E USD/CHF Trading In Late Stages Of A Three Wave Decline
USD/CHF seems to be trading in a corrective wave 2), as a reaction to the previous five wave rise within wave 1). That said, downside may be limited for wave 2) around the 50.0/61.8 Fibonacci ratio and around the lower corrective channel line. As we know, corrections usually consist out of three waves A-B and […]
Chart Of The Day: “It’s Now Higher Than Brexit And Lehman”
Ok, so this is one of those “dammit, I hate to show the same chart everyone else in the world is showing, but then again, when everyone else in the world is showing it that means I have to” moments. As you’re no doubt acutely aware, the French elections are the biggest scheduled geopolitical risk event (an […]
Fixed Income: “The Boy Who Cried Wolf”… Perhaps Not This Time
Certainly, a main theme for fixed income investors in 2017 has been one of rising interest rates. There is no doubt that we have been down this road before, only to witness no increases, or in some instances even falling rates. So, what makes this time different, and should investors listen to, or ignore, “the […]
Bull Flag Chart Pattern
Bull flag chart pattern now in play on SPX SPX is forming a nice bull flag pattern. It doesn’t feel that way, because nearly every day the market opens, it sells off. If it finishes higher on the day, it is well off the highs of the day. But back to the bull flag pattern, […]
Will We Hold It Wednesday – Nasdaq 5,400 Edition
5,440 was our line in the sand. Since March 21st we’ve been using that line to short the Nasdaq Futures (/NQ) as a move above that line was in no way justified without some real improvements in earnings and now, with earnings season upon us, we’re still not seeing evidence yet that the market should be […]
U.S. Bancorp Q1 Profit And Revenue Top Expectations
U.S. Bancorp (NYSE: USB) early Wednesday posted market-beating first quarter earnings results, helped by better loan performance and investment banking fees.
As French Election Looms, Risk Premia Spike Near Record Highs Across Every Market
With establishment pollsters panicking at the closeness of the first round of the French elections, it appears investors in every market – stocks, bonds, and FX – are just as concerned with hedges and risk premia at (or near) record highs across the board. With just a few days to go before Sunday’s first round of voting, every […]
Bull Of The Day: Potlatch (PCH)
The US housing market continues to strengthen this year thanks mainly to improvement in the labor market and still low interest rates. This Zacks Rank #1 (Strong Buy) timber REIT is well positioned to capitalize on the housing market recovery. About the Company Structured as a REIT, Potlatch (PCH – Free Report) owns approximately 1.4 million acres of forestland […]
One Week Until First Round Of French Elections
Looking at The Data With the first round of the French elections rapidly approaching (April 23rd), voters’ sentiment appears to have settled around roughly 25% each for both centrist candidate Macron and Far-Right candidate Le Pen with Francois Fillon holding behind around 18% – 20%. The latest data reflects a gradual but steady […]
February 2017 Philly Fed Coincident Index Ticks Marginally Up
The year-over-year rate of growth of the US Coincident Index marginally increased relative to last month’s revised level. A comparison of this US Coincident Index with the Aruoba-Diebold-Scotti business conditions index, Conference Board Coincident Index, ECRI’s Coincident Index, and the Chicago Fed National Activity Index follows. Analyst Opinion of the Current Status of the Coincident […]
