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Calm After The Storm

Calm After The Storm

Markets are extremely quiet this morning following Wednesday’s fireworks. There’s still been a number of big earnings reports from the likes of Qualcomm (QCOM), News Corp (NWSA), and Square (SQ) to name a few. Jobless claims came in at 214K, which was right around expectations of 213K. At 2 PM we will hear from the FOMC […]
What To Expect As The Fed Meets Today

What To Expect As The Fed Meets Today

Today, the Federal Reserve will release its monetary policy statement for the month. This is a highly anticipated release although no major announcement is expected to be made. The Fed will likely leave interest rates unchanged. Traders will, however, pay close attention to the accompanying statement that will give an indication of the December decision. […]
Market Internals Continue To Tell Us A Worrisome Story

Market Internals Continue To Tell Us A Worrisome Story

Mike Larson, Editor of the Safe Money Report shares his thoughts on the US markets and how money has been shifting to safer investments. The election results are not going to change this trend which is why Mike thinks we could be in this topping pattern for a while. We also discuss the strategy for […]
Both Parties Won. And Gold?

Both Parties Won. And Gold?

US mid-term elections are behind us. Surprisingly, both parties won! How is it possible? Let’s read our article and find out! We will also explain what the election results imply for the world and the gold market. Democrats Win The elections were very interesting. We provide you with the key takeaways, focusing on the possible […]
Weekly Unemployment Claims – Thursday, Nov. 8

Weekly Unemployment Claims – Thursday, Nov. 8

Here is the opening statement from the Department of Labor: In the week ending November 3, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 1,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 214,000 to 215,000. The 4-week moving average was 213,750, […]
AUD/USD Long In Good Shape, Profit Taken On GBP/USD Trade

AUD/USD Long In Good Shape, Profit Taken On GBP/USD Trade

When the Fed does raise its target rate by another 25bp, most probably in December, it will most likely lift the interest on excess reserves by less than 25bp in order to push the effective fed funds rate back to the middle of the target band; the same approach it used in June. There is […]
Homebuilder Stocks; Is It 2007 All Over Again?

Homebuilder Stocks; Is It 2007 All Over Again?

Housing market concerns are bubbling up once again. Remember the 2007 housing bubble? Well, this may not end the same way, but it’s definitely worth noting the weakness in the housing sector. Especially the homebuilders (via the Dow Jones Home Construction Index). Take a look at the chart below. Notice the similarities? A similar bearish descending triangle to 2007 could […]
Tesla Names Telstra’s Robyn Denholm As Full-Time Board Chair

Tesla Names Telstra’s Robyn Denholm As Full-Time Board Chair

Tesla (TSLA) announced that Robyn Denholm has been appointed as chair of its board, effective immediately. “So that she will be able to devote her full attention to the Tesla Chair role, Robyn will be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company, once her six-month notice period […]
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                        Markets: Throttled

E Markets: Throttled

We all know the euphoria of speed, racing fast with no fear, dashed with the throttle back as the joy-killer, the brake back to reality, forced usually by some mechanical limitation rather than some regard for the actual speed limit. The balancing act of rates against equities is back in play today, as the gridlock […]
Hoodwinked

Hoodwinked

As oil continued its price plunge in a President Donald Trump engineered sell-off, it appears that some members of OPEC feel like they have been hoodwinked. Apparently, Saudi Arabia and other OPEC members feel like President Trump misled them into raising oil production to create a short-term oversupplied market. President Trump signaled that he was […]