Eurozone Inflation At 1.4% As Expected, Core Stuck At 0.9%
Euro-zone CPI stands at 1.4% y/y as expected. Core CPI is at 0.9%, lower than 1% expected. The weak core numbers are a headache for the ECB. PPI beat with 0.6%, but it isn’t that important. This is the first release of inflation data, but the final data usually doesn’t deviate from the initial publication. […]
Bitcoin Futures Buyers Move Back In
As volume begins to build on the CBOE futures contract following the holiday period, it was the buyers who stepped in yesterday to help drive Bitcoin back over the $15,000 level, with the $15,500 level now fast approaching. For much of Wednesday, Bitcoin futures oscillated around the VPOC, and denoted with the yellow dashed line, […]
Big Difference Between Wanting To And Having To
According to the Federal Reserve, US consumers in October added a large $8.3 billion (SA) to their credit card balances. That was the third largest monthly increase since 2007. For some, that’s an indication of risk-taking and therefore recovery-like behavior on the part of American consumers. Given that it’s been this way for some time, […]
The Narrative Of High Debt And Powerful Central Banks
In 2017 GDP growth picked up solidifying a global expansion phase that had previously been slow and erratic. The number of countries growing at rates consistent with their potential increased to levels not seen since prior to the global financial crisis. As the expansion gathers pace and, in some cases, becomes long by historical standards, […]
Above The 40 – The S&P 500 Once Again Outstretches The Field
AT40 = 65.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 63.2% of stocks are trading above their respective 200DMAsVIX = 9.2 (was as low as 8.9)Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) burst higher yet again and spent most of the day at or above its upper-Bollinger Band (BB). Technically, […]
Dividends By The Numbers Through December 2017
2017 marked something of a turnaround for the fate of dividends paid by publicly-traded companies throughout the year. What had been a multi-year declining trend for the U.S. stock market since mid-2014 appeared to bottom out between March and June 2017, before reversing into an improving trend throughout the rest of the year. Let’s drill […]
U.S. Markets Make Titanic Gains Post-2016 Presidential Election
Since November 8, 2016, the following percentage gained/lost graphs show that, to date, 8 of 9 Major Indices increased from 27.31 to 41.58%, while the 9th posted gains of 4.71% 6 of 9 Major Sectors gained from 26.09 to 44.69%, while the remaining 3 gained from 8.93 to 12.37% It looks like someone was anticipating an improved economic future from the election results and bet heavily on U.S. markets to […]
GBP/USD Bullish Channel Offers Key Breakout Levels
GBP/USD 4 hour The GBP/USD bullish trend is continuing higher in a bullish channel (blue) after a bearish retracement back to the round level of 1.35. Price could be moving towards the Fibonacci targets of waves 5, which seems to be part of a wave C (green) although the previous top could be a tough […]
3 Large-Cap Pharma Stocks To Watch Out For This New Year
The year 2017 has turned out to be pretty impressive for the pharma/biotech stocks. Though the industry was hampered by drug pricing issues in 2016, it bounced back and made a considerable headway in 2017, courtesy of a slew of FDA approvals. The regulatory body approved 46 novel drugs last year, easily surpassing 2016’s total […]
Ghana Urged To Invest 1% Of Its Reserves In Bitcoin
The vice president of investment bank Groupe Nduom, Papa-Wassa Chiefy Nduom, has urged the Bank of Ghana to diversify its investment by placing about one percent of Ghana’s reserves in bitcoin. According to GhanaWeb, Ndoum deflected arguments that it is too volatile by saying: “I don’t think it’s a gamble, I think every investment is a […]
