Loonie Tunes: Closing The Book On A Short Gone Horribly Wrong
Last Friday, when the weekly CFTC data was released, we learned that in the week through July 11, specs had trimmed their CAD shorts by 30,375 contracts to just 9,581. You probably don’t care one way or another about the loonie, but that was notable – as in “big league” notable. Why? Simple: because it was just two […]
Fed Rattle Or Help The S&P 500? DAX In Danger, Nikkei Coiling
Fundamental Forecast for equity indices: Neutral S&P 500 Last week, was a relatively uneventful one with fundamental catalysts in short supply. This coming week we have the FOMC rate decision on Wednesday, but with expectations set that the Fed will keep rates steady attention will be on any language changes in the policy statement. Yellen has […]
US Equity And Economic Week In Review: Hey – It’s More Modest Growth
This was a light economic news week for the U.S. economy. The most important news came from the Conference Board, which released the latest LEI and CEI numbers on Thursday. On Wednesday, the Census Bureau released building permits and housing starts data. The markets saw modest advances on the back of solid earnings reports. Overall, […]
Don’t Be Confused By The Facts Or Why Neither The Data Nor The Fed Will Alter Market Trends
The data this week is expected to confirm what many investors have come to assume. The US economy accelerated in Q2. The eurozone economy is enjoying steady growth, but the momentum appears to be slowing. The UK economy was unable to recover much after a soft Q1. The Japanese economy is still not generating price pressures, […]
3 Bubbles Building In The U.S. Economy
Although the market indices have been hitting record highs, there are structural problems that continue to build in the United States economy that may severely impact customer spending and corporate earnings in the next several years. This article will outline three bubbles that are growing in the economy, along with a few potential ways to reduce your […]
Can The Euro Continue To Defy A Dovish ECB And Soft Data Flow?
Fundamental Forecast for the Euro: Neutral Euro soars as a dovish ECB struggles to beat back capital inflows Soft data outcomes, ominous rhetoric may break the bulls’ resolve Read our Q3 forecast to see what will drive the Euro longer-term The Euro’s relentless upward march would not be denied last week. Even a pointedly dovish ECB policy announcement failed to slow […]
Gold Garnering Power As The Buck Goes Sour
For those of you fond of the fortnight, Gold just finished its fourteenth of the year, with its third-best bi-weekly gain (+3.6%) of 2017; and this most recent week’s gain (+2.2%) ranks fourth of the 28 year-to-date, price settling Friday at 1255 … albeit that still lags where ’twas at this point a year ago […]
Is Gold The Tell?
Markets endured the chaos emanating from the White House, as Press Secretary Sean Spicer resigned and Trump threw Attorney General Jeff Sessions under the bus as the investigations by the FBI intensified. It was disclosed this week that Sessions, while under oath, was less than forthright about disclosing his conversations with the Russian ambassador to […]
Put TCW’s New Actively Managed Bond ETF On Your Watch List
I’ve always been a big fan of actively managed bond funds as a way for investors to access risk managed or alpha-generating strategies. Unlike active stock pickers, the best managers from the likes of PIMCO, DoubleLine, Guggenheim, and Loomis Sayles have proven track records of adding value for their investors versus a passive benchmark. Fixed-income […]
