Category Archive: Finance, No picture
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 […]
Key Tech Levels To Watch Right Now
What levels are important in the /NQ and key tech stocks like AAPL, AMZN, FB, MSFT and others? Video Length: 00:09:42
Durable Goods Order Jump 4.5%, Almost Entirely On Aircraft
Durable goods orders jumped 4.5% in August. Excluding transportation, durable goods orders increased 0.1%. The Census Department report on Advance Durable Goods shows orders rose 4.5% in August. New Orders New orders for manufactured durable goods in August increased $11.1 billion or 4.5 percent to $259.6 billion, the U.S. Census Bureau announced today. This increase, up two […]
Stocks Fall After Fed Hikes Rates
Stocks Fall – Bank Stocks Fall Along With Treasury Yields The action on Wednesday was interesting. Both the sectors that like rate hikes and the sectors that don’t like rate hikes did poorly. The financials like rate hikes. However, they fell 0.99%, possibly because the Fed removed the term ‘accommodative’ from the statement. This pushes […]
What Argentina Tells Us About America’s Future
MOLINOS, ARGENTINA – “Never interrupt an enemy when he is making a mistake,” said Napoleon. In the 1970s, two of America’s biggest rivals were making big mistakes. Russia had been operating a centrally planned economy since the 1920s. China took up central planning after World War II. Communist central planning was a curse to those […]
Weekly Unemployment Claims: Up 12K, Worse Than Forecast
Here is the opening statement from the Department of Labor: In the week ending September 22, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 12,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 201,000 to 202,000. The 4-week moving average was 206,250, […]
Looking Back, Looking Ahead
In this year’s first column I said that GDP would grow 3 percent or more in 2018. Few agreed, but now it’s a sure thing. Because of economic strength, I predicted that the Fed would raise interest rates and raise them again, frustrating President Trump along the way. They did. Expect more tweets. I also […]
Will Britain Ever Manage To Leave “Hotel California”?
Last thing I remember, I was Running for the door I had to find the passage back to the place where I was before “Relax” said the night man, “We are programmed to receive. You can check out any time you like, But you can never leave!”[i] The Eagles lyric from the 1970s is nearly […]
