Gold Extends Losses After Fed Minutes
Gold prices fell $4.48 an ounce on Wednesday, ending an eight-day streak of gains, as a rebound in the dollar and the market’s inability to penetrate the $1321 level prompted investors to book profits from a recent rally to a 16-week high. Strong gains in equities also sapped demand for the metal. European and Asian […]
2018 Tax Planning: How Tax Reform Impacts You
The new tax act, which was signed into law by President Trump on December 22, is the most comprehensive reform of the U.S. tax code in more than 30 years. The passage of the tax reform act will have a significant impact on the tax strategies of many Americans in 2018 and beyond. Here are […]
USD/CAD Daily Analysis – Thursday, January 4
USD/CAD broke above the bearish trend line on the 4-hour chart, suggesting that consolidation for the downtrend from 1.2920 is underway. Range trading between 1.2499 and 1.2600 would likely be seen in a couple of days. As long as 1.2600 resistance holds, the downtrend could be expected to resume and another fall towards 1.2400 is […]
UK Services PMI Rises To 54.2 – GBP/USD Unimpressed
The British services sector is growing at a slightly stronger pace: a score of 54.2 points. It is marginally higher than expected. A separate release showed that mortgage approvals also beat with 65,139 while M4 Money Supply missed by rising only 0.1%. Net lending to individuals met expectations with 4.9 points. Pound/dollar is not really impressed, […]
The Chartology Of The CDNX
I would like to start out by looking at the $CDNX, Canadian Venture Composite Index, which blasted higher last week and is following through this week. The reason this index is so important is because it not only has many junior precious metals stocks but also many small-cap energy related stocks as well as other speculative venture […]
Managing Success: How Do Active Mangers Handle Increasing AUM?
In our previous blog post, we noted that active managers demonstrated the potential to generate strong performance, even with large AUM, across several equity and fixed income strategies and regions. Such an observation may be surprising given our early research on the “Perils of Success,” our continued preference for lower AUM managers and University of California […]
Should You Pay Off The Mortgage?
I’m frequently asked about paying off a home mortgage. I tell everyone, “It depends!”. I asked that same question. A friend said his CPA was emphatic that one should not pay off their mortgage. He arranged a meeting where the three of us could talk. The CPA asked about the interest rate; 6% at the […]
Stocks To Trade: OLED, DXC, LYV
Thursday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Universal Display (OLED) Long DXC Technology (DXC) Short Live Nation Entertainment (LYV)
Petro-Yuan Looms – How China Will Shake Up The Oil Futures Market
The “huge story”, as Graticule’s Adam Levinson called it, will, it appears, be a “wake up call” for the West that seems to happily be ignoring this potential bombshell that is China’s looming launch of domestic oil futures trading. as Graticule’s Adam Levinson called it, that besides serving as a hedging tool for Chinese companies, the contract will aid a broader Chinese […]
Market Remains Overvalued – January 2018
Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of […]
