Another Downshift Expected For US GDP Growth In Q4

Another Downshift Expected For US GDP Growth In Q4

Economic activity for the US appears headed for a second quarterly slowdown in the final three months of this year. The projection is based on a set of nowcasts compiled by The Capital Spectator. The current median estimate: a 2.7% increase in real growth (seasonally adjusted annual rate), which is slightly below the previous outlook published in […]
E
                                                
                        Tie-Breaker

E Tie-Breaker

Another day, another set of political headlines dominating trading with the surprise result that ongoing US/China trade tensions hasn’t fully derailed yesterday’s gains. Oil consolidates, USD bid, but Copper leads commodity pain trade and adds to global slowdown fears. There is no doubt that its politics first, economics second so far. The key will be the […]
Market Shrugs Off Latest US Tariff Provocation

Market Shrugs Off Latest US Tariff Provocation

Overview: The global capital markets have taken the US latest tariff threats in stride. Most of the Asian equity markets advanced, including Japan, Korea, Taiwan, India, and Australia. China and Hong Kong were exceptions with marginal losses. European markets are trying to extend their recovery for a third session, but the industry performance is mixed with […]
USD/CAD: Waiting For The Breakout

USD/CAD: Waiting For The Breakout

The title says it all – we are really waiting for a breakout. We assume that it will not be a typical breakout, but one that will bring a proper sell signal. What we are having here is a bearish Head and Shoulders pattern (blue), which has been here since the 9th of November. The […]
Natural Gas Waits For Trump-Xi Meeting

Natural Gas Waits For Trump-Xi Meeting

Natural gas has been having a great year. Its price has risen by more than 50% this year as demand rises. In the United States, the total demand for the commodity is up 14% y-o-y to 96.4 bcf per day. At the same time, the supply too is up by 12.0% y-o-y to 95.3 bcf […]
US-China Headline Confusion Sparks Overnight Market Turmoil

US-China Headline Confusion Sparks Overnight Market Turmoil

Demonstrating how on edge the market is over any favorable (and vice versa) developments in the ongoing US-China trade war, a couple of conflicting headlines out of China shortly before 3am ET sparked turmoil across asset classes.  Just a few hours after Trump’s interview with the WSJ, in which the president signaled that he would […]
Buy Low Sell High

Buy Low Sell High

There are four magic words that are the only way to make money in the financial markets. Buy low, sell high. Unfortunately, many investors especially those who are new in the market have a tendency to enter when markets are ‘hot’ and exit when they’re not. That said, there’s been a lot of chatter lately about how […]
GM Restructuring News Not A Sign Of A Slowing Economy

GM Restructuring News Not A Sign Of A Slowing Economy

Yesterday General Motors (GM) announced a restructuring that will cut 14,000 positions and the possibility of closing five auto manufacturing plants. Some headlines attributed the restructuring to an economy that may be slowing. However, when one reviews the data that comprise new sales of automobiles and light trucks, the exact opposite conclusion is drawn. A divergence has […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, Nov. 27

WTI Crude Oil And Natural Gas Forecast – Tuesday, Nov. 27

WTI Crude Oil The WTI Crude Oil market initially fell a bit during the trading session on Monday but found enough support at the $50 level to turn around and show signs of life again. The market is oversold, so this bounce was probably expected as it is at such a large round figure. I […]
Apple And Amazon May Not Be The Biggest Stocks In 10 Years Time

Apple And Amazon May Not Be The Biggest Stocks In 10 Years Time

Apple and Amazon have been the market darlings for the last few years during this unprecedented bull market rally, but they are starting to lose some of that lustre. In yesterday’s post, I talked about how timing is everything when I looked at a trade where my thesis was correct, but my timing was slightly off. Today […]