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T2108 Update – A Bullish S&P 500 Breakout Meets A Bearish VIX Breakdown

T2108 Update – A Bullish S&P 500 Breakout Meets A Bearish VIX Breakdown

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on […]
The Global Economy’s Best Leading Indicator Forecasts A Downturn

The Global Economy’s Best Leading Indicator Forecasts A Downturn

If you want to know what is happening to the global economy, the chemical industry will provide the answers. It has an excellent correlation with IMF data, and also benefits from the fact it has no “political bias”. It simply tells us what is happening in real-time in the world’s 3rd largest industry. The chart above […]
Chief Trump advisor set for $100m windfall

Chief Trump advisor set for $100m windfall

Wall Street stalwart Goldman Sachs is set to pay an $100m exit package to Gary Cohn, its former President and COO. In December, Cohn announced he would be leaving his position at the bank in order to take over as President Trump’s chief economic advisor. Over the course of Cohn’s 25-year career at Goldman, the […]
Trump backs out of Trans Pacific Partnership

Trump backs out of Trans Pacific Partnership

On January 23, newly appointed US President Donald Trump signed an executive order to scrap the Trans Pacific Partnership (TPP), bringing an end to the US’ long held commitment to free trade. By terminating the pact, Trump is making good on his ‘America First’ campaign, through which he vowed to block multilateral trade agreements in […]
China targets loopholes in capital controls

China targets loopholes in capital controls

New capital controls have been implemented in China, marking the latest in a series of efforts by Chinese authorities to support the country’s struggling currency, which fell 6.5 percent against the dollar in 2016. The currency has been gradually falling against the dollar since August 2015, when the Chinese central bank allowed the markets to […]
Trump vows to begin NAFTA renegotiations

Trump vows to begin NAFTA renegotiations

Donald Trump’s incoming administration is to start renegotiating the North American Free Trade Agreement (NAFTA) with Mexico and Canada in a series of upcoming meetings. Trump first pledged to overhaul the trade pact during his presidential campaign, vowing to provide more favourable terms for the US and address trade deficits with Mexico and Canada. Speaking […]
OECD: drug prices are tough pill to swallow

OECD: drug prices are tough pill to swallow

With the pharmaceutical industry under substantial political and public scrutiny, many drug makers are finding themselves forced to justify their pricing methods. The Organisation for Economic Co-operation and Development (OECD) has now added to the debate, releasing a new report criticising the value for money offered by many new drugs. In the New Health Technologies: […]
Luxottica and Essilor see eye-to-eye in merger

Luxottica and Essilor see eye-to-eye in merger

On January 16, French lens producer Essilor announced it will merge with Ray-Ban designer, Luxottica, in a deal worth €50bn ($53bn) – creating a powerhouse in the global eyewear market. [The merger could] substantially shake up the international eyewear industry… with the combined company operat[ing] in over 150 countries Leonardo Del Vecchio, Chairman of Delfin and […]
Spanish inflation reaches three-year high

Spanish inflation reaches three-year high

According to data released by Spain’s Office of National Statistics on January 13, Spanish inflation jumped to a three-year high in December 2016. The annual change in the consumer price index reached 1.6 percent in December, up 0.9 percent from the previous month. Meanwhile, the annual change in the Harmonised Index of Consumer Prices hit […]