Above The 40 – The Stock Market Breaks Out With A French Fly
AT40 = 61.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 63.0% of stocks are trading above their respective 200DMAsVIX = 10.8 (volatility index)Short-term Trading Call: bullish Commentary Going into the first round of the French Presidential election, I figured the best case scenario was the absence of a market sell-off. I never even […]
GBP: Market Still Short & Sterling Still Cheap – BNPP
With the intense focus on the French elections, one can forget about the announcement to hold elections in the UK, a declaration that triggered a massive short-squeeze. And after cable slipped from the highs of 1.29, the team at BNP Paribas states that GBP/USD is still cheap: Here is their view, courtesy of eFXnews: BNP Paribas […]
How Can You Increase Your Retirement Income?
How can you increase your retirement income and avoid risk? That’s tricky, and a lot of folks simply opt to put their money in the bank. But the good news is that there are other options, aside from the bank, for reducing risk and generating more retirement income. While banks present a lower risk than […]
Reducing Inequality Could Be A Matter Of Survival
by The Indian Economist — this post authored by Kaushik Basu Global inequality today is at a level last seen in the late nineteenth century – and it is continuing to rise. With it has come a surging sense of disenfranchisement that has fueled alienation and anger, and even bred nationalism and xenophobia. As people struggle to […]
‘Dollar’ ‘Improvement’
According to the headline TIC statistics, foreign central banks have in the past six months sold the fewest UST’s since the 6-month period ended November 2015. That may indicate an easing of “dollar” pressure in the private markets due to “reflation” sentiment. They are, however, still selling. In February 2017, the latest month available, the […]
Is Reserve Bank Of India Sovereign?
The Reserve Bank of India (RBI) has a crucial role in managing the Indian economy. It is responsible for monetary policy decisions (i.e. setting interest rates) and providing stability to the currency. While doing so, it controls inflation and regulates the financial sector. And this crucial role demands that the RBI and government operate independently of […]
Post Mortem
When the globex markets opened on Sunday afternoon, I was shocked. At the time, I had just returned my rental car at Dulles, and as I fired up my TOS app and saw the ES up about 24 points, I just about toppled over backwards. What was shocking, of course, was that the “baseline” event […]
Housing’s Echo Bubble Now Exceeds The 2006-07 Bubble Peak
A funny thing often occurs after a mania-fueled asset bubble pops: an echo-bubble inflates a few years later, as monetary authorities and all the institutions that depend on rising asset valuations go all-in to reflate the crushed asset class. Take a quick look at the Case-Shiller Home Price Index charts for San Francisco, Seattle and Portland, OR. Each […]
As Vol “Re-Enters The Doldrums,” Goldman Weighs In
Remember this chart? (BofAML) Yeah, so that’s become something of a mainstay among those of us who enjoy reminding market participants about just how absurdly efficient the central-bank-inspired BTFD trade has become. Basically that visual underscores a point Marko Kolanovic made a while back, which is simply that the time it takes markets to mean revert after […]
