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Is The Australian Dollar Signaling A Resumption Of The US Dollar’s Advance?

Is The Australian Dollar Signaling A Resumption Of The US Dollar’s Advance?

The US dollar strengthened following the midterm election and the Federal Reserve’s signal that it intends to continue gradually hiking interest rate. The Antipodean currencies have been the strongest over the past month and the past week. The New Zealand dollar gained 1.6% to lead the majors higher over the past week, which brings to a 4.3% gain […]
AskSlim Market Week – Saturday, Nov. 10

AskSlim Market Week – Saturday, Nov. 10

Real Rates Continue To Soar While Fed Does And Says Almost Nothing New

Real Rates Continue To Soar While Fed Does And Says Almost Nothing New

Under Powell’s reign, the FOMC statements have gotten shorter. It’s not as if the policy has suddenly simplified since the rate hikes in 2019 will push rates near the neutral rate or above it, making the decisions difficult. Secondly, the Fed is continuing with its balance sheet unwind which is probably going to end in […]
Earnings Estimates Keep Falling

Earnings Estimates Keep Falling

Earnings Estimates – Small Caps Undervalued? As you can see from the chart below, the forward PE of Russell 2000 firms is below the forward PE of Russell 1000 firms. At the end of October, the forward PE of Russell 2000 firms was 14.9 and the forward PE of Russell 1000 firms was 15.8. This […]
5 Top-Ranked Growth ETFs & Stocks To Tap Post Mid-Term Rally

5 Top-Ranked Growth ETFs & Stocks To Tap Post Mid-Term Rally

The mid-term election outcome has sparked a rally in the stock market. Democrats won the House of Representatives as expected while the Republicans maintained control of the Senate. This has resulted in a split Congress with a Republican president. In fact, both the Dow Jones and the S&P 500 logged in the biggest post-midterms gain […]
USDCHF Retains Broader Upside Bias, Eyes 1.0094 Region

USDCHF Retains Broader Upside Bias, Eyes 1.0094 Region

USDCHF retains broader upside bias with key resistance located at 1.0094. Further out, resistance resides at the 1.0150 level where a breach will clear the way for more strength to develop towards the 1.0200 level. Above here, resistance comes in at the 1.0250 level followed by the 1.0300 level. On the downside, support lies at […]
ECRI Weekly Leading Index Update: WLIg At -2.6

ECRI Weekly Leading Index Update: WLIg At -2.6

This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 145.0, down from the previous week’s 146.1. Year-over-year the four-week moving average of the indicator is now at 0.19%, down from last week. The WLI Growth indicator is now at -2.64, also down from the previous week. “Eurozone: […]
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                        Finding Bargains Among S&P 500 Stocks

E Finding Bargains Among S&P 500 Stocks

The S&P 500 index suffered a significant decline last October; from its 52-week high of 2939.86 on October 3, it dropped 11.44% to as low as 2603.54 on October 29. However, it has recuperated 6.82% since then to close on November 9 at 2781.01. Nevertheless, 70 companies among the S&P 500 index components have seen […]
Smaller-Than-Expected US Corn & Soybeans Crops Rebound Values

Smaller-Than-Expected US Corn & Soybeans Crops Rebound Values

Market Analysis  The USDA stunned the market when they (1) used recently revised Chinese corn crop and stocks numbers (out 11/7) in their world data and (2) dramatically slashed US bean exports by 160 million bu. just 3 weeks ahead of the first US/China trade talks in 6 months at the G-20 meetings on Nov […]