Archives by Month:

Archives by Year:

What Next For The USD/SEK Pair As Swedes Go To An Election?

What Next For The USD/SEK Pair As Swedes Go To An Election?

Sweden is one of the most developed countries in the European Union. The country has a population of 9 million people, a GDP of $511 billion and a GDP per capita of $52,000. In January 2017, the country recorded an annualized GDP growth rate of 1.8%. Since then, this has been growing and is currently […]
Chicago PMI Eases In August

Chicago PMI Eases In August

The Chicago Business Barometer, also known as the Chicago Purchasing Manager’s Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator of the larger US economy. It is a composite diffusion indicator, made up of production, new orders, order backlogs, employment, and supplier […]
The Fed Is Way Behind The Curve

The Fed Is Way Behind The Curve

The inflationary move we predicted is now well underway. There are numerous inflation measures but the one the Fed primarily focuses on is the Personal Consumption Expenditures Deflator, or PCE Deflator. That metric hit 2.3% year over year in July. Well above the Fed’s 2% inflation target. That chart is in a STRONG uptrend. The […]
Oh What A Friend We Have In G-Sus

Oh What A Friend We Have In G-Sus

In case there are one or two naive souls out there who don’t think the equity markets are completely controlled by the central bankers, look no farther than precious metals. They have been in a full-on bear market for seven years. Seven. YEARS. What’s the longest equities have been allowed to fall in the past […]
Italian Bond Yields Are Blowing Up Again

Italian Bond Yields Are Blowing Up Again

For the second day in a row, the “weakest link” among G-10 bond markets, Italy, is getting hit hard, with the 10Y Italy government bond sliding, sending its yield to session highs of 3.24%, which also is above the highest yield hit during the May mini-crisis, is now the highest going back to 2014. “Lo […]
Could Oil “Super-Spike” Above $150?

Could Oil “Super-Spike” Above $150?

Falling investment in new sources of oil supply are creating the conditions for much higher prices in the years ahead. Video Length: 00:02:42
How Emerging Market Stress Can Impact Major Markets

How Emerging Market Stress Can Impact Major Markets

Craig Hemke joins me today to recap some of the weakness we have been seeing in emerging markets. With the US Dollar continuing to hold at generally higher levels, emerging markets have been sold down. This sell-off has a contagion impact on a wide range of countries and sectors. Audio Length: 00:12:22
Bitcoin Bulls Have Some Reasons To Be Cheerful

Bitcoin Bulls Have Some Reasons To Be Cheerful

The BTC/USD enjoyed a third consecutive week of quiet gains. The beginning of September should see more volatility. The technical picture looks more bullish after the 50-SMA breach The price of Bitcoin continued its quiet march to the upside, with the BTC/USD surpassing the round $7,000 level. The last week of August featured no extraordinary news to […]
Weekend Reading: Are Emerging Markets Sending A Signal

Weekend Reading: Are Emerging Markets Sending A Signal

I have been, and remain, bearish on emerging markets for three reasons: As discussed yesterday, the U.S. is closer to the next economic downturn than not. When the U.S. enters a recession, emerging markets are hurt considerably more given their dependence on the U.S.  International risks in countries like Turkey, Greece, Spain, France, Italy, etc.  A strong […]
Bitcoin Daily Forecast – Friday, August 31

Bitcoin Daily Forecast – Friday, August 31

BTC/USD Bitcoin markets drifted lower during the trading session on Thursday, losing 2.5% by the time I sat down at my desk. We have broken through the bottom of the hammer from the previous session, changing it into a “hanging man.” That, of course, is a negative sign, but quite frankly we know that there […]