Ray Dalio founded the largest and most successful hedge fund in the world, Bridgewater Associates. Today Bridgewater manages $160 billion and has produced returns of $49.7 billion for its investors since its inception in 1975. Thanks to his firm’s impressive
September 29, 2018
The Bank of England held off on raising interest rates at its September meeting, citing the greater uncertainty about future developments in the European Union withdrawal process. The central bank’s staff reported that businesses were tightening cost controls and holding
Q3 2018 is now over. So far, the U.S. stock market’s price action has exhibited extreme strength. This is from yesterday’s market study. The S&P 500 has gone up 6 months in a row. This is bullish (historically). Look at the
Although FDR ended the use of gold in domestic circulation as currency in 1933, the US dollar remained on the gold standard until 1971. The international currency system was formalized by the Bretton Woods Conference in 1944. When Nixon arbitrarily shut
EUR/USD reached new highs only to fall sharply as Italy’s budget came to the forefront. The issues are far from being resolved. PMI data stands out in the first week of Q4. Here is an outlook for the highlights of this week
Each candle on the following three charts of the S&P 500 Index represents: a period of one month (Chart #1) a period of one quarter (Chart #2) a period of one year (Chart #3) Each of the last candles on all three timeframes closed higher than its prior time-period candle. The most notable
After a month of tense negotiations and with one day to go until the Sept. 30th deadline, the US and Canada are poised to announce a deal on NAFTA at the last minute, ending the impasse that has jeopardized $500
The outlook for global growth has been called into question in recent months as emerging markets bow under external pressures and developed economies engage in trade wars. On top of its already-enacted $250 billion tab, the US is weighing a
It’s time to separate fact from fiction when it comes to stock buy backs. With over $1 trillion in stock buy backs this year, the most since 2007, many traders don’t know the crucial buyback rules.
Note: This commentary has been updated to include Friday’s release of the August data for Real Personal Income Less Transfer Receipts. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific
