Gold Markets Rallying Toward $1260
Gold markets have been very choppy and volatile as of late, and of course the Wednesday session was always going to be interesting as the FOMC released an interest rate announcement and of course statement. Now that we have had that, and it has been a bit dovish, the gold markets turned around and rallied […]
Stocks Watchlist: CRM, VEEV, GS
Today’s stock picks Long Salesforce (CRM) Long Veeva Systems (VEEV) Short Goldman Sachs (GS)
US Dollar Continues Downtrend After Fed Leaves Rates Unchanged
EUR/USD 4 hour As expected the Federal Reserve (Fed) left the interest rates unchanged for the US, which caused the US Dollar to weaken against multiple currencies, including the Euro. Prior to the FOMC statement in the US, the EUR/USD retraced back to the 23.6% Fibonacci level of wave 4 vs 3 but price bounced […]
Trading The US Q2 2017 GDP With EUR/USD
The “new normal” of economic growth has been around 2-2.5%. In 2016, overall GDP growth stood at 1.6%. Economic activity decelerated in the first quarter of 2015 to 1.4% annualized. The euro-zone has surpassed the US in growth. Everybody is expecting a pickup in the second quarter, to around 2.5% annualized, but there are reasons […]
Dr.Copper’s False Hope – “We’ve Seen All This Before, Too Many Times”
Copper prices surged to the highest levels since May 2015 in the last few days, prompting the ubiquitous “must mean the economy is doing well” narrative from every hope-fuelled reflationist. There’s just one problem, we’ve seen all this before too many times. The most recent spike in copper prices has been explained by the news that China may ban imports […]
The Toxic Fruit Of Financialization: Risk Is For Those At The Bottom
One of the most pernicious consequences of financialization is the shifting of risk from the top of the wealth-power pyramid to the bottom: those who benefit the most from financialization’s leveraged, speculative credit bubbles protect themselves from losses while those at the bottom of the pyramid (the bottom 99.5%) face the full fury of financialization’s formidable […]
Three Big Names To Keep An Eye On
Intel Corporation (INTC): Information Technology – Semiconductors | Reports July 27th, AMC. The Estimize consensus calls for EPS of $.69, one cent higher than the Wall Street consensus and an increase of 15% YoY. Currently, the Estimize community is looking for sales of $14.46B, which is roughly inline with the Street ($14.41B). Check out the […]
Stanley Black & Decker : 140 Consecutive Years Of Dividend Payments And Powerful Brands
Stanley Black & Decker (SWK) has paid dividends for 140 consecutive years and increased its payout for the past 49 consecutive years. Next year, Stanley Black & Decker will join the exclusive dividend kings list, which consists of companies that have raised their dividend for at least 50 straight years. These businesses are rare and typically […]
Inflation Is Not About Consumer Prices
I suspect President Trump has been told that markets don’t like radical changes. If there is one thing that any elected official is afraid of, it’s the internet flooded with reports of grave financial instability. We need only go back a year to find otherwise confident authorities suddenly reassessing their whole outlook. On the campaign […]
