Category Archive: Finance, No picture
Are The Metals Rising From The Grave?
Last night, we looked at the sardonic bull wearing a crown with 5 distinct warning signals. To review, the first one was certainly Semiconductors (SMH). Today, not only did SMH confirm the warning phase, it also broke the 200 DMA, hence, entered an unconfirmed distribution phase. Furthermore, should SMH’s price remain below 103.75 level by […]
These Numbers Could Push The Fed To Do Something Stupid
The Daily Treasury Statement data for the end of month August showed some improvement in total tax collections, including a slight uptick in withholding taxes and an even bigger increase in excise taxes. The numbers suggest that an early summer slowdown has ended. After the expected downward revisions in June and July jobs data, the […]
USD/JPY May Need To Test Key Moving Average Before Heading Higher
The USD/JPY is trading firmly in a consolidative range over the past few weeks. After having traded briefly below the key Y110 threshold in late August, the latest rally has been choppy and has stalled below Y112 numerous times now. This potentially highlights a 2-month falling trendline in both price-action and RSI, suggesting a re-test […]
Pipeline Investors Fight Climate Change
Energy infrastructure is behind the world’s biggest CO2 reductions. Video Length: 00:02:44
The Next Financial Crisis Is Right On Schedule (2019)
Neither small business nor the bottom 90% of households can afford this “best economy ever”. After 10 years of unprecedented goosing, some of the real economy is finally overheating: costs are heating up, unemployment is at historic lows, small business optimism is high, and so on–all classic indicators that the top of this cycle is in. […]
USD/CAD Drops Back Below 1.30 As NAFTA Optimism Abounds
What a difference a week makes! A little over a week ago, we noted that USD/CAD could continue to gain ground because “there had been little in the way of progress on a new NAFTA deal with negotiations entering ‘crunch time’ a mere 63 days until the US midterm elections” (see “USD/CAD’s Big Breakout Has Bulls Eyeing June’s […]
Fed’s Beige Book Shows Tariff Concerns, Agricultural Weakness, Price Pressures
The Beige Book word of the day is “tariff”. It was mentioned 37 times and not in a good sense. The Federal Reserve “Beige Book” is a compilation of economic activity produced by each of the Fed’s 12 districts. Despite the impressive-sounding name, there is typically not much in it that has not been reported […]
Millennials And The Labor Force: A Look At The Trends – Wednesday, Sept. 12
Millennials make up the largest percentage of our population today, yet have seen some of the lowest labor force participation growth and highest unemployment out of all age groups since the turn of the century. This has larger implications when coupled with slow wage growth, high home prices, and mounting student debt. The general consensus […]
It Feels Like 2007 All Over Again…
We turned on the news this morning… What we discovered was a very delighted young man, explaining why the economy is running red-hot. The number of new job offers, he said, is greater than the number of new job applicants. This hasn’t happened for 10 years. The number of people quitting jobs is also going […]
An Extreme To Consider In The Recent Job Data
After the recent job data last week where we saw wage growth start to accelerate there was another point that caught John Rubino’s attention. That is the fact the there are more job openings than individuals “in the job market” looking for a job. Besides this topic, we also look at the continued extreme positions […]
