Speculators Switch To Net Long Canadian Dollar Futures
Since the beginning of May the Canadian dollar has been the strongest of the major currencies. However, until the most recent CFTC reporting week ending July 18, speculators in the futures market were net short. The persistent buying has seen the speculative gross long position rise to 60k contracts (adding nearly 14k contracts during the latest […]
Gold Prices Extend Gains As USD Plunges- All Eyes On FOMC
Fundamental Forecast for Gold: Bullish Gold prices rebounded for a second consecutive week with the precious metal surging 2.06% to trade at 1253 ahead of the New York close on Friday. The advance marks the largest weekly gain since May and has been supported by continued weakness in the greenback with the DXY down more than […]
No More “Cash On The Sidelines”: Private Client Cash Levels Drop To Record Low
One can finally put all references to “cash on the sidelines” in the trash can, not only for purely logistical reasons (when someone buys a stock, the seller ends up with the cash), but also from a purely cash allocation basis. According to the latest BofA flow show report, Michael Hartnett writes that as of […]
Tech Earnings Are Great
Tech Isn’t A Bubble I have made it clear that the current stock market isn’t like the technology bubble of the 1990s. The biggest reason is because technology stocks aren’t overvalued compared to their earnings. The most misleading chart that bears show is the chart of the Nasdaq which makes it look like we are […]
Analyzing The Bull Market Thesis – Saturday, July 21
Review & Update Analyzing The Bull Market Thesis Sector & Market Analysis 401k Plan Manager Stocks Rise Following Breakout In last week’s missive “Bulls Run On Yellen’s Easy Money,” I addressed the breakout and why we increased equity exposure modestly in portfolios. “However, this changed this past week as Yellen uttered the two magic words: ‘EASY MONEY.’ Okay, it […]
Week In Review: C-Bridge Raises $400 Million For Second China Healthcare Fund
Deals and Financings C-Bridge Capital, a China private equity firm with a life science focus, closed its second fund, C-Bridge Healthcare Fund II, at its $400 million cap (see story). C-Bridge plans to invest in late-stage companies in the fields of bio-technology, pharmaceuticals, medical devices and health care, particularly those with cross-border ambitions. C-Bridge is active […]
Weekly Trading Forecast: Are Markets Underestimating Fed Resolve?
Financial markets have been defined by fading Fed rate hike bets in recent weeks. An FOMC rate decision and second-quarter US GDP data now threaten that narrative. Euro Forecast: Can the Euro Continue to Defy a Dovish ECB and Soft Data Flow? The Euro faces a telltale period ahead as the bulls’ defiance of a dovish ECB is […]
The Winning Way To Set Trading Goals
In life, if you really want to achieve something — set a goal. Most people start out the New Year by resolving to lose weight or get in shape and fail miserably at those tasks. If on the other hand, everyone resolved to lose just 5 pounds or to walk briskly for 20 minutes twice […]
Week In Review: Stocks Mixed As Earnings Season Begins
The broader indices ended mixed while small cap stocks tried to breakout last week as earnings season officially began. Just to recap the first full week of earnings, the data is mixed. So far, nearly all of the big banks reported earnings, and nearly all of them, except for Morgan Stanley, fell on the day […]
The Longer-Term Trend – Saturday, July 22
In this week’s column by Mike Burk, he mentions that the trend in new 52-week highs is not confirming the new highs in the major stock market indexes. Reading between the lines, I think he is suggesting that there is a limit to how high the stock market can go without new 52-week highs for […]
