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De-FANG’d – Bond Bloodbath & China Cheating Monkeyhammers Market

De-FANG’d – Bond Bloodbath & China Cheating Monkeyhammers Market

China remains closed for Golden Week, but Offshore Yuan broke significant support and is pushing back down to its cycle lows…   And Gold in Yuan bounced back to its relatively stable levels…   We warned yesterday (courtesy of Bloomberg’s Cameron Crise) that the velocity of the bond yield spike was not the friend of stocks… this yield […]
Costco Shares Fall On Fourth Quarter Earnings

Costco Shares Fall On Fourth Quarter Earnings

CNBC’s Eric Chemi reports on Costco fourth quarter earnings, which were in line with analyst estimates.
Small Caps Take Another Step Down

Small Caps Take Another Step Down

Small Caps weren’t able to recover the channel and another 1%+ loss was chalked up. It’s looking ever more likely a tag of the 200-day MA is on the cards. Relative performance actually ticked up despite the loss but this was an ugly day. The Semiconductor Index looks to be breaking support. The Chinese spy attack is […]
Europe: The Week Ahead

Europe: The Week Ahead

By Steven Levine Interactive Brokers senior market analyst Steven Levine provides some highlights for what to look for in the European region in the week beginning October 8. 
Mallinckrodt Selloff On Praxair FDA Approval Seen As Overreaction

Mallinckrodt Selloff On Praxair FDA Approval Seen As Overreaction

Shares of Mallinckrodt (MNK) are sliding following the FDA approval of an abbreviated new drug application for Praxair’s (PX) Noxivent. Commenting on the news, Stifel analyst Annabel Samimy argued that the stock selloff is an overreaction as its competitor will face high commercial hurdles to displace the INOmax System and noted that consensus estimates have […]
August 2018 Leading Index: Improves Marginally

August 2018 Leading Index: Improves Marginally

This post is a review of the Philadelphia Fed’s Leading Index and all major leading indicators – and their trends are generally slowing. Analyst Opinion of the Leading Indicator Forecasts Most of the leading indicators are based on factors which are known to have significant backward revisions – and one cannot take any of their trends […]
Big Name Funds Make A Killing As “Perfect Storm” Hits Bond Market

Big Name Funds Make A Killing As “Perfect Storm” Hits Bond Market

With a record pile-up of shorts stalking the benchmark 10Y US Treasury… … institutional funds who have been patiently betting against low yields in the United States and Europe are about to enjoy a big payday, as rates continue to rise across the globe and inflation finally picks up as the Phillips curve stirs from […]
Bond Market, Houston We Have A Problem!

Bond Market, Houston We Have A Problem!

A bond bear market approaches, asset classes around the world will react. Low-interest rate world is coming to an end, it has to, however, the period of change will not be plain sailing.  Click for popup. Clear your browser cache if image is not showing.   
Stocks And Precious Metals Charts – Brett And Circuses – Non-Farm Payrolls Tomorrow

Stocks And Precious Metals Charts – Brett And Circuses – Non-Farm Payrolls Tomorrow

It was a risk-off day, as bonds sold off globally, and yields rose higher. Stocks were in a swoon, just a day after the new highs.  Gold and silver lost a bit along with the Dollar. Go figure. Non-Farm payrolls report for September.  If the number comes in weakly they will blame Hurricane Florence. If it comes […]