Category Archive: Finance, No picture
Crude Oil Prices May Bounce But Gains Unlikely To Prove Lasting
Crude oil prices attempted a tepid recovery Thursday following the prior session’s brutal sell-off but renewed risk aversion derailed the advance, with the WTI benchmark tracking Wall Street lower to close within a hair of two-month lows. Gold prices edged up as the risk-off mood weighed on bond yields but meaningful follow-through failed to materialize as the US Dollar reclaimed support from haven-seeking flows, […]
AUDUSD Daily Analysis – Thursday, Oct. 25
AUDUSD remains in the downtrend from 0.7159. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.7041 support. Only a clear break above the channel resistance could signal completion of the downtrend.
The Three Largest Cryptocurrencies – This Week’s Update
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
No Such Thing As An 80% Boom
Many attribute the saying “a rising tide lifts all boats” to President John Kennedy. He may have been the man who brought it into the mainstream but as his former speechwriter, Ted Sorenson long ago admitted, it didn’t originate from his or the President’s imagination. Instead, according to Sorenson, it was a phrase borrowed from […]
A Bear Market Or A Tarantula Market?
This is the point where sticking to investment process matters most. Every fall we get a sort of tarantula migration through Walker, the little community near Prescott, AZ where I live. The header picture for this post is a tarantula that I took on our hike on Sunday. Every fall they come, they are visible […]
Bear Market – 74% Of The Signposts Have Been Triggered
Bear Market – Weak Richmond Fed Survey The Richmond Fed index fell from 29 in September to 14 in October. This missed the consensus for 24 and the lowest estimate which was 16. Weakest component was shipments which fell from 33 to 7. The volume of new orders fell from 34 to 20. There aren’t […]
Expect A “Lost Decade”, Stock Market Rout “Only Just A Start”
October has been a terrible month for equities. Yet, this is only a start of what’s to come. Decline Barely Started Despite the rout, the S&P is just barely down for the year. Expect a “Lost Decade” Why? The Shiller PE Ratio also known as “CAPE”, the Cyclically Adjusted Price-Earnings Ratio, is in the stratosphere. It’s not […]
E The Bank Of Canada Holds Out For A ‘Neutral’ Rate Of Interest
Increasingly, we are hearing central bankers yearn for a ‘neutral ‘policy rate as they pursue a path of rate hikes. Earlier this month, Federal Reserve Chairman Powell said his central bank is a ‘long way’ from reaching a neutral Fed funds rate. Today, the Governing Council of the Bank of Canada ‘agrees that the policy […]
