Category Archive: Finance
Coffee Price Keeps Falling Creating An Interesting Buying Opportunity
Coffee is an important component in our every day life. Billions of people consume it every day and with lifestyle brands like Starbucks growing worldwide, its demand is increasing. It is produced mostly in Brazil, Vietnam, Columbia, and Indonesia, with most of the demand coming from Asia, Europe, and United States. While the demand for […]
Oil Prices Are Going To The Extreme
Oil prices made a major peak in 2008. In many ways the peak is similar to the 1980 one. It took 24 years for prices to surpass the 1980 peak (see macrotrends.net chart below). It has now been 10 years since the 2008 peak. This tells me that oil will struggle for many years to come, especially […]
Silver Prices: Gray Metal Could Be A Better Opportunity Than Gold
Silver Prices May Be Down, But It Is Still Presenting a Great Opportunity Silver prices trade at $14.45 an ounce. Year-to-date, the gray precious metal prices have declined more than 15%. From its highs in 2011, silver is down about 70%. With this, one could be asking if silver is still worth the investment. Put […]
USD/CAD Tanks After CA Inflation Surprise, Will Bears Target < 1.30 Next?
With price pressures still running at a subdued level throughout the developed world, hotter-than-expected inflation readings have been hard to come by of late. Perhaps today’s Canadian inflation data marks a turning point for that trend. The just released July CPI reading from Canada printed at 0.5% month-over-month (3.0% year-over-year), crushing economists’ expectations of just […]
US Business Cycle Risk Report – Friday, August 17
Geopolitical risk is rising, but if there’s a price to pay in terms of sharply softer economic growth or worse for the US it’s not showing up in the numbers, at least not yet. With most of the July data published the macro profile remains upbeat and near-term projections suggest the positive trend will persist. […]
Trump Calls For End To Quarterly Earnings Reporting
Shifting his attention from trade war, military parades, bashing the fake news medial and conducting foreign policy via Twitter, on Friday morning Trump unexpectedly advocated for a proposal suggested previously by several corporate CEOs and most notably BlackRock’s Larry Fink, suggesting an end of quarterly earnings reports, and shifting to a half year convention instead, […]
Technical Comments On DAX And SPX
DAX Prices are trapped inside a downward sloping wedge pattern. Usually, this pattern resolves in a bullish breakout and prices usually move back to the start of the wedge pattern….in this case around 12700. However, since the May highs, DAX has been making lower lows and lower highs. Breaking below 12100 will continue this sequence […]
Small Caps Attempting 20-Year Breakout, Says Joe Friday
The Russell 2000 trend remains solidly higher, as it has created a series of higher lows and higher highs inside of rising channel (1) over the past 25-years. Small caps have been an upside leader in 2018, as they are very near all-time highs. We applied Fibonacci extension levels to the 2007 highs and 2009 […]
Mortgage Delinquencies At Multi-Decade Lows
Earlier this week, we noted that the New York Fed’s quarterly household debt data showed a collapse in the share of consumers facing collections for bad debts. On Thursday, quarterly data from the Mortgage Bankers’ Association relating to mortgage bankruptcy and delinquency showed similar results. In the charts below we show the share of all loans facing […]
Crude Oil: Hot Dog Days
The dog days of August have set in on the moves in the commodities, have been exaggerated. While oil holds the 200-day moving average, after a major seasonal sell-off, the concerns about a serious demand slowdown are most likely overblown. Turkey, of course, is a major oil producer and Consumer. NOT! The fears of contagion, […]
