Chinese Treasury Holdings Slide To Lowest Since July
In the aftermath of Bloomberg’s report from last week that China may slow down or reverse its Treasury purchases should the US trigger trade war with Beijing, pundits were closely watching today’s TIC report from the Treasury to see what China did November. And according to the just-released Treasury International Capital data for the month […]
The S&P 500 Taps This Team To Win The Super Bowl
Super Bowl Sunday is just weeks away. Right after the big game, you’ll read about the Super Bowl indicator. This indicator predicts the stock market’s trend for the rest of 2018. The Super Bowl seems irrelevant to the stock market. But before you decide to ignore this indicator, you need to know there’s a reason […]
Industrial Production Jumps On Utilities (Cold Weather) And Mining
Industrial production rose a seemingly solid 0.9 percent in December until one looks at the details. Industrial Production rose 0.9% in December topping the Econoday high estimate of 0.8%. The consensus estimate was 0.4%. The good news pretty much stops there. Revisions took the November reading down from a reported 0.2% to -0.1%. Another surge in mining […]
Unbelievable ETFs & Stocks On Sale
The euphoria surrounding the new tax legislation is pushing Wall Street to new heights this year. After hitting 2,700 on the second trading session of the New Year, the S&P 500 breached another milestone of 2,800, for the first time. Moreover, the Dow Jones also crossed the 26,000 mark, easily setting the record for the […]
2018 Earnings Estimates Improve The Most Since 1996
Earnings Estimates Improve The Most In At Least 21 Years If you’re bullish on stocks because earnings are strong, you are sitting in the catbird’s seat because the estimates have been expanding at an unusual pace. As you can see from the chart below, the 2018 full year estimate has increased since December when the […]
Deutsche Bank Struggles Near Major Resistance
Deutsche Bank (DB) has never recovered from its meteoric plunge during the 2007/08 financial crisis. It’s currently facing major resistance at the confluence of price and the upper edge of a long-term downtrending channel, as shown on the monthly chart below. It’s critical for price to break through, and hold above, 20.00…otherwise, its future is in question. And, this […]
Bitcoin Typically Crashes Mid-January
This is the 4th year in a row that Bitcoin crashes mid-January. So far, in the last 3 years (since 2015), by January 15th Bitcoin had bottomed. Will 2018 be the same? This is our answer to this question: Bitcoin, as well as most other top cryptocurrencies (Ethereum, Ripple, Litecoin), is hitting major resistance. There […]
North Korean hackers behind South Korean cryptocurrency attacks, say researchers
US-based researchers have established a link between a recent hacking operation targeting South Korean cryptocurrency holders and a Pyongyang-based hacker group. The hacker group, known as Lazarus, is the same outfit thought to have carried out the WannaCry attack and the high-profile assault against Sony Pictures Entertainment. Lazarus is believed to be at the heart […]
NAHB Housing Market Index: “Builder Confidence Remains Strong As New Year Starts”
The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index, which means that a reading above 50 indicates a favorable outlook on home sales; below 50 indicates a negative outlook. The latest […]
