Are Real Home Prices Rising Or Falling Where You Live: Here’s How To Find Out
As we’ve noted time and time again, the fact that average national housing prices appear to have recovered from the peak of the housing bubble masks the uneven nature of America’s economic recovery: While certain popular coastal markets have seen prices recover, much of the south and Midwest have struggled with stagnation or even home-price deflation. Now, a new tabulation […]
Who Actually Holds Walmart’s Wealth?
Who has the wealth of wealthy stockholders? The question seems absurd: the stockholders have it, of course. But I’m not asking who owns the stock; I’m asking who has the wealth? There is a difference. And the difference matters because many good people condemn the free market system on the mistaken belief that the wealth of the wealthy benefits only the wealthy. One […]
Back On Board: The Eurostoxx Bandwagon
I was mad at myself for not exiting my long Eurostoxx position into Barron’s bullish cover article (Too Busy Patting Myself on the Back). At that point, we had hit maximum European enthusiasm, and the next move was bound to disappoint. And although it has barely been two weeks since I wrote that piece, I am […]
Stocks: Thunder Dome
Well, a full week is upon us, and we enter a period in which we don’t have any damned holidays to interrupt our trading until September rolls around. Looking at the ES, the topping formation is still in the throes of completion. Simply stated, the steady series of lower lows and lower highs must not be violated, and […]
Crude Oil – Monday, July 10
CL completing the head and shoulders with very negative repercussions for the months ahead. Source: INVESTING.com
Oil Shortage Some Day
Believe it or not the globe is headed for an oil shortage. I know many find that hard to believe, especially in this shale crazed world where there is the belief that shale oil will fill all voids, even as investment in oil exploration falls to the lowest level since the 1940s. I am not […]
EUR/USD And GBP/USD Forecast – Monday, July 10
EUR/USD The EUR/USD pair spent most of the day on Friday chopping around as the job numbers came out of America, much better than expected. We did bounce from below the 1.14 handle, so that’s a very bullish sign. The candle looks as if the buyers are getting ready to come back in and try […]
If This Is The Big One, ‘You’re Going To Have To See It Here Too’…
The credit market has largely ignored the sovereign yield back-up. If the great crack-up is here, you’re going to need to see it in credit, too. Stay tuned That’s from former FX trader Richard Breslow and it’s an important point. For quite some time, analysts and the commentators who know what they’re talking about have observed that if […]
Morning Call For Monday, July 10
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.02%) this morning are up +0.12% and European stocks are up +0.42%. Strength in technology stocks is leading the overall market higher with Advanced Micro Devices and Nvidia both up over 1% in pre-market trading. European stocks also received a boost on stronger-than-expected German May exports and […]
One Hedge Fund CIO’s Conversation With His Uber Driver
In his latest weekly letter to clients, One River CIO Eric Peters shifts his attention away from his two favorite topics of monetary policy and capital markets, to unveil a streak of contrarian skepticism on the topic of “technological disruption”, and in his trademark anecdotal style, present a hypothesis that would be most unwelcome in […]
