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100 Years Of Recession Prediction Using The Term Spread

100 Years Of Recession Prediction Using The Term Spread

Image Source: PixabayIt doesn’t always work.Figure 1: Recession probability one year ahead for 10 year-3 month Treasury spread (blue). NBER defined peak-to-trough recession dates shaded gray. LIght green shaded area denotes out-of-sample period. Orange dashed line denotes Fed agreement on rates. Source: NBER, and author’s calculations. The estimated probit regression:Pr(rec=1) = -0.29 – 0.49 spreadPseudo-R2 = 0.13, Nobs = 1238, Smpl […]
Gold Rises, Even With Bad News

Gold Rises, Even With Bad News

This week Peter recaps another stellar week for precious metal. He also discusses Friday’s jobs report, commodity prices, and Bitcoin.Peter starts by putting this week’s surge into context: “There’s an old Wall Street saying: ‘nobody rings a bell,’ meaning that nobody warns you when you’re at a major top or a major bottom. The problem […]
The Commodities Feed: Another Record For Gold

The Commodities Feed: Another Record For Gold

Image Source: UnsplashEnergy – Brent holds near $90Oil prices came under pressure yesterday with ICE Brent settling almost 0.9% lower on the day. However, the market managed to recoup some of the earlier weakness seen in the trading session and settle above US$90/bbl. While Israel pulling out some troops from Gaza may have contributed to the […]
This Fakeout Breakout Could Double Our Profits On Tuesday

This Fakeout Breakout Could Double Our Profits On Tuesday

Image Source: UnsplashBack to work, let’s make some money!Markets are choppy and range-bound right now…I love range-bound markets, and these (2) easy clues tell me exactly where to find the winning trades tomorrow! E-Mini S&P (ES): Emini is bullish into a range and buyers will be looking for bear traps to buy support levels below the […]
The Canadian Cannabis Report – Monday, April 8

The Canadian Cannabis Report – Monday, April 8

Image Source: PixabayFor the trading week that ended Aril 5, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) increased 9.2%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider to be a reliable barometer of the Canadian cannabis […]
The Canadiab Cannabis Report – Monday, April 8

The Canadiab Cannabis Report – Monday, April 8

Image Source: PixabayFor the trading week that ended Aril 5, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) increased 9.2%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider to be a reliable barometer of the Canadian cannabis […]
EURUSD Stages Rebound: Uptrend Resumption Or Bearish Correction?

EURUSD Stages Rebound: Uptrend Resumption Or Bearish Correction?

Image Source: PixabayEURUSD has displayed a promising sign, overcoming a key resistance level. This analysis examines the technical situation and explores potential scenarios for the currency pair.EURUSD Breaches Resistance: 1.0864 Hurdle Cleared: EURUSD has successfully broken above the resistance level at 1.0864. This breakout suggests a potential weakening of the recent downtrend. Uptrend Resumption or False Dawn? […]
Current Analysis: Elekta AB

Current Analysis: Elekta AB

Image Source: UnsplashTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.                                                                   […]
Japanese Yen Remains Confined In A Range Near Multi-Decade Low Against USD

Japanese Yen Remains Confined In A Range Near Multi-Decade Low Against USD

Image Source: Pixabay The Japanese Yen remains depressed near a multi-decade low amid the BoJ’s dovish outlook. The divergent Fed-BoJ expectations support prospects for a further JPY depreciation move. Intervention fears hold back the JPY bears from placing fresh bets and cap the USD/JPY pair. The Japanese Yen (JPY) oscillates in a narrow trading band near […]
WTI Gains Momentum Above $86.00 Amid Ongoing Middle East Geopolitical Tensions, Weaker US Dollar

WTI Gains Momentum Above $86.00 Amid Ongoing Middle East Geopolitical Tensions, Weaker US Dollar

Image Source: Unsplash WTI prices gain momentum near $86.00 on Tuesday.  The ongoing Middle East tensions, a key region for oil production, might boost WTI prices.  The expectation that the Fed might delay interest rate cuts this year drags black gold lower.  Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.25 on Tuesday. The […]