E Market Briefing For Friday, Sept. 8
Financial markets are holding together. The news today about the EU exempting Ireland or at least considering that it should be considered as an EU ‘special situation island’ is encouraging. The ECB separately did not move interest rates. I also monitored chatter about the role of Germany dominating the EU’s decisions; and the views are […]
Apocalypse Now
Everywhere you turn natural disasters and threats of more to come make it feel like the end of the world. Not only do we have to deal with three major hurricanes Irma, Jose and Katia in the Atlantic, now a massive earthquake in Mexico overnight has caused death and destruction. There is also rising nuclear […]
S&P 500 And Nasdaq 100 Forecast – Friday, Sept. 8
The S&P 500 went back and forth during the session on Thursday as we continue to grind overall. The 2450 level underneath continues to be supportive, and at this point, we are acting in reaction to the hammer from the Tuesday session. Ultimately, the market should go higher, perhaps trying to reach towards the 2500 […]
Weekly Commodities Wrap: The Sell-Off In Iron Continues
After a strong start to the week, printing further fresh 2017 highs, copper fell back over the latter part of the week as concerns around China fueled profit taking. Driving the rally over the first half of the week was a report from the top global copper producer, Codelco, noting that its H1 production fell […]
Natural Gas Prices Decline On Irma Certainty
October contract natural gas prices are now off 1.8% on the day as the market expects significant demand destruction over the weekend from Hurricane Irma. We are now more than 10 cents off the highs from yesterday, too, as prices started the day slightly higher yesterday before reversing lower. While they were sitting near their […]
Great Dividend Stocks For Retirement
What do we want? Income! When do we want it? Now! And quarterly, on a perpetual, tax-advantaged basis, please. You can find a surprising number of high-yielding stocks out there. Plenty sport double-digit yields, even. And it can be tempting to buy in. Unfortunately, most of these are going to be in the too-good-to-be-true category (dividends […]
The (Investing) World According To Geoffrey Caveney
The best call financial writer Geoffrey Caveney ever made was in December 2015. Gold hit a multiyear low of $1,050 an ounce, and he was convinced that the metal had found a bottom. It was time to make a trade, he thought, not just in bullion but precious metal miners, specifically the juniors and some […]
GBP Rallies Ahead Of U.K. Inflation, BoE; USD/JPY Breaks The Range
Talking Points: – Next week brings an interesting economic calendar, with the highlights of U.K. inflation on Tuesday and Central Bank rate decisions out of Switzerland and the U.K. on Thursday. – Dollar weakness remains a dominant theme, but perhaps more surprising is the recent run of strength in the British Pound. Are we seeing […]
The Real Reason Wages Have Stagnated: Our Economy Is Optimized For Financialization
The Achilles Heel of our socio-economic system is the secular stagnation of earned income, i.e. wages and salaries. Stagnating wages undermine every aspect of our economy: consumption, credit, taxation and perhaps most importantly, the unspoken social contract that the benefits of productivity and increasing wealth will be distributed widely, if not fairly. This chart shows that labor’s declining […]
Weekend Reading: The “Real” Vampire Squid
First, it was Hurricane “Harvey” and an expected $180 billion in damages to the Texas coastline. Now, “Irma” is speeding her way to the Florida coastline dragging “Jose” in her wake. Those two hurricanes, depending on where they land will send damages higher by another $100 billion or more in the weeks ahead. The immediate funding needed for relief to Americans […]
