Craig Hemke joins me for another look at the bond market. We have been chatting a lot about the rollover in long-term yields but that is because it might be the telling sign of what is to come. With all
March 29, 2018
March was Tesla’s (TSLA) worst-performing month since its IPO in June 2010, as shown on the following monthly chart. The March candle closed just above a medium-term 50% Fibonacci retracement level and below a long-term -50% Andrew’s Pitchfork channel line. We may see price decline further to
If the 30yr interest rates continue to trade lower in the futures market, the yield curve will flatten because of the Federal Reserve raising of short-term interest rates. If the Fed continues to raise interest rates, and the /ZB continue
This year, up to now, JP Morgan has hoarded as many as 20.4 million ounces of silver in its COMEX warehouse: source: Simple Digressions Interestingly, the JPM warehouse has been reporting higher silver stocks since 2015 (no matter at what
I think we have a new short-term uptrend, although it seems fairly weak. The SPX equal-weight closed above the 5-day, and the number of new 52-week lows dropped way down into the harmless range. It is a qualified uptrend, though,
ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion. ECRI also released their coincident index this week. Analyst Opinion of the trends of the weekly leading indices This index is indicating modest growth six months
The GBP/USD is trading around $1.4050, the lowest in a week amid US Dollar strength. UK GDP came out as expected and the better Current Account figure is not enough to cheer the Pound. The break below uptrend support is
It was only fitting that the quarter should close in dramatic fashion for U.S. equities – fortunately for anyone who was ready to leap off a bridge after this week’s FANG turmoil, Thursday’s drama was of the “green” variety. Stocks
Top tickers for end of day: FB, AAPL, BAC.
Starbucks (SBUX ) is not participating in Thursday’s rally after an analyst at Wedbush lowered his rating on the stock to Neutral from Outperform. In a research note, Wedbush analyst Nick Setyan downgraded shares of the coffee retailer to Neutral
