Category Archive: Finance
US Equity Markets – Short Term Vs Long Term Charts Telling A Different Story
(Audio length 00:11:11) Doc is with me to discuss the moves in the US equity markets. The Dow is up almost 200 points on the back of some better than expected earnings and news that the House is going to vote on tax reform. Again more momentum chasing and optimism around tax reform is driving […]
October 2017 Headline Industrial Production Significantly Improved
The headlines say seasonally adjusted Industrial Production (IP) was up. The manufacturing segment of industrial production also improved. Analyst Opinion of Industrial Production There was significant upward revision to the existing data over the last 6 months – so even though the data was better than last month, it is even better when compared to […]
The Flames Went Higher
A few weeks ago I wrote “stock market breadth is much worse than this popular measure indicated” referring to the advance/decline line and how its strength masked technical erosion going on under the surface of the indexes. Since then breadth hasn’t improved. In fact, it’s gotten worse. The “Hindenburg Omen” was developed by Jim Miekka […]
US Wages: The Short-Term Mystery Resolved
The Great Recession ended more than eight years ago, in June 2009. The US unemployment rate declined slowly after that, but it has now been below 5.0% every month for more than two years, since September 2015. Thus, an ongoing mystery for the US economy is: Why haven’t wages started to rise more quickly as the […]
Deutsche: The Swings In The Market Are About To Get Bigger And Bigger
One week ago, on November 9 something snapped in the Nikkei, which in the span of just over an one hour (from 13:20 to 14:30) crashed more than 800 points (before closing almost unchanged) at the same something snapped in the Nikkei, that foreigners had just bought a record amount of Japanese stocks the previous month. As expected, numerous […]
Bitcoin’s Price Drop Not A Buying Opportunity
“Paul, what do you think of bitcoin?” If you read my ll, you know that I believe bitcoin is real. However, the current mania for it looks unsustainable. Now, bitcoin fans and owners are going to disagree with me. After all, how can you really argue with their success? On December 31, 2016, you could buy […]
Five Decades Of Middle-Class Wages: October 2017 Update
We’ve updated this series to include yesterday’s release of the Consumer Price Index as the deflator and the October monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $37,441, down 12.8% from 44 years ago. The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The government […]
Junk Bounce
Today’s buy-a-palooza is neatly represented by the surge in high-yield bonds, such as JNK: ……and the high-yield corporate fund HYG:
Bitcoin’s Success Is Excellent News For Gold
2017 isn’t over yet but one could say, without a doubt, it has been a good year for Bitcoin – from 1,000 dollars at the start of January to more than 7,000 dollars in November! All records have been broken and there is still a lot of room for it to progress, given the many […]
Nvidia The Guaranteed Way To Make Money In The Stock Market?
Have you heard of Nvidia (NVDA)? They are the jewel of the stock market right now and for good reason. The company is hitting on all cylinders. But when a stock price endlessly rises, investors get nervous thinking it will soon reach its peak and then trend lower. While this is a valid concern, it […]
