Category Archive: Finance
US July Wheat & S/D Updates
Wheat supplies were slightly higher, but Weather now rules Market Analysis This month’s US supply/demand revisions generally followed the indications from June 30th quarterly stocks changes. Old-crop corn and wheat ending stocks were increased while old-crop soybean ending stocks were lowered. However, the USDA didn’t cut its spring wheat crop size as small as the […]
The Gold Price Is Fake News
Lethargic summer markets tend to instill a sense of false security. Stocks and property are near all-time highs, interest rates are at 72-year lows and most investors feel richer than ever. Central banks signal strong economies with indications of higher interest rates and tapering of their balance sheets. CENTRAL BANK CHIEF BEHEADED As I discussed last […]
Dow Closes At Record High – So Does Central Banker Confusion
So yeah, another day, another largely fruitless effort to figure out what exactly the message is from DM central bankers. Yellen was, well, Yellen, and her second day on Capitol Hill brought little in the way of surprises although there was this: It is premature to conclude the underlying inflation trend is falling well short of 2 […]
VIX To Double Within A Year, Natixis Warns
Vol-sellers beware. That’s the message from Natixis Global Asset Management’s Brett Olsen and Nicholas J. Elward, in their latest note, as they warn “it stands to reason that the market will see a reversion to the mean and find the VIX trading in the 20+ range before too long.” There has been much discussion lately about how stock […]
International Paper Spikes Higher After Analyst Sees Ecommerce Driving Growth
Shares of corrugated box maker International Paper (IP) are outperforming broader market measures after being upgraded to buy on eCommerce drivers. E-COMMERCE GROWTH: Goldman Sachs’ analyst Brian Maguire added to the growing list of bullish analyst commentary on International Paper in a research note, after a “deep-dive” into the implications of eCommerce on packaging stocks. […]
What Happens To AAPL Stock Around Iphone Releases?
There’s no denying that every iPhone release has an impact on AAPL stock, and there are certain patterns the shares follow around the announcement and availability dates. With this year marking the 10-year anniversary of the iPhone, Apple is expected to release three new models, including the special edition iPhone 8. Due to this, AAPL stock […]
The Budget Deficit Under Trump, Excluding Unicorn Effects
The CBO has just released an assessment of the President’s budget proposal. Balancing the budget looks unrealistic, even given massively sweeping (and unrealistic) spending cuts. Here are the projected budget balances, under CBO baseline (blue), as claimed in the Budget submitted by the White House (red), and as assessed by the CBO (green). Figure 1: Federal budget balance […]
USD/JPY – Can It Clear 115.00?
USD/JPY finds itself in a precarious position. While the pair remains in an uptrend it is coming dangerously close to forming a double top at the 114.50 barriers unless it can get push higher from buyers to clear the key 115.00 resistance level. Testimony from Janet Yellen today was inconclusive as she failed to offer […]
Ranking The 20 Most Valuable Cryptocurrencies Over Time
var divElement = document.getElementById(‘viz1499972889156’); var vizElement = divElement.getElementsByTagName(‘object’)[0]; vizElement.style.width=’1004px’;vizElement.style.height=’869px’; var scriptElement = document.createElement(‘script’); scriptElement.src = ‘https://public.tableau.com/javascripts/api/viz_v1.js’; vizElement.parentNode.insertBefore(scriptElement, vizElement); This ranking can teach us about the evolving market for cryptocurrencies and the direction it may take as more and more competing players emerge. A MATTER OF SCALE The movement – or lack thereof – of market cap rankings […]
