Great Graphic: Bunds And The Euro

Great Graphic: Bunds And The Euro

    There are two separate by related developments that are lifting the euro to its best level in three-months against the US dollar.    First, the US economy is off to a disappointing start to Q2 after the economy appears to have contracted by around 1% annualized pace in Q1. The strong bounce back after the […]
Morning Call For May 14, 2015

Morning Call For May 14, 2015

OVERNIGHT MARKETS AND NEWS June E-mini S&Ps (ESM15 +0.50%) this morning are up +0.45% on speculation that Wednesday’s weaker-than-expected U.S. Apr retail sales may keep the Fed from raising interest rates. European stocks are down -0.01% amid a stronger euro as EUR/USD climbed to a 2-3/4 month high. Another negative for European stocks is an […]
Thrilling Thursday – Markets Continue Their Wild Ride

Thrilling Thursday – Markets Continue Their Wild Ride

What a great day we had yesterday!   For those of you lucky enough to read our morning post (and you can have yours delivered pre-market, daily by subscribing HERE), we had re-picked a short position on S&P Futures (/ES)at 2,105 and, as you can see from Dave Fry’s chart, we got a lovely drop down to 2,092, […]
Thursday Pre-Market Insights: PRTY, CYRN, CTRP, SHAK

Thursday Pre-Market Insights: PRTY, CYRN, CTRP, SHAK

Party City Holdco Inc. (NYSE:PRTY) shares increased 23.62% in pre-market trading to $26.90 as the party supply store is set to release earnings today after market close. The company went public in mid-March with an IPO price of $17. Cyren Ltd. (NASDAQ:CYRN) shares increased nearly 16.28% to $3.50 after the cloud-based security solution company announced an agreement […]
The “Great Fund Debate” About Indexing Isn’t Much Of A Debate

The “Great Fund Debate” About Indexing Isn’t Much Of A Debate

Wall Street Journal columnist Jason Zweig recently issued “a split decision in the passive vs. active brawl” for the “Great Fund Debate” between Vanguard founder John Bogle and newsletter writer James Grant. That’s a curious verdict because Bogle has the numbers in his corner while Grant relies primarily on rhetoric and the hope that the disappointing history […]
Australian Banks Win Behind The Curtain?

Australian Banks Win Behind The Curtain?

The Australian Government is extremely left wing even among the Conservatives. Nevertheless, the Australian budget for 2015 has been leaking out little by little and the reaction to taxing savings was now well received publicly or behind the curtain. This time the Australian banks rose up and warned they would lose all standing in world commerce. The proposal to […]
Bank Of England Trims U.K. Economic Forecasts

Bank Of England Trims U.K. Economic Forecasts

During its most recent meeting, the Bank of England left its key interest rate unchanged at 0.5%. It has been at this level since March 2009 and seems set to remain anchored to this figure until next summer, based on comments made by the Governor of the Bank of England, Mark Carney. The Bank has […]
Gold And Interest Rates

Gold And Interest Rates

How many times I have read gold sector gurus working gold-bearish promotions talk about a “strong dollar” and “rising interest rates” as being bearish for gold.  Transfixing certain among the gold “community” with authoritative words about gold’s drivers, they keep ’em transfixed. Some attained reputations by having been touted by  ‘Mr. Gold’, Jim Sinclair and […]
International Dividend Momentum Is All About Emerging Markets

International Dividend Momentum Is All About Emerging Markets

Income investors have known this day would come eventually – just as you shift all of your focus to U.S.-based markets where the momentum was strongest, the tide turns to overseas strength. Emerging markets in particular have been a well-documented story of “great fundamental theme, awful price action”. Nevertheless, the tide has turned this year […]
Dollar Extends Losses As Economic Angst Deepens

Dollar Extends Losses As Economic Angst Deepens

The combination of the disappointing US retail sales and small inventory build has encouraged a new bout of dollar selling. The world’s biggest economy may have contracted close to 1% in Q1 and Q2 is off to a weak start.   Retail sales have fallen or been flat in four of the past five months. We also […]