Crippling concerns proliferate but have not crushed this market’s rather tenacious ability to maintain its reliance in the face of uncertainty. One real irony is that despite the geopolitical concerns and even peaking ‘confidence’ among consumers and investors, you don’t
October 15, 2017
This week the Dow Jones made two new all-time highs, the 64th and 65th of the past year. And as we’ve come to expect in the current advance, there’s no indication of a market correction, however tiny that may be,
We are approaching the full count from the 2500 re-accumulation level, but it is likely that we will get there through a series of fits and starts and not directly. This will be dictated by the very nature of the
In the Currency Strength table, the AUD was the strongest currency while the CHF was the weakest. There were some significant changes last week with the AUD gaining 5 points, the GBP gaining 4 points, the NZD gaining 3 points, the USD
At this point, I’m not really sure what counts as a “blowoff” top. That term has been bandied about recently, and there are plenty of folks who will tell you they can define it, but that’s silly. It’s a Trump-ish superlative
The US dollar pulled back last week after having registered 4 straight weeks of gains, amid the first weekly fall in US Treasury yields in over a month. The latest Commitment of Traders (COT) report highlighted the 3rd straight weekly
The Shale Revolution is a powerful recent example of why America’s system of capitalism is so enduring. We’re not just leaders in shale oil and gas, the U.S. is pretty much the only game in town. One day it will
Fundamental Australian Dollar Forecast: Neutral The Australian Dollar had plentiful supportive news last week Inflation expectations, consumer spending and an official financial review all underlined the bull case It may not get much more this week, but should still hold up The Australian
In spite of about a month’s worth of strength, Amazon’s long-term bearish pattern still remains intact. Their earnings come out after the close on October 26th, so unless we’ve broken above the $1017 horizontal, there’s still an opportunity for a major
EM FX closed the week on a firm note, as softer than expected US CPI data weighed on the dollar. We continue to believe that investors are underestimating the Fed’s tightening potential. Meanwhile, idiosyncratic political risk remains high for MXN,
