Category Archive: Finance
China Enjoys Robust Growth
In all the palaver about “alternative facts”, President Trump’s economic direction and the fiasco that is Brexit, it is easy to overlook other economic news. However, it is possible that “alternative facts” is not a unique US product. The Chinese economy caused a big wobble to the global economy last year with concerns that its […]
UK GDP Beats Brexit Again With 0.6% – GBP/USD Sells The Fact
The UK economy is defying the EU Referendum for the second time in a row, growing by 0.6% q/q and 2.2% y/y in Q4 2016. Both figures are 0.1% above early estimations. This kind of expansion is not steaming hot or inspiring but it is certainly solid and healthy. And, when taking the projected “Brexit cliff” into […]
Trump Policy Guessing Game Continues, Pound To Look Past UK GDP
The British Pound outperformed in overnight trade, seemingly not bothered by an approaching UK GDP report that is expected to show growth slowed in the fourth quarter. The figures are expected to reveal output grew at an on-year rate of 2.1 percent, a downtick from the 2.2 percent expansion scored in the three months to September 2016. Sterling’s resilience […]
Materials ETF Quietly Assumes Sector Leadership
The Materials ETF has avoided the financial headlines and quietly assumed the market’s sector leadership. It has more than doubled the performance of the S&P 500 over the past year, suggesting some sustainability of the move. Latin America returns to the top of the global rankings after a 10-week absence. Sectors: Materials climbed two places higher […]
T2108 Update – A Bullish S&P 500 Breakout Meets A Bearish VIX Breakdown
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on […]
The Global Economy’s Best Leading Indicator Forecasts A Downturn
If you want to know what is happening to the global economy, the chemical industry will provide the answers. It has an excellent correlation with IMF data, and also benefits from the fact it has no “political bias”. It simply tells us what is happening in real-time in the world’s 3rd largest industry. The chart above […]
Dollar Rallies: Fiscal Stimulus Spending, Rate Hike And Inflation Expectations
The US dollar posted strong gains this week, at one point staying firm above the psychological level of 100, a resistance level that has been breached as the Dollar Index jumped to 101 yesterday. After the initial turmoil of the election outcome just a week ago, the US dollar maintained strong gains, led by market […]
E Gold: Caveat Emptor
Here is why I’m tentative on holding significant positions in gold, silver, and miners right now. Prices have fallen below all of the key weekly moving averages, and we are still within the timing window for an 8-year cycle drop. The 8-year cycle forces will abate after February of next year. Until then, we need to proceed […]
Dividend Aristocrats In Focus Part 45: Hormel
Hormel (HRL) is a huge food company today, but it started from humble beginnings. In 1891, George A. Hormel established the Geo. A. Hormel & Co. in Austin, Minnesota. The company realized rapid growth, as consumers took a liking to fresh pork products. By 1910, the company was already planning nationwide and international expansion. In […]
