Political Football Or Sign Of Retiring Speculators?
A while back I wrote a piece on Big Brother Biotechnology (IBB). You will get to meet him next week on Facebook Live. On July 31st, Will Big Pharma Sedate the Market Rally? reminded you that leading medical research requires speculative funds, and if speculative funds are coming into the market, that helps round out the […]
BOC To Hit The Brakes? What Does It Mean For CAD?
The Canadian dollar is already on the back foot following the poor inflation numbers but struggles to conquer the high resistance level ahead of the BOC. Will USD/CAD jump on the decision? Here are two opinions suggesting that Poloz and co. will take a long break from hiking and this has implications for the C$. […]
Passive Should Never Laugh At Active
I have been meaning to write this post for quite some time. As an ex-ETF trader, I have watched with bemusement as investors have both embraced and shuddered at the wide adoption of ETFs. But most pundits are missing the larger picture. ETFs are just a symptom of the bigger phenomenon. The true battle lies […]
Quietest Market Since 1998
Drawdowns Of 10% Are Rare In Stocks & Bonds Even though the major indexes were all down on Monday, the S&P 500 still broke the record for the longest streak without a 3% correction. In searching for a volatility metric that the current streak hasn’t breached, I found the chart below. It shows the maximum monthly […]
The Coca-Cola Co 3Q 2017 Earnings Preview: Sales Decline Expected
The Coca-Cola Co (NYSE: KO) 3Q 2017 earnings are set for release on Wednesday before opening bell, and Wall Street is looking for 49 cents per share in earnings on $8.72 billion in sales. In the year-ago quarter, the beverage maker reported earnings of 49 cents per share on $10.63 billion in revenue. Couleur/Pixabay Coca-Cola 3Q […]
GBP/USD – Headed To 1.3000?
Cable feeble attempt at a rally failed miserably this week, and the pair appears to be headed to 1.3000 as markets finally begin to fear the impact of Brexit. With time starting to weigh and no serious progress on talks, the markets are beginning to fear that the prospect of a “hard Brexit” where UK […]
Treasury Yields – A Long-Term Perspective
Let’s have a look at a long-term perspective on Treasury yields as of today’s close. The chart below shows the 10-Year Constant Maturity yield since 1962 along with the Federal Funds Rate (FFR) and inflation. The range has been astonishing. The stagflation that set in after the 1973 Oil Embargo was finally ended after Paul […]
Japan Is Booming, Except It’s Not
Japan is hot, really hot. Stocks are up to level not seen since 1996 (Nikkei 225). Prime Minister Shinzo Abe called snap elections in Parliament to secure a supermajority and it worked. Things seem to be sparkling all over the place, with the arrow pointing up: “Hopes for a global economic recovery and US shares’ strength […]
Natural Gas Goes Nowhere
Prompt month natural gas prices had their smallest trading range today since September 22nd, as through the settle the November contract traded within just a 4.4 cent range. Prices still sit between the 30-DMA at $2.96 and overhead resistance around $3.02. Again today we saw the least selling near the front of the strip, where […]
Semiconductor ETFs Touch New Highs Ahead Of Q3 Earnings
Semiconductor stocks have been on a tear this year on improved overseas demand and innovative technologies. New areas such as autonomous cars, cloud computing, gaming, wearables, VR headsets, drones, virtual reality devices, Internet of Things (IoT) and artificial intelligence are fueling growth in the sector, offsetting struggling traditional businesses like PCs and smartphones. In particular, iShares […]
