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Why Russia Dominates OTC While Malta, Belize Lead Exchange Sector

Why Russia Dominates OTC While Malta, Belize Lead Exchange Sector

Malta and Belize are currently reported to be leading the cryptocurrency exchange industry in terms of trade volume. On the other hand, Russia leads the way in over-the-counter (OTC) crypto transactions with over 2,000 bitcoin being traded weekly in Moscow. Local reports estimate that daily crypto trading figures in the country’s capital reach $50 million with […]
The Debt Is High, But Does It Matter?

The Debt Is High, But Does It Matter?

The US stock market has been on a fantastic run in 2018 even though returns are close to the historical average because other markets have seen weakness. As you can see from the chart below, US stocks underperformed last cycle and outperformed this cycle.  Source: Bank Of America Merrill Lynch Some of this relative performance is caused […]
Emerging Market Euphoria Is Back With A Bang

Emerging Market Euphoria Is Back With A Bang

Traditionally, every time 10Y US Treasury Yields have jumped solidly above the 3% level – as they have in recent days – Emerging Markets were among the first casualties. But not this time, in fact, quite the opposite as developing-nation stocks climbed for the fifth time in six days and the lira and rand led […]
Homebuilder Confidence Stays Steady In September: 5 Top Picks

Homebuilder Confidence Stays Steady In September: 5 Top Picks

The confidence level among the nation’s homebuilders for newly-built, single-family homes remained unchanged in September from the prior month on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Although builders remain perturbed with rising costs and continued shortage of skilled labor, a growing economy and rising income along with increasing household formations […]
Processing Powell’s Rout

Processing Powell’s Rout

The US is going it alone. The rest of the world isn’t so synchronized like it was, purportedly, in 2017. No matter, at least for Americans. Even Europe, last year’s poster boy for what this upswing was going to accomplish, has thoroughly disappointed. The United States is just going to have to leave everyone else […]
“Stupid Time” For Pot Stocks

“Stupid Time” For Pot Stocks

“This is just stupid time. I can’t believe the valuations at this stage”, says Investitute co-founder Jon Najarian. The new mania is pot stocks. Valuations are beyond absurd, which is what always happens in bubbles. Investitute co-founder Jon Najarian says It’s Stupid Time. In June, Canada announced it will legalize recreational marijuana use effective Oct. 17, […]
Natural Gas Takes A Breather

Natural Gas Takes A Breather

After spiking over 4% yesterday, the October natural contract pulled back slightly today, settling down a bit less than a percent.  On the day the October contract saw by far the largest loss with the rest of the strip more stable.  The result was a decent move back in the V/X October/November spread that has […]
U.S. Equity Market Video – Wednesday, Sept. 19

U.S. Equity Market Video – Wednesday, Sept. 19

The Neatest Idea Ever For Reducing The Fed’s Balance Sheet

The Neatest Idea Ever For Reducing The Fed’s Balance Sheet

I mentioned a week and a half ago that I’d had a “really cool” idea that I had mentioned to a member of the Fed’s Open Market Desk, and I promised to write about it soon. “It’s an idea that would simultaneously be really helpful for investors and help the Fed reduce a balance sheet that they […]
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                        Tilray Goes Cray-Cray

EC Tilray Goes Cray-Cray

  I’ve disclosed a few times here that last December I bought the ETFMG Alternative Harvest ETF (MJ) on the first or second day after it changed from a Latin America real estate ETF. When I first bought there was some excitement and the fund went up a little, then it went down a lot […]