Morning Call For Monday, Nov. 13
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.24%) this morning are down -0.15% on long liquidation spurred on by market doubts over the trajectory of U.S. tax reform. European stocks are down -0.37% at a 2-week low after Kepler Cheuvreux downgraded European equities to ‘Underweight’ from perspective of international allocation. Asian stocks settled mostly […]
OPEC Reports 151Kbpd Drop In October Crude Output; Raises Demand Forecast For 2018
True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production… … sharply raised its demand forecast for cartel oil in 2018, ahead of a key meeting of the group’s ministers later this month. According to OPEC’s monthly market report, the oil exporters […]
‘I Don’t Want To Use The Word Correction’: The Nikkei Is Cracking Folks
What started last Thursday with a harrowing afternoon plunge in Japanese equities has now morphed into a four-day rout, with the Nikkei diving 1.3% to start the week. You’ll recall that something snapped in the previously invincible Nikkei late last week when selling ahead of Friday’s futures and options settlements led to the largest intraday swing of 2017 […]
Internet Shutdowns Show Physical Gold Is Ultimate Protection
Internet shutdowns (116 in two years) show physical gold is ultimate protection Number of internet shutdowns increased in 2017 as 30 countries hit by shutdowns Democratic India experienced 54 internet shutdowns in last two years; Brazil 2 EU country Estonia, a technologically advanced nation, experienced a shutdown Gallup poll shows Americans more worried about cybercrime than […]
US Dollar Completes Bearish ABC Within Bullish Correction
The US Dollar seems to have completed 3 bearish waves within a larger bullish correction. One more higher high could occur on the USD after which divergence between the tops will most likely appear. This, in turn, could create a bearish reversal and send the EUR/USD back up. For the moment, however, EUR/USD and GBP/USD […]
Back From The Brink
Could an Earthquake along the Iraq and Iranian coast be a reason why Saudi Arabia and Iran did not get into it over the weekend. A devastating 7.3 earthquake hit a mountainous border region between the two countries killing at least 300 people and maybe more. This comes as tensions between Saudi Arabia and Iran […]
The Cycle Of Falling Interest, Gold And Silver Report
Over the past few weeks, we have looked at the effects of falling interest rates: falling discount applied to future cash flows (and hence rising stock and bond prices), and especially falling marginal productivity of debt (MPoD). Falling MPoD means that we get less and less GDP “juice” for each new dollar of borrowing “squeeze”. Last week, […]
OPEC Raises 2018 Demand Projection
The Organization of the Petroleum Exporting Countries, OPEC, raised its projected demand for next year on Monday. The organization said its next year demand projection has been increased by 400,000 barrels a day to 33.4 million barrel per day. While the so-called ‘call on OPEC’ was also revised up by 200,000 barrel per day for […]
Five Top-Ranked Stocks To Profit From Likely Earnings Beat
Investors are always alert during the earnings season. After all, this is the time when they decide on which stocks to pick and which one to throw out of their portfolios, based on a company’s earnings scorecard. Among various factors that investors normally take a look at while evaluating corporate earnings, a beat seems to […]
‘There’s Panic’: Bitcoin Plunge Sees $33 Billion Disappear Into Thin Air
When last we checked in on Bitcoin, it had plunged some $1,400 from the highs hit after SegWit2x called off the hard fork. Well, things have gotten worse since then – and materially so. Specifically, Bitcoin had fallen $2,300 from its Wednesday peak at one point on Sunday: That is a horrendous ~30% tumble and […]
