Finally, we have a story that makes retaliatory sense vs. the widely believed “nuclear” treasury dumping theory. The widely-circulated “nuclear” theory suggests China would dump US treasuries in a trade war with the US. That theory never made any sense.
April 9, 2018
Wells Fargo is struggling to re-enter its long-term upward-trending Andrew’s Pitchfork channel, as shown on the following monthly chart of WFC. The momentum indicator has fallen below the zero level on this timeframe and has formed a lower swing low…hinting of further weakness ahead. And, as
After being mostly absent in 2017, volatility has made a comeback. The S&P 500 Index closed down for the first three months of 2018—the first time it’s done so in 10 quarters. It also had its worst start to April
For today’s bulletin, we take a look at Shake Shack Inc. (SHAK). Shake Shack is engaged in owning and operating restaurants. The company offers burgers, hot dogs, frozen custard, crinkle cut fries, beer and wine. It operates primarily in New York,
Earnings season kicks off this week as the first of the major companies start to report Q1 numbers. Most of the big names reporting are Financials like Blackrock (BLK) on Thursday after the close, and then Citigroup (C), JP Morgan
SLV, along with the precious metals stocks, have been underperforming gold in a pretty significant way. Normally you would like to see the precious metals stocks outperforming gold on the front end of a bull market similar to what we
The U.S. stock market witnessed wild swings last week buoyed by escalating trade tensions between the United States and China following the new rounds of sanction threats. All the major indices once again are in the red from a year-to-date
These should be good days for Japan’s Prime Minister Abe. After being punished in local elections, Abe recovered to push back a challenge by his former defense minister and now governor of Tokyo. He reappointed Kuroda at the helm of the
The stock market was trading at an all-time high valuation of 150% of GDP this January. That was indeed the bell rung at the very top. Stocks have since started to roll over, but valuations are still at 140% of
A standard chart that we use to help confirm the overall market trend is the Momentum Factor ETF (MTUM) chart. Momentum Factor ETF is an investment that seeks to track the investment results of an index composed of U.S. large-
