What Will Policy Normalization Mean For Credit Markets (Wonkish)
Right now, in the wake of the French 1st round election results, the Fed futures market is saying there’s a 72% chance of a Fed rate hike by June. So the obvious question is what this means for the economy, especially given recent yield curve flattening. I am cautiously optimistic. But I have some caveats […]
Still In So Many Ways 2014
What was it that touched off CNY’s devaluation in the first place? When it started, “unexpectedly” of course, it was described as intentional policy designed to thwart speculators betting too heavily on the currency’s continued rise. But the first major move in the chess game between the PBOC and “whatever” it is driving the currency was […]
The Reasons US Markets Are Looking At New All Time Highs
With the Russell 2000 at another all time high and the S&P 500 very close to closing at a daily all time high we need to consider why this is happening. Chris Temple joins me to discuss the reasons why the markets are at this level as well as the risks ahead that could move […]
Amazon Poised To Beat Q1 Earnings: Buy These ETFs
Amazon (AMZN – Free Report) is set to release first-quarter fiscal 2017 results on April 27 after market close. Being a market leader in online e-commerce, it is worth taking a look at the company’s fundamentals ahead of its results. Amazon has been on a torrid run so far this year locking in gains of nearly 21%. […]
One Analyst Compared US Stocks To European Stocks – Here’s What He Found
So one of the things we (and others) noted going into the first round of the French elections was that investors and traders were hardly bearish on anything European. “Overweight” European equities was on everyone’s reco list, € credit was (still) asleep at the wheel despite sovereign spreads’ best efforts to convey redenomination risk, and as […]
Celebrating 2,000 ETFs
Today, April 26, 2017, for the first time ever, you have 2,000 U.S.-listed exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) from which to choose. This is a celebration of a significant achievement, much like the 1,000 ETF listings milestone that was reached on May 7, 2010, just shy of seven years ago. In all, there have […]
USD/CAD Unfazed By Weak Canada Retail Sales; RSI Divergence Emerges
Currency Last High Low Daily Change (pip) Daily Range (pip) USD/CAD 1.3574 1.3606 1.3543 2 63 USD/CAD Daily Chart – Created Using Trading View USD/CAD ramped up to a fresh 2017-high of 1.3626 as U.S. President Donald Trump announced plans to implement a tariff on softwood lumber imports from Canada, and the broader outlook remains constructive […]
EUR/USD From A Double Top To Low Resistance – 3 Reasons
EUR/USD certainly has an interesting week. It began with a significant 200 pip Sunday gap on the French elections, reaching 1.0930. When things cooled down, it found itself at support some 100 pips lower. That 1.0830 level worked as the initial 2017 high. It moved up from there, settling above 1.0870, the December 2016 swing peak. Another […]
The Oil Market Is Undersupplied By Two Million Barrels A Day
Here’s a bar bet you energy investors can use: Hey, how much if any is the world under-supplied oil right now? The answer, says one highly respected voice, would surprise you: They say the global oil market is currently undersupplied by 2 million barrels per day. That’s a very bullish statement, and a bit out of consensus right […]
How To Build Modern Portfolios: Putting It All Together
While we wait on the Trump administration’s proposal for reforming the tax code – a proposal that is likely to include a dramatic reduction in corporate tax rates – we might as well continue the discussion on how to build what I call “modern portfolio diversification” into portfolios. To review, the idea here is to […]
