Category Archive: Finance, No picture
AUD/USD Daily Analysis – Friday, Sept. 28
AUD/USD broke below 0.7236 support, suggesting that the upside movement from 0.7085 had completed at 0.7314 already. Further decline could be expected in a couple of days and next target would be at 0.7150 area. Near term resistance is at 0.7250, as long as this level holds, the downtrend will continue.
EU Holds Emergency Meeting To Prepare For No-Deal Hard Brexit
After the EU rebuked Theresa May’s Chequers proposal, the chance of a hard Brexit rose sharply. The EU is now preparing. The Financial Times reports EU Prepares Five-Day Plan in Case of No-Deal Brexit. Similarly, Bloomberg says EU Envoys to Discuss Emergency Preparations. Neither article said much of anything beyond the title and subtitle. Eurointelligence had much more […]
AI And The New Health Care
The first major industry to be fundamentally disrupted by artificial intelligence will be health care, America’s last 19th century industry. Major diseases are being cured at such a dramatic pace that if you can survive the next decade chances are you can live forever. DNA is the software of life and spending $3 billion to […]
UK Financial Services – Opportunities And Threats Post-Brexit – Short-Term Pain, Long-Term Gain?
In a departure from the my usual format this Macro Letter is the transcript of a speech I gave earlier this week at the UK law firm Collyer Bristow; Thomas Carlisle may have dubbed Economics ‘the dismal science,’ but I remain an optimist. Setting aside the vexed question of whether Brexit will be hard, soft […]
Agricultural Exports Plunge, Trump Accuses China Of Meddling In US Elections
The census dept reports the trade deficit widened by 5.3% with ag exports down 9.5%. Trump was already annoyed. The Census Bureau advance report on International Trade in Goods shows the international trade deficit was $75.8 billion in August, up $3.8 billion from $72.0 billion in July. Exports of goods for August were $137.9 billion, $2.3 billion […]
Why A 15 P/E Ratio Represents Fair Value For Most (Not All) Companies
Introduction One of my favorite Warren Buffett quotes is “investing is most intelligent when it is most businesslike”. The reason this quote resonates so much with me is because I believe it represents the essence of value investing. To me, value investing is about positioning yourself as a shareholder/owner/partner in a wonderful business that you […]
Make Your Case, Jay
June 13 sticks out for both eurodollar futures as well as IOER. On the surface, there should be no bearing on the former from the latter. They are technically unrelated; IOER being a current rate applied as an intended money alternative. Eurodollar futures are, as the term implies, about where all those money rates might […]
Base Metals, Gold, And Uranium – What Actually Matters
Lobo Tiggre, Founder of The Independent Speculator joins me to share his thoughts on a range of resources. We start with base metals and how the trade war fears are impacting prices. China is also considered on the demand front. We then switch to gold and its inability to rebound after the summer drop. Finally, […]
Moving Averages: Month-End Preview – Thursday, Sept. 27
Here is an advance preview of the monthly moving averages we track after the close of the last business day of the month. At this point, before the close on the last day of the month, all three S&P 500 strategies are signaling “invested” — unchanged from last month’s triple “invested” signal. Three out of […]
