Nowcasting With OMB Director Mick Mulvaney
Since Mr. Mulvaney has been criticizing the numbers produced by the BLS [1], and scoring by CBO [2], I thought it of interest to see Mr. Mulvaney’s record on predictions. To make things easy on Mr. Mulvaney, I thought it would be more fair to evaluate his “nowcasting” abilities. In July 2016, Mr. Mulvaney gave a speech […]
‘Twas The Night Before A Rate Hike
Volatility picked up this storm day in NYC and on the even of a likely 0.25% rate increase. That said, the rate hike is baked in and I don’t see this little spat of weakness as anything other than that, for now. I saw some strength in metals and did try a NUGT position Monday […]
Nicolas Darvas Box Trades
Nicholas Darvas Box Trades to watch for: Darvas Box trading was started by Nicolas Darvas a long time ago and even wrote a book titled, “How I made 2,000,000 in the Stock Market” and it is one of my favorite trading books of all time. It is actually a very quick read, and you can purchase […]
Deeper Penetration Of Doubt?
Something had to give one way or the other. With all the oil traders piled onto the long side, either demand had to seriously pick up (or plausibly appear ready to do so) or the weak hands would start to capitulate. But as WTI has pulled back from $54 to around so far $48, the […]
Cisco Seen As Best Fit Amid Citrix Potential Sale
Shares of Citrix Systems (CTXS) are under pressure today, shedding part of Monday’s gains after media reports said the company is working with advisers on a potential sale. Commenting on the news, Citi analyst Walter Pritchard told investors he believes Cisco Systems (CSCO) has the most obvious fit among the strategic buyers, but noted that […]
Russell 2000 Under Modest Pressure
Glass Half Full or Half Empty? There wasn’t a whole lot to today’s action. The Russell 2000 had the worst of it, but it still managed to stage a small recovery into the close. The index finished above support with technicals negative. A bullish rally would nicely set up a swing low and could see […]
E Markets Are Anticipating A Rate Hike
Tomorrow is Fed day. Metals and Miners near-term outlook hinges on their decision. The previous rate hikes supported prices after an initial drop. But, those rate hikes were 12-months apart. Therefore, it is unclear how metals will react this time around. Markets are anticipating a rate. However, what they will be looking for is forward […]
How The Black Market Is Saving Two Countries From Their Governments
Ever since governments began banning and licensing different parts of the economy, the black market has made sure people still have access to the things they need. Unstable governments always turn on their own citizens using price controls, heavy taxes, and even the threat of imprisonment to prop up their failing systems. As conditions inevitably deteriorate, […]
