Gold Is Being Mobilized

In recent weeks, global financial markets have been increasingly spooked by an intensifying crisis in emerging market currencies including those of Turkey and Argentina. Add to this the ongoing currency crisis in Venezuela and the currency problems of Iran. While all of these countries have economy specific reasons that explain at least some of their […]
Factors Likely To Decide Casey’s Fate In Q1 Earnings

Factors Likely To Decide Casey’s Fate In Q1 Earnings

Casey’s General Stores, Inc. (CASY – Free Report) is expected to report first-quarter fiscal 2019 results on Sep 4. In the trailing four quarters, this operator of convenience stores has underperformed the Zacks Consensus Estimate by an average of 12.7%. In the last reported quarter, the company delivered a negative earnings surprise of 25%. Let’s delve deeper and […]
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                        SPX, Gold, Oil And G6 Prices For The Week Of September 4th

E SPX, Gold, Oil And G6 Prices For The Week Of September 4th

The SPX continues to defy bearish prognosticators and not only broke above the January high, but did so in record time.  Since 1971 it has taken the index anywhere from 9 to 91 months to accomplish this task. This has serious bullish implications going forward, but the operative word for the immediate future is “follow-through.” […]
Web 2.0 Business Vs. Politics

Web 2.0 Business Vs. Politics

This week we follow up on the performance of the social media stocks relative to the Nasdaq. In short the names, I review in today’s video continue to lag and I believe that the wounds are self-inflicted.                                     […]