Futures Flat With Greece In Spotlight; UBS Reveals Rigging Settlement; Inventory Surge Grows Japan GDP
The only remarkable macroeconomic news overnight was out of Japan where we got the Q1 GDP print of 2.4% coming in well above consensus of 1.6%, and higher than the 1.1% in Q4. Did it not snow in Japan this winter? Does Japan already used double, and maybe triple, “seasonally-adjusted” data? We don’t know, but […]
Retirees Face An Asset Allocation Conundrum
One of my clients recently sent me an article from CNBC on the big shift in thinking for retirees with the need for an income plan. The story essentially centers on the conundrum of how to generate an acceptable yield without taking an inordinate amount of risk. All of the usual concerns were cited: Historically low interest […]
Gold Returns To $1205 Ahead Of Fed Minutes
Gold prices fell 1.44% yesterday, snapping five consecutive days of gains, and settled at $1207.53 an ounce as the dollar rallied on the back of encouraging housing data. The XAU/USD pair hit the lowest level in four sessions after the Commerce Department reported that building permits climbed 9.6% to a 1.14 million pace and housing […]
U.S. Business Cycle Risk Report – 20 May 2015
U.S. economic growth has slowed in recent months, but the deceleration to date remains well short of a tipping point for the business cycle, based on a broad set of published reports through April. There’s heightened concern that the economy will remain unusually vulnerable if the weakness persists in the second-quarter. As a result, the […]
Divergent Impulses Spur Dollar’s Comeback
The U.S. dollar extended its recent gains against the major currencies. The euro returned to its break out level near $1.1060 after approaching $1.15 at the end of last week. In three sessions it has surrendered more than 38% of its bounce off the low set in mid-March. The 50% retracement comes in just […]
Charts To Trade: HDP, ISRG, FTNT, BOX, WIX
This is a quick post on five charts that caught my eye on Tuesday, May 19th. All charts annotated at and downloaded from FreeStockCharts.com. Hortonworks, Inc. (HDP) has struggled to make a good post-IPO impression. The first earnings report underwhelmed and led to a fresh all-time low. The last earnings report was initially well-received and then […]
Japan GDP Surprise Lifts Nikkei
The release of Japan’s GDP data Wednesday gave an encouraging sign for the health of the Japanese economy. The country’s growth domestic product (GDP) expanded an annualized 2.4 percent compared with the previous quarter, passing the 1.5 percent print expected by most economic analysts. In the October-December quarter, the economy expanded 1.5 percent during the […]
May 20th – Trading Signals
With the Federal Reserve releasing its minutes from the last meeting during the session today, as well as the Bank of England, it’s likely that we will see a lot of volatility based upon perception. However, it’s very difficult to quantify how the market might react. Because of this, we will have to play technical […]
Liquidity Is A Cloud Bringing A Flood Of Fiat Money
USAWatchdog interviewed Hugo Salinas Price, a well-known and highly successful businessman operating in Mexico. Born in the United States, Price is now a passionate advocate for sound money and has been pushing for the Mexican government to adopt monetary silver again. Unfortunately, he sees far too much political pressure against sound money, particularly from the […]
NYSE Adds Bitcoin Index, Paypal Fined $25 Million & More
NYSE adds Bitcoin Index The New York Stock Exchange is launching a new Bitcoin index (NYXBT). It will track the dollar value of one bitcoin based on how the currency trades at select exchanges. “Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing […]
