Archives by Month:

Archives by Year:

Gold Up As Investors Await Signals On US Rates

Gold Up As Investors Await Signals On US Rates

Gold prices rose $2.46 an ounce on Tuesday as dollar weakened ahead of the Fed’s policy decision. A batch of optimistic U.S. economic data this month increased expectations for two more rate hikes this year. Markets have fully priced in 25-bps rate hike today, another likely one in December, but then no rate move is […]
The Andersons Do Grain, Ethanol, Rail, & Plant Nutrient Operations

The Andersons Do Grain, Ethanol, Rail, & Plant Nutrient Operations

This week I’m seeking a prestigious and long-term dividend-paying stock from the consumer defensive sector.  The defensive sector includes thirteen industries all related to providing those convenient packaged goods we’ve just gotta have. Industries like: beverages, brewed, soft, or distilled; confections; discount stores; education & training; farm products; food distribution; grocery stores; household & personal […]
Equity Market Performance Before And After The U.S. Midterm Election

Equity Market Performance Before And After The U.S. Midterm Election

September this year certainly seemed like an odd month. For example, the fifth business day of the month was Tuesday, September 10 as Labor Day in the U.S. was on Monday, September 3. The first business day was September 4. The end of the month is this Friday, September 28. I mention this as the […]
Treasury Yield Curve And The Fed Rate Decision: Is The Federal Reserve Caught Between A Rock And A Hard Place?

Treasury Yield Curve And The Fed Rate Decision: Is The Federal Reserve Caught Between A Rock And A Hard Place?

The conventional wisdom among fixed income market seers is that the Federal Reserve will continue to tighten credit, raising the fed funds target rate multiple more times before they are finished! This is due to a stronger economy, inflation under control and unemployment at low levels suggesting full employment. This scenario presents the Fed with a […]
AUD/USD Daily Analysis – Wednesday, Sept. 26

AUD/USD Daily Analysis – Wednesday, Sept. 26

AUD/USD remains in the uptrend from 0.7085, the pullback from 0.7303 is likely consolidation for the uptrend. Near term support is at 0.7236, followed by 0.7200, as long as these levels hold, the upside movement could be expected to resume and a break of 0.7303 resistance could take the price to 0.7350 area. On the […]
General Electric Edition: Do Not Argue With Sellers – Celebrate With Buyers

General Electric Edition: Do Not Argue With Sellers – Celebrate With Buyers

General Electric (GE) dropped 4.0% for a fourth straight day of high volume selling. At $11.27/share GE sits at a stomach-churning 9-year low. General Electric (GE) still can’t find a bottom. The last three trading days have delivered fresh 9-year closing lows. Source: TradingView GE’s early June expulsion from the Dow Jones Industrial Index seemed like […]
Gold And Dollar Stability Ahead Of Fed Decision

Gold And Dollar Stability Ahead Of Fed Decision

Gold prices rose while the US dollar remained unchanged on Wednesday as investors awaited a two-day Fed meeting later in the day. The Federal Reserve held its first meeting of the two-day monetary policy meeting in September amid market bets that a 100% chance for the central bank announced on Wednesday that it would raise interest […]
EUR/USD Holding Its Breath Awaiting The Fed And Looks Slightly Bullish

EUR/USD Holding Its Breath Awaiting The Fed And Looks Slightly Bullish

The EUR/USD is trading in a very narrow range as the Fed decision is awaited.  A rate hike is on the cards now and in December, but the future is unknown. The technical picture tilts slightly in favor of the bulls. The EUR/USD is trading around 1.1760, moving in a very narrow range of 20 […]
Long And Short Of Short Interest – Wednesday, Sept. 26

Long And Short Of Short Interest – Wednesday, Sept. 26

Here is a brief review of period-over-period change in short interest in the September 4-14 period in nine S&P 500 sectors. XLB (SPDR materials ETF)   XLB (59.40) short interest is at an eight-month high. On September 20, the ETF was rejected at resistance at 61-plus, and has since come under pressure. Tuesday, the 200-day moving […]
Full FOMC Preview: What Wall Street Will Focus On

Full FOMC Preview: What Wall Street Will Focus On

On Wednesday at 2PM, the FOMC will publish its September rate decision and economic projections followed at 2:30PM ET by Chair Powell’s press conference. With a 25bps rate hike priced in, attention will be the on December 2018 meeting, as well as the 2019 “dots”, where the risk is that the median dot may fall given […]