Two months ago, when looking at the latest basis spreads, we showed that a disturbing development, first flagged here in March, was getting worse: namely the “Global Dollar Shortage Intensifies To Worst Level Since 2012.” We had expected this shortage to manifest
December 23, 2015
A definite Christmas theme today with most markets meandering into the festive season. Japan was closed for annual holiday (Emperor’s Birthday) and many markets were on half-day (Hong Kong, Singapore, Philippines and Australia). The PBOC set mid-point for the Yuan
Jingle bells for the upside – likely precede crosscurrents immediately ahead. It might be almost like the last minute retail bonanza (not so much this year) as is followed by both after-Christmas sales that collide with returns or exchanges. For the
Jingle bells for the upside – likely precede crosscurrents immediately ahead. It might be almost like the last minute retail bonanza (not so much this year) as is followed by both after-Christmas sales that collide with returns or exchanges. For the
The Chart of the Day belongs to Vitae Pharmaceutical (Nasdaq: VTAE). I found the stock by using Barchart to sort the Russell 3000 Index stock for the highest technical buy signals than used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy
The Santa rally wasn’t destined to be faded or shorted as the S&P 500 is now nearly flat on the year. There’s just next week to take us home to win or lose the year for portfolio manager bonuses. As
I’ve already got a position on this, but I wanted to share it. Here’s a close-up view of recent Baidu price action; a break of that 189.55 level should set things in motion. Here’s a bigger picture view, with the
How Did the Stock Market Do Today? Dow Jones: 17,602.61; +185.34; +1.06% S&P 500: 2,064.29; +25.32; +1.24% Nasdaq: 5,045.93; +44.82; +0.90% The Dow Jones Industrial Average today (Wednesday) added more than 185 points as energy stocks surged and economic optimism rallied ahead of the Christmas holiday. Positive
Note: The charts below have been updated with the latest Personal Consumption Expenditures price index from the Bureau of Economic Analysis. The annualized rate of change is calculated to two decimal places for more precision in the side-by-side comparison with the Consumer Price
Not long ago, I wrote that it was somewhat odd that more attention wasn’t being paid to sovereign wealth funds. This was only somewhat surprising given that oil prices were still thought “transitory” and thus the mainstream clearly felt there
