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                        Black Friday

E Black Friday

“I see a red door and want to paint it black” – Rolling Stones In many ways, today is the key for understanding how the 2018 year will end. Not just because of retail spending in the US, but also because of the binary nature of the present market set up. Things are either black or […]
Morning Call For Friday, Nov 23

Morning Call For Friday, Nov 23

Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.45%) this morning are down -0.50% at a 3-1/2 week low as energy stocks tumble with Jan WTI crude oil prices (CLF19 -4.52%) down sharply by -4.28% at a 13-month low on signs of oversupply. Saudi Energy Minister Khalid Al-Falih said Saudi Arabia is producing in excess of 10.7 […]
Trucking Improved In October 2018

Trucking Improved In October 2018

Headline data for truck shipments similar trends and growth rates. Analyst Opinion of Truck Transport I tend to put heavier weight on the CASS index which continues to show a strong and upwardly trending rate of growth improvement year-over-year. However, this month the CASS rate of improvement is 6.2 % YoY whilst the ATA is […]
Markets: Friday

Markets: Friday

Overview: The US dollar is firmer against most of the major currencies. Japanese and Indian markets were closed for holidays and a weaker than expected flash EMU PMI helped keep the euro pinned near this week’s lows. Although the EU seemed to thrown UK’s embattled May a lifeline with some compromise wording in a draft declaration, […]
Bitcoin Daily Forecast

Bitcoin Daily Forecast

BTC/USD Bitcoin did almost nothing during the trading session on Thursday, not much of a surprise considering that the market is probably a bit exhausted from breaking through massive support, and of course, the Thanksgiving Day holiday was going on in the United States. Regardless, it’s obvious that breaking through the $5000 level is a […]
Chinese Stocks Tumble On Report Trump Asks Allies To Boycott Huawei

Chinese Stocks Tumble On Report Trump Asks Allies To Boycott Huawei

An explosive report published early last month detailing how Chinese intelligence managed to infiltrate hardware used by dozens of US companies and government agencies, from Apple to the Department of Defense, made clear one simple, if disturbing, fact: The US is losing the race to contain China’s sprawling intelligence apparatus as it becomes increasingly embedded in the […]
The Self-Righting Ship – Debt, Inflation And The Credit Cycle

The Self-Righting Ship – Debt, Inflation And The Credit Cycle

Source: Stromness Lifeboat The first self-righting vessel was a lifeboat, designed in 1789. It needed to be able to weather the most extreme conditions and its eventual introduction (in the 1840’s) transformed the business of recuse at sea forever. The current level of debt, especially in the developed economies, seems to be acting rather like […]
How Will The Rollback Of Dodd-Frank Affect Gold?

How Will The Rollback Of Dodd-Frank Affect Gold?

In May, President Trump signed the rewrite of the 2010 Dodd-Frank law passed earlier by Congress with rare bipartisan support. The bill is the biggest rollback of bank rules since the financial crisis. According to the new law, lenders with less than $10 billion in assets will be exempted from the Volcker rule that bans […]
USD/CAD Daily Analysis – Friday, Nov. 23

USD/CAD Daily Analysis – Friday, Nov. 23

USD/CAD is facing the channel support once again. A breakdown below the channel support would indicate that the upside movement from 1.2782 had completed at 1.3317 already, then further decline towards 1.2950 area could be seen. On the upside, as long as the channel support holds, the uptrend could be expected to resume and another […]
How President Trump Is Undermining U.S. Oil Producers

How President Trump Is Undermining U.S. Oil Producers

President Trump recently took credit for the plunge in oil prices since early October. As I noted in a recent article, it’s true that the President’s actions have contributed to the drop in oil prices, but at a cost that has been largely ignored. This week the President decided to share the credit for lower oil prices on […]