Category Archive: Finance, No picture
Vehicle Miles Traveled: Another Look At Our Evolving Behavior – Tuesday, Sept. 26
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through August. “Travel on all roads and streets changed by +0.3% (+0.8 billion vehicle miles) for July 2018 as compared with July 2017. Travel for the month is estimated to be 288.1 billion vehicle miles”. The 12-month moving average was […]
Impossible Hawks
On December 8, 1940, Winston Churchill wrote to Franklin Roosevelt. The situation was indeed grim, France having fallen to the Germans and the United Kingdom pushed right off Continental Europe. Defeats in the Pacific were some of the worst in the long history of the British Nation. The battle was now raging over English skies, […]
Fed Hikes Rates Again In Slam-Dunk Decision. Could A Trade War Derail Future Raises?
The U.S. Federal Reserve (the Fed) raised interest rates again today, marking its eighth hike for the expansion. This was a slam-dunk decision—fiscal stimulus has pushed U.S. GDP (gross domestic product) growth rates well above the economy’s long-term potential, the unemployment rate is hovering near a 50-year low1 and core inflation is within a rounding error […]
Margin Debt And The Market – Tuesday, Sept. 26
Note: The NYSE has suspended their NYSE Member Firm margin data as of December 2017. We have replaced our Margin Debt data with FINRA data, which includes data for all firms, not just NYSE member firms. The New York Stock Exchange previously published end-of-month data for margin debt on the NYX data website, including historical data going […]
ETFs Set To Benefit/Lose From Higher Brent Prices
Oil price rallied with global benchmark Brent breaching $82 per barrel, the highest since November 2014. The increase came after Saudi Arabia and Russia refused to increase production to offset falling Iranian oil exports in a meeting in Algiers on Sep 23. The United States is expected to re-impose sanctions on Iran starting Nov 4. […]
Fed Hikes 1/4 Point As Expected: Dot Plot Indicates One More 2018 Hike Coming
In its FOMC statement, the Fed says the economy continues to strengthen, unemployment is low, and spending is strong. The Fed hiked rates a quarter point to a range of 2.00% to 2.25%. Here is the FOMC Statement. Information received since the Federal Open Market Committee met in August indicates that the labor market has continued […]
USD Could Recover If Markets Understand What Removing “Accommodative” Means
The Fed raised rates and left the dot-plot unchanged. The removal of the “accommodative policy” wording hit the US Dollar. This is not necessarily dovish as it seems. The Federal Reserve raised interest rates as expected. They also maintained the dot-plot as is, thus indicating another increase in December, concluding 2018 with four hikes. The […]
Breaking Down Gold Vs Foreign Currencies, US Markets, And The USD
With all the recent talk of a weak USD you would think that the PMs would have been really benefiting. As Jordan Roy-Byrne, Founder of The Daily Gold, points out, gold has remained relatively weak against not only the USD but also foreign currencies. The bounce in GDX reached 10% but is not reversing. Most […]
Housing History And Why The Yield Curve Got So Flat
The global economy was in very rough shape in 1980. Caught in the spiral of the Great Inflation, there was practically nowhere to hide from ripping upheaval – beyond just the economic problems. Despite trying seemingly everything for an entire decade, nothing Economists came up with would rebalance the system. They kept saying they only […]
Weekly Technical Perspective On The Canadian Dollar (USD/CAD)
In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. The Canadian Dollar rallied to a 15-week high against the US Dollar last week (USD/CAD lower) with a near-term recovery in price likely to offer opportunities in the days ahead. Here are […]
