Category Archive: Finance
Market Talk- Thursday, August 16
The uncertainty seen in US markets shook Asian indices with all markets opening lower. Fortunately, these proved to be the day’s lows and most markets rallied from there. The Nikkei even managed to move positive and remained around there for the whole afternoon trading. The Yen traded back to 111 handle, but was to regain […]
Stocks And Precious Metal Charts – Slow Down – Lessons Unlearned
Stocks rallied as Walmart posted ‘better than expected’ results. Nordstrom also beat after the bell, further juicing enthusiasm for retail trade. Gold and silver were bouncing quite a bit from the overnight lows but ended up with a little more modest gain over the close from yesterday. The precious metals are utterly oversold. They are […]
A Finally Larger EIA Print Emboldens Nat Gas Sellers
After a long string of EIA weekly storage reports that missed to the low side, this week the EIA announced a storage injection that was slightly larger than market expectations, quickly sending natural gas prices lower. The September contract settled down a bit over a percent on the day. The Energy Information Administration announced that […]
Here’s How “External Dollar Debt” Produces An “Emerging Market Crisis”
Emerging market currencies are collapsing pretty much everywhere these days. But it’s safe to assume that most people don’t understand exactly what’s causing this outbreak, why it’s happening now, or what “external dollar debt” has to do with it. So here’s a quick primer followed by the obligatory apocalyptic prediction: Prelude: cheap dollar financing Pretend […]
Tail Risks Reviews: China Is Number 1
Tail Risks: Trade War Tail risks for August – the monthly Merrill Lynch fund manager survey is out. As you can see from the chart below, the August risks have changed from July. The risk of a trade war is about the same. This makes sense because there hasn’t been a resolution nor an escalation […]
Reflation Rollover Japan
I was going to write that there was bad news out of Japan last night, but is there really any other kind? I know that from time to time Japan’s various rebounds over the years are characterized as the greatest economic achievements in human history, but by and large very few outside the media actually […]
Canada Goose: Brings Back Memories Of Other Fashion Stock Heydays
In the spirit of fashion, let me begin this article off with a runway of sorts, even if it is a lineup of stock charts rather than models. Here is a chart of Michael Kors (KORS ) stock since its late 2011 IPO. Notice the move from $20 to $100 by early 2014: Here is […]
Poland, The Next Turkey? Spotlight On The Zloty And External Debt
Emerging markets have taken it on the chin. Is Poland next? Murray Gunn, Head of Global Research at Elliott Wave International, asks “Is Poland the next Turkey?” Our outlook for the Polish Zloty suggests that Poland’s developing authoritarianism is likely to accelerate. In case you have been living on Mars over the last few years […]
Crypto-Crash
Another Cryptocurrency crash? What the latest cryptocurrency price means for the cryptocurrency market and its traders. Just as many crypto traders were hoping that the worst was over, the crypto landscape has been rocked by another sharp sell-off across the asset class. Ethereum Leading Down The biggest mover in the crypto space was Ethereum, which plummeted nearly 20% in a […]
New Residential Housing Starts Inch Up In July
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for July new residential housing starts. The latest reading of 1.168M was below the Investing.com forecast of 1.270M and an increase from the previous month’s revised 1.158M. Here is the opening of this morning’s monthly report: Housing Starts Privately-owned housing […]
