World Markets Update – Monday, September 11
All eight indexes on our world watch list have posted gains for 2017 through September 11. The top performer thus far is Hong Kong’s Hang Seng with a gain of 27.07%, followed closely by India’s BSE SENSEX at 19.74%. In third is our own S&P 500 with 11.13%. The Last Four Weeks The tables below […]
The S&P Is Pushing Into New Highs
I was not too surprised that the hurricane was weaker than expected since we’ve all seen that many times before. But I definitely was not expecting a rally of this strength. The short-term uptrend has re-asserted itself. The SPX is pushing into new highs, so it seems time to switch the medium-term trend from down […]
Intersect ENT – Chart Of The Day
The Chart of the Day belongs to Intersect ENT (XENT). I found the medical instrument stock by using Barchart to sort today’s All Time High list first by the highest weighted Alpha, then again by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 8/3 the stock gained 11.00%. Intersect ENT, Inc. is a […]
E The Case For A Valuation Disclosure Requirement
The U.S. Securities and Exchange Commission can help investors protect themselves from overpriced stock deals if it requires valuation disclosure in offering documents. Briefly, valuation is the presumed price to buy a company, based on its stock price. When new shares are sold, savvy investors focus on the “pre-money valuation,” which is the number of […]
Some Effects On Inflation From Harvey And Irma
It has been a rough few weeks. First, Hurricane Harvey drenched Houston and south Texas with feet of rain, turning millions into temporary refugees and tens of thousands of them into longer-term refugees as 40,000 homes were destroyed along with a million automobiles. Then, Hurricane Irma battered Miami and Tampa Bay, which is a rare feat and […]
GBP/CHF To 1.27?
Sterling is trading strongly ahead of Thursday’s Bank of England meeting which suggests investors are positioning for optimism but before the BoE meets, we’ll have to get past a few key economic reports that will shape policy expectations. Although the central bank recently downgraded their inflation outlook a smaller decline in shop prices and faster […]
China: Where A Rising Currency Is Meant To Be Inflationary
As much as officials in Beijing may outwardly fight it, they are still in the “dollar” business. It’s not raw conjecture, either. Though we don’t know the specifics of their policy positions, in this context we don’t need to know them; it’s all right there on the central bank balance sheet. The most prominent thing […]
It’s Official: US Debt Finally Tops $20 Trillion, Jumps By $318 Billion In One Day
Following President Trump’s sign off last Friday on a short-term debt-ceiling/government funding/hurricane aid deal (thanks to Democrats’ votes), the US Treasury was finally freed from the shackles of the debt ceiling which it hit nearly one year ago and which meant that US federal debt would be at roughly $19.808 trillion for months. Well, no […]
Market Talk – Monday, September 11
With no missile test Saturday or new geopolitical news over the weekend, Asian stocks opened on a positive note. The Chinese central bank loosened some financial restrictions which also added to the positivity for both domestic and regional markets, combined to support all markets. The central bank move opens the market slightly, returning responsibility to […]
EC Russia Eyes New Sources Of Revenue Amid Low Oil Prices
Written by: George Friedman, Xander Snyder and Ekaterina Zolotova. Low global energy prices have been a strain on the finances of many oil producers, but they’ve hit Russia particularly hard. Oil and gas accounted for 43% of Russia’s government revenue in 2015 and this figure was expected to drop to 36% in 2016, according to […]
