Speculators Take Big Positions, Including Shifting To Net Long Mexican Pesos
In the CFTC reporting period ending April 21, speculators added to significant positions in the euro, sterling and the Mexican peso. Bulls and bears took more exposure in the euro and sterling, while in the peso net longs dominated. The gross longs rose 12.2k contracts in the euro to stand at 185.8k contracts.It is the […]
AUD/USD Forecast April 24 – 28
AUD/USD reversed directions last week and posted modest losses. The pair closed the week at 0.7528. This week’s key event is CPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In the US, construction figures were mixed and manufacturing and employment numbers missed their estimates. The Aussie softened after the RBA minutes […]
Crude Oil Forecast For May 2017
The price of crude oil was weak last week. Crude oil dropped from $53.20 early this week to $49.62 on Friday. That is a 6.7 percent drop in a week, which is rather significant even for a volatile asset like crude oil. What is InvestingHaven’s crude oil forecast for May 2017? Examining that question is […]
Hedge Fund Performance Is (Still) Improving! Everyone (Still) Doesn’t Care
Earlier this month, we brought you “It’s Probably Too Late: Hedge Fund Performance ‘Improves,’ But Market’s Patience Is Gone.” In it, we highlighted the fact that hedge funds’ risk-adjusted performance is actually improving. But we also noted that at this point, it probably doesn’t matter. The passive/active ship has sailed. That horse has left the […]
Week In Review: Tianjin CanSino Closes $65 Million Round For Vaccine Portfolio
Tianjin CanSino Biologics, a vaccine developer, raised $65 Million in its latest funding round (see story). Currently, CanSino is testing four products in Phase I to III clinical trials, conducted in North America, Africa and China respectively. It also has three IND submissions awaiting CFDA trial approvals. The latest CanSino financing was led by Future Industry […]
Markets Rally As Expected…Now What?
In last weekend’s newsletter, I suggested the markets could rally this week with some very specific caveats. Let’s review where we are. (All charts updated through Friday.) “The market has now tripped the first signal as shown above, and below, sending a warning that further weakness could ensue. With the first signal registered, combined with a break of […]
The Long-Short US Sector Rotation Strategy
The following paper will explain how to build a U.S. sector rotation strategy (a US sector rotation meta strategy combining dynamically 5 different sector strategies based on SPDR ETF) which allocates dynamically between 4 different long US sector rotation strategies and one short US sector rotation strategy. This strategy is therefore different from our Global Sector Rotation strategy, as it […]
Emerging Markets Poised To Outperform
In our Spring 2017 Investor Letter we briefly commented on first quarter investment changes we initiated in client accounts, specifically, adding exposure to emerging markets. Expanded commentary follows on some of the rationale for this change. Simply because an asset class or stock is cheap does not necessarily suggest the asset should be purchased; however, valuation does […]
Economic Data And Forecasts For The Weeks Of April 24 And May 1
Here are my forecasts for upcoming economic data. ` Forecast Prior Observation Consensus Week of April 24 April 24 Chicago Fed National Economy Activity – March 0.4 0.34 0.3 Dallas Fed Manufacturing Survey 18 16.9 15.0 […]
E Bonds And SPX Confirming Sell Signals
VIX appears to have completed the right shoulder of an inverted Head & Shoulders neckline at 16.28. It is on a buy signal above Long-term support at 13.01. A breakout above the neckline suggests that the Ending Diagonal formation may also be at risk of a breach. An actual change in long-term trend may occur […]
