Yields Spiking On The Back Of A BoJ Statement
Doc joins me today to address the move in long-term yields. The Bank of Japan made a slightly surprise move last night by trimming its purchases of longer-dated JGBs. This is causing the US yields to spike with the 10 year now above 2.50%. However, 2.60% is the crucial level to watch. We also touch […]
Risk-Blind And The Great Bear Market Coming
Our son was born in December 1999, three months before the ‘irrationally exuberant’ stock market peak of March 2000. When he was young, we used to tell him that he was born at the top of the greatest stock market bubble of all time. Apparently we were mistaken. Celebrating his 18th birthday last month, we […]
Stocks And Precious Metal Charts – Masters Of War
Stocks tried to rally higher today, and tended to fall back a bit into the afternoon, finishing with modest increases. It is too early to say with any certainty, but this is starting to look like a blow off top. No need to guess; we will know it, when it confirms. It would most likely […]
With WTI Highest Since Dec 2014, Here’s 4 Factors That Could Derail The OPEC Deal
With WTI Crude futures topping $63, at the highest level since Dec 2014, it seems the market has convinced itself that everything is fixed thanks to OPEC, inventory overhangs are a thing of the past, and Aramco’s IPO can go ahead on its glorious fee-proving crescendo… However, as OilPrice.com’s Tsvetana Paraskova points out, 2018 may not […]
Will The World Economy Continue To “Roll Along” In 2018?
Once upon a time, we worried about oil and other energy. Now, a song from 1930 seems to be appropriate: Video length: 00:03:20 Today, we have a surplus of oil, which we are trying to use up. That never happened before, or did it? Well, actually, it did, back around 1930. As most of us […]
November 2017 Headline JOLTS Job Openings Decline
The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings again declined. The headline view also shows a decline. Analyst Opinion of JOLTS Data JOLTS had been showing little change […]
The Risk Is Not In The Bulls Favor
My Swing Trading Approach I’m not against adding new positions to the portfolio, but right now, the risk is not in the bulls favor. A near-term pullback at some point is likely, which will create better entry prices. Keep moving up those stops! Indicators VIX – Popped again yesterday for a third straight day, but gave […]
Kodak Soars 77% On News It Will Launch “KodakCoin” Cryptocurrency
Kodak wants in on the hype. It announced its own cryptocurrency today, the KodakCoin. Today Kodak hopped aboard the Crypto Bandwagon with a “major blockchain initiative.” The company and WENN Digital announced Tuesday the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency. For its part, Kodak acknowledged in its press release that […]
2018 Could Be Another Knockout Year For Emerging Europe
Domestic stocks were a great place to invest in 2017, but hopefully, you didn’t overlook opportunities overseas. Emerging markets had a gangbusters year, surging more than 37.5 percent with dividends reinvested, as measured by the MSCI Emerging Markets Index. A combination of rising PMIs—or the purchasing manager’s index I talk so often about—and a steadily […]
Five Airline Stocks Likely To Beat Q4 Earnings Estimates
Its earnings time again! This is the time when the investor community is busy comparing estimates with actual outcomes. Prior to the releases, investors would look to add stocks that have the potential to surpass earnings expectations in the quarter. This is because an earnings beat positively impacts the stock price. Given this backdrop, the […]
