Demographics Are Adding To Lower US Growth
When you look at what the US has gone through over the last decade, in terms of the job market, what stands out is the total decimation of jobs during the Great Financial Crisis. From early 2008 until early 2010, we went through the worst job loss in 60 years. Not since the 1940s had […]
Expressway To The Poorhouse
Get ready! Here’s a slap for just about all of us, and it could be a costly one… There are two new national sports in the U.S. and both are about the stock market: guessing when this bull market will end and guessing about what the next big move in the market will be. It’s […]
Nigeria’s Foreign Reserves Rise To 4-Year High In January
Rising global oil prices boosted Nigeria’s foreign reserves in January 2018, the reserves which rose by 50 percent in 2017 from $23.6 billion low of October 2016, jumped to $38.8 billion in 2017. According to the new Central Bank of Nigeria’s statement released on Monday, foreign reserves increased further in January, rising to $40.4 billion. The highest […]
E Market Briefing For Tuesday, Jan. 9
Daily action – this evening the S&P is a bit more defensive. Perhaps it’s a delayed reaction to our final hour report about the Washington Post saying Trump may be asked to testify to Mueller. It’s on all the networks tonight. It doesn’t strike me as problematic; maybe the Oprah 20/20 is a bigger deal. […]
EC Two Potentially Important Notes For Consumer Credit
As expected, the Federal Reserve reported today that consumer credit expanded by an unusually large amount in November. Non-revolving debt rose by $16.6 billion, which is only slightly more than the recent average, and less than the average flow three years ago. It was instead revolving consumer credit where balances expanded the most (+$11.2 billion). […]
Caterpillar: Chart Of The Day
The Chart of the Day belongs to Caterpillar (CAT). I found heavy machinery stock by using Barchart to sort today’s 52 Week High list first by the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Next I used the Flipchart feature to review […]
More Gains: Is This Market Unstoppable?
Too good to be true? More gains for the stock market. It feels unstoppable. The PMO index is at its max. In a normal cycle, this is usually when I start thinking about lightening up a bit and raising some cash. I’m starting to take partial profits on anything that looks extended, and I am […]
Waiting For The Market To Boom Is A Terrible Strategy
Sam Lee wrote a very awesome piece last year titled “Waiting for the Market to Crash is a Terrible Strategy“. The basic gist of the post was that you shouldn’t wait around for market crashes trying to time when you will invest in the markets. That summary is a disservice to Sam’s thoughtful post so […]
Natural Gas Prices Briefly Settle Down
After a wild few weeks of trading, natural gas prices seemed to settle down a bit today. The February contract traded in an 8.5-cent range through the day today, which is the smallest intraday range for the prompt month natural gas contract since December 19th. This came as prices gapped up weakly last night and […]
The Bulls Are Still Rockin’ The Stock Market In The New Year
The bulls have yet to see a single day in the red so far. There is so much green across the board, that the market is once again, becoming very easy. I’m a little tepid here. I added some positions in late December, as well as all throughout last week. There are more positions that […]
