Category Archive: Finance, No picture
What A No Brexit Deal Means For The Market
Yesterday, Sterling had the worst day since the day the UK voted to leave the United Kingdom. It dropped by more than 2% after the resignation of the Brexit minister, Dominic Raab. His resignation was followed by that of two other members of the cabinet. In his letter of resignation, he said that he would […]
Bitcoin: 3 Explanations For The Crash, Big Levels To Watch
BTC/USD crashed spectacularly and hit the lowest levels since October. It is hard to find clear reasons for the plunge that may have been a long time in the making. The technical levels to watch are broader than usual. Volatility is finally back. And with a vengeance. Bitcoin crashed not only below $6,000 but also […]
USD/JPY Extends Bearish Series Following Less-Hawkish Fed Rhetoric
USD/JPY is back under pressure as Fed officials scale back their hawkish tone ahead of the December meeting, and recent price action raises the risk for a larger pullback as the exchange rate extends the series of lower highs & lows from earlier this week. USD/JPY EXTENDS BEARISH SERIES FOLLOWING LESS-HAWKISH FED RHETORIC The rebound […]
Gold & US Dollar Market Update
A review of the gold market and the US Dollar. Video Length: 00:10:32
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 […]
