Sensex Trades On A Volatile Note
After opening the day flat, share markets in India witnessed volatile trading activity and are currently trading in marginally above the dotted line. Sectoral indices are trading on a mixed note with stocks in the power sector and stocks in the energy sector trading in green, while stocks in the telecom sector and stocks in the IT sector are leading the losses. The BSE Sensex is trading […]
Gold Falls On Strong U.S. Economic Data
Gold prices ended Wednesday’s session down $1.12 as the dollar moved higher on the back of better-than-expected economic data. The Commerce Department Commerce said that gross domestic product expanded at an annual rate of 3.0% in the second quarter and Automatic Data Processing Inc. reported that the private sector added 173K jobs in May, broadly […]
5 Reasons Why Bitcoin Has Staying Power
President James Garfield once said… “He who controls the money supply of a nation controls the nation.” Who then, Mr. Garfield, controls the money supply of Bitcoin? Because if such a person existed — an invisible hand that controls everything — then that person would have the entire world in a stranglehold. Fortunately, there is […]
More ‘Junk’ Talk
Ok, so this is one of those things that’s intuitive but simultaneously noteworthy (usually when something’s intuitive, it’s not worth mentioning by virtue of the fact that it’s self- evident). First, a (very) brief recap. IG has been outperforming HY for months. This is something we’ve documented extensively. You want to keep track of this […]
China PMI Vs Dr Copper
The August round of official PMI data from China showed some mixed signals, and a little bit of something for everyone, but overall a signal of steady as it goes for now. The manufacturing PMI was up +0.3 to 51.7 while the non-manufacturing PMI was down -1.1 to 53.4 with the breakdown: Service index -0.5 to 52.6 […]
Gold And Bitcoin Hype Hits Stratosphere (Part 1)
The hype and nonsense Bitcoin and gold has blasted through the troposphere into the stratosphere. I suppose hype could get higher. The next target is the mesosphere. Some of those residing on terra firma are tired of the hype. I am one of those. Let’s kick off the discussion of gold hype although Bitcoin is far […]
IRA And 401k Investment Decisions You Must Make
Adults are faced with many tough decisions. Your career, education and picking a partner (or none at all) are common examples. While you may consult with experts, family, and friends, some decisions you must make for yourself. The consequences of those decisions may impact the rest of YOUR life. “I’ll worry about retirement later” is […]
Has The Euro Topped?
At least in the short term anyway? Remember, that based on my USD update from yesterday, I am still looking for a 5-6 month Intermediate Cycle Low (ICL) in the USD. The Dollar has rallied hard off yesterdays low and as you would expect, the EURO is showing signs of topping here. I have taken […]
EUR/USD Drops 200 Pips And Challenges 4th Wave Pattern
EUR/USD 4 hour The EUR/USD has made a sharp bearish decline and is now testing the outer limits of a potential wave 4 (purple). A break below the 61.8% makes a wave 4 unlikely and the wave structure would change where wave 5 (purple) of wave 5 (green) of wave 3 (green) would be completed […]
The EU Is Treating The UK Like Greece – 5 Worrying Similarities
Five months after the UK officially triggered Article 50 to leave the EU, the Brexit negotiations are currently in their third round and not going anywhere fast. The negotiations have worrying similarities to those with Greece. It did not end quite well over there. Here are five similarities. It could get much worse from here: […]
