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Archives by Year:
Retail Rally Comes To A Screeching Halt
Toys R Us refuses to die. The hedge funds that own the debt of the bankrupt toy retailer decided to cancel an auction of assets and instead plan to revive the brand and even open new retail outlets. The prospects of another Toys R Us revival could become symbolic: the timing coincided with what looks […]
Strong US GDP Growth Expected To Moderate In Third Quarter
Economic output for the US is on track to post a slower-but-still-healthy gain in the preliminary GDP report for the third quarter that’s scheduled for publication later this month. The outlook is based on a set of nowcasts compiled by The Capital Spectator. The median Q3 estimate: a 3.2% increase, unchanged from the analysis in mid-September. […]
First Look At September: ADP Says 230K New Nonfarm Private Jobs
The economic mover and shaker this week is Friday’s employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, the most publicized being the month-over-month change in Total Nonfarm Employment (the PAYEMS series in the FRED repository). Today we have the ADP September estimate of 230K new nonfarm private employment jobs, […]
USDCAD Daily Analysis – Wednesday, Oct. 3
USDCAD remains in the downtrend from 1.3081, the bounce from 1.2782 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.2700 area. Resistance is at 1.2870, only a break of this level could bring the price back into 1.3000 zone.
Euro, Sterling And Yen Stabilize, While Antipodean Currencies Extend Losses
Overview: The US dollar is narrowly mixed against the major currencies. The dollar-bloc currencies are softer, with the Australian and New Zealand dollars pushed lower by poor data. The euro is posting corrective upticks after the $1.15 area held yesterday, and Italy may cut the budget deficit projected for 2021. The dollar eased to a […]
Back Room Deals
Did President Donald Trump collude with OPEC and cut a backroom deal? There are reports that maybe he did, and it might involve OPEC bringing more oil into the market. The President’s call for more OPEC oil was perhaps just a facade as he with full knowledge had a deal with the cartel to bring […]
“Shocking” Turkish Inflation Hits 15 Year High, Unleashing Stagflationary Shockwave; Lira Plunges
A few days ago we discussed how soaring oil prices have been a stagflationary double whammy to emerging markets, which have been hit not only by a surging dollar, resulting in a collapse in local currencies and spiking import costs, but a spike in local currency oil and gasoline prices resulting in a surge in inflation and […]
TransMontaigne Moves Oil, & Chemicals To Market
Today I’m reviewing a mid-cap oil and gas midstream firm named TransMontaigne Partners LP. It’s trading ticker symbol is TLP. TransMontaigne Partners LP is an oil pipeline and terminal company. It engages in terminal and transporting refined petroleum products, crude oil, chemicals, and fertilizer, in the Southeast and Gulf Coast and along the Mississippi and […]
How A Global Trade War Would Derail Recovery Worldwide
As the international community is becoming more aware of the threat the U.S.-Sino trade war poses to global growth, what was originally a bilateral tariff conflict is spreading across regions. During a press conference on September 26, President Donald Trump disclosed why he believes China, despite the U.S. tariff wars, respects him – because of […]
IWM Breaks Down, Daily Way Oversold – Likely Caught In Wide Range N/T
IWM is breaking down, losing one after another support. Amidst this, the daily is grossly oversold. A bounce can happen – or not. This perhaps creates an opportunity for a non-directional trade involving options. Small-caps are taking it on the chin. Hard. Large-caps are holding their own. Historically, they tend to move in tandem. […]
