Category Archive: Finance
Rail Week Ending August 26, 2017: Intuitive Sectors Rolling Averages Slightly In Expansion
Week 34 of 2017 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors are insignificantly in contraction, whilst the intuitive rolling averages are insignifantly in expansion. Analyst Opinion of the Rail Data We review this data set to understand the economy. […]
Weekend Reading: Harvey & The Broken Window Fallacy
As the waters recede from “Hurricane Harvey,” the rebuilding efforts begin. It will take quite some time before Houston fully recovers from the tragedy, but recover we will. Hopefully, lessons were learned by a city government that has avoided dealing with the drainage and flooding problems for far too long. Despite hundreds of millions of dollars extracted from […]
Can August’s NFP Turn The US Dollar Relief Rally Into Something More?
Ahead of Friday’s Non-Farm Payroll release for August, the Dollar took another shot lower to new 15-month lows, which helped the EUR to extend its gains above 1.20 and XUA/USD (spot Gold) to close above $1,300/oz. Given the increase of geopolitical headlines, we had a pickup in currency volatility later in the month that aligned with a Jackson […]
Major Asset Classes | August 2017 | Performance Review
Another month, another bullish tailwind for most of the major asset classes. Nearly every corner of the global markets gained ground in August, led once again by stocks in emerging markets. The only losers last month: US junk bonds and real estate investment trusts (REITs), which posted fractional declines. Otherwise, performance was broadly positive. For […]
Is The ECB Worried About The Value Of The Euro? Not Really
Reports that the ECB may be worried about the value of the euro and that this could delay QE tapering seem to have been exaggerated. The “source” report sent the euro down on the last day of August, but it is recovering as an official source has something else to say. Ewald Nowotny, the head […]
Does The Rising Price Of Industrial Metals Herald The Beginning Of The Next Commodity Super-Cycle?
Super-cycle theory In a 2012 paper for the United Nations/DESA – Super-cycles of commodity prices since the mid-nineteenth century – Bilge Erten and José Antonio Ocampo review the literature on the theory of Commodity Super-Cycles and go on to suggest that the current cycle began in 1999. Here is an extract from their concluding remarks:- The decomposition […]
In The Wake Of The Storm
DOW + 55 = 21,948 SPX + 14 = 2471 NAS + 60 = 6428 RUT + 13 = 1405 10 Y – .02 = 2.12% OIL – .18 = 47.05 GOLD + 12.70 = 1320.80 Top Cryptocurrencies Name Symbol Market Cap Vol. Total Vol. % Price USD Price BTC Chg. % 1D Chg. […]
S&P 500 And Nasdaq 100 Forecast – Friday, September 1
S&P 500 The S&P 500 rallied during the Thursday session, approaching the 2475 handle. A break above there is significant, and should send this market looking towards the 2500 level. However, today is the Nonfarm Payroll Friday, and that of course has a massive effect on where the market goes next. This is obviously a […]
Weekly Commodities Wrap: Copper Rally Extends Into Fourth Consecutive Week
Copper: Codelco Chairman Warns Against Rally Copper prices rallied for their fourth consecutive week this week, trading back up to levels not seen since mid-2014 and have risen nearly 50% against its price at this same time last year. Reuters reported that weekly stocks of copper in warehouses registered by the Shanghai Futures Exchange […]
Sensex, Nifty Continue To Trade In Green; Auto Stocks Rally
Indian share markets continued to trade in green despite weak economic growth data for the June quarter. Realty stocks, auto stocks and metal stocks witnessed majority of the buying activity. Consumer durables stocks and software stocks were trading in red. The BSE Sensex is trading higher by 133 points and the NSE Nifty is trading higher by 43 points. Meanwhile, the BSE Mid Cap index is trading up by 0.9% & […]
