Pound’s Breakout Exposes Yearly Highs
Speculators piled into the British pound, triggering a range breakout, according to the latest Commitment of Traders (COT) report. Equity markets remain resilient despite cautious positioning trends by (non-commercial) speculators and an increased bout of volatility. Meanwhile, speculators were mixed in terms of positioning vs the USD, but managed to up their extremely bullish bets […]
What’s The Point, Gold And Silver Report
A reader emailed us, to ask a few pointed questions. Paraphrasing, they are: Who cares if dollars are calculated in gold or gold is calculated in dollars? People care only if their purchasing power has grown. What is the basis good for? Is it just mathematical play for gold theorists? How does knowing the basis […]
Latest Thoughts On U.S. Market Valuations
Professor Jeremy Siegel recently appeared on CNBC and suggested that the U.S. equity markets were approaching fair value and that markets might “pause” some of their strong gains in 2018. Siegel still believes corporate tax cuts are one factor that supports the market strength and that earnings should receive a boost from pending changes. He […]
British Pound Optimism Looking Stretched
The last time the pound looked stretched was due to rate hike expectations, but this time Brexit is in the driver’s seat. According to the BBC, deals have been struck in recent days relating to the size of the divorce bill and EU citizen’s rights in the UK. Hopes are also rising for an Irish border […]
Morning Call For Monday, Dec. 4
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.62%) this morning are up +0.62% at a new record high after the Senate on Saturday passed legislation that will cut the U.S. corporate tax rate to 20% from 35% in 2019. Also giving U.S. equity markets a boost is the legislation in the House that will push […]
Watch For Reversal In The Dow Jones Transports (DJT) As It’s At Critical Resistance
Dow Jones Transportation Average (DJT): Short-Term/Daily: Stodgy Uptrend since May 2017. New high made last Thursday, November 30. Possible major reversal starting. Intermediate-term/Weekly: Uptrend since January 2016. Current new high hit circular resistance. Watch for possible reversal. Long-Term/Monthly: Uptrend since March 2009. Current market also appears to be topping at major geometric resistance. SHORT-TERM/DAILY: Last Thursday, November 30, […]
Rig For Stormy Weather
What storm? The Dow Jones Industrial Average (DOW) reached another all-time high. Interest rates in the U.S. are yielding multi-decade lows, some say multi-century lows. Trillions of dollars in global sovereign debt have negative yield and European junk bonds yield less than 10 year U.S. Treasuries. “Official” unemployment is low. Borrowing is inexpensive. Things are good, […]
Why AI And Robots Are Triggering The Next Industrial Revolution
Every month, we will take a look at one of the big emerging trends in the business (and, for our purposes, investing) world. First, we will examine the trend, and then spend the month looking at stocks that will benefit – or be challenged by – that trend going forward. Hopefully, we can identify some […]
AUD/USD Forex Signal – Monday, Dec. 4
Last Thursday’s signals produced a possible short trade following the bearish engulfing candle rejection of the resistance level identified at 0.7594, but it wouldn’t have given a great reward to risk as there was then a very successful bullish trade from the bullish inside candle bouncing from the support level identified at 0.7556! Two winning trades […]
Turkey At Risk Of Hyperinflation As CPI Soars To 14-Year High
Turkey’s currency is being battered from all sides at the moment. In October 2017, the Lira fell sharply after both countries suspended bilateral visa processing in the latest US/Turkey diplomatic spat (although this was reversed in early November). Two weeks ago, it fell to a record low of 3.97 to the dollar, prompting the central bank to […]
