Still Hakuna Matata?
If “missing” inflation is the bane of central bankers’ existence in the post-crisis world, it’s simultaneously the best thing that ever happened to risk assets. Investors are starting to figure out that the best of all possible worlds these days is decent or even robust incoming growth data against a backdrop of still subdued inflation. […]
E Market Briefing For Monday, Sept. 11
Capital market bubbles superficially seem relieved by the series of great challenges, tragedies, and natural disasters swirling around but this may be a sort of temporary palliative. Clearly as the measure of Hurricane Irma gets a bit clearer, there should be little doubt that, besides being a ‘budget buster’ of course, it also portends stresses […]
Financial ETF Still Churning After Failed Breakout
I last wrote about the Financial ETF (XLF) on July 11th. Since then, it failed to sustain a brief breakout above the 25.00 major resistance level, as shown on the following Monthly chart. Price is sitting at the bottom of the upper quarter of a long-term uptrending channel…a segment that it hasn’t typically remained in for very long, or ventured above, since […]
CAD Rally: Too Much, Too Soon?
Talking Points: USD/CAD falls to lows seen in May 2015 on Rate Hike Further hikes are being mooted but will the BoC wait? USD weakness is exacerbating the move. Fundamental Forecast for CAD: Neutral We remain neutral on CAD although any further sharp upward moves may open the opportunity to sell CAD against the USD for a short-term reversal. […]
E SPX Consolidates Above Short-term Support.
VIX had an inside week, but closed above Long-term support at 11.37. It is on a weekly buy signal with further confirmation above weekly mid-Cycle resistance at 14.93and the Ending Diagonal trendline near 15.00. Could the initial foray in August have broken the trendline already? (BusinessInsider) The New York Times’ DealBook had a great piece of […]
We’re Just Trying To Feed Our Families” – Equifax Hackers Demand $2.6 Million Ransom In Bitcoin
Two days after credit-monitoring company Equifax revealed that, because of its staggering negligence, hackers had managed to penetrate the company’s meager cybersecurity defenses and abscond with up to 143 million social security numbers and a trove of other personal data – including names, addresses, driver’s license data, birth dates and credit-card numbers – the cyberthieves […]
IBM Stock Has Dropped 20%. Is It A Play For Value Investors?
IBM (NYSE: IBM) stock used to be the darling of Wall Street. For most of our grandparents and even some of our parents, IBM was a staple stock in their portfolio. You could always count on Big Blue to grow revenues, grow its stock price, and pay out a healthy dividend. But times have changed. Thanks […]
North Korea Nuclear Test: Did The Markets Notice?
In this week’s edition of Market Week in Review, Rob Cittadini, regional director, consultant relations, interviewed Mark Eibel, director, client investment strategies, on the latest round of geopolitical news and its impact on financial markets. North Korea testing, U.S. debt ceiling extension move markets North Korea’s announcement of another nuclear test over the U.S. Labor […]
Signs, Signs, Everywhere A Sign
Last week, I noted: “I have a sneaky suspicion that when I update the Fed Balance Sheet reinvestment analysis next week, shown below, we are going to find a substantial, well-timed, reinvestment by the Central Bank. Wanna bet?” Well, here is the updated chart of the 4-week net change to the Fed’s balance sheet. As […]
