E The Canadian Economy Cools Off As Autumn Approaches
The fundamentals of the Canadian economy are starting to show signs off cooling down. Recent data on wages, inflation, commodity prices and housing costs appear to support a view that any increase in the bank rate is not needed. Lets look at some of the key components that determine current and future inflation. Figure 1 […]
RBOB Stable At 2-Year Highs After Big Crude Draw, Surprise Gasoline Build
RBOB gasoline closes at a 2-year high (and WTI tested down to a $45 handle) as all attention is focused on the duration and impact of the storm (and how long refineries will be closed). Tonight’s API data should not be market-moving since it relates to data from before Harvey but showed a big crude draw and […]
U.S. Equities See Record Outflows: ETFs In Focus
U.S. equity funds witnessed outflows of $30 billion since late June through August 23, 2017, per a Bank of America report citing EPFR Global data. Funds saw investors pulling out $2.6 billion in the 10th consecutive week, the longest stretch since 2004. The primary reason for these outflows is being attributed to the rising political uncertainty in […]
Stocks: More Nothing
Today can be summed up in one image: Two specific items saved the day for me: As for this so-called “market” of ours, I’m beginning to despair at this point that NOTHING, not even nuclear conflict, is going to break it.
E Another Scary Day
Asian markets are being roiled by fear of North Korean aggression after it sent a guided missile straight over Japan. Meanwhile, AsiaTimes, a website, today published an article by Bill Gertz in which he argues that “the two recent collisions between US Navy warships and commercial ships have raised the specter that China was behind the ‘accidents’, […]
RADA Electronics Industries – Chart Of The Day
The Chart of the Day is RADA Electronics Industries (RADA). I found the Israeli defense stock by using Barchart to sort today’s Top Stocks to Own list by the highest Weighted Alpha, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy in 8/11 the stock gained 44.70%. RADA Electronic Industries Ltd. is an Israel […]
Reed’s, Inc. Chairman John Bello Purchases 147,047 Shares Of Common Stock
LOS ANGELES, Aug. 29, 2017 (GLOBE NEWSWIRE) — Reed’s, Inc. (NYSE American: REED), owner of America’s #1 selling Ginger Beer and the nation’s leading portfolio of handcrafted, all-natural beverages, today announced that on August 24, 2017, Chairman John Bello purchased 117,647 shares of Reed’s, Inc. common stock at the market price of $1.70 per share. […]
Global Dovishness Spurs Growth, But Has Consequences
Global Dove Let’s look at the state of the global central banks. As you can see from the chart below, most central banks’ last action was to cut rates. That’s likely because in 2015-2016 the global economy was very weak as evidenced by the decline in trade. Trade has rebounded despite the risk of protectionism. […]
Not All Swaps Are Created Equal; Part 2 (Eurodollar University)
<< Read More: Not All Swaps Are Created Equal; Part 1 (Eurodollar University) The real clue as to what was going on monetarily was provided in early 2008 not by a Federal Reserve statement about some new program it was hastily putting together (except by proxy of what it meant for conditions in private wholesale markets […]
Put These Charts On Your Wall…
Put these charts on your wall for reference the next time you think… Something is “oversold” or “at support” and has to go back up… Something is “overbought” and has to go back down… It can’t go to 0… It is certain to default… Interest rates can’t possibly go any lower… Interest rates can’t possibly go any higher… Housing prices only go up… Valuation […]
