The German economy has been nothing if not impressive. In the face of ugly economic circumstances across Europe, this country held fast to fiscal discipline while staying on track with exports. Hence, Germany ran budget surpluses for the last three years and has a cost of capital so low that its bond yields rival that…
Yesterday might have seemed like a boring day, but a little known event took place that is very worthwhile. Turns out, the CBOE SKEW Index hit an all-time high. Here’s from the CBOE’s website says the SKEW is. The CBOE SKEW Index (“SKEW”) is an index derived from the price of S&P 500…
Johnson and Johnson released its latest earnings reports before opening bell this morning. The company reported adjusted earnings of $1.49 per share and revenue of $17.1 billion, a 7.4% year over year decline. Analysts had been expecting earnings of $1.46 per share on $17.45 billion in revenue. Johnson & Johnson’s reported earnings decline Johnson & Johnson’s…
Our gold and silver models state that the gold and silver bear markets are not over as of October 13, 2015. Here’s why. There is no inflation Inflation is the factor that drives gold and silver bull markets. The official CPI data is not a good measurement of the real rate of inflation. CPI’s calculation method is constantly being…
As a lightening rod for the global capital markets, Greece has surrendered. It role being taken up by China rough transition or the Fed’s continued reluctance to hike rates six years since the recession ended and despite the achieving of unemployment levels rarely seen. However, the Greek project is far from complete. Greece still has to…
USD/CAD: USD/CAD remains on the offensive on the back of its long-tailed candle print triggering corrective recovery on Monday. This price action development leaves risk higher in the days ahead. On the upside, resistance resides at the 1.3100 level where a break will target the 1.3100 level. Further out, resistance comes in at the 1.3150…
Earlier in the trading session, the Pound Sterling had taken center stage among major currencies with a huge M&A deal giving the Pound a short term lift. Against the greenback, the Pound had struck a 3-week peak after Anheuser-Busch’s £68 billion proposal to SAB Miller was accepted. The boost for the Cable was fleeting at…
The National Federation of Independent Business’s (NFIB) optimism index improved 0.2 to 96.1 – and still not above the 42 year average of 98.. The market was expecting the index between 94.8 to 96.5 with consensus at 95.8. NFIB chief economist Bill Dunkelberg states: Small business optimism continues to be stagnant, which is consistent with the…
Mr. Market’s cautious outlook of late is less acute at the moment relative to recent history, but it’s not obvious that all’s well. True, the US Stock Market Crash Risk Index is less threatening and a markets-based estimate of US business cycle risk has pulled back after briefly spiking higher in late-August and early September. Does that mean that…
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 -0.39%) are down -0.44% and European stocks are down -1.21% on global growth concerns after China Sep imports fell by the most in 7 months and after German Oct ZEW investor confidence fell to the lowest in a year. Losses in stocks were limited on increased M&A activity after SABMiller Plc agreed…
