Category Archive: Finance, No picture
The Big Four Economic Indicators: Industrial Production Up 0.1% In October, New High
Note: This commentary has been updated to incorporate the October data for Industrial Production. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, […]
Brexit Breakthrough Followed By Threat Of Breakdown
On November 13, British Prime Minister Theresa May and her Brexit negotiating team reached agreement with the European Union (EU) negotiators on a draft withdrawal treaty. The next day, after a very difficult five-hour meeting, May secured the agreement of her cabinet. Following the cabinet meeting, she told reporters “The choice before us is clear: […]
The Week In Charts: How Stocks In A Bear Market Are Like Rats Leaving A Ship
(Video length 01:32:19) In this episode, I continued my discussion on how shorter-term sell signals have already triggered and that we are getting closer to much longer-term sell signals. I went on to discuss what happens to stocks in a bear market and how eventually, the falling tide sinks all ships. And last, but certainly […]
We Won’t Get Fooled Again
Oil was crashing on the street, after a Presidential tweet, and the sanctions on Iranian oil now will be gone. And the man who spurred it on sit, in judgement of all wrong, he decides and the Saudis sing a song that they’ve been wronged. I will tip my hat to the green substitutions. Take a […]
5 Stocks To Gain From Blockbuster Retail Sales Report
Sales from U.S. retailers ramped up the most in five months in October, primarily on higher purchases of building materials, motor vehicles and fuel. Strength in this metric bodes well for the Christmas shopping season, in which sales are predicted to surpass nearly $1 trillion. Consumer spending, which reflects nearly two-thirds of U.S. economic activity, grew at its […]
Morning Call For Friday, Nov. 16
Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.67%) this morning are down -0.55% and European stocks are down -0.15% on weakness in technology stocks led by an 18% plunge in Nvidia in pre-market trading after it reported weaker-than-expected Q3 revenue. Stock indexes are also lower after U.S. Commerce Secretary Ross dampened optimism of an imminent […]
Japan GDP — Not Bad, But No Room For Complacency
The drop in Japan’s third-quarter GDP does not mark the start of a recession, but it does underscore that neither the Bank of Japan (BOJ) nor fiscal policy has room to change. If anything, the GDP report confirms BOJ Governor Kuroda’s recent assertion that the balance of risk to the macroeconomic outlook has become more asymmetrical, tilted toward the downside. All said, […]
Does Any Of This Make Sense?
Does any of this make sense? No. But it’s so darn profitable to the oligarchy, it’s difficult to escape debt-serfdom and tax-donkey servitude. We rarely ask “does this make any sense?” of things that are widely accepted as beneficial— or if not beneficial, “the way it is,” i.e. it can’t be changed by non-elite (i.e. […]
Sensex Ends 197 Points Higher; Healthcare & FMCG Stocks Witness Buying
Indian share markets continued to trade on a positive note during closing hours of trade and ended the day higher. Gains were largely seen in the healthcare sector and FMCG sector, while metal stocks witnessed selling pressure. At the closing bell, the BSE Sensex stood higher by 197 points (up 0.6%) and the NSE Nifty closed higher by 66 points (up 0.6%). The BSE Mid Cap index […]
USD/CAD Daily Analysis – Friday, Nov. 16
USD/CAD is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the pullback from 1.3263 could be treated as consolidation for the uptrend and another rise towards 1.3300 is possible after the consolidation. Only a clear break below the channel support could signal completion of the […]
