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                        Another Bad Day For Stocks

E Another Bad Day For Stocks

From my city’s Jewish Week newspaper, I learn that Orthodox men have a statistically significant lower rate of heart attacks than Orthodox women or other Jews, both in Israel and the USA. It turns out that they benefit from phylacteries, with which they wrap their right arms with leather straps and a copy of the Shema, the […]
Give China A Holiday?

Give China A Holiday?

If it sounds like the United States is divided and on the verge of some really nasty times, what must it be like in Brazil? In early September, Presidential candidate Jair Messias Bolsonaro was stabbed in plain sight at a campaign rally, the attack caught on video and widely circulated worldwide. It was an ugly […]
“We’re In Uncharted Territory”: In Historic Milestone, Leveraged Loan Market Overtakes Junk Bonds

“We’re In Uncharted Territory”: In Historic Milestone, Leveraged Loan Market Overtakes Junk Bonds

At the start of the month, we highlighted that the “incredibly shrinking junk bond spread” had just passed a historic landmark, when the Bloomberg Barclays U.S. Corporate High Yield index broke below the lowest spread since before the financial crisis, dipping to 309bps, the tightest level since late 2007. The key reason for this relentless demand for “junk […]
The Most Dangerous Setup

The Most Dangerous Setup

By necessity, today’s topic will venture into the world of politics, so I warn you now – you might be offended. Actually, I have decided to cut jabs at all politicians, so if you feel like your team has been maligned, just read on, I will probably be even worse to the other side. I […]
PayPal, AmEx Outperform On Q3 Earnings

PayPal, AmEx Outperform On Q3 Earnings

We’ve seen a big day of earnings reports now that Q3 earnings season has gotten hot and heavy: both PayPal (PYPL – Free Report) and American Express (AXP – Free Report) have reported Q3 results after the closing bell today, and both look to have performed well, even as the stock market continues to trade without lots of confidence […]
Market Talk – Thursday, Oct. 18

Market Talk – Thursday, Oct. 18

A weak session for much of core Asia, with almost all markets falling from the opening. Sadly, it is China that leads the way down again. Many are speculating that it is in relation to the FED Minutes and their continued appetite to raise rates which pressures all currencies favoring the USD. The Shanghai index […]
‘Bear Flags’ Take Shape In Indices

‘Bear Flags’ Take Shape In Indices

Since the last update indices got their bounce but the last couple of days have seen these gains gradually erased. Over the course of the week, the entire bounce has the look ‘bear flags’ as part of larger measured moves lower. Should this emerge then indices will be close to offering the long-term ‘buy’ signals I track […]
AUD/USD Recovery Vulnerable To Fresh Series Of Lower Highs & Lows

AUD/USD Recovery Vulnerable To Fresh Series Of Lower Highs & Lows

AUSTRALIAN DOLLAR TALKING POINTS AUD/USD struggles to hold its ground despite the bullish reaction to Australia’s Employment report, and the advance from the 2018-low (0.7041) may continue to unravel as the exchange rate initiates a fresh series of lower highs & lows. AUD/USD RECOVERY VULNERABLE TO FRESH SERIES OF LOWER HIGHS & LOWS The near-term rebound […]
Why SiriusXM Stock Is A Stock To Hold Long Term

Why SiriusXM Stock Is A Stock To Hold Long Term

When the concept of satellite radio came about, many people scoffed at the idea. Why pay for something you get 100% for free? I was one of these people. Why would I spend my money on a subscription to SiriusXM (Nasdaq: SIRI)? Well, one day I decided to take the plunge, just to see what it […]