Futures Flat As Oil Drops To Fresh 6 Year Low; EM Currencies Crumble Under Continuing FX War
It was a relatively quiet weekend out of China, where FX warfare has taken a back seat to evaluating the full damage from the Tianjin explosion which as we reported on Saturday has prompted the evacuation of a 3 km radius around the blast zone, and instead it was Japan that featured prominently in Sunday’s […]
EUR/USD Slips During Friday Trading Session
The EUR/USD pair initially tried to rally during the course of the day on Friday but found the 1.12 level be a bit too resistive. Because of this, it looks like we’re going to continue the overall consolidation that we have been in for some time. The 1.12 level is the top of a large […]
Market Analysis & Trading Opportunities – August 17, 2015
Video Length: 00:02:00 Markets in general on Monday should more than likely follow the patterns that we’ve seen for some time now. With that, we believe that we will simply continue to grind away in various ranges between now and the fall where liquidity returns. We only have a couple of weeks left in the […]
EC Gold Stocks: A Playable Rally May Be Beginning As Junk Bonds Crater
Gold Stocks Jump and Retrace 50% Last week we discussed the potential for a rally in the gold sector (see: “Gold Stocks at an Interesting Juncture” for details). Gold stocks jumped early in the week and then retraced almost precisely 50% of the initial move higher, in the process closing a gap that was left […]
EC U.S. REITs Trend Higher Despite Expectations For A Rate Hike
US interest rates may be set to rise next month, at the Federal Reserve’s policy meeting, but the outlook for tighter monetary policy isn’t weighing on real estate investment trusts (REITs). Highly prized for relatively rich yields, REITs are said to be among the more interest-rate sensitive slices of the capital markets—not quite as vulnerable […]
Durability Test: W.P. Carey
In my recent “bracketology” research, I analyzed over a dozen Net Lease REITs in order to determine the most durable one. In order to determine the most heavy-duty REIT, I provided “wide-moat” ratings for each, based on thirteen key resilience criteria. Although W.P. Carey (NYSE:WPC) was not the winner, the New York-based REIT scored well and deserves […]
Goldman Weighs In On America’s Pension Ponzi: Contributions Must Rise $100 Billion Per Year
Over the past several months, we’ve taken a keen interest in the deteriorating condition of state and local government finances in America. Moody’s move to downgrade the city of Chicago to junk in May put fiscal mismanagement in the national spotlight and indeed, the Illinois Supreme Court ruling that triggered the downgrade (in combination with a subsequent ruling by […]
Forex Week In Review – 8/17/2015
Last week saw the American major markets make gains whilst the rest of the pack lost ground – the reverse of last week In Europe over the course of the week, the FTSE was down by 2.5%, it closed at 6550.7; the Dax ended at 10985, down by 4.4% on last week’s close; the CAC […]
Yuan Devaluation Stir Fries The Markets
Is there a market shocker coming up? The People’s Republic of China (PRC) has been many times criticized by Western economies, and particularly the U.S., for controlling its domestic currency, the yuan. But this time, the the People’s Bank of China (PBoC) decision to devalue the yuan against the U.S. dollar for three days in […]
How To Make Money In China And Asia
After all of the carnage in Chinese stocks this summer, some of you are probably patting yourselves on the back for avoiding China – and the rest of the Asia-Pacific region, for that matter. But if you followed my strategy for these markets, you’d be pleased as punch and out of China after a 100% […]
