Long-Term Trends In Employment By Age Group – Tuesday, Nov. 7
The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military and or committed to an institution). The result is the participation rate expressed as […]
This Week’s ETF Launches: Momentum Factor ETFs Galore
Momentum factor investing has been the undisputed winner of 2017, more than doubling the returns of the value, size and quality factors. Attempting to strike while the iron’s hot, several new momentum-based funds hit the market this week including the first set of ETFs from financial services giant USAA. Here are this week’s new fund launches: […]
Rising Debt Spells ‘Warning!’ For This Bull Market
Part of me feels great having had predicted this summer that oil prices, then in the mid-$40 a barrel range, were due to rise in a big way. But there’s something to look out for while we watch oil break out toward $60 and perhaps higher. We may reap the windfall now, but the rise in […]
Tailing 3Y Auction Prices At Highest Yield Since April 2010
In the first of this week’s three auctions, the Treasury sold $24 billion in 3 Year paper in a medicore, tailing auction, which stopped at 1.75%, a 0.2bps tail to the 1.748% when issued, and the highest yield since 1.776% in April 2010. In addition to the tail, the internals were also mediocre, with the […]
Q3 Earnings Growth Expected To Be 5.9% (Up From 4.4% Last Week)
Earnings Season Forever Changed By Regulation FD Earnings season is mostly done, so it’s fair to say this was a great reporting period. Usually I only have the stats on the percentage of firms beating estimates in the past 4 years. The chart below gives us more data to look at to further contextualize the […]
Are Consistent Economic Gains Now Starting To Catch-Up To Stock Market Gains?
Before providing our current perspective on the markets and the economy, we believe that it would first be helpful to consider the following recent economic data releases, as reported on MarketWatch, from across the globe: • The U.S. economy has now experienced two consecutive quarters of 3% gross domestic product (GDP) growth with a reported […]
Forex Metrics And Chart Week 44 / 2017
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the GBP(4X) followed by the USD(3X) and the EUR(2X). The weaker currencies are the NZD(4X) followed by the CHF(3X) and the AUD(2X). By diversifying a nice combination can be traded in the coming week like […]
Is EUR/USD Set To Fall Towards 1.15?
EUR/USD suffered a relatively dovish Draghi as well as speculation about a hawkish head of the Fed. Does the pair have more room to fall? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: Looking To Set Strategic Longs Near 1.15 On A Deeper Correction – SocGen Societe Generale Cross Asset Strategy Research argues that […]
EUR/USD Bearish, Vulnerable But With Caution
EUR/USD: With the pair selling off the past week, more weakness is likely. Resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the […]
Weekly Forex Forecast – Sunday, October 29
USD/JPY The US dollar was very volatile during the week, reaching towards the 114.50 level before pulling back on Friday. Ultimately, this is a market that I think has a significant amount of resistance above, extending towards the 115 handle. It is not until we break above the 115 handle that I feel the market […]
