Many people have contempt for economists. It is remarkable they don’t have more. Economists can’t even agree on answers to the most basic questions, like is an economy suffering from too little demand or too much demand. If that sounds
February 27, 2016
Si In last week’s missives, I discussed the potential for an oversold, short-covering bounce which was to be used to further rebalance portfolios and reduce equity risk. The target zone was 1940 to allow for the completion of the “risk reduction” process. “That rally could take
NEW YORK, Feb. 24, 2016 (GLOBE NEWSWIRE) — At the end of the settlement date of February 12, 2016, short interest in 2,300 Nasdaq Global MarketSM securities totaled 8,298,190,416 shares compared with 8,204,510,918 shares in 2,297 Global Market issues reported for the prior settlement date
An interesting fact has hit the newswires earlier this week, as the Dutch Central Bank confirmed it was looking to (temporarily?) move its gold reserves to another secure location. The DNB claims it has to renovate its vaults and thus needs to
Markets have struggled to find any sort of clear direction in February after posting deep losses to begin 2016. A recent rebound in crude has helped the market stabilize over the past two weeks. However, myriad worries continue to spike
Last week we noted that the odds favored more upside in precious metals before a larger correction would begin. While that view remains on track, we want to note the renewed strength in the US Dollar which could provide immediate
The position adjustment among speculators in the currency futures market were minor in the reporting week that ended February 23. There was only one gross adjustment we regard as significant (more than 10k contracts). The Mexican officials sprung a bear trap
Evident from the below chart of the S&P 500 Index and the Dow Jones Industrial Average, the start to 2016 has been a difficult one for investors. January saw a sharp decline in the equity markets; however, the month of
The effects of a strong dollar the last 3 years can be seen quite dramatically in the Grain space – to the tune of 20 plus percent. People haven`t stopped eating, and there are more and more people on this
Throughout my career, I have been faced with the dumbest smart people. Many times the deeper one looks at something – the more complex the analysis – the obvious is missed. On 16 December 2015, the Federal Reserve raised the
