After a Thanksgiving and Black Friday bloodbath, natural gas prices recovered today by gapping up significantly and holding on to that gap through the trading session today. Though prompt month prices were unable to rally above a resistance level around
November 27, 2017
It is a common misperception that the Fed has in the past raised rates pushing the US economy into recession. The last time that was true was in 1979, when the Fed raised its Discount rate from 9.5% starting in
The documentation of the endless march of asset markets higher has become passé; the illustration of the markets’ overvaluation redundant and tiresome. After years in which these same arguments have been made, without any discernable correction, the sober voices of
The latest round of PMI data for Europe reflected what we’re seeing across the economic sentiment indicators for the Eurozone: i.e. the strongest economic sentiment readings since 2000. This reflects a number of key drivers in the economy and has
During the week ended Nov 16, 2017, U.S. listed equity ETFs registered $5.4 billion in inflows, per Factset. Year-to-date ETF inflows have reached $398 billion. Of the weekly inflows, U.S. equity ETFs registered $3.7 billion in inflows, while international equity
A rumor is circulating that the Fed is concerned Bitcoin will “eviscerate” big banks. Let’s investigate the claim. Zerohedge writes As Bitcoin Nears $10,000 “Central Banks Kept Up At Night”. Here is the line that caught my attention: “St. Louis Fed
Over the weekend, we presented an analysis by Citi looking at how long after the yield curve inverts do investors have before they should start worrying. As Citi’s Jeremy Hale noted, “sometimes inversion provides a timely signal for the economic cycle a
All eight indexes on our world watch list have posted gains for 2017 through November 27. The top performer thus far is Hong Kong’s Hang Seng with a gain of 34.93%, followed by India’s BSE SENSEX at 26.81%. In third
It was the strength of the Yen that took top discussion point today in Asia, or alternatively, the US Dollars weakness. Having shown early gains, the Nikkei tended to drift and was probably influenced by a much weaker China market.
“Consequences are unpitying.” George Eliot “Nemesis is long delayed sometimes, but it comes in the end.” Agatha Christie The sounds emanating from the markets and the news feeds can mean only one thing— a page in history is turning, and
