The biotech sector hit a wall after breaking through to new highs last week. The major news that sparked profit taking on Tuesday was that Amazon, Berkshire Hathaway and J.P.Morgan formed a consortium to address rising healthcare costs by trying to disrupt the
February 1, 2018
We have been subjected to a lot of analysis about the yield curve flattening, especially as the short end moved up dramatically in January. As Mish Shedlock put it in a recent blog[1], it all depends on one’s perspective as
So far, the sell-off has been relatively orderly with a mix of accumulation and distribution. Barring initial breakdowns from acute channels there hasn’t been any acceleration in the downward moves. The first index to offer itself as a bounce opportunity is
Sure, I am the guy with indicators called the 3 Amigos and in the future, the 4 Horsemen. I am the guy who for 17+ years has been making up catch phrases for indicators and market backdrops alike (ex. 30yr T bond Continuum,
Gold caught a bit of a bid today on Dollar weakness. Silver finished a bit lower. Stocks were mixed with tech showing weakness on results that have been a bit disappointing given the hype for their growth. Bucking that trend
It looks like neither Alphabet/Google nor Apple will hit $1 trillion in market cap after today’s earnings, with the former sliding – as noted previously – after it missed on earnings and TAC, while Apple reported Q1 results which missed on number
Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? At this point, almost nine years later, the S&P 500 has set a series of inflation-adjusted record highs based on monthly
Craig Hemke joins me today to share his thoughts on the continued downtrend in the USD and how the Fed statement impacts the markets. If the downtrend for the dollar is going to be a long-term trend then we should
The blockchain has discovered gold (or gold has discovered the blockchain). Either way, this means several things. First, the decades-long dream of a gold-backed cybercurrency may finally be realized. Second, gold and probably silver are looking at a big new
The U.S. Government is in serious trouble when interest rates rise. As interest rates rise, so will the amount of money the U.S. Government will have to pay out to service its rapidly rising debt. Unfortunately, interest rates don’t have
