Europe is not the only location seeking out more “inflation”, as almost any central bank around the world except Banco do Brasil would do anything to find it. The ECB provided more emphasis in their panicked escalation today. In China, by contrast,
March 10, 2016
The ECB just announced a further reduction in interest rates, extended its QE program by increasing the rate at which buys assets, beefed up the TLTRO program and extended its horizon. It all sounds like good news and many of
The diminished efficacy of central bank expansion policies increasingly is being recognized by traders, if not monetarists or official interpretations. While I did correctly refer to the ECB-triggered bounce (in advance) as a highly likely ‘buy the rumor / sell the
Gold: Having closed higher and seen following through during early trading today, Gold faces further sees bullish momentum. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down,
In 2016 with the worst start to a new year ever, the U.S. stock market continues to experience extreme volatility with triple-digit moves in the Dow Jones Industrial Average index occurring on almost a daily basis. Concerns about China, commodities, credit and currency, along
The Chart of the Day belongs to Cantel Medical (NYSE:CMN). I found the medical infection prevention stock by using Barchart to sort today’s All Time High list first for the highest number of new highs in the last month, then again for technical buy signals of
Markets flew around all over the place today. Precious metals down in pre, stocks up. Stocks down post-Draghi, PM’s up. I remain positioned for balance in the miners (reestablishing some hedging at the end of the day) and in stocks.
“What’s the point of being alive if you don’t at least try to do something remarkable.” –Anonymous Today was very choppy seeing the S&P gap nicely only to fade and fall nicely, only to recover and end the day near
We look to be basing right now for a higher move in the oil market into summer. We are headed for another higher week for oil prices, and the uptrend continues. Video Length: 00:11:00
