This (Crashing) Trend Is Not Your Friend
Despite Yellen’s best efforts to basically dismiss any and all data as irrelevant going forward in The Fed’s decision-making process, we suspect all eyes (and algos) will be firmly glued to this week’s payrolls’ data. Will it be another record month for Obama to crow about? Will Mark Zandi do the “told you so dance” […]
The ‘Mystery’ In TIC Is Likely Important Given These Big Numbers
The “first” part of the TIC data update for January was relatively straightforward, especially since the scale of the net transaction adjustments in both December and January really did match what happened in January (crossing into February). The Treasury Department’s estimate for foreign holdings of US dollar assets were nothing short of remarkable in all […]
How Many Tech Startups Are Empty Shells?
How many startups are empty shells filled with glitzy PR designed to appeal to VC newbies? It’s widely accepted that most tech startups will fail. Perhaps the core business proposition didn’t pan out, or the execution was flawed, or the initial success foundered on poor management, or another startup scaled up fast enough to suck up […]
Yellen Remains Dovish, Dollar Slides
The outlook for another interest rate hike remained unclear following the speech by Federal Reserve Chairwoman Janet Yellen to the Economic Club in New York Tuesday, her first press conference after the Fed held rates steady two weeks ago. The U.S. dollar dropped sharply and stocks on Wall Street moved higher after Yellen’s comments seem […]
Silver’s Bullish Cup And Handle Pattern
Two months ago, we signaled a huge buying opportunity was setting up in gold. Basically, that observation was based on a bullish chart pattern which is known as a ‘cup and handle’. After our call, gold moved higher in an explosive way. Today, we observe a similar chart formation on silver’s chart. The cup and […]
Europe Could Push Gold To $3.000
The price of gold is going sideways. For some ‘experts’ it’s a sign that the comeback of the yellow metal is nearly over. But they tend to forget this is very a weak season for gold. History shows March is the weakest month for gold. Hedge Fund manager Dan Tapiero even expects gold will make […]
Can Lululemon Continue To Compete With Nike In Athleisure?
Lululemon Athletica (LULU) Consumer Discretionary – Textiles, Apparel & Luxury Goods | Reports March 30, Before Market Opens Key Takeaways The Estimize consensus, on the other hand, is calling for EPS of $0.80, right in line with Wall Street, and revenue expectations of $690.04, $2 million below the Street. Athleisure has been on of the hottest […]
China’s Debt Bubble: Non-Financial Sector Debt At $26 Trillion
I recently wrote that global non-financial sector debt has surged to $153 trillion as of 3Q15. Among individual countries, China has witnessed rapid leveraging since the financial crisis of 2008-09. In my view, the debt crisis is still to unfold for China and this article puts into perspective the scale of leveraging in the last few years. […]
Sell In March And Go Away? There’s Something About April During Election Years
We will be the first to admit that in the current centrally-planned world, where nothing but the words and deeds of central bankers matter, fundamentals, seasonals, technicals and charts are a laughable anachronism from days gone by when the market – as traded by humans and not vacuum tubes with laser beams – could drop […]
You Probably Want To Go Long Oil
Strong API Report for this time of year, and equities about to break out means short covering ahead for oil bears. Remember this is quarter end window dressing week as well! Expect some short covering in oil ahead of the EIA Report on Wednesday. Video Length: 00:05:03
