Category Archive: Finance, No picture
Top 5 Charts Of The Week – Thursday, Sept. 6
This week: The global manufacturing PMIs – a synchronized slowdown The path of the big 3QE central banks as the big monetary experiment comes full circle The impact of Fed rate hikes on EM central banks – forced tightening Valuation and positioning for the GBPUSD exchange rate – undervalued and oversold What’s going on with […]
Cryptos Crushed: And When Bitcoin Catches A Cold, The Altcoins Catch Pneumonia
Cryptocurrencies repeat their recent pattern. When Bitcoin drops, the Altcoins get smashed. In the short while it took to finish this article (about one hour), all the cryptos were smashed. And when Bitcoin catches a cold, the Altcoins catch Pneumonia. This was my lead chart right as I was about ready to post this piece. […]
Crude Oil Prices Take Aim At Trend Support, EIA Data On Tap
Broad-based risk aversion weighed on sentiment-sensitive crude oil prices Wednesday, with the WTI contract following the bellwether S&P 500 downward. Technology shares led the way lower amid concerns that Congress may opt to begin regulating social media. API inventory flow data compounded downside pressure, showing inventories shed a relatively modest 1.17 million barrels last week. Meanwhile, gold prices corrected higher as the US Dollar pulled back […]
AUDUSD Daily Analysis – Thursday, Sept. 6
AUDUSD moved sideways in a trading range between 0.7144 and 0.7235. As long as 0.7235 resistance holds, the downside movement from 0.7381 could be expected to continue and next target would be at 0.7100 area. On the upside, a breakout of 0.7235 resistance would indicate that the downside movement had completed at 0.7144 already, then […]
Sensex Opens Marginally Higher; Realty And Pharma Stocks Witness Buying
Asian shares are trading on a mixed note today. The Nikkei 225 is down 0.26% while the Shanghai Composite is trading up by 0.17%. Back home, India share markets opened the day marginally higher. The BSE Sensex is trading up by 24 points (up 0.1%) while the NSE Nifty is trading up by 7 points (up 0.1). The BSE Mid Cap index is trading up by […]
Tesla “Lawyering Up In A Major Way” As SEC Pressure Intensifies
The SEC’s formal investigation into Tesla looks to be ramping up because as FOX Business News reporter Charlie Gasparino reported on Wednesday, Tesla’s board and Elon Musk have both retained counsel with substantial pedigree to defend themselves. In an on-air segment between Gasparino and Neil Cavuto on Wednesday afternoon, Gasparino reiterated that the SEC investigation into the […]
Market Cap To GDP: Updated Look At The Buffett Valuation Indicator
Note: This update incorporates the latest Z.1 data release (Q1), the Q2 GDP Second Estimate, and the August close data. Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001, he remarked in a Fortune Magazine interview that “it is probably the best single measure […]
The Ultra-High Taxes Created By Trade Tariffs
It’s really very simple. If someone is making a ton of money off of you, they are less inclined to blow you up. Profits are a great pacifier, and no one wants to destroy the people who have been buttering your bread. During the 1960s, the U.S. defense establishment went into a panic when China […]
The Market’s Shaky House Has Good Bones
Before I begin, I hope some of you took advantage of last night’s report on shorting Netflix. NFLX began the session lower and proceeded to sell off. NFLX stock closed lower by over $22.00. When I wrote “the slope on the 50 daily moving average is negative. That means the warning phase could escalate to […]
The Sherwin-Williams Company, Trading At Uncharacteristically Higher Valuations
Sherwin-Williams (SHW) is a terrific company with all the growth and consistency characteristics that I prefer. Historically the company has grown at double-digit above-average rates. However, since coming out of the Great Recession the company’s earnings growth rate has accelerated significantly. Consequently, Sherwin-Williams has been trading at uncharacteristically higher valuations than normal since 2013. On […]
