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Goldman Admits ‘Global Economic Momentum’ At Lowest In 2 Years

Goldman Admits ‘Global Economic Momentum’ At Lowest In 2 Years

Seven of the ten underlying components of the Goldman Sachs’ Global Leading Indicator (GLI) weakened in February slightly to 3.46% in February, down from our January estimate of 3.56%. GLI momentum (MoM growth) decreased to 0.234% from 0.249% last month, the lowest level for GLI momentum since March 2016. The Global Leading Indicator (GLI) is a Goldman Sachs […]
Sentiment Snapshot: Turning Tides

Sentiment Snapshot: Turning Tides

So far, the recovery from the February correction is proving *not* to be a “v-shaped recovery”, and rather seems to be in a process of undertaking a classic “double-dip recovery”.  Headline risk has certainly been a driver, and at this point noise, sentiment, and signals are more intertwined than ever.  So it’s time to take a snapshot […]
Gold Prices Find Fresh Support As Trade War Fears Grip Markets

Gold Prices Find Fresh Support As Trade War Fears Grip Markets

Gold price found interim support and are attempting an offensive having touched a two-month low last week. The drop was set off by hawkish comments from Fed Chair Jerome Powell that tarnished the appeal of anti-fiat and non-interest-bearing assets. The move turned as US President Donald Trump unexpectedly hiked tariffs on steel and aluminum, shocking markets. Crude oil prices fell in […]
March 2018 Stock Considerations

March 2018 Stock Considerations

A few days into the month of March it is time, once again, to outline my potential stock picks for the month. After many, many months of a market that was on a never ending melt up run, we have been suddenly reacquainted with the notion of volatility. By any measure, the stock market has […]
S&P 500 And Nasdaq 100 Forecast – Monday, March 5

S&P 500 And Nasdaq 100 Forecast – Monday, March 5

S&P 500 The S&P 500 has initially fallen during the day on Friday, reaching down towards the 2650 level before bouncing. By the end of the day, we ended up forming a nice-looking hammer, and that is of course a good sign that we are going to continue to find buyers in this market. If […]
EUR/USD Awaits Bearish Pullback And Bullish Bounce At 1.2250

EUR/USD Awaits Bearish Pullback And Bullish Bounce At 1.2250

EUR/USD 4 hour The EUR/USD bullish breakout above resistance (orange/red) could restart the old uptrend whereas a bearish break below support makes a wave 4 (pink) less likely and a downtrend more probable. 1 hour The EUR/USD seems to have completed 5 bullish waves (blue) which could be a wave 1 (purple). The alternative is […]
Soup And Steel Tariffs

Soup And Steel Tariffs

U.S. Commerce Secretary Wilber Ross appeared on CNBC on Friday, 2 March 2018 to defend President Trump’s proposed 24% tariff on steel and 10% tariff on aluminum coming into the United States from foreign sources, during which he held up a can of Campbell’s Condensed Chicken Noodle Soup to claim the that tariffs would have […]
Sensex Opens 180 Points Down; Metal Stocks Fall

Sensex Opens 180 Points Down; Metal Stocks Fall

Asian stocks are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.38% while the Hang Seng is down 1.58%. The Nikkei 225 is trading down by 0.65%. US stocks closed well off session lows on Friday, helped by a sharp rise in health care shares. Back home, India share markets opened the day on a negative […]
The Correct Way To Look At Passive Funds

The Correct Way To Look At Passive Funds

There is a thought-provoking chart making its way around the investment community that demonstrates the rise of passive investment vehicles over the last decade. According to recent data, the amount of assets under management in index mutual funds and exchange-traded funds has risen to account for a 40% share of the total fund marketplace. That represents […]
Trump’s Trade Proposal Presents More Trading Opportunities

Trump’s Trade Proposal Presents More Trading Opportunities

Uncertainties in the global economy and financial markets are seen rising, buy safe assets such as gold? Trump’s trade proposal and Powell’s testimony add large uncertainties in both global economy and financial market this year President Trump’s trade proposal, as well as comments from new Federal Reserve Chairman Jerome Powell earlier last week, adds on […]