Next Target 2500
The S&P 500 Index (SPX) held the level everyone was watching and tweeting at 2400. Then it cleared the Twitter resistance level at 2450. Now, traders are tweeting 2500 as the next stop. Not only did SPX hold above support, it held above its uptrending sentiment line. This indicates we should continue to rally (probably […]
Wall Street & Yellen Finally Coming Around To Our Way Of Thinking
Well, among a host of data reports and political developments that came at us last week, among the most important was the fact that Fed Chairwoman Janet Yellen finally copped to the fact that the domestic economy is indeed moderating. It’s a drum we’ve been banging for some time here at Tematica Research, and like the […]
Our Fake Economy
Video length 00:16:12. Dr. Mark Thornton joins Mises Weekends to explain the “business cycle” for what it really is: a series of booms (credit expansion) and busts (debt de-leveraging) engineered by central banks. There’s nothing natural, real, or sustainable about the current Yellen boom—so stay tuned for Mark’s explanation of how it can all unravel.
A Look At Gold And Silver Sentiment
Disaster in precious metals land has been averted (for now) as the market unwinds what appears to be sudden excessive bearish sentiment. Surveys such as the daily sentiment index reached single digit levels for Gold and Silver (the previous week) while the net speculative position in Gold and Silver has declined dramatically in recent weeks. […]
Hedge Fund CIO: “We’ve Realized Roughly 3 Years Of Gains In The First 6 Months Of 2017”
As part of the local Sunday ritual, here is Eric Peters with his latest Weekend Notes, providing some context on recent, and not so recent market moves. Weekend Notes “US stocks rise roughly 7% per year,” he said. “Same holds true for Australia; basically, for all economies uninterrupted by catastrophic war at home.” The 7% […]
‘The Impulses Turn Negative’: Goldman Warns On Emerging Markets
We’ve written a ton here lately about the exceedingly long-in-the-tooth rally in all things emerging markets. The space’s YTD outperformance makes sense on some levels but flies in the face of reason on others. Yes, the carry trader’s paradise created by DM central banks and the attendant global hunt for yield is in many respects […]
E Looking Behind The CPI Headlines To Spot Inflation Trends
On Friday, the Bureau of Labor Statistics (BLS) announced that US consumer price index increased by 1.6 percent from June 2016 to June 2017. The core inflation rate, which excludes food and energy, reached a 2-year low of 1.7 percent. What does this mean for the economy, looking forward? The CPI-U and the core CPI […]
Forex Forecast: Pairs In Focus – Sunday, July 16
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Oil And Natural Gas Demand Set Records While Coal Slumps
Last month the BP Statistical Review of World Energy 2017 was released. This report gives us the opportunity to review the big picture when it comes to global energy supply and demand. I consider the BP Statistical Review to be the bible of energy statistics. The report provides a comprehensive picture of supply and demand for all the […]
Bi-Weekly Economic Review: Attention Shoppers
The majority of the economic reports over the last two weeks have been disappointing, less than the consensus expectations. The minor rebound in activity we’ve been tracking since last summer appears to have stalled. Retail sales continue to disappoint and inventory/sales ratios are once again rising – from already elevated levels. Even the positive reports […]
