Central Bank Chiefs And Currencies
The market is fickle. It has jumped from one candidate to another as the most likely Fed Chair. Until his belated and mild criticism of the President dealing with race issues, economic adviser Cohn was regarded as the most likely successor to Yellen at the head of the Fed. When Cohn fell out of favor, it […]
Gold: Textbook Pullback In Play
Gold’s recent rally from the $1268 area lows has stalled, and the reasons for that are both fundamental and technical. Double-click to enlarge this daily gold chart. Gold fell about $100 from the $1362 area highs as seasonally soft Chinese buying was accompanied by a collapse in Indian demand. That collapse was caused by the […]
Swing Trading Strategy – Tuesday, October 17
My Swing Trading Approach I’m looking to add some long exposure today, should the market show enough bullishness to support a move. Still maintaining the ability to get short quickly, should the opportunity arise. Indicators VIX – VIX spiked higher by 3.1%, but still trading below 10 currently. T2108 (% of stocks trading below their 40-day moving […]
Survey Highlights Department Store, Apparel Retailers’ Amazon Risk
This morning, Morgan Stanley analyst Kimberly Greenberger told investors that her firm’s latest apparel survey lends support to her belief that Amazon (AMZN) is quickly gaining traction at the expense of department stores and certain specialty retailers. This comes amid reports that Amazon has tapped some of the biggest athletic-apparel suppliers to make a foray […]
Buy Gold Now Before It Climbs 500%
I recently told readers of my Real Wealth Strategist newsletter: Now is the time to buy gold. I believe we are in the initial stages of a bull market that could see the price climb 500% or more from here. It happened in the past … and it is showing signs of repeating. The price […]
Shorts Piling Into Equifax (EFX)
What happens when a company entrusted with the personal information of US consumers gets hacked and exposes the names, addresses, Social Security numbers, birth dates, and even drivers license numbers of just about every American who has a credit report?Well, for starters, your stock price goes down, and that’s exactly what happened to the price of […]
EC Unemployment Is A Geography Lesson
According to the Bureau of Labor Statistics (BLS), the US economy is at full employment, or close to it. Yet it doesn’t feel that way for many Americans. Even if you have a secure job, you probably know people who don’t. On the other hand, many small-business owners and HR people complain that they have trouble finding […]
Dow Hits 23,000 – There’s Just One Thing
Just four weeks since The Dow crossed 22,000…but thanks to Goldman, Boeing, Caterpillar, 3M, and JPMorgan (accounting for over 500 Dow points), the mainstream media’s favorite index just topped 23,000 for the first time ever… With the Top 6 names driving 50% of the index’s move… However, it seems options traders ain’t buying it… If […]
The Fed Is Set To Trigger A Recession In December
The Federal Reserve’s job is easy to understand in some ways. It cuts interest rates when the economy slows. Making money cheaper should lead to economic growth. Then, when the Fed feels the economy is growing too fast, it raises rates. It keeps raising rates until it starts the next recession. And then the Fed […]
