Category Archive: Finance, No picture
Dow Secondary High Imminent
Previous analysis is updated – the price as traded as outlined and rising to levels where a secondary is likely to form. However, there is a change to the longer term outlook in that I now favor a more substantial correction to take place before the overall bull market resumes. Daily Chart Pattern This […]
What Will The Markets Do For An Encore?
VIX tested Long-term resistance at 14.17 before closing beneath Short-term support/resistance at 12.99. The probe above critical support/resistance may have triggered a probable buy signal in the VIX. The Cycles Model shows a likely surge strength for the VIX through mid-October. (Bloomberg) U.S. stocks have been on a tear over the past week. So why […]
Yes, The Trump Recovery Really Can Keep Going
President Trump’s opponents may not like his philandering past and midnight tweets but on the economy, only cynics can argue with the results. The economy accomplished 4.2 percent growth in the second quarter and appears headed for an overall score of 3 percent for the entire year. A tight job market is finally rewarding workers […]
Investigating Claims Regarding The Bitcoin Hash Rate: Fact Vs. Fantasy
Analysts claim the bitcoin hash rate leads price. Let’s investigate. Price Follows Hash Rate Claim Max and I agree on some things and disagree on others. Place that Hash Rate Tweet into our bucket of disagreements as the following chart clearly demonstrates. Data for the above chart from Blockchain Charts. They have a huge error on the […]
Einhorn’s Greenlight Crashes 25% YTD After 8% Drop In August
Two months ago, in our ongoing chronicle of the pain suffered by David Einhorn’s Greenlight Capital, we reported that based on interim monthly numbers, the fund had lost a massive 8% in the month of June, bringing his – and his LPs’ – total loss for the year to 19%. The reason: Einhorn got clobbered […]
Economic Data And Forecasts For The Weeks Of September 3 And 10
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of September 3 September 4 PMI Manufacturing Index – August 54.3 54.5 54.5 ISM (Mfg) – August 57.9 58.1 57.6 Construction Spending – July 0.4% -1.1 0.4 […]
The Next Crash
September 15 will mark the tenth anniversary of the collapse of Lehman Brothers and near meltdown of Wall Street, followed by the Great Recession. Since hitting bottom in 2009, the economy has grown steadily, the stock market has soared, and corporate profits have ballooned. But most Americans are still living in the shadow of the Great Recession. […]
Dollar And Yen Strong Finish Warn Of Next Week’s Anxieties
The pullback in the dollar from the mid-August faded last week as emerging market and trade tensions resurfaced as potent forces. The outperformance of US assets in August was expected to generate dollar-sales at the end of the month, the dollar gained against all the major currencies at the end of last week. The dollar’s low was […]
Week In Review: Nearly $1 Billion In Cross-Border China Biopharma Deals
WeDoctor, Mason Group and Aldworth Management agreed to pay up to $510 million to acquire an 89.5% stake in Genea, an Australian fertility treatment company (see story). Genea’s assisted reproductive technologies are used in more than 600 clinics across 60 countries. Earlier this year, the three-company consortium formed a Hong Kong IVF clinic called Reproductive Healthcare. […]
