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Industrials Softening

Industrials Softening

Copper Some Industrials are acting soft here. For Copper, a decisive decline below 264 would complete an H&S failure pattern with a target of 235. I believe that the decline on Friday was a Wyckoff Sign of Weakness day – and Friday’s high should not be penetrated. I am willing to short Copper if the market […]
Is The Fed Hinting At Inflation Worries?

Is The Fed Hinting At Inflation Worries?

Last week’s action gave traders another case of whiplash. The markets rose sharply following the midterm elections. In fact, the 60-point move up in the SPX 500 on Wednesday was the ninth best ever. On Thursday, the Fed passed on a rate hike, issued a hawkish statement and seemed to hint at inflation worries. Do we need […]
Infibeam Bootstraps To Success In Indian E-Commerce Market

Infibeam Bootstraps To Success In Indian E-Commerce Market

According to India Brand Equity Foundation (IBEF), the Indian e-commerce market is projected to grow 51% annually from $39 billion in 2017 to $120 billion by 2020 driven by a young demographic profile and rising internet penetration. Infibeam Avenues is a listed Indian company that provides e-commerce and payment solutions to businesses and government agencies. Infibeam’s […]
Trump Blames Market Drop On Democrats “Harassing” The President

Trump Blames Market Drop On Democrats “Harassing” The President

Last Wednesday’s euphoric post-midterm election market surge, which was the second biggest post-election rally since 1982… … is now history, with the S&P virtually unchanged, and the Nasdaq now below last week’s post-election ignition point. Which, paradoxically, is what Trump “predicted” two weeks ago when the president said that the market would drop if Democrats won the […]
Fed All Set For December Rate Hike: 4 Fund Picks

Fed All Set For December Rate Hike: 4 Fund Picks

The Fed with a clear majority decided to keep interest rates unchanged at the end of its latest two-day policy meeting this month. However, the Fed sees a near-perfect economic environment to keep gradually increasing rates. Market watchers, moreover, believe that the Fed’s latest policy statement indicates that a near-certain rate hike in December. Further, […]
If The German Economy Squeezes, EUR/USD Will Squeeze, Regardless Of Expectations

If The German Economy Squeezes, EUR/USD Will Squeeze, Regardless Of Expectations

Germany is expected to report a report an outright contraction in Q3.  If realized, the news could weigh on the Euro regardless of the low expectations. A recession in Germany seems unlikely, but a negative quarter means it cannot be ruled out. Germany, the largest economy in the euro-zone, publishes its preliminary Gross Domestic Product […]
Alibaba Set A New Sales Record On Singles’ Day

Alibaba Set A New Sales Record On Singles’ Day

Alibaba (BABA) had another incredible sales day with a reported $30.8 billion in sales in 24 hours, its 10th annual Singles’ Day sale. The growth actually slowed to 27% which was the slowest growth for the Chinese internet giant. The sales number dwarfs the revenue from all US retailers during Black Friday ($5 billion in 2017), Cyber Monday […]
Inflation Expectations Surveys

Inflation Expectations Surveys

Below is a chart showing inflation expectations across a number of key economic surveys dating back to 2013. Across the market, there are lots of inflation headwinds for businesses at the moment, but core inflation has likely peaked out for the time being. Consumers are still reporting steadily (albeit modestly) rising inflation expectations. On Friday, the […]
Is A 1,000% Rally In 5-Years Enough

Is A 1,000% Rally In 5-Years Enough

This chart looks at the yield of the 2-year note and its 5.5-year performance since 1999. The 2-year yield looks to have double bottomed in 2013 and since then it has been swiftly moving higher inside of rising channel (1). The 2-year yield is currently up over 1,100% since the lows in 2013. This rally has […]
GE Collapses To A $7 Handle After CEO Fails To Inspire

GE Collapses To A $7 Handle After CEO Fails To Inspire

Having blown through $9 last week, GE is crashing back below $8 for the first time since March 2009’s freefall after new CEO Lawrence Culp failed to inspire optimism in a CNBC interview… General Electric’s most important goal is cutting its debt levels, Chief Executive Officer Larry Culp said in his first public comments since the company spooked […]