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Gold From Soup To Nuggets

Gold From Soup To Nuggets

Gold’s change for the week just past? A zip-zero-nada bona fide nothing burger. Well, it did sport a net gain for the week of 30¢ having settled the prior Friday at 1323.7 and now yesterday at 1324.0. En route, price made both a “higher-low”, but also a “lower-high”, referred to by traders as an “inside week”. Fairly […]
USD/CAD Weekly Analysis – Sunday, March 11

USD/CAD Weekly Analysis – Sunday, March 11

USD/CAD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.2248. As long as the price is above the trend line, the fall from 1.3000 could be treated as consolidation of the uptrend and further rise towards 1.3200 could be expected after the consolidation. On the downside, a […]
West’s Household Spending Heads For Decline As Population Ages And Trade War Looms

West’s Household Spending Heads For Decline As Population Ages And Trade War Looms

  As promised last week, today’s post looks at the impact of the aging of the BabyBoomers on the prospects for economic growth. The fact that people are living up to a third longer than in 1950 should be something to celebrate.  But as I noted in my Financial Times letter, policymakers are in denial about the importance […]
Weekly S&P 500 Chartstorm: 10 Deceptively Simple Charts

Weekly S&P 500 Chartstorm: 10 Deceptively Simple Charts

Those who follow my personal account on Twitter will be familiar with my weekly S&P 500 #ChartStorm in which I pick out 10 charts on the S&P 500 to tweet. Typically I’ll pick a couple of themes and hammer them home with the charts, but sometimes it’s just a selection of charts that will add to your […]
How Nvidia (NVDA) Can Justify Its Stock’s Sky-High Valuation

How Nvidia (NVDA) Can Justify Its Stock’s Sky-High Valuation

Shares of Nvidia (NVDA – Free Report) gained about 1.5% on Friday, extending the red-hot stock’s impressive run and lifting its three-month gains to over 25%. The Wall Street darling remains a dominant player in the gaming industry, but its ongoing rise to the top of the technology sector comes on the back of tireless […]
EC
                        
                        Is Cash No Longer Trash?

EC Is Cash No Longer Trash?

Short-term bond yields (1-month through 3-years) are hitting their highest levels in over 9 years. Why? The market (Fed Funds Futures) is expecting the Federal Reserve to hike rates 3 more times in 2018: a 25 basis point move in March, a 25 basis point move in June, and a 25 basis point move in […]
The New Fama Puzzle, Post-ZLB

The New Fama Puzzle, Post-ZLB

In a previous post, I documented the fact that the Fama puzzle had transformed post-global financial crisis, so that for most currency pairs, interest rate differentials pointed in the right direction for subsequent exchange rate depreciation, from 2006 through end-2015 (Bussiere, Chinn, Ferrara, Heipertz (2018)). Here I show that the new puzzle persists through the […]
Will Participation Be Enough?

Will Participation Be Enough?

All I have energy for today is to post one of my favorite charts, and to make just a few comments. The NASDAQ is hitting new highs. Technology stocks are looking very strong, and they are helping to pull the market higher. New 52-week lows have pulled way back, and new 52-week highs are starting […]
10 High Probability Swing Trades

10 High Probability Swing Trades

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Japanse Yen Vulnerable As Anxious Markets Find Relief

Japanse Yen Vulnerable As Anxious Markets Find Relief

Fundamental Forecast for the Japanese Yen: Neutral Japanese Yen suffers first drop in a month as sentiment risks recede BOJ forcefully pushing back against stimulus unwinding speculation On-trend US data unlikely to sour risk appetite, leaving Yen at risk After a month of steady gains, the Yen began last week perched at the highest level since mid-2017. Investors […]