Category Archive: Finance, No picture
US Dollar Weekly Price Outlook – DXY To Fresh Highs Or Turn & Dive?
In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. The US Dollar is up nearly 3% from the September lows with the index now approaching the yearly highs into the close of the month. Here are the key targets & invalidation levels that […]
Q2 Real GDP Per Capita: 3.55% Versus The 4.23% Headline Real GDP – Friday, Oct. 26
The Second Estimate for Q2 GDP came in at 4.2% (4.23% to two decimals), up from 2.2% in Q1. With a per-capita adjustment, the headline number is lower at 3.55% to two decimal points. Here is a chart of real GDP per capita growth since 1960. For this analysis, we’ve chained in today’s dollar for […]
Recent Stock Purchase II October 2018
Are you enjoying October yet? Markets rocket higher only to drop the next day. The Dow swinging by hundreds of points seemingly on a whim without any justification. The talking heads speak of all the market troubles on down days and are surprisingly positive and jubilant on up days. What gives? Personally, with what’s going […]
Yield Curve Flattening Again: 10-Year Yield Down 15 Basis Points Since October 5
Inflation worriers and treasury bears take note: Bond yields are falling again. The economy is not as strong as it looks. The headline GDP was 3.5% but the headline number looks much stronger than it really is. A huge inventory adjustment contributing 2.07 percentage points to the headline number. Government spending was also on the […]
The Bull Is Dying
Bulls are not killed off easily, They are strong, fierce and have real staying power. And this is what should be expected at a top of a secular bull market. Injured or weakened, the bull will still go on which is the case with many stock markets. Whilst some markets have peaked globally, others show […]
New Cryptocurrencies To Watch In 2019: NEO, EOS & Stellar
Up and coming cryptocurrencies NEO, EOS and Stellar may be the new kids on the block, but they are already causing a stir in the market. In this article, we look at all three in more depth to understand just how much of a threat they pose to leading cryptos, Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) and why they […]
Third Quarter GDP 3.5%, Much Weaker Than It Looks: Inventory Adjustment 2.07%
GDPNow nailed the first estimate of third-quarter GDP. The BEA reports 3.5% with inventories accounting for 2.07 points. The BEA reports the Gross Domestic Product, 3rd quarter 2018 (advance estimate) is 3.5%. The headline number looks pretty good, but it isn’t. Change in Private Inventories accounted for 2.07 percentage points of the gain. Inventories net to zero […]
Gold Upleg Fuel Abounds
Gold and its miners’ stocks have proven rare bastions of strength during recent weeks’ market carnage. They are powering considerably higher while nearly everything else burns. The markets’ major sentiment shift is accelerating a young gold upleg, which ought to grow much larger as speculators and investors continue returning. Their collective gold positioning remains very […]
Mixed U.S. GDP Report Curbs GBP/USD Losses Ahead Of BoE Meeting
GBP/USD pares the sharp decline from earlier this week as updates to the U.S. Gross Domestic Product (GDP) report reveal a limited threat for above-target inflation, but recent price action casts a bearish outlook ahead of the Bank of England (BoE) meeting as the exchange rate continues to carve a series of lower highs & lows. […]
US Growth Slowed In Q3, But Annual Pace Continued To Improve
US GDP growth beat expectations in today’s “advance” estimate of third-quarter data. Output increased by an annual 3.5% (seasonally adjusted real rate), the Bureau of Economic Analysis reported earlier today. The gain is slightly above The Capital Spectator’s 3.3% nowcast (based on several sources) from earlier this week. Although the Q3 advance marks a solid rise, today’s results reaffirm […]
