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Fund Managers Are Bullish On American Stocks

Fund Managers Are Bullish On American Stocks

Fund Managers – Bearish Emerging Markets, Bullish On America The Chinese economy seems in a tailspin. Fund managers surveyed by Merrill Lynch expect global growth to fall in the next 12 months. As you can see from the chart below, the September z-score on American stocks is the highest at 1.3. The recent sell-off in […]
Under Armour Rises After Announcing 3% Cut To Global Workforce

Under Armour Rises After Announcing 3% Cut To Global Workforce

Shares of Under Armour (UA, UAA) are rising after the company provided an update on its restructuring plan and announced a roughly 3% cut to its workforce. RESTRUCTURING PLAN: On Thursday, Under Armour announced an update to its 2018 restructuring plan and an approximately 3% cut to its global workforce. Previously, the company expected to […]
Take Collateral In Physical Gold If You Lend Money To Your Bank

Take Collateral In Physical Gold If You Lend Money To Your Bank

Will this be the Fall of Falls. 10 years after the Lehman collapse, will we again have an Autumn of Shocks in financial markets? The odds are very high! Overstretched stock markets look extremely vulnerable including 13 recent Hindenburg Omens for the US market. The Dollar could soon be on its final leg to oblivion and US […]
Diageo’s Credit Profile Dampens After Currency-Related Profit Warning

Diageo’s Credit Profile Dampens After Currency-Related Profit Warning

By Steven Levine British alcoholic beverage company Diageo (NYSE: DEO, LON: DGE) has felt the sting of foreign currency volatility, despite the recent recovery of certain riskier emerging market assets. The London-based firm, responsible for iconic brands, including Johnny Walker, Tanqueray, and Captain Morgan, claims to produce over 6.5bn liters of its products from more than […]
5 Top Bank Stocks To Buy On Surging Bond Yields

5 Top Bank Stocks To Buy On Surging Bond Yields

Bond yields rose on Sep 19, extending the week’s climb, as investors took escalating trade related tensions in stride, and focused more on solid economic data and promising corporate outlook. The yield on the 10-year Treasury note, a benchmark for interest rates, has hit a four-month high. The Federal Reserve, in fact, has stepped up […]
S&P 500 Bulls Vs Bears – The Long Term View

S&P 500 Bulls Vs Bears – The Long Term View

This is one of my old favorite charts. It looks at the combined, smoothed longer-term trend in investor sentiment from the AAII survey and the II sentiment surveys.  The last time I really talked about this chart was back in 2016 when the twin corrections drove a big reset in sentiment, where bulls got washed out and bearishness became […]
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                        EUR/AUD Is Trading Bullish – Elliott Wave Analysis

E EUR/AUD Is Trading Bullish – Elliott Wave Analysis

EUR/AUD is in strong uptrend from June 2018 low which now looks more and more like an impulse in progress so we can expect market to unfold a five-wave move from 1.5280 area especially if we consider that market is breaking above former blue wave 3 highs, so there is a chance that blue wave […]
Hong Kong And The Road To Recovery

Hong Kong And The Road To Recovery

We are following the road to perdition There is increasing awareness that another financial crisis is in the offing, and, of course, everyone has an opinion as to what will trigger it and what form it will take. But there is broad agreement that since the Lehman crisis ten years ago, instead of resolving the […]
Existing Home Sales Flat Following Four-Month Decline

Existing Home Sales Flat Following Four-Month Decline

“It was a disappointment, but at least it wasn’t a loss. Existing home sales were expected to increase in August.” Mortgage News Daily reports Existing Home Sales Level Out After Long Decline. It was a disappointment, but at least it wasn’t a loss. Existing home sales, which were expected to increase in August after four straight […]
Initial Jobless Claims Plunge To Lowest Since The ’60s

Initial Jobless Claims Plunge To Lowest Since The ’60s

The last time initial jobless claims were this low (1969), Abbey Road was #1 on the charts, and a recession broke out… At 201k, initial claims are the lowest since 1969, and continuing claims are also plunging, to the lowest since 1973… As good as it gets?