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Jobless Claims Move Towards A “1” Handle

Jobless Claims Move Towards A “1” Handle

In their quarterly conference call on Thursday, Darden (DRI) CEO Gene Lee noted that the “workforce pool in the US is shrinking,” and this week’s Jobless Claims report confirmed that sentiment. While first-time claims were expected to come in at an absurdly low level of 210K, the actual reading was even lower at 201K. That’s […]
All-Time Highs Look To Be Achieved Today

All-Time Highs Look To Be Achieved Today

My Swing Trading Approach The bulls look to extend Tuesday’s rally, and I will attempt to add 1-2 quality trade setups as well as long as the early morning strength manages to hold.  Indicators Volatility Index (VIX) – VIX dropped a resounding 8.1% yesterday, taking it below key support, and possibly targeting a move into the […]
Post-Lehman Legacy And Gold

Post-Lehman Legacy And Gold

Have we learned anything from Lehman Brothers’ bankruptcy? On Saturday, there was a 10-year anniversary of the symbolic beginning of the global financial crisis. So it’s a great opportunity to discuss lessons from the Lehman’s collapse and the post-crisis legacy for the gold market. Too Little Capital 10 years ago, Lehman Brothers collapsed, which is […]
Why 80% Of Americans Face A Retirement Crisis

Why 80% Of Americans Face A Retirement Crisis

Fox Business recently discussed a new study showing that more Americans doubted they would be able to save enough for retirement than those confident of reaching their goals. There were some interesting stats from the study: 37% are NOT confident they can save enough to retire 32% ARE confident they can save enough.  48%, however, don’t […]
Here Comes Round 2: Tilray Set For Another Insane Day After Huge Premarket Swings

Here Comes Round 2: Tilray Set For Another Insane Day After Huge Premarket Swings

Some have called it the “pot.com” mania and it was on full display yesterday with momentum frenzy stock du jour, Tilray, went absolutely berserk. Bloomberg’s Arie Shapira perhaps summarized the pot stock mania best, “with everyone and their mother either watching the madness unfold on their trading screens, trying to get a borrow to short the […]
Bubble Watch: The Sovereign Bond Bubble Is Getting Dangerously Close To Its “Needle”

Bubble Watch: The Sovereign Bond Bubble Is Getting Dangerously Close To Its “Needle”

As if we didn’t have enough reasons to be concerned about stocks already, the bond market is blowing up again. Why does this matter? Because the entire move in the financial markets since 2008 has been based on Central Banks cornering the bond market. In the simplest of terms, Central Banks dealt with the crash […]
Journey To A Global Databank: Piecing Together The Puzzle

Journey To A Global Databank: Piecing Together The Puzzle

Understanding The Endgame Helps Investors Make Sense Of Seemingly Random Developments In Cryptocurrencies And Blockchain Over the past few weeks, we have been talking about the core principles behind the unfolding cryptocurrency and blockchain revolution. And while understanding this big picture is essential for its own sake, it’s also important because it helps us put […]
A Hypothesis For Prof. Krugman: The Transmission Method Was Fear

A Hypothesis For Prof. Krugman: The Transmission Method Was Fear

In his recent column disagreeing with Ben Bernanke, Paul Krugman asks for an explanation as to how a financial panic could lead to years thereafter of a slow recovery. Specifically, Krugman says that he “really really wants to hear about the transmission mechanism.” After all, the financial panic eased in 2009. And yet, outside of […]
Why Emerging Markets Are A Dead Money Trade

Why Emerging Markets Are A Dead Money Trade

In our most recent MIR we talked briefly about the growth struggles of EM in the context of the Gerschenkron Growth model, using China as our example. Our conclusion was that China, and EM in general, is set to be a dead money trade and massive value trap for the remainder of this cycle. So let’s flesh […]
Big News (Technically) For EUR/USD

Big News (Technically) For EUR/USD

EUR/USD is trading at 1.1744 right now, breaking above major resistance levels. A daily close above 1.1730 and higher will be good news for the pair. With price making higher highs and higher lows trend remains bullish. As long as price is above 1.1650 I feel confident that we are going to see 1.18-1.19 next […]