What Could Pop The Everything Bubble?
As central bank policies are increasingly fingered by the mainstream as the source of soaring wealth-income inequality, policies supporting credit/asset bubbles will either be limited or cut off, and at that point all the credit/asset bubbles will pop. I’ve long held that if a problem can be solved by creating $1 trillion out of thin […]
Longer-Term Outlook, Saturday
It is a good sign for the stock market when Regional Banks are participating in the advance because it indicates rates are rising due to some strength in the economy. So how do we interpret this chart below that shows the Regionals trending sideways all year? First, I would say they got ahead of themselves […]
Global Markets Remain Upbeat
Global markets continued to remain buoyant in the week gone by. The US markets ended higher by 0.6% on the back of a tech rally fueled by strong quarterly performance by IT heavyweights such as Amazon, Microsoft, Alphabet and Intel. Even the U.S. dollar rallied backed by a brightening outlook for tax cuts, better-than-expected third […]
ECB Tapers QE Exactly The Amount Expected
On Thursday the ECB released its plan for QE for 2018. It was exactly as expected as the bond buying was cut in half to 30 billion euros per month for 9 months and then lowered to nothing over the next three months. Draghi made some missteps this year with the way he handled guidance, […]
Industrials ETFs In Focus On Q3 Earnings
The earnings season is off to a flying start with equity markets scaling record highs, owing to a slew of upbeat economic data, strong corporate performance and President Donald Trump’s tax reform proposal. However, the performance has been a mixed bag for industrials companies, with some beating market expectations, while a few failed to do […]
GBP/USD Forecast Oct. 30 – Nov. 3 2017
GBP/USD struggled once again due to hardships in Brexit negotiations but enjoyed an upbeat GDP figure. What’s next? The Bank of England’s Super Thursday is clearly the big event of the week, but also the PMIs could shake the pound. Here are the key events and an updated technical analysis for GBP/USD. The British economy grew by […]
Did One Of Schlumberger’s Cylinders Misfire?
The oil market never ceases to surprise. When oil was gushing in 2014 and then prices suddenly turned to the downside after the Fed began unwinding quantitative easing. When oil services firms seemed like they were on the ropes in 2016, suddenly prices spiked to give them new life. OPEC followed through on promised supply […]
Australian Dollar Pressured But May Have Suffered Enough
Australian Dollar Fundamental Forecast: Bullish Weak consumer price inflation pulled the rug out from under the Australian Dollar last week The overall backdrop for the currency remains a bit gloomy But there’s some chance that the coming week’s data could perk it up Just getting started in the AUD/USD trading world? Our beginners’ guide is here to help The Australian Dollar […]
