Category Archive: Finance
Emerging Markets Break Above Five Year Resistance
The Emerging Markets ETF (EEM) did something this week it has been unable to do numerous times over the past five years. Below look at the price pattern of EEM over the past 10 years. CLICK ON CHART TO ENLARGE EEM has done well since the start of 2016, reflecting gains much stronger than the S&P 500. […]
Gold Prices Snap Four Week Losing Streak On Disappointing CPI
Fundamental Forecast for Gold: Neutral Gold prices fall near two-month lows, CPI to confirm / trigger near-term low Gold prices snapped a four-week losing streak with the precious metal up nearly 2% to trade at 1301 ahead of the New York close on Friday. The advance comes alongside continued strength in broader equity markets and with the DXY turning from […]
Week In Review: Shanghai Pharma Bids In Cardinal China’s $1.5 Billion Auction
Shanghai Pharma (SHA: 601607) and FountainVest Partners, a China private equity fund, have submitted second-round bids for Cardinal China’s (NYSE: CAH) drug distribution operations (see story). According to a Bloomberg article, the two entities are part of a smaller group of still-interested bidders that also includes Warburg Pincus of the US and PAG Asia Capital, a China/Asia investor. Cardinal China’s […]
Synchronized Global Growth
Much of the sentiment and global market data continue to come in on the positive side of the ledger. Friday’s University of Michigan Consumer Sentiment jumped six points to 101.1 for October and is the highest reading in thirteen years. As reported by Econoday, “The expectations component is up nearly 7 points to 91.3 with the component for […]
The Coming “Snap-back” Of Markets
Last week, I addressed some interesting stats from Adam Taggart via Peak Prosperity: “It has been over 100 months (more than 8.5 years) since the current bull market began in April of 2009 It has been 15 months since the last (and very brief) drop of 5% in the S&P 500 This past September saw record low volatility, including a […]
Will The Bullish Outlook For Treasuries Weigh On The Dollar?
The US dollar fell against all the major currencies last week. The downside reversal after the employment data on October 6 set the stage for the pullback. From a fundamental perspective, we cautioned the good news for the dollar had been discounted. With two months before the December FOMC meeting, the market had priced in a […]
Economic Data And Forecasts For The Weeks Of October 16 And October 23
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of October 16 October 16 NY Fed Manufacturing Index 20.0 24.4 20.0 Treasury Budget – September $4.0B -107.7 3.0 October 17 […]
E World Economic Growth Improved In The Second Quarter Of 2017
In terms of the second quarter of 2017, most trading countries posted stronger growth rates than in the previous quarter. Real GDP grew faster in both the advanced economies (excluding the U.S.) and the emerging market economies, continuing a trend that began in early 2016. Among the advanced economies, Canada posted the strongest second quarter […]
E Bears Are Bored, Bulls Are Complacent
VIX ran up to test weekly Intermediate-term resistance at 10.79, but closed beneath it. A buy signal awaits it above that level, with further confirmation above weekly mid-Cycle resistance at 14.75. It has an inverted Head & Shoulders formation that, when triggered, offers us a potential target for the next rally. (TheStreet) Although it is early […]
