Category Archive: Finance, No picture
Record Bearishness On Gold As Commercials Go Net Long Fifth Week
Commercial traders are net long gold by the most in 17 years as hedge funds go increasingly short. Commercial traders are net long gold. What’s going on? Some of the commercial traders are market makes who take the other side of trades and are hedged. The other portion of commercial traders are the […]
4 ETF Picks For October
The month of October will be highlighted by a deluge of earnings, rising rate worries and the onset of the holiday season. As per the Earnings Trends issued on Oct 3, 2018, earnings growth of the S&P 500 in Q3 is expected to be 17.9% on 7.3% higher revenues. The economic front looks upbeat barring some occasional […]
Can Seasonal Adjustments Help Us Understand The Economy?
According to mainstream thinking, economic slumps are caused by various shocks. This means that these slumps are caused by unexpected events, which by implication are not known beforehand. Obviously if reasons behind various shocks cannot be established beforehand it makes sense to look at various symptoms of the emerging economic slump. Based on these symptoms […]
Week In Review: Shanghai Henlius To File For Hong Kong IPO At Valuation Of Over $1 Billion
Shanghai Fosun Pharma (HK: 02196: SHA: 600196) announced it will seek a Hong Kong IPO for Shanghai Henlius Biotech, its monoclonal antibody JV subsidiary (see story). At the same time, the company will withdraw its application for a listing on China’s Third Board, the National Equities Exchange and Quotations System. Founded in 2010, Henlius is a joint […]
Economic Data And Forecasts For The Weeks Of October 8 And15
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of October 8 October 9 NFIB Small Business Optimism Index – September 108.8 108.8 108.0 October 10 Producer Price […]
SPX Closes At Short-Term Support
VIX rallied above its Long-Term resistance and bullish flag formation at 14.45, confirming a buy signal. The Cycles Model shows a likely surge in strength for the VIX through late October. (Bloomberg) The scariest Halloween costume imaginable pales in comparison to a Friday inversion of the VIX futures curve. A severe sell-off in technology […]
