The Davos Crowd Is Predicting We’ll Clean Up With These Picks
The International Monetary Fund (IMF) today boosted its forecast for global growth for both this year and next – telling folks at the World Economic Forum in Davos, Switzerland, that the world economy would zoom along at a hefty 3.9% pace for the next 24 months. But it also warned that the next recession “may […]
Trade Profile: The U.S. Struggles To Break Its Fetters
Global trade is changing. The kinds of multilateral agreements that characterized the postwar years have stalled over the past two decades, prompting countries and economic blocs to try to negotiate smaller deals with fewer partners. Nations and blocs have more leeway under this new model to negotiate the trade agreements that best suit their interests […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, Jan 24
WTI Crude Oil The WTI Crude Oil market has been slightly positive during the trading session on Tuesday, as we continue to grind towards the $65 handle. That’s an area that has a certain amount of psychological resistance, but I think we could break above there. Once we do, the market should go to the […]
Silver Attempting 7-Year Breakout; Hi Yo Silver Time?
Silver and Silver ETF (SLV) has NOT been a good asset to buy & hold since the 2011 highs, as they have declined around 66% in the past 7-years. Could the long-term trend downtrend in Silver be about to end? Below looks at Silver Futures over the past 8-years: Over the past 3-years Silver has created a series of flat bottoms […]
General Electric Company Earnings Miss, Outlook Sends GE Stock Soaring
General Electric Company (NYSE: GE) released its Q4 earnings results before opening bell this morning. General Electric earnings came in at 27 cents per share on an adjusted basis on $31.4 billion in revenue. Analysts had been looking for earnings of 29 cents per share on $34 billion in revenue. In the year-ago quarter, GE […]
Bitcoin And VIX Correlation Has Increased ‘Dramatically’: The ‘New Frontier Of Risk-Taking’
As Bitcoin skyrocketed last year, the crypto crowd (as well as a sizable contingent of otherwise sane people) bent over backwards to try and explain how Bitcoin is akin to gold. And you know, if you’re going to go out and try to compare Bitcoin to gold, I guess it makes sense to approach it […]
Oil To $80
More folks are joining the call for $80 a barrel of oil in the new year, a level I had previously predicted would happen, assuming OPEC and Non-OPEC would keep their production cuts in place. Now with news coming out of the World Economic Forum, in Davos Switzerland, there is a lot of things happening […]
A Market Valuation That Defies Comparison
Comparing current equity valuations to prior valuation peaks such as those of 2008, 1999 or any other period is commonplace, but remains an essential way of assessing current market prospects and potential risks. Currently, seven of the eight traditional valuation techniques shown by Goldman Sachs below are in the upper strata of recent history. The […]
Sensex Finishes On A Flat Note; Idea Plunges 5% On Weak Q3 Performance
Indian share markets finished on a flat note after a five-session record-setting spree as profit booking was witnessed in metal stocks, capital goods stocks, consumer durables stocks, and power stocks ahead of January month expiry in the derivatives segment At the closing bell, the BSE Sensex closed higher by 22 points and the NSE Nifty finished higher by 3 points. The S&P BSE Mid Cap finished down […]
Global Fixed Income: Putting A Bow On 2017
One month into the New Year and we’ve already seen some interesting—some might even say unexpected—developments in the bond market. Before we get too far into 2018, I thought it would be a useful exercise to offer a final review of how the major fixed income asset classes fared for 2017, in a sense providing […]
