Category Archive: Finance, No picture
Mortgage Rates Hit 7-Year High
Bond yields jumped on Friday in response to a strong jobs report. Mortgage rates went along for the ride. The average 30-year mortgage rate topped 5% on Friday to a Fresh 7-Year High. Mortgage rates had a bad week and an especially bad day following a much stronger-than-expected jobs report. Mortgage rates were already operating […]
The World’s Smartest Investors Can’t Figure Out The Markets – And That’s A Really Bad Thing
Hedge fund managers sit at the top of the financial world’s food chain. They’re generally seen as the smartest money managers, and their companies have the most flexibility to pursue new opportunities. The result is supposed to be the best possible returns – for clients who can afford the high fees. But lately things haven’t […]
USD/CAD Rate Carves Lower Highs & Lows Ahead Of Fed Meeting
Fundamental Forecast for Canadian Dollar: Neutral USD/CAD bounces back from the weekly-low (1.3049) as the above-forecast print for U.S. Non-Farm Payrolls (NFP) overshadows the 11.2K expansion in Canada Employment, but price action ahead of the Federal Reserve meeting raises the risk for a larger pullback in the exchange rate as it carves a fresh series of lower highs […]
Trade Setups For Where This Market Is Headed Next
When the largest company on the planet lowers forward guidance the market listens. Stocks end the week lower led by AAPL. In this crucial weekend video newsletter update we focus on the opportunities in the coming week.
No, The Government Didn’t Cause Unemployment
There was a big blogosphere kerfuffle in the last few weeks between some Modern Monetary Theory (MMT) people and a bunch of economics and finance people I greatly respect (Simon Wren-Lewis, Jo Michell, Steve Keen, Frances Coppola, etc). MMT was, at times, pushing an extremist and combative narrative that I found deeply misleading so I wanted to […]
SPX Kiss Of Death
VIX probed slightly higher than the previous week on Monday, but couldn’t hold its altitude, closing beneath its weekly Cycle Top at 20.21. The Cycles Model weakness discussed last week came into play through Friday. However, this weekend is an important Cycle Pivot that may allow the rally to resume through the end of […]
Economic Data And Forecasts For The Weeks Of November 5 And 12
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of November 5 November 5 PMI Services Index 54.7 54.7 54.7 ISM Services – October 59.7 61.6 59.4 ISM Prices […]
Uneven Dollar Correction May Continue
The US dollar turned in a mixed performance last week. Favorable economic data and a recovery in equities helped the Antipodean currencies advance the most. The New Zealand dollar rallied nearly 2%, and the Australian dollar gained 1.5% on the week. Their central banks meet next week, but there is little chance of a change […]
S&P 500 Snapshot: Up 2.4% From Last Friday
The S&P 500 bounced back a bit since last week after a near correction. The index dropped on Monday but came back Tuesday, hovering around a 60 point margin for the rest of the week. It is down 0.63% from Thursday, but up 2.42% from last Friday. It is up a mere 1% YTD. The […]
