The Stock Market Crash Of 2017 That Never Was But Could It Still Come To Pass?
I add this, that rational ability without education has more often raised a man to glory and virtue, than education without natural ability. Marcus T. Cicero For the past few years much the angst of many experts we have consistently stated that the markets were not ready to crash. From late 2016 to early 2017, […]
E Tech Talk: Buying BAD
I’ve periodically commented in this column that the oil industry’s new normal is one in which oil prices – having briefly cratered at below US$27 in February 2016 – have been drifting in the US$50 range since last October. The tough part of that story is that it’s unlikely to change. World-wide, for every barrel […]
Gold, Silver Or Bitcoin-crypto Currencies: Where Will The Big Money Be Made?
When the Central Banks finally lose control of propping up the markets, will the big money be made in owning gold, silver or crypto-currencies? This is the question many investors who are focused on “alternative assets”, outside the typical mainstream stock, bond and real estate markets, are asking. Most investors who have been concerned about […]
U.S. Crude Supplies Slump Amid Record Refining
The U.S. Energy Department’s inventory release showed that crude stockpiles declined for the eighth straight week, continuing to drag down the overall surplus. Moreover, gasoline inventories dropped sharply ahead of the start to the summer driving season and refiners processed a record amount of crude. While these data sets might be considered as bullish, West […]
Stocks And Precious Metals Charts – June 2
As you most likely have heard by now, the Non-Farm Payrolls Report For May came in quite shockingly low. I had to crack up at one remark this morning that the jobs number is so low because we are at full employment, and therefore there are not any more jobs to be had or people to […]
U.S. Jobs Numbers Way Down: What Does That Mean For The Fed?
U.S. jobs numbers for May were nearly 50,000 under consensus. Does that make a rate hike by the Fed less likely? In this week’s episode, host Rob Cittadini, regional director, consultant relations, was joined by our Director of Client Investment Strategies Mark Eibel. The focus was on U.S. jobs and elections in Europe. U.S. nonfarm […]
EUR/USD At New 7 Month Highs After The Terrible NFP
EUR/UDS reaches a new cycle high of 1.1269, breaking the previous high of 1.1266. Further resistance awaits at 1.13, followed by 1.1360 and 1.1420. Update The pressure continues and the new high is 1.1274. Will we reach the US elections high of 1.13? This remains an open question. Support awaits at 1.1160, followed by 1.1120. […]
Signs Of Something, Just Not Wage Acceleration
I have been writing for many years that they really don’t know what they are doing. I only wish it was that simple. There has been developing another layer or dimension to that condition, a second derivative of stupid, whereby when faced with this now well-established fact the same people, experts and authorities all, they […]
Trade Deficit Widens: Cascade Of Bad News Accelerates, Trump Will Howl
The International Trade in Goods and Services report shows the trade deficit widened to $47.6 billion in April from $45.3 billion in March. The April deficit was greater than any Econoday economist’s prediction. In addition, the Census Department revised the March deficit from $43.7 billion from $45.3 billion. The bad news is accelerating for the second quarter. The trade […]
When Ugly Stocks Make For Great Investments
Unless you’ve been living under a rock, you know that retail stocks have been getting pounded in 2017. Just in the last couple of days, the stocks of Michael Kors (KORS) and Express, Inc. (EXPR) have fallen off a cliff. Meanwhile, Amazon.com recently hit $1,000 for the first time and is riding a strong uptrend. The […]
