President Trump’s opponents may not like his philandering past and midnight tweets but on the economy, only cynics can argue with the results. The economy accomplished 4.2 percent growth in the second quarter and appears headed for an overall score
September 1, 2018
Before my vacation I had noted three indices to watch undergoing support tests: Semiconductors, Nasdaq and Dow Jones Industrial Average had all presented buying opportunities. However, I had also thought these rallies would stall out when they got back to resistance –
This has been an exceptionally strong summer for the U.S. stock market. The S&P is now up 5 months in a row, which makes forward returns very bullish (see study). We can look at this from another angle. The S&P
My core measures of market quality have gone positive again. My measures of market trend and strength are lagging. As I mentioned a few weeks ago, this suggests a somewhat choppy market ahead (although I was completely wrong on the chop keeping
Analysts claim the bitcoin hash rate leads price. Let’s investigate. Price Follows Hash Rate? Claim Max and I agree on some things and disagree on others. Place that Hash Rate Tweet into our bucket of disagreements as the following chart clearly demonstrates.?
Two months ago, in our ongoing chronicle of the pain suffered by David Einhorn’s Greenlight Capital, we reported that based on interim monthly numbers, the fund had lost a massive 8% in the month of June, bringing his – and
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of September 3 September 4 PMI Manufacturing Index – August 54.3 54.5 54.5
Dollar/CAD dropped sharply on the deal between the US and Canada and also the weakness of the US Dollar. Will the trend continue? Canada’s jobs report stands out. Here are the highlights and an updated technical analysis for USD/CAD. The US
Last week, we discussed the breakout to all-time highs: “Get out your party hats ladies and gentlemen, the market closed at all-time highs on Friday finally eclipsing the January peak. After 145 days of slogging, the ‘bull market is
