Our intraday outlook is now bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday outlook (next 24 hours): bearish Short-term outlook (next 1-2 weeks): bearish Medium-term
June 15, 2017
Defense stocks are one of the smartest buys of the Trump era, given his stated commitment to boosting defense spending by $54 billion. As we’ve seen, drones and autonomous vehicles are two high-profit ways to play the growth energizing this
Written by Dave Forest, Pierce Points Libya has been one of the biggest x-factors in the global crude markets the past year. With on-again, off-again production in this key nation alternately supporting and suppressing prices. But news this week suggests things are looking
European markets are garnering attention again in 2017. Most of the flows have targeted broad beta benchmarks in simple execution of a regional allocation. For longer-term and strategic allocators who will hold positions in Europe for many years, WisdomTree believes focusing on
It’s been almost a month since the OPEC members met and decided to extend December’s deal for another 9 months until March of next year. Since then until now, Crude Oil prices did not even rise above the price at
After rallying over 80% in the last month, Bitcoin prices are tumbling (down 25% from record highs to 2-week lows) as cryptocurrencies face uncertainty on three fronts. As iBankCoin reports, investors are spooked over recent cyber attacks, uncertainty surrounding a Bitcoin platform upgrade,
Yesterday, we suggested that the most important question wasn’t whether the Fed would put a dovish spin on the June hike, but rather whether China would follow up with their own hike hours later. The risk, you’re reminded, is that if China
In a surprising turnout at this morning’s Bank of England rate decision, the bank voted 5-3 in favor of keeping rates flat. The surprising element is the fact that two additional members from the MPC dissented, as Michael Saunders and Ian
Yesterday the Federal Reserve hiked rates .25%. It is the second time they have tightened this year. And Yellen even laid out the foundation of “quantitative tightening” (QT), which is their beginning to unwind the Fed’s $4.5 trillion balance sheet.
So… how’s that border wall coming? Errr, never mind. I’m eventually going to learn that politics isn’t worth discussing. As I’ve said before, I’m not the kind that sucks at the government teat, so I don’t get worked up (or really
