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NAFTA 2.0

NAFTA 2.0

While the left in Congress used McCarthy like tactics to destroy a man and his family and ignore the right of privacy to an emotionally scarred women, the Trump Administration continues to make strides to improve the lives of the average American worker. In a  major breakthrough, the U.S. and Canada agreed to rewrite NAFTA […]
S&P 500 Earnings Dynamics Ahead Of 3Q18 Reporting Season Next Week

S&P 500 Earnings Dynamics Ahead Of 3Q18 Reporting Season Next Week

Next week, 3Q18 earnings season gets underway. Estimates are a little lower than when the quarter began. This should help companies meet/beat numbers. Elsewhere, year-over-year growth in 2018 estimates has peaked. Historically, this has had repercussions for the S&P 500. Just in time for 3Q18 earnings season that begins in earnest next week, the sell-side […]
E
                                                
                        Markets: Oh Canada

E Markets: Oh Canada

The last-minute deal between the US/Mexico and Canada preserves NAFTA with a new name USMCA. The deal revises rules surrounding automobiles, the dairy sector and intellectual property, but does not resolve end the controversy surrounding US tariffs on steel and aluminium. Both CAD and MXN are stronger against the USD this morning. The markets are trading with a […]
Gold Forecast: October 2018

Gold Forecast: October 2018

Gold prices settled at $1191.47 an ounce on Friday, falling 0.63% on the week and 0.77% over the month. The strong greenback has been a major bearish element for the precious metal in recent weeks. Recent U.S. economic data have been broadly positive. Expectations that the Federal Reserve will deliver a fourth interest-rate increase this […]
Morning Call For Monday, Oct. 1

Morning Call For Monday, Oct. 1

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.59%) this morning are up +0.59% at a 1-week high and European stocks are up +0.50% on reduced global trade tensions after American and Canadian representatives announced a new trade deal to be known as the U.S.-Mexico-Canada Agreement or USMCA, which made modest revisions to the old Nafta […]
Billion Dollar Unicorns: Swiggy Enters The Club With Massive Funding

Billion Dollar Unicorns: Swiggy Enters The Club With Massive Funding

According to RedSeer Consulting, India as a market holds tremendous potential for food delivery apps with the sector recording a 125% increase in order volumes. A huge beneficiary of this trend is Indian food delivery startup that recently entered the Billion Dollar Unicorn club. Swiggy’s Offerings Swiggy was founded in August 2014 by Nandan Reddy, Sriharsha […]
Uptrend To Continue?

Uptrend To Continue?

The U.S. stock market indexes were mixed between 0.0% and +0.1% on Friday, as investors sentiment remained basically unchanged following some economic data announcements along with the third quarter’s ending. The S&P 500 index has reached the new record high of 2,940.91 more than a week ago on September the 21st. It currently trades 0.9% below that high. The Dow […]
Bitcoin Daily Forecast – Monday, Oct. 1

Bitcoin Daily Forecast – Monday, Oct. 1

BTC/USD The Bitcoin market tried to rally during the day on Friday but turned around to form a shooting star again. At this point, it’s obvious that the market doesn’t seem to have any type of directionality, and I think at this point the longer-term downtrend is continuing to hold the market down. On the […]
NAFTA Deal Struck, Softer EMU Mfg PMI, And Firm Greenback Starts Week

NAFTA Deal Struck, Softer EMU Mfg PMI, And Firm Greenback Starts Week

Overview: The Canadian dollar and Mexican peso are extending its pre-weekend gains on news that a new NAFTA deal (US-Mexico-Canada Agreement USMCA) has been struck. Against most of the other major and emerging market currencies, the US dollar is firm. China’s mainland and Hong Kong markets are closed for a national holiday. Japanese shares edged […]
The Risk Of An ETF Driven Liquidity Crash

The Risk Of An ETF Driven Liquidity Crash

Last week, James Rickards posted an interesting article discussing the risk to the financial markets from the rise in passive indexing. To wit: “Free riding is one of the oldest problems in economics and in society in general. Simply put, free riding describes a situation where one party takes the benefits of an economic condition without contributing […]