Turkey ETF Slides Ahead Of Thanksgiving On Political Crisis
A Thanksgiving spread is not laid until the Turkey makes its presence felt on the table. Apart from the bird, another Turkey has been grossing investors’ attention this Thanksgiving. Yes, we’re talking about the country called Turkey. Let’s look at the investment odds surrounding this country right now and see why it’s not winning favor. […]
Recent Stock Purchase November 2017
With three weeks of November in the rear view mirror and the signpost up ahead reading “Thanksgiving weekend next exit,” it is time, once again, for me to report my monthly buy(s) and look forward to tuning out all the financial headlines and noise, at least for a few days. As I always say, there […]
Platinum Is The Metal To Own Right Now
The palladium price has not taken a break yet. Palladium is in a relentless bull market. The price of the silvery-gray metal soared in early 2016. The price more than doubled since then, and it shows little sign of slowing down. You can see what I mean in the chart below: Automobile demand is the sole […]
Selling Into Junk Strength
On this day of lifetime highs on almost every important index in the world, I’m selling short high-yield bonds. Here are a couple of ETFs, each of which have vaulted over the past week to their respective topping patterns. Here’s high-yield fund JNK: Here’s the second, HYG:
The Global Domination Of Big Tech
Video Length: 00:01:12 The big four — Apple, Amazon, Facebook, and Google — have literally changed the face of the world economy, and are collectively responsible for creating a combined market capitalization equivalent to the GDP of India with a population the size of the Lower East Side of Manhattan. This, according to Scott Galloway, […]
AUD/USD Carves Bullish Outside-Day As RBA Strikes Hawkish Tone
The Australian dollar outperforms its major counterparts, with AUD/USD at risk for a larger rebound as the Reserve Bank of Australia (RBA) gradually alters the outlook for monetary policy. A bullish engulfing appears to be taking shape in the aussie-dollar exchange rate as Governor Philip Lowewarns ‘that ‘it is more likely that the next move in interest […]
Goldman’s 2018 S&P Outlook Is Here: ‘Irrational’ Versus ‘Rational’ Exuberance
Apparently, everyone is going to adopt on an oxymoron when describing their outlook for equities in 2018. As noted last week, there’s something not quite right about the term “rational exuberance.” “Exuberance” implies at least a little bit of irrationality in most cases and there is most assuredly some irrationality inherent in being “exuberant” about […]
USD/JPY Back To 112.00?
Despite rising equity markets, steady yields, positive economic data and the prospect of a Fed rate hike in December USD/JPY has done nothing but slide lower over the past few weeks. What gives? The problem for the pair is that the market remains skeptical about any further rate hikes in 2018. For now, the […]
Why Are People Buying Bonds With Negative Yields?
Bloomberg reports an astonishing bit of interest rate news from France. Mark Gilbert reports, French utility Veolia Environnement SA is one of a handful of low-rated borrowers — assessed at BBB or lower by Standard & Poor’s — with fixed-rate debt repayable in three years or longer that trades at yields below zero in euros. Fleckenstein […]
With Crude Speculators ‘All In’, OPEC Event Looks Risky
The phrase ‘buy the rumor, sell the news’ is overused on Wall Street for a reason. Prior to significant events, prices tend to rise on rumors and then drop sharply following a highly anticipated event. Looking at WTI, the last OPEC meeting (May 25, 2017) is a great example of this pattern. Rumors of deeper […]
