Category Archive: Finance
November Natural Gas Goes For A Run
November natural gas prices settled up over 2.5% on the day today, though prices traded in a narrow 6.9-cent range through the trading day. After a significant gap up last evening, prices attempted to close the gap early this afternoon before rallying into the settle. The vast majority of the gains on the day came […]
Abe Landslide: What Does It Mean For Markets?
In a special edition of our “Behind the Markets” podcast, following the Japanese parliamentary elections over the weekend, we interviewed Jesper Koll, WisdomTree’s Head of Japan, and Brad Bechtel, currency strategist at Jefferies LLC, to get their outlook for the Japanese equity markets and the currency markets. The landslide win for Prime Minister Abe shows […]
AUD/USD – Headed For 77 Cents?
One of the weakest performing currencies on Monday was the Australian dollar. After selling off sharply at the end of last week, the selling continued despite the lack of US and Australian data. AUD spent most of the North American trading session in negative territory even though the USD struggled to rally. Tomorrow night we […]
Tax Cuts For “The Rich” Are Taxing Everybody
As soon as it was revealed, the Trump administration’s framework for tax reform was instantly attacked by Charles Schumer, Nancy Pelosi and friends, trying to bludgeon it to death with assertions that it was just “tax cuts for the rich.” A letter from Senate Democrats said “Tax reform cannot be a cover story for delivering […]
A Win For Abe And Japan: Challenges Lie Ahead
Prime Minister Shinzo Abe and his Liberal Democratic Party (LDP) achieved a landslide victory in the snap election held Sunday, assuring that his ruling coalition retains its two-thirds majority in Japan’s lower house. It also makes it very likely that Abe will be selected next year to continue to head the LDP. The LDP faced […]
E Market Outlook – Oct. 23
A standard chart that we use to help confirm the overall market trend is the Momentum Factor ETF (MTUM) chart. Momentum Factor ETF is an investment that seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum. This type of momentum fund is considered […]
Falling Interest, Gold And Silver Report – Oct. 23
Last week, we discussed the marginal productivity of debt. This is how much each newly-borrowed dollar adds to GDP. And ever since the interest rate began its falling trend in 1981, marginal productivity of debt has tightly correlated with interest. The lower the interest rate, the less productive additional borrowing has in fact become. Let’s […]
Qualcomm, Inc.: Wedgewood Capital Still Loves Chipmaker
Qualcomm, Inc. (Nasdaq:QCOM) remains the favorite technology stock of Wedgewood Capital despite its share price falling over 22% this year mainly due to an ongoing legal battle with Apple and other regulatory issues. In its 2017 Q3 investor letter (you can download a copy here), Wedgewood Capital discussed why it has a bullish viewpoint on the chipmaker. Qualcomm is also […]
USD/JPY: Filling Gap To 113.50 Before A Test Of 114.50 – ING
Dollar/yen advanced on the news that Abe won a landslide victory, but hesitated after hitting 1.14. What’s next? Here is the view from ING: Here is their view, courtesy of eFXnews: ING FX Strategy Research discusses USD/JPY outlook in light of the outcome of Japan’s snap elections. “Unlike Theresa May, Shinzo Abe’s call for a snap, […]
Budgeting For The Great Unknown In 2018–2020
“There isn’t anybody who knows what is going to happen in the next 12 months. We’ve never been here before. Things are out of control. I have never seen a situation like it.“ This comment from former UK Finance Minister, Ken Clarke, aptly summarizes the uncertainty facing companies, investors and individuals as we look ahead to the […]
