Every year, more than 2,000 of the world’s wealthiest and best-connected individuals converge on the tiny mountain resort of Davos to discuss, debate and hopefully resolve some of the most important issues facing our planet. In January 2018, the World
January 16, 2018
U.S. Dollar weakness has priced-in with a vengeance over the past week. It was just last Tuesday that we were looking at the Greenback moving up to test a key area of resistance around 92.60, which was the December swing-low
Despite crisis talks with government over the weekend, a major UK-based construction concern, Carrilion, has ceased trading with outstanding debts estimated to be £1.5 billion. The company is the second largest UK-based construction company with 20000 UK employees and a
The Empire State Manufacturing Survey insignificantly declined but remains strongly in expansion. It was at expectations. Important internals were positive. Analyst Opinion of Empire State Manufacturing Survey I am not a fan of surveys – and this survey jumps around
Merck & Co (NYSE: MRK) On Tuesday before the market opened, shares of Merck & Co ($MRK) were gapping up on news of positive results from their lung cancer trial. Merck’s lung cancer treatment, Ketruda, performed better than expected in
The year 2017 was a blockbuster for investors as all the three major indices indicating the health of the U.S. market closed at record levels. An improved economic data for GDP, steady job additions, a favorable Consumer Confidence Index, as
The Commodity Futures Trading Commission has released the latest CoT report. What can we learn from it about the gold market? Light and Darkness in the Gold Market The epic battle between good and evil. The conflict between light and
“Did you hear the news that was driving the markets to new records this morning? No? Yeah, me either. But such is the nature of a speculative driven frenzy.” Since the markets were closed yesterday, there is nothing to update
As stocks surge to record-er-est highs, so bond yields and the yield curve are collapsing further… Buy all the things… So much for that ‘tantrum’… 10Y Bund yields are tumbling… Treasury yields are erasing the tantrum spike too…
Dow 26,000? Really??? That’s right, the Dow blasted 1% higher this morning to hit 26,000 and the S&P 500 hit 2,800 and the Nasdaq 100 hit 6,800 and the Russell hit 1,600 all record highs ahead of the Government shut-down
