Gold Rises Ahead Of U.S. Inflation Data
Gold prices ended Thursday slightly higher after a quiet session. XAU/USD reached the $1298-$1296 area as expected but was unable to break through. Consequently, prices retreated to Ichimoku cloud on the 4-hour chart before finding support. It seems that the market intend to retest the resistance in the $1298-$1296 zone again today. XAU/USD is trading […]
Amazon Musings…
Will Amazon (AMZN) follow in the (recently fateful) footsteps of Equifax (EFX)? Note the similarities in their price action over the past five years (until EFX began its plunge on September 8)…
Sensex Opens Firm; Bharti Airtel & Tata Teleservices Rally On Merger Buzz
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.23% while the Hang Seng is up 0.13%. The Shanghai Composite is trading up by 0.12%. US stocks closed lower on Thursday as Wall Street digested earnings from some of the top financial companies. Back home, share markets in India have opened the […]
Changing Channels
I’m having a scintillating evening at Armadillo Willy’s BBQ going through nearly 500 charts. I felt a little guilty not doing a post for the past few hours, so I thought I’d throw a couple of curiosities at you, since they have oddly consistent channel patterns. As an aside, bitcoin is going absolutely apesh*t, […]
The Market Is Like Spooky Groundhog’s Day
The market seems somewhat “Groundhog’s Day”ish to me. In my movie, I wake up each day in a town that is fraught with harrowing images only to discover it’s just a dream. Or is it? The landscape is filled with goblins. President Trump’s executive order on the ACA is one. Without politicizing, the highly speculated […]
How Trump Bailed Out Janet Yellen And The Federal Reserve — For Now
The biggest winner of the Trump presidency is also the most surprising: Federal Reserve Chairman Janet Yellen. After all, Yellen was a constant target for criticism by Candidate Trump, going so far as to accuse her of being “more political than Hillary Clinton.” Beyond Mr. Trump’s barbed rhetoric, pundits such as Paul Krugman predicted that Trump’s […]
Crescent Point Energy Stock Gains Likely To Continue – Here’s Why
Written by SmallCapPower.com Crescent Point Energy Corp.’s (CPG) (TSX:CPG) stock price is up nearly 12% from our initial report on August 24, 2017, trading currently at C$9.70. Despite the decent move, the stock trades at a third of its price of about C$40 in the ‘glory’ days of 2013-14, and looks significantly undervalued given its […]
HH What A Time To Be Alive And An Investor
This morning I saw the graphic below posted on social media as a marketing tool for the new Schwab 1000 Index ETF (SCHK).The intent of this message is to point out the advantageous expense ratio of SCHK in relation to its competition.The fund charges just 5 basis points per year to own the 1,000 largest […]
‘Hawkish’ Fed Minutes Crush Yield Curve To Flattest Since Start Of Last Recession
The persistent flattening of the Treasury yield curve appears to still have legs, and that may be a sign of economic trouble ahead. As Bloomberg details, on Wednesday, the minutes of the Federal Reserve’s September meeting revealed policy makers’ resolve to stick to their tightening path. The yield curve’s reaction to that un-data-dependent hawkishness is very evident… (worsened by […]
JOLTS Report Shows Modest Weakness
Fed Doubles Down On Heightened Inflation Expectations In Minutes The Fed’s Minutes were released on Wednesday. There wasn’t much new to digest. The Fed seems to be locked in with its decision to raise rates a quarter point in December. The market agrees with the Fed as there’s an 88% chance the Fed raises rates […]
