What Investors (And Their Advisors) Can Learn From Monty Hall
The recent death of Monty Hall, host of “Let’s Make a Deal,” is a reminder of a famous logic problem. The Chicago Tribune’s Eric Zorn has a nice article trying for “an airtight explanation of the solution that will forever put an end to the controversy surrounding the poser that bears his name”. Here is his description […]
Morning Call For Thursday, Oct. 12
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.21%) this morning are down -0.15% and European stocks are down -0.19% as weakness in crude oil prices drags energy stocks lower. Nov WTI crude oil (CLX17 -1.54%) is down -1.54% after API data late Wednesday showed that U.S. crude stockpiles rose +3.1 million bbl last week. […]
USD/JPY And AUD/USD Forecast – Thursday, Oct. 12
USD/JPY The US dollar had a volatile session as one would anticipate on Wednesday, with the FOMC Meeting Minutes coming out. Because of this, we tested the 112 level, which continues to be supportive. Looking at the last several candles, I see a couple of hammers, and of course a couple of shooting stars. This […]
GBP/USD Falls As Brexit Talks Hit A Deadlock
The bounce that the pound enjoyed was never meant to last. There was a temporary breather and now GBP/USD is plunging once again. Chief EU negotiator Barnier says that the negotiations about the UK’s exit from the EU have reached a deadlock over Britain’s divorce deal. While May’s Florence speech provided some momentum, the lack of clarity on the […]
Euro-Area Industrial Production Rises In August
Euro-area industrial production rose to the highest in nine months in August following the surge in demand for capital goods. According to Eurostat, industrial production increased by 1.4 percent in August and 3.8 percent from a year ago. The highest increase since November 2016. While this is better than the 0.5 percent and 2.6 percent […]
World Stock Indexes Have More Upside On The Way
The Hang Seng Stock Index is a free float, adjusted market capitalization, weighted stock Market Index in Hong Kong. The Index records and monitors daily changes of the largest companies in the Hong Kong Stock Market. It is the main indicator of the overall market performance in Hong Kong. These 50 constituent companies represent about 58% of […]
Chorus Aviation: Monthly Dividends Are Attractive, But Past Performance Is Worrisome
Chorus Aviation stands out because of its remarkably high dividend yield. Chorus Aviation was trading yesterday at a yield of 5.5%. This makes the security one of the few publicly-traded issues with a yield above 5%. You can see a comprehensive list of all high dividend stocks with 5%+ yields here. Because of its high dividend […]
Bitcoin Explodes To New Record High Over $5200
Having bounced back from China’s exchange closures and Dimon’s damning, Bitcoin just broke above its pre-China ICO ban highs and traded above $5000 for the first time in history (even as Russia decided to block local access). There was no looking back as the cryptocurrency is now trading $5240 – a new record high. As Coindesk notes, prices […]
Discipline Argues Against Consensus Narrative
Following the release of the FOMC minutes from last month’s meeting, the consensus narrative that has emerged says that it was dovish because there is a growing worry the reason inflation fell is not simply due to transitory factors. This explains, according to the narrative the dollar’s losses and the stock market rally. It seems reasonable […]
The Wealth S-Curve That’s Driving Current Global Macro Trends
The graph above shows a logistic function that maps out a sigmoid curve… otherwise known as an S-curve. This function was popularized by mid-19th-century scientist Pierre Francois Verhulst who applied it in his study of population growth. Verhulst found that population growth follows a certain S-curve. It grows at a steady state until it hits […]
