Category Archive: Finance
Gold Prices Drop As Markets Set Sights On Trump Tax Plan
Gold prices sank as firming risk appetite sapped haven demand for Treasury bonds and drove yields higher. Investors’ chipper mood also echoed into US monetary policy expectations, with the 2017 rate hike path implied in Fed Funds futures now at its steepest in three weeks. Not surprisingly, this proved damaging for non-interest-bearing assets. The Euro marched higher alongside […]
Precious Metals Technical Outlook: Gold & Silver Retracement Underway
As noted in our previous report last week, we warned that Gold and Silver are very close to sparking a correction to the downside, after few weeks of significant gains. Gold and Silver posted a new high for this year, reaching the highest level since October of last year, and tested major resistance areas, which […]
Indian Indices Trade Near Record Highs; Auto Stocks Lead Gains
After opening the day on a positive note, share markets in India have continued the momentum and are trading near their record high levels. Sectoral indices are trading on a mixed note, with stocks in the auto sector and the FMCG sector witnessing maximum buying interest. Stocks in the IT and the telecom sector are trading in the red. The BSE Sensex is trading up by 155 […]
UK Retail Sales In Strong Decline
To quote Bill Clinton, “It’s the economy, stupid…”. There has been much speculation about Theresa May’s motivation for calling a general election three years early, when she has an absolute majority of 12 in the Commons and when her Brexit legislation (so far) has gone through parliament unscathed. Opinions vary with some claiming that she […]
Amazon-Proof: The Blueprint For Surviving The Retail Apocalypse
We all know that Amazon Inc. (AMZN) has completely disrupted the retail space. With more consumers doing much of their shopping online — many retail companies are living on borrowed time. Especially when you consider that almost half of U.S. households are now Amazon Prime subscribers, according to a report from Consumer Intelligence Research Partners. […]
A Rising (Central Bank) Tide Turns Everyone Into A Genius
Until the system implodes–you’re a genius. So you’ve ridden the markets higher–stocks, housing, commercial real estate, bat guano, quatloos, you name it–everything you touch turns to gold. What can we say, bucko, other than you’re a genius! It’s a market truism that rising tides lift all boats. But that’s not the really important effect; what really matters […]
How The S&P 500’s P/E Ratios Can Levitate
Economics writer Robert Samuelson is worried. Specifically, he’s worried about why stock prices have risen so much in response to Donald Trump’s election as U.S. President on 8 November 2016. In worrying, he not only conveys the conventional wisdom that seeks to explain the “Trump Rally” as some sort of outpouring of animal spirits linked to the promised policy […]
About Caterpillar’s “Tremendous Earnings Growth”, There Is Just One Thing…
With CAT and MCD accounting for over 100 of the 250+ Dow points yesterday, one would think that, as CNBC has repeatedly stated yesterday, these two companies are posting “tremendous earnings growth.” And, in a way they are… a non-GAAP way. Because while CAT reported adjusted EPS of $1.28, up exactly 100% from a year […]
Australian CPI Only OK – AUD/USD Slides
Australia releases its inflation figures only once per quarter, making every publication a big market-mover. Volatility did not disappoint this time either. The headline q/q figures came out at with a minor miss of 0.5% instead of 0.5% expected. Year over year, the miss was similar: 2.1% against 2.2% projected. AUD/USD still responded with a downfall, dipping towards […]
Maybe A Bit More Complex Still?
One of the defining characteristics of the 2011 crisis was dollar swaps. Almost all attention was paid to PIIGS and focus on the European banks holding their debt, as well as the very real possibility that all would break up the euro. Behind all that was the same dollar troubles as in 2008, and for […]
