SPX Strength Is Deceptive
Three weeks ago I wrote: “If, however, as it is the case today, we are tracking an exceptionally strong counter-trend rally, we can assign a more liberal count to the trend and, in that case, we come up with 2058, 2070, and perhaps even 2080 before we reach a reversal point.” The week before […]
E Dazed And Confused About Rates, Currencies And Policies?
Dazed and Confused? The bond market might be taking this into account for in spite of the strong jobs data and rebound in manufacturing, yields of long-dated U.S. treasuries refuse to trend higher. However, there are other forces holding down long-term UST yields. There is confusion regarding the bond market, the shape of the UST […]
Enough Americans Have Already Voted – Chaos Is Coming
Once the majority of Americans have made up their mind and voted it will be almost impossible to change the direction of the outcome and change their minds. Unfortunately, the majority has voted and are in agreement with the next major event that will catch most people off guard. While this may sound bad and […]
ETF Rodeo Roundup Continues
Continuing on with some interesting ETFs this weekend: below is China Large Cap, which tracks the FTSE China 50 index. It’s got a terrific head and shoulders pattern. The Transports is somewhat sloppier – in fact, it’s one of the worst of the ten I’m highlighting this weekend – but I’ve made note of what […]
Saudi Arabia’s FX Reserves Drop To Four-Year Low Amid Oil Price Collapse
By Rupert Hargreaves Saudi Arabia’s FX reserves dropped for the 13th consecutive month during February as below oil prices continue to weigh on the Kingdom’s finances. That’s according to a flash research note on the Kingdom’s financial position from HSBC. The country’s FX reserves stood at $593 billion in February, a month-on-month drop of $9.4 billion. […]
Stocks End Week Higher After Fed Chair Yellen Strikes Dovish Tone
Stocks ended the week higher after Federal Reserve Chair Janet Yellen emphasized that rate hikes by the central bank will be gradual, spurring the market-implied odds of a rate hike at the April FOMC meeting to drop to zero. MACRO NEWS: Speaking at the Economic Club of New York on Tuesday, Federal Reserve Chair Janet […]
Four Stocks That Gained Over 40% In Q1 And Are Still Strong Buys
“Markets can remain irrational longer than you can remain solvent.” – John Maynard Keynes With the major stock market indices either ending in the red or merely edging into the green territory – in terms of their year-to-date performance – investors remain highly skeptical about where to invest for better returns. Indeed, the first quarter […]
Binary Options Assets In Focus – April 3rd, 2016
With the European PPI numbers coming out on Monday and taking the headlines, the reality is that it should be a fairly calm session as we got the US jobs numbers on Friday. However, there are a couple of assets that we are paying attention to. Gold approaching support? Gold markets fell last Monday […]
100 CEOs Have More Saved Up For Retirement Than 41% Of U.S. Families Combined
Retirement Insecurity – A Tale Of Two Retirements – CEOs And The Rest Of Us Changing the rules that allow platinum pensions for CEOs and increase retirement insecurity for the rest of us Co-published by the Center for Effective Government and the Institute for Policy Studies Authors Sarah Anderson directs the Global Economy Project at […]
“Production Freeze” Narrative Collapses In Two Days: Russian Oil Output Hits New Post-Soviet Record
How quickly the oil production freeze narrative has fallen apart. Source: stockboardasset Indeed, it’s been a tough two days for oil bulls holding on to hope that excess oil production will normalize in the near term and that the world’s oil suppliers would somehow manage to curb oil production in the aftermath of the OPEC’s November […]
