Last week, we discussed we discussed the massive 3-standard deviation above the 50-MONTH moving average which is something rarely seen through history. “That extension, combined with extreme overbought conditions multiple levels, has historically not been met with the most optimistic of outcomes. Importantly, such
January 13, 2018
Hua Medicine of Shanghai expects to spend $200 million over the next three years on its novel oral diabetes 2 treatment, dorzagliatin (see story). The company will raise additional capital for the effort and then IPO, possibly in Hong Kong or the US. The
In May 2011 crude oil (WTI) hit $113 per barrel and remained elevated at or near that level until the summer of 2014. Given the high price of crude and the expansion of fracking at that time, crude supply continued
Jeff Bezos’s message to Amazon executives has been clear: Do whatever it takes and don’t worry about the cost. The Seattle-based giant has invested billions of dollars to woo consumers in India, China and other countries in Asia and Europe.
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of January 15 January 16 NY Fed Manufacturing Index – January 19 18 18
VIX consolidated for a sixth week beneath Long-term resistance while making a double right shoulder to match the double left shoulder of a potential Head & Shoulders formation. It closed above Intermediate-term support at 10.02 but it may take a
The biggest profits for investors are made once they get in a new bull market in its early stage. The challenge, in doing so, is that investors can be too early so that they either have to wait too long
I’’m changing my presentation of JOLTS data somewhat compared with the last year or two. At this point I’ve pretty much beaten the dead horses of (1) “job openings” are soft and unreliable data, and should be ignored in contrast
Fundamental Australian Dollar Forecast: Bullish The Australian Dollar market can look forward to two key data points this week Domestic labour-market stats are coming up, as is news of inflation expectations AUD/USD could rise further on both The Australian Dollar moved modestly higher last
