During the day on Monday, there is very little out there to move the markets as far as economic announcements are concerned, so we have to assume that the overall moves will continue. We have seen quite a bit of selling in the US dollar, especially against the Euro, and it looks after the Friday session…
On the demographic front things are not looking so good for the eurozone. With declining birth rates and the aging of the population, Mario Draghi will struggle to produce inflation in a population deflationary environment. Spanish Birthrate Plummets Please consider Spain Dying as its Birthrate Plummets. Spain’s population will fall by more than five million over…
As we approach the end of 2015, researchers at both JP Morgan and Citigroup agree that the probability that the U.S. economy will soon plunge into recession is rising. Just last week, a member of the U.S. House of Representatives asked Janet Yellen about Citigroup’s assessment that there is a 65 percent chance that the…
Gold: With the commodity rejecting lower level prices to close strongly higher the past week, gold bulls aim at higher prices. However, beware of a corrective pullback at ahead of its resistance at the 1098.09 level. Above here if seen target the 1110.00 level where a break will aim at the 1120.00 level. A turn…
Here are my forecasts for upcoming economic data.
It was torture. I went to see my daughter sing yesterday. If a psychic said to me: 20 years from now you are going to drive 70 miles to see a bunch of little girls sing Christmas Carols for two hours, I would’ve fired you as my psychic. Anyway. I cried. They are almost grown…
Larry Summers has a very good piece today in the FT on the irrationality of raising rates and the limits of monetary policy in the current environment. I largely agree with his views as I hashed out in September. But the Summers piece got me thinking about the precise limits of Fed policy here. Summers says the limit is…
Consistent earnings performance over the past several quarters and supportive macroeconomic elements are convincing enough to assume that U.S. banks are about to reach the trajectory of consistent growth. While U.S. bank stocks have climbed significantly since bottoming out during the last financial crisis on the back of an impressive financial performance, the industry’s success…
When Santa comes to town the market starts to rally. It’s happened 24 out of the last 27 years and this year these 7 stocks are the best buys in the market right now. Santa Claus is coming to town in a few weeks. Granted, many of us stopped believing in the jolly man decades…
The incoming economic data continues to disappoint. The Citigroup Economic Surprise index set a record this year for the length of time it stayed in the negative column (data less than expected) of over 200 consecutive days. Even in the depths of the Great Recession we never had more than 100 consecutive days in…
