Why An Aging Millennial Population Means More Good Times Ahead For Home Improvement Retailers
This week me and Christine Short, are joined by Jeff Macke, head of Macke Asset Management and Spencer Jakab, Deputy Editor for Wall Street Journal’s Heard on the Street. The group discusses the final leg of Q4 earnings season with retail reports from the department stores and consumer electronics, and how home improvement retailers and home […]
The World’s Cobalt Supply Is In Jeopardy
Disney’s Black Panther is in theaters right now, breaking all kinds of box office records and wowing audiences. The film features a fictional, highly-advanced African country known as Wakanda, whose vast wealth and prosperity are derived almost exclusively from the mining of a rare, fantastical metal called vibranium. In its own colorful way, Black Panther does an excellent job […]
GBP/USD: Pound Unlikely To Receive A Boost From PM Speech On Friday
GBP/USD dropped as Fed Chair Jerome Powell hinted of raising the dot-plot to four hikes. The dollar went up and cable dropped. For the pound, the next big event is the speech by PM Theresa May on Friday. Can that lift the pound? Here is their view, courtesy of eFXnews: BTMU Research discusses GBP/USD outlook into Fridays’ […]
Market Reacts To Chairman Powell With Key Reversal
Video length: 00:09:34 New Fed Chairman Powell testifies in front of Congress for the first and the markets didn’t react well to what he had to say. Watch the video now to find out the types of trades you should be looking to place in a volatile market environment…
E Bond Vigilantes, Liberty Street Fed Collateral Study, And Art Cashin
Art Cashin clarified the limits of volatility, as his statement about the 3 percent barrier to 10-year bond yields caused yields to decline. I don’t know if the barrier is permanent and an accurate measure, or if breaking it a little bit would not cause chaos. But clearly, owners of stocks and bonds took Cashin seriously, and […]
GDX, Silver, And Novo
(Audio length 00:10:47) The Junior Miner Junky David Erfle shares his thoughts on some levels to watch for GDX during this pullback. We also discuss silver and a reason why he is more optimistic for this PM over gold. With the vast majority of metals stocks down today Novo closed up over 15%. You bet […]
WTI/RBOB Extend Losses After Crude Inventory Build
WTI/RBOB prices sank today (amid OPEC and IEA comments and a dollar spike) ahead of tonight’s inventory data. Following last week’s surprise draw, API reported a crude build this week (though smaller than expected) and along with another gasoline build, sent energy prices lower. API Crude +933k (+3mm exp) Cushing -1.277mm (-1.2mm exp) Gasoline +1.914mm Distillates -1.473mm […]
USDJPY – Back To 108.00?
In his first testimony in front of Congress, Jerome Powell handles himself with aplomb, proving to be able stewart of the US monetary policy while handling the often inane questions from politicians with admirable restraint. Although Mr. Powell offered no new insights into US monetary policy, he did state that he thought that the US […]
Fear The Terminator
The problem with prolonged stagnation is that the costs associated with it are not strictly economic in nature. There is, of course, the substantial loss in terms of opportunity cost or output that should have happened. But more than that, any society caught within the viselike grip of such malaise is a frail one subject […]
