Give China A Holiday?
If it sounds like the United States is divided and on the verge of some really nasty times, what must it be like in Brazil? In early September, Presidential candidate Jair Messias Bolsonaro was stabbed in plain sight at a campaign rally, the attack caught on video and widely circulated worldwide. It was an ugly […]

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“We’re In Uncharted Territory”: In Historic Milestone, Leveraged Loan Market Overtakes Junk Bonds
At the start of the month, we highlighted that the “incredibly shrinking junk bond spread” had just passed a historic landmark, when the Bloomberg Barclays U.S. Corporate High Yield index broke below the lowest spread since before the financial crisis, dipping to 309bps, the tightest level since late 2007. The key reason for this relentless demand for “junk […]

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The Most Dangerous Setup
By necessity, today’s topic will venture into the world of politics, so I warn you now – you might be offended. Actually, I have decided to cut jabs at all politicians, so if you feel like your team has been maligned, just read on, I will probably be even worse to the other side. I […]

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Market Talk – Thursday, Oct. 18
A weak session for much of core Asia, with almost all markets falling from the opening. Sadly, it is China that leads the way down again. Many are speculating that it is in relation to the FED Minutes and their continued appetite to raise rates which pressures all currencies favoring the USD. The Shanghai index […]

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‘Bear Flags’ Take Shape In Indices
Since the last update indices got their bounce but the last couple of days have seen these gains gradually erased. Over the course of the week, the entire bounce has the look ‘bear flags’ as part of larger measured moves lower. Should this emerge then indices will be close to offering the long-term ‘buy’ signals I track […]

Read more

Give China A Holiday?

Give China A Holiday?

If it sounds like the United States is divided and on the verge of some really nasty times, what must it be like in Brazil? In early September, Presidential candidate Jair Messias Bolsonaro was stabbed in plain sight at a campaign rally, the attack caught on video and widely circulated worldwide. It was an ugly […]
“We’re In Uncharted Territory”: In Historic Milestone, Leveraged Loan Market Overtakes Junk Bonds

“We’re In Uncharted Territory”: In Historic Milestone, Leveraged Loan Market Overtakes Junk Bonds

At the start of the month, we highlighted that the “incredibly shrinking junk bond spread” had just passed a historic landmark, when the Bloomberg Barclays U.S. Corporate High Yield index broke below the lowest spread since before the financial crisis, dipping to 309bps, the tightest level since late 2007. The key reason for this relentless demand for “junk […]
The Most Dangerous Setup

The Most Dangerous Setup

By necessity, today’s topic will venture into the world of politics, so I warn you now – you might be offended. Actually, I have decided to cut jabs at all politicians, so if you feel like your team has been maligned, just read on, I will probably be even worse to the other side. I […]
Market Talk – Thursday, Oct. 18

Market Talk – Thursday, Oct. 18

A weak session for much of core Asia, with almost all markets falling from the opening. Sadly, it is China that leads the way down again. Many are speculating that it is in relation to the FED Minutes and their continued appetite to raise rates which pressures all currencies favoring the USD. The Shanghai index […]
‘Bear Flags’ Take Shape In Indices

‘Bear Flags’ Take Shape In Indices

Since the last update indices got their bounce but the last couple of days have seen these gains gradually erased. Over the course of the week, the entire bounce has the look ‘bear flags’ as part of larger measured moves lower. Should this emerge then indices will be close to offering the long-term ‘buy’ signals I track […]
Stocks And Precious Metals Charts – Angels Of Death

Stocks And Precious Metals Charts – Angels Of Death

Stocks were weak today. Global jitters and weaker than expected results from real economy companies shook bully’s swaggering confidence. Gold and silver tried to rally, and gold managed to hold a bit of a gain, as the US Dollar gained ground higher. Today was an absolutely beautiful autumn day here in the northeast. Have a […]
Real Tumbles After Brazil’s Central Bank Head Said To Quit By Year End

Real Tumbles After Brazil’s Central Bank Head Said To Quit By Year End

What was already an ugly day for emerging markets, turned even uglier for Brazil when Bloomberg reported that the head of Brazil’s central bank, Ilan Goldfajn, was preparing to leave the central bank by year-end. There was no reason cited for the departure of the relatively new central bank head, who was appointed to his […]
Hot Options Report For End Of Day – Thursday, Oct. 18

Hot Options Report For End Of Day – Thursday, Oct. 18

Data Courtesy of Trade Alert 
“Glut” Or “Seasonal Build” ?

“Glut” Or “Seasonal Build” ?

Davidson” submits: Suddenly the headlines seem to have turned to ‘oil over-supply’ when just 4wks ago they implied ‘short-supply’ vs demand. The data reflects the seasonal fall slow-down in refining to change to winter fuel catalysts while imports continue to come in giving us a short period of inventory build till refineries restart. Inventory builds […]
Stock Market Echoes Of 2016 Election

Stock Market Echoes Of 2016 Election

October correction phase will continue until election day and beyond should Trump lose control of Congress to his rivals with echoes of the 2016 election uncertainty saga.  On 09-28-18, three days prior to the record stock market peak on October 3rd, our newsletter warned of an October correction parallel to 2016. The common characteristic being […]