Technicals are pretty much a disaster for all the sectors. Except for Staples and Utilities, which are actually on the up and up, but that is to be expected when the street is looking for safe havens for its capital.
October 25, 2018
The manufacturing renaissance at the base of this supposed US economic is disappearing. It is unsurprising, quite predictable actually. First, there was the cleanup from last year’s major storms and then frontrunning potential trade restrictions. Manufacturers domestically were gearing up
AUD/USD clings to the monthly range ahead of key data prints coming out of the U.S. and Australia, but the diverging paths for monetary policy continues to cast a long-term bearish outlook for the exchange rate as both price and the
Today’s headline durable goods number looks good. The details are another matter. The Census Bureau’s Durable Goods Report show orders rose 0.8%. The good news pretty much stops there. Low Lights Excluding transportation, new orders rose 0.1 percent. Excluding defense, new orders
Volatility continues in the natural gas market with prices bouncing all around within a rather narrow range through the day today. Prices initially saw strength again from strong physical prices, then quickly sold off but reversed on a bearish EIA
Data Courtesy of Trade Alert
The spokesmodels, cheerleaders, and stock pimps were all smiles today as the equity indices were bouncing back hard. But alas, after the bell both Amazon and Alphabet, the behemoth formerly known as Google, shit the bed on their financial results,
After two days of dramatic volatility in its stock, which saw the share price of Amazon first drop then soar by over $100, Jeff Bezos’ online retailing titan was expected to report blow out earnings, and while it indeed reported
Smug Central Planners Looking back at the past decade, it would be easy to conclude that central planners have good reason to be smug. After all, the Earth is still turning. The “GFC” did not sink us, instead, we were
As a crypto investor, you’ve undoubtedly stumbled upon Bitcoin lending platform ads. These platforms come in all different sizes and each with different procedures. Bitcoin lending first gained popularity in 2017 as the crypto market skyrocketed to new heights. The hype
