Homebuilders ETF Poised To Make A New All-Time High
The Homebuilders ETF (XHB) is poised to make a new all-time high as it faces its peak set just before the 2007/08 financial crisis struck, as shown on the monthly chart below. There are two interesting things I notice on this chart. The volume moving average has been steadily declining since September of 2013 as the momentum […]
The Davos Warnings
Since the beginning of the year, the acceleration in the markets has continued unabated. As I showed yesterday, the acceleration in the S&P 500 has now gone parabolic. Of course, market melt-ups are symbolic of the final phases of “capitulation” as investors who feel like they “missed the boat,” finally jump back on board. Such can be confirmed by the numerous […]
Q4 Real GDP Per Capita: 1.79% Versus The 2.55% Headline Real GDP
The Advance Estimate for Q4 GDP came in at 2.6% (2.55% to two decimals), down from 3.2% in Q3. With a per-capita adjustment, the headline number is lower at 1.79% to two decimal points. Here is a chart of real GDP per capita growth since 1960. For this analysis, we’ve chained in today’s dollar for […]
December Durable Goods
Durable and capital goods orders and shipments all increased in December by growth rates consistent with those registered in the months leading up to the big storms Harvey and Irma. We continue to find evidence that accelerated growth in October and November was nothing more than the anticipated after-effects cleaning up after those hurricanes. New […]
ETF Strategies For Skyrocketing Markets
The financial world is seeing its hottest streak with the best start in many years, fueled by skyrocketing U.S. markets. The surge came despite global trade fears, political instability in Washington and geopolitical tensions. The euphoria surrounding the new U.S. tax legislation, robust corporate earnings and optimism on global growth are acting as the key […]
Brazil Stock Market Hugely Bullish In 2018
Why would anyone be concerned about the stock market in Brazil? It is not a leading stock market, it is not a leading economy in the world … so why bother? Very simple, says InvestingHaven’s research team, Brazil is part of the emerging stock markets that will outperform global stock markets, and Brazil has a […]
Australian Dollar Could Give Ground If US Data Prompts Rethink
Australian Dollar Fundamental Forecast: Bearish The Australian Dollar has been a prisoner of US Dollar commentary from the Trump Administration Much of what Treasury Secretary Mnuchin gave to Aussie bulls has been taken away by President Trump Assuming the rhetoric fades, data will drive this week, which could help the US Dollar. The Australian Dollar ended last week rather […]
Can The Market Get More Dollar Negative?
The US dollar’s technical tone remains poor and market psychology is nearly universally hostile toward it. Many believe that US Administration is hostile to the international order and rule of law that previous American administrations constructed and advanced. The de-weaponization of the foreign exchange market one of the hallmarks over the past couple of decades may also […]
As The Rally Steams Ahead, How Worried Should You Be About NAFTA And Trade Wars?
It’s time for Goldman to go ahead an update the old (and now the “new”) “trading days without a 5% S&P correction” chart. As noted earlier this week, we broke a record on that score amid the best start to a calendar year since 1987. Here’s the updated version: Relative to realized vol., we just witnessed […]
Global Financial Markets Continue To Rally
Global stock markets rose on the final trading day, recouping losses from earlier in the week, as the dollar steadied against other currencies. Major indexes in the US hit session highs, finishing the day squarely in record territory and booking a fourth straight weekly advance. A reading of fourth-quarter gross domestic product came in slightly […]
