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China Manufacturing More Than 2-Year Low: ETFs In Focus

China Manufacturing More Than 2-Year Low: ETFs In Focus

Nov 02, 2018 Finance 0

China’s manufacturing sector expanded at its lowest pace in over two years. The economy has been hardly hit by the ongoing trade war with the United States. The official Manufacturing Purchasing Managers Index (PMI) which points to business conditions in the country dipped to 50.2 from 50.8 in September. A reading above 50 points toward […]
$1000 Invested In Apple IPO In 1980 Would Be This Much Now

$1000 Invested In Apple IPO In 1980 Would Be This Much Now

Nov 02, 2018 Finance 0

Apple – on Thursday – lost its $1 trillion valuation for a short time after its shares dropped 7% following a weak outlook. Despite the drop and weak outlook, Apple’s stock is the top choice of most investors and analysts. And, if past returns are anything to go by, investors can still expect handsome returns from […]
The Nothing Of US Trade

The Nothing Of US Trade

Nov 02, 2018 Finance 0

US imports rose sharply (seasonally-adjusted) in September 2018 over August. Both with and without petroleum, the year-over-year gains (unadjusted) were about 9%. September, however, will be the last month of favorable comparisons. Over the next few months, last year’s artificial hurricane-related surge will move into the base for comparisons. Exports were up far more modestly, […]
Saudi Arabia Proves That Oil Is Power

Saudi Arabia Proves That Oil Is Power

Nov 02, 2018 Finance 0

The killing of Saudi Arabian dissident Jamal Khashoggi – and the debate over what to do about it – provides a stark reminder of the economic power wielded by Saudi Arabia. According to the 2018 BP Statistical Review of World Energy, in 2017 Saudi Arabia produced 12 million barrels of oil per day. That accounted for […]
Stocks And Precious Metals Charts – Winter Is Coming – FOMC Next Week

Stocks And Precious Metals Charts – Winter Is Coming – FOMC Next Week

Nov 02, 2018 Finance 0

Stocks put in another ‘pop and flop’ kind of day, finishing nearly unchanged after a ranging day of highs and lows that were remarkable. This is not bullish, and not a constructive action for equities. Bully better hope that nothing untoward happens to trigger a selloff before corporations can start using their tax cut money […]
USDJPY Eyes Short-Term Trend Resumption On Price Reversal

USDJPY Eyes Short-Term Trend Resumption On Price Reversal

Nov 02, 2018 Finance 0

USDJPY eyes short-term trend resumption following a reversal of its Thursday losses on Friday. On the downside, support sits at the 113.00 level where a break will target the 112.50 level. A breakthrough that level will turn focus to the 112.00 level and then lower towards the 111.50 level. On the upside, resistance comes in […]
S&P 500, Dow ETFs Saw Substantial Inflows To Close Out October

S&P 500, Dow ETFs Saw Substantial Inflows To Close Out October

Nov 02, 2018 Finance, No picture 0

After scrambling out of correction territory earlier in the week, the S&P 500 closed slightly lower Friday. At the close, the index is now -7.15% below its peak on September 21st. Still, meaningful gains were posted this week and the index is once again positive for 2018. Some investors may have sensed a bottom as they poured […]
Stocks Aren’t Out Of The Woods Despite This Week’s Bounce

Stocks Aren’t Out Of The Woods Despite This Week’s Bounce

Nov 02, 2018 Finance 0

After last week’s sharp decline, stocks bounced a bit this week, and the talking heads on TV could hardly contain themselves. Unfortunately, this week’s bounce does absolutely nothing to negate the major technical breakdown that occurred last week.  According to the chart below, the S&P 500 is still below its uptrend line, which means that the […]
Where In The World Is R* And Phillips Curve Inflation?

Where In The World Is R* And Phillips Curve Inflation?

Nov 02, 2018 Finance 0

Our October report reviewed the limitations of the Phillips Curve in forecasting inflation as it relates to unemployment. Essentially economists interpretation of Phillips posit that lower unemployment equates to higher inflation. This view was created in the 1970’s post Gold/Currency Standard during the inflationary Baby Boom employment surge. Should the overall CPI rise above 4 to 5% or the […]
October 2018 ECRI’s WLI Growth Rate Index Slips Further Into Contraction

October 2018 ECRI’s WLI Growth Rate Index Slips Further Into Contraction

Nov 02, 2018 Finance 0

ECRI’s WLI Growth Index which forecasts economic growth six months forward declined and in contraction. Analyst Opinion of the trends of the weekly leading indices The current forecast is a slight economic contraction six months from today. Here is this week’s update on ECRI’s Weekly Leading Index (note – a positive number indicates growth): Weekly […]