The US Stock Market Just Did Something It Has Never Done Before
It has now been 242 days since the US equity market dipped by 3% or more. That has never, ever, happened before. Rick Astley said it best…“never gonna let you down… or desert you”. It’s ironic then that stocks had their worst day in 6 weeks. GE schizophrenia shows the utter farce that this so-called ‘market’ has […]
Stocks And Precious Metals Charts – Too Much Capital In Too Few Hands
Markets reversed today from this morning’s action. Let’s see if this sets a trend, or is merely another inconsequential wiggle.
Updated Thoughts On General Electric (GE)
Knowing how much patience to exercise with an underperforming holding is one of the hardest (and often most humbling) challenges in investing, in my opinion. As a long-term dividend growth investor, when I purchase shares of a company, I hope to hold my ownership stake forever and keep portfolio turnover as low as possible. Of course, […]
Are ICOs Replacing IPOs?
Background image created by Dragana_Gordic – Freepik.com Last week I was in Barcelona speaking at the LBMA/LPPM Precious Metals Conference, which was attended by approximately 700 metals and mining firms from all over the globe. I found the event energizing and stimulating, full of contrary views on topics ranging from macroeconomics to physical investment markets […]
More Proof This Bull Market Will Last
Stocks are in a bull market. At least that’s what the price action is telling us. Skeptics argue that the bull market is built on a pile of sand. And, they warn, sand piles have a habit of collapsing suddenly. But the chart below shows the stock market isn’t ready to collapse. My Peak Velocity indicator shows this […]
GBP/USD: Threatening Further Upside On Corrective Recovery
The GBP/USD pair looks to follow through higher on the back of its Friday price recovery. Support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1.3000 level. Conversely, resistance […]
November Natural Gas Goes For A Run
November natural gas prices settled up over 2.5% on the day today, though prices traded in a narrow 6.9-cent range through the trading day. After a significant gap up last evening, prices attempted to close the gap early this afternoon before rallying into the settle. The vast majority of the gains on the day came […]
Abe Landslide: What Does It Mean For Markets?
In a special edition of our “Behind the Markets” podcast, following the Japanese parliamentary elections over the weekend, we interviewed Jesper Koll, WisdomTree’s Head of Japan, and Brad Bechtel, currency strategist at Jefferies LLC, to get their outlook for the Japanese equity markets and the currency markets. The landslide win for Prime Minister Abe shows […]
AUD/USD – Headed For 77 Cents?
One of the weakest performing currencies on Monday was the Australian dollar. After selling off sharply at the end of last week, the selling continued despite the lack of US and Australian data. AUD spent most of the North American trading session in negative territory even though the USD struggled to rally. Tomorrow night we […]
Tax Cuts For “The Rich” Are Taxing Everybody
As soon as it was revealed, the Trump administration’s framework for tax reform was instantly attacked by Charles Schumer, Nancy Pelosi and friends, trying to bludgeon it to death with assertions that it was just “tax cuts for the rich.” A letter from Senate Democrats said “Tax reform cannot be a cover story for delivering […]
