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Muted Start To Busy Week

Muted Start To Busy Week

After a wild week to close out October and kick-off November, US equity futures are trading pretty much flat to kick off the week. Even more surprising about the lack of movement in either direction is that overnight we heard a major speech from Chinese President Xi at the China International Import Expo in Shanghai, tomorrow is […]
The World Reduces Dependence On The U.S. Dollar

The World Reduces Dependence On The U.S. Dollar

There is a growing global trend of ditching the United States dollar. Russia announced it is replacing its U.S. currency holdings while conducting trade with African nations. Chairman of the Russian Zimbabwe Business Council, told reporters, “I think it’s possible to use other currencies in Africa.” The Russian bank is expecting to extend its activities […]
Junk Bonds Continue Divergence, Testing 9-Year Support

Junk Bonds Continue Divergence, Testing 9-Year Support

Junk Bonds have sent an important message to stocks at important tops and bottoms over the past 20-years! Junk bonds sent bullish messages to stocks as they created bullish divergences at the lows in 2003 and 2009. They also created bearish divergences, sending a negative message to stocks in 2000 & 2007, as they turned lower […]
Uncertainty Following Last Week’s Rebound

Uncertainty Following Last Week’s Rebound

The U.S. stock market indexes lost between 0.4% and 1.0% on Friday, extending their short-term fluctuations, as investors reacted to the monthly jobs data release along with some quarterly corporate earnings releases. The S&P 500 index remained above the level of 2,700, following Wednesday’s breakout. It was 11.5% below September the 21st record high of 2,940.91 on Monday a […]
Are You Ready For A Three Way Split?

Are You Ready For A Three Way Split?

A broad rally has emerged over the weekend across the Crypto markets. Be cautious of this one though. The sudden excitement started with Bitcoin Cash, which made a leap on Friday after several major crypto exchanges announced they will support an upcoming hard fork that will take place on November 15th. Bitcoin Cash has surged well into the weekend […]
US Midterm Elections: USD To Drop, AUD To Strengthen

US Midterm Elections: USD To Drop, AUD To Strengthen

Even though President Trump’s name is not officially on the ballot, there can be no doubt that this is a referendum on his politics, as Trump and his presidency have been the dominant topic of most campaign races. Republicans are well positioned in the battle for the Senate though as only nine of their seats […]
Verizon Realigns Structure To Focus On Three Customer-Facing Areas

Verizon Realigns Structure To Focus On Three Customer-Facing Areas

Verizon Communications (VZ) announced a new operating structure focused on three customer-facing areas: Consumer, Business and Verizon Media Group/Oath. These groups will be supported by a network and IT organization, and corporate-wide staff functions. The changes will be effective Jan. 1, 2019. Verizon expects to transition to financial reporting under the new structure during second-quarter […]
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                        Markets: Not A Pond

E Markets: Not A Pond

The ripple effects of US/China trade hopes and UK/EU Brexit deals dominated overnight trading. The mood isn’t great as the splash of tweets last week didn’t follow with a rock from China. The Xi comments from the China International Import Expo suggest the path for a US/China deal isn’t so obvious. He noted China’s economy […]
EURUSD: Price Expected To Increase From The LB Balance Line

EURUSD: Price Expected To Increase From The LB Balance Line

Previous: On Friday the 2nd of November, trading on the EURUSD closed down. After the publication of the US labor market data buyers lost all their daily gains. The number of new jobs exceeded expectations, and the value for the previous month has been revised upwards. The index of average hourly earnings (YoY) reached a 9-year […]
Trump’s War On The Fed

Trump’s War On The Fed

President Trump has stepped up his criticism of the Federal Reserve, saying of its aggressive interest rate hikes that it has “gone crazy.” The same charge has been leveled against Trump, but there may be a method to his madness… October was a brutal month for the stock market. After the Fed’s eighth interest rate […]