After a slightly nervous start to the Asian trading day all core equity markets made solid gains of between 1 and 2%. A slight comfort was assumed in China after PBOC Governor Zhou claimed the renimbi is balanced but then
February 22, 2016
With about every major leading economic indicator in a tailspin, it’s easy, even obvious, to be bearish about China. But, one sign of economic activity could hardly seem more robust: the crowds and cash at gambling tables during this year’s
What if investors had a way to determine the extent of “stress” in the financial system? And what if those stress levels could tell investors whether or not riskier assets (e.g., stocks, higher-yielding debt, etc.) can succeed without definitive U.S. Federal
Brexit fears had the British pound on the ropes, with the US dollar index rising commensurately. Gold and silver were hit in the lightly traded overnight Globex trading, and showed some weakness most of the day. Wednesday the 24th is
If you’re a U.S. investor, there are at least two biases that feature prominently in your portfolio: 1) Home bias: the tendency for individuals and institutions in most countries to hold only modest amounts of foreign equity. 2) Recency bias:
For whatever reason, aluminum companies have been massively on the ascent. However,they are approaching important gaps that I think should cap their rise.
Operating under the mistaken belief that a modest dose of inflation is either a prerequisite for, or a by-product of, economic growth, the nation’s top economists have been assuring us for quite some time that inflation will stay very low
US Economy Stalled Real-time tax data indicates the U.S. economy stalled out last Autumn and has now gone negative. Income tax withholdings are down 0.2% year-over-year in real terms in the past four week. The trends indicate recession if they
Stocks had a nice bounce rally today on renewed enthusiasm for risk. Gamble, gamble. Have a pleasant evening.
It’s a gappy looking rise on the W’s right side Here comes the momo, folks. SPX’s middle ‘W’ point was 1947 and that is today’s high so far. It is interim resistance (including the EMA and SMA 50’s). We have
