Market Talk – Thursday, October 12
Mario Draghi, declared the intentions of the ECB were to keep rates low, well after the bond-buying program has ended. Draghi stated this was important to keep borrowing costs at bay and promote solid growth within the Eurozone. The EUR/USD rate, is still in the 1.18 region losing 20bps today. The big ECB rate decision […]
Bitcoin Rips, Banks Dip As Fed Crushes Yield Curve To 10-Year Flats
The yield curve collapse means nothing… Don’t sweat it… Video length: 00:00:20 While Trannies ripped higher, the rest of the equity market hummed along the unchanged line in a narrow range… (NOTE the weakness toward the end of the day which seems to have been catalkyzed by reports that Trump met with John Taylor re: […]
What Would You Do With The Opportunity?
Above looks at an asset over the past 20-years. Over the past few years, a bullish ascending triangle looks to have formed. Two-thirds of the time, this pattern breaks to the upside. If an upside breakout takes place, the measured move suggests that the asset could rally over 30%.
Natural Gas Shakes Off A Large Storage Injection
At 10:30 AM EDT the Energy Information Administration announced that last week we injected 87 bcf of natural gas into storage, coming in slightly above our 85 bcf injection forecast and above most other analysts who were clustered a bit lower. This indicates some week-over-week loosening in the natural gas market. Yet natural gas prices seemed to […]
Rail Week Ending October 2017: Finally A Good Week
Week 40 of 2017 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors are now back into expansion. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from […]
John Taylor Surges In The Fed Chair Betting Market
Global Monetary Policy The chart below is unique because it shows 9 central banks, giving a more complete picture of the liquidity being added to the financial system. As you can see in the description, this includes the expectation that the ECB will taper to 30 billion euros per month for 9 months and then […]
Genesis Energy: A Hold After Today’s Dividend Cut
The 8 Rules of Dividend Investing recommends selling a security whenever a dividend cut occurs. A dividend cut indicates one of two worrisome characteristics: A company is unable to continue paying its current dividend A company is unwilling to continue paying its current dividend In either case, investors have reason to avoid stocks that cut their dividends. Earlier today, Genesis […]
Crypto-corns
The price of bitcoin surged over 8% today and in the process smashed right through the $5,000 level as well as the prior highs from September 1st. Where this run ends is anyone’s guess, but trying to call the top in the past has been like stepping between a politician and a microphone/ With […]
Earthquake Detected In North Korea; ‘Tremors’ Detected In USD/JPY
Ok, here we go. Just moments ago we got fresh headlines out of North Korea where a 2.9 magnitude earthquake was detected in an area where previous nuclear tests have been carried out. Here’s the official word from USGS: This event occurred in the area of the previous North Korean Nuclear tests. The event has earthquake like […]
MercadoLibre Drops After Report Of Pending Amazon Entry To Brazil
After Brazilian newspaper Valor Economico reported Amazon (AMZN) may make its long-awaited launch into the Brazilian e-commerce market within the week, shares of MercadoLibre (MELI) are sliding in early trading. Goldman Sachs analyst Irma Sgarz said a successful launch by the e-commerce giant could negatively impact the market share and gross merchandise volume growth of […]
