Does anyone really believe this is sustainable? Chart: Bloomberg The longer the ‘visible’ hand of stabilization maintains the mirage, the bigger the inevitable collapse. Simply put, anything that can end, will! And in this case, badly…
April 8, 2016
Biotech Rally Loses Momentum But Still Up for the Week IBB up 3.37 % , XBI up 5.04% , XLV up 0.77% this week. Investors took profits today despite all of the media focus and renewed excitement for the long-term
Well, I just can’t resist the “freeze” nonsense emanating from rumormongers and trading algos to squeeze shorts once again. It must be the 6th or 7th time this lame nonsense has hit the tape. Sure, today the rig count dropped
Precious metals expert Michael Ballanger discusses the tug-of-war going on between the Japanese yen and the U.S. dollar/Chinese yuan, and its effect on precious metals. The epic battle between the bears and bulls rages on with this completely annoying seesaw
From a global standpoint, the big news today was the rally in oil. with West Texas Intermediate Crude Futures up over 6% for the day. European equity index traded higher on oil price optimism with the Euro STOXX 50 gaining
You have to wonder whether there are any carbon units left in the casino. The robo traders and HFTs, of course, have an attention span of 10 milliseconds. So their utter lack of concern about context, fundamentals and history is readily explainable.
Away from the headlines about The Panama Papers, global financial markets turmoiled quietly this week with a surge in equity and FX volatility and banks suffering more death blows. However, something happened in Saudi Arabia’s banking system that was largely
Currency intervention schemes do not work. Period. Ask the Swiss National Bank. Ask the Bank of Japan. Any temporary results are bottled up to explode later (Switzerland), or simply proceed on their merry way with perhaps a slight delay like
Not to continue beating a dead horse, but I have a stick and the carcass is right in front of me. The entire supply chain inside the US economy is full agreement both on where the economy is right now
As oil prices look set to expand their almost 2-year rout, major energy companies are accelerating their dividend cuts and further chopping costs in an effort to shore up dwindling cash flows. However, it’s not only the smaller, more-leveraged exploration
