Last week I wrote, “The market looks like it just put in a near term low on Friday as the bulls showed up and defended the longer-term 200 DMA line.” That is exactly what happened as stocks soared last week
February 16, 2018
Real wages for production and nonsupervisory workers are up precisely one penny per hour from January of 2017. On Wednesday, the BLS announced Real Earnings for January 2018. All employees Real average hourly earnings for all employees decreased 0.2 percent from
The Consumer Price Index for Urban Consumers (CPI-U) released Friday puts the year-over-year inflation rate at 2.07%. It is substantially below the 3.76% average since the end of the Second World War and above its 10-year moving average, now at
JP Morgan launched a new fund, JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB – Free Report) , on Jan 30, 2018, focused on providing long exposure to emerging market bonds. Emerging market USD denominated bond funds offer great diversification
Junk bond ETFs have been suffering lately as investors in the United States have been escaping the high-risk segments of the domestic debt markets. Moreover, recent fund flows show the shift in sentiment among investors and how they are adapting
All clear! Or at least that appears to be the message from JPMorgan’s resident “Gandalf”, Marko Kolanovic. You’ll recall that just days prior to the market meltdown that ended up catalyzing what BofAML guesstimated was some $200 billion in forced
One of the hallmarks of volatility is massive up moves and what we saw this week was the largest up move in a week since 2011. 2011 just so happens to be the last time there was significant volatility in
Despite a tough week for stocks into Friday, February 9, three big picture macro indicators have continued to support a risk ‘on’ backdrop. Many of the shorter-term indicators we watch, like junk bond ratios and the Palladium/Gold ratio say the
As US oil production surges to record highs, surpassing Saudi Arabia, rig counts continues to rise (up 7 last week, up 5 of the last 6 weeks) suggesting more production is to come. The rising rig count continues to track
Bitcoin’s price topped $10,000 again but reversed course soon after, as price volatility continued early on Friday. Critics of cryptocurrency advise others to steer clear of them because of the extreme volatility, although proponents note that adding another asset class to their
