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Archives by Year:
Nasdaq Clocks Lowest Close Since February
Despite brief forays into the black, the Dow and S&P 500 ultimately finished lower for their fifth loss in the last six trading sessions. As the 10-year Treasury yield tested 5% again, the Nasdaq suffered its worst single-session percentage drop since February, with Alphabet (GOOGL) weighing especially heavy on investor sentiment after a cloud-related post-earnings dip. All […]
What Happens When Gold Breaks $2,000
↵Image Source: Unsplash In the past 3 years, we’ve seen the gold price break the $2,000 level on several occasions. Yet each time it’s come back in, leaving many wondering what it will finally take for a decisive breakthrough that finally leaves the $2,000 level in our rear-view mirror.So in today’s show, we talk with Francis […]
Crude Is Pulling Back. Is This A Buying Opportunity?
Image Source: Pixabay I recently wrote about the sell-off in energy-related equities, 2 days before the vicious Hamas terror attack against Israel on October 7. The attack, and subsequent Israeli air strikes, caused WTI (Western Texas Intermediate) crude to rise to a short term high of 90 on October 19.Even though Israel is not a major gas […]
Macro: New Residential Sales
Prices peaked in Oct 2022 and came down about 9% by May 2023. People took advantage of the lower prices and sales went up in the 3rd quarter. As such, prices are up in the 3rd quarter. There are about 35% more units for sale than the historic average. About 2/3 of these units are […]
Today’s Energy Bottleneck May Bring Down Major Governments
Recently, I explained the key role played by diesel and jet fuel. In this post, I try to explain the energy bottleneck the world is facing because of an inadequate supply of these types of fuels, and the effects such a bottleneck may have. The world’s self-organizing economy tends to squeeze out what it considers non-essential parts […]
Joint Corp: From Growth To Deep Value
Image Source: Unsplash Description The Joint Corporation (JYNT) is the largest domestic franchisor and operator of chiropractic clinics. The company aims to provide affordable chiropractic services in this fragmented market using a private pay, noninsurance, cash model. Joint has 900 locations in the USA and plans to open 100-120 newly franchised clinics in 2023. Overview With […]
USD/CAD Signal: Threatening A Major Breakout
Ultimately, I do think that the market will see the 50-day EMA at the C$1.36 level.The USD/CAD has initially pulled back just a bit during trading on Tuesday but continues to see strength as PMI numbers came out hotter than expected, and of course, the Bank of Canada is likely to remain steady at its interest rate […]
Wall Street Insiders Are Making Huge Moves
Image Source: Pixabay All of a sudden, two of the biggest bond bears on the planet have turned bearish on the economy and are now bullish on bonds. The timing is suspect at least in terms of the “September effect” which is coming off. That leads Treasuries and global bonds back to fundamentals which are looking […]
The Curious Tale Of Chevron And Tesla, “The Tortoise And The Hare”
Image Source: Pexels — Our tortoise (CVX) is unchanged YTD with hare Tesla (TSLA) (New economy) leaping 44% since January 1.— This runaway stock performance versus our plodding reptile (Old Economy) has me scratching my head— Having a competitor after your lunch or sharing lunch with your competitor … Which would you prefer?— I ask and attempt to […]
Are We About To Witness The First Major Central Bank Failure In Decades?
Japan is slowing losing control of its bond market.The Bank of Japan (BoJ) is currently engaged in an open-ended Quantitative Easing (QE) program. In its simplest rendering, the BoJ starts buying the 10-Year Japanese Government Bond any time that bond’s yield rises to 1% or higher.It’s possibly the boldest QE program in history: a definitive “line in […]
