Forex Week In Review – Monday, January 15
Last week was a mixed affair for the world’s major stock markets with the Dax and Nikkei slipping back. In Europe over the course of the week, the FTSE was up on last week’s close by 0. 7% at 7778.6; the Dax ended at 13245, 0.56% down on last week’s close; the CAC was up […]
Technical Market Report – Monday, January 15
The good news is: All of the major averages closed at all time highs last Friday. The Negatives The market is overbought. NYSE 52 week new lows have picked up a bit. The increase appears to be from interest rate sensitive issues. Last Wednesday was widely reported as the 1st down day of the year […]
The Bear’s Lair: Neither A Borrower Nor A Lender Be
According to a Fed report this week, U.S. consumer credit increased $28 billion in November, the largest rise in 16 years, with credit card debt rising at annual rate of 13.3%. This is of course a sign of consumer confidence, another sign that President Trump’s administration has revolutionized the U.S. economic outlook. However, it is […]
HH Singapore Real Estate Comeback?
It’s one of the greatest transformations the world has ever seen… In 1965, the small island nation of Singapore was in bad shape. It had few natural resources, double-digit unemployment, and an uneducated population. At just 275 square miles (a third the size of Greater London and four-fifths the size of the U.S. city of […]
S&P 500 Index To Reach 3000?
We think that stocks in the US market will be fully valued when the S&P 500 Index hits the 3000 mark by the end of this decade. Here’s why. A classic value method is to observe and estimate the equity risk premium (ERP). This method compares the earnings yield (earnings divided by price) to the […]
It’s Over: The Hang Seng’s Record-Breaking Run Snapped On Monday
It’s over. Headed into Monday, the Hang Seng had risen for 14 consecutive sessions, the longest string of wins since it was launched in 1969. And it looked like we were going to make it to 15. But alas, it wasn’t meant to be. After rising 1% early, the benchmark erased gains abruptly on the […]
Brent Crude Briefly Breaks $70
Brent crude oil prices broke briefly above $70 per barrel on Monday, buoyed by continued production cuts by Russia and OPEC, and despite increased production by the United States and Canada. Last week Canadian energy firms doubled the number of rigs to 185, the highest level in 10 months. The U.S. also added 10 rigs […]
Goldcorp Upgraded To Outperform From Neutral At Credit Suisse
Credit Suisse analyst Anita Soni upgraded Goldcorp to Outperform and raised her price target for the shares to $19 from $15.50. The shares closed Friday up 45c, or 3%, to $14.35. Soni sees Goldcorp posting “attractive” growth over the next two years and believes its analyst day on January 16 will serve as a […]
Dollar Tumbles As Euro Soars To 3-Year High; US Markets Closed
With US markets closed for holiday, it has been a quiet, low-liquidity European session, with Asia similarly subdued, while continued USD weakness, now in its 4th consecutive day, has been the main focus as Bloomberg’s dollar index approached its lowest level in three years, helping push the euro up to its strongest since 2014. Indeed, […]
The Fascinating Psychology Of Blowoff Tops
Central banks have guaranteed a bubble collapse is the only possible output of the system they’ve created. The psychology of blowoff tops in asset bubbles is fascinating: let’s start with the first requirement of a move qualifying as a blowoff top, which is the vast majority of participants deny the move is a blowoff top. Exhibit 1: […]
