Category Archive: Finance
A Futurist’s Vision Of Energy
Recently a client drew our attention to a presentation by Stanford University Futurist Tony Seba. He has made a splash with his predictions of imminent, dramatic changes in the transportation industry. In less than a generation he expects a world of self-driving (i.e. autonomous), electric vehicles (EVs) supported by a heavily solar/wind-powered electric grid. In June […]
GBP: Further Weakness Likely, But Not Inevitable
Talking Points: UK Prime Minister Theresa May remains under pressure ahead of the start of the fifth round of Brexit negotiations between the EU and the UK. Both fundamentally and technically, GBP/USD looks set for further falls. However, there’s bound to be a correction at some point; the key question is when. Fundamental Forecast for GBP: Bearish GBP/USD […]
Emerging Markets: Week Ahead Preview – October 8
EM FX ended the week under pressure, as US data points to a rate hike in December and perhaps more in 2018. FOMC minutes this Wednesday will be closely studied for clues. US retail sales and CPI data Friday will also be important. We believe the most vulnerable currencies in this environment are ZAR and TRY, but one could […]
Everything Changes When Bond Yields Begin To Rise
This week (Monday – Thursday) the Dow Jones closed at new all-time highs, with Friday’s close being just a whisker from making it five in a row. Looking at the daily closes for the Dow Jones (Blue Plot below) with its 52Wk High Line (Green Plot), since late October of last year, they’ve almost overlaid […]
Bulls Still In Charge
After reaching 2508, SPX consolidated for a few days down to 2489, and when it failed to go lower but broke above 2510 instead, it identified the correction as a re-accumulation pattern which carried a potential count to about 2575. I thought that there would be a phase consolidation taking place between 2530-2540, but the […]
2550 And 2600 Resistance
Here’s an updated support and resistance chart for the S&P 500 Index (SPX). 2600 is the next resistance level if 2550 can be cleared with maybe a small stall in the 2565 to 2575 area. You can see the Twitter sentiment chart for SPX here. The breadth and bullish and bearish chart is here.
Sensex Finishes On A Strong Note; Bharat Petroleum Rallies 4.3%
Indian share markets continued to trade strong in the afternoon session ahead of key macroeconomic data to be released later in the day and amid strong Asian markets. At the closing bell, the BSE Sensex closed higher by 277 points and the NSE Nifty finished up 87 points. The S&P BSE Mid Cap finished up by 1.1% while & S&P BSE Small Cap too […]
First Majestic Silver Miner Poised To Benefit From Rising Silver Prices
Precious metals, and Gold and Silver miners specifically have been getting some positive attention driven by the recent upward movement in the price of Gold and Silver in the last couple of weeks. In this article, we will cover how First Majestic Silver could potentially benefit from a rising Spot silver price. To be able to benefit […]
World Stocks Hit Fresh Record High As Irma, Korea Rally Continues; Pounds Surges
World stocks hit new record highs on Tuesday amid a continuation of Monday’s risk-on theme which unleashed a dramatic relief rally on easing North Korea tensions and signs that Hurricane Irma caused less damage than feared (which according to Keynesians should be GDP negative). The MSCI All-Country World Index gained 0.2%, hitting the highest on record with […]
U.K. Inflation Advances To 2.9 Percent In August
The weak U.K. pound continued to pressure consumer prices amid growing Brexit concern. Consumer prices, which measures inflation rate climbed from 2.6 percent in July to 2.9 percent in August, according to the Office for National Statistics report released on Thursday. This is higher than the 2.8 percent projected by economists. Also, core inflation advanced more than […]
