Talking Points: Crude Oil Technical Strategy: Oil Strong Bounce off 1.618% Extension Intermarket Analysis Turns Focus of Price Pressure On US Dollar Strength Short-term Resistance Turns Focus on Prior Low of $37.73/bbl WTI Crude Oil opened the week lower after the Chinese Yuan devaluation continued to spook markets. However, Monday’s low of $34.51/bbl found channel support and Fibonacci support before breaking…
This week, the U.S. Federal Reserve is the most powerful market-moving group on the planet. Pretty scary. For months everyone’s been certain U.S. Federal Reserve would raise rates in December. They’re being dragged kicking and screaming into raising interest rates for the first time in nine years. But after the market action Friday, all bets are off. The high-yield…
During the session on Tuesday, we have several announcements that can move the marketplace. We have the British releasing PPI and CPI numbers, we also have the Germans releasing ZEW Economic Sentiment, and later on we have the Americans releasing CPI numbers. Because of this, we think that there will be quite a bit of…
Despite the rear-view-mirror-gazing optimists proclamations that default rates have been low (which matters not one jot when pricing the future expectations of default into corporate bond cashflows), Fitch just released its forecast for 2016 defaults and notes that more than $5.5 billion of December defaults has increased the trailing 12-month default rate to 3.3% from 3% at the end of November,…
BlackBerry Q3 Earnings Could Hinge On The Priv Blackberry (NASDAQ: BBRY) has had a very tough year with the BlackBerry stock price down 30% in the year-to-date. BlackBerry has struggled to establish itself in the competitive smartphone business with the likes of Apple (AAPL) and Google (GOOGL) as well as many other foreign competitors eating into its…
Merits of Not Shrinking the Balloon When the Fed first launched QE, they stated they had the “tools” necessary to shrink their ballooning balance sheet. I quickly made the claim, no thinking person on the planet believed that lie. ZeroHedge made similar comments, as did others. So no one is a genius for predicting today’s…
Why has the percentage of the population that’s in the work force declined so dramatically? It’s a question many have asked, and Gordon T. Long and I attempt to answer in our most recent video program The Participation Rate Mystery–Solved. Why does the Participation Rate matter? Intuitively, we all understand that the lower the participation rate (i.e. the…
The market has a way of getting what it wants. And right now, it surely does not want Yellen to hike this week. Will she nevertheless, as is widely expected? Or will the buoyant markets force yet another delay, ultimately resulting in a ‘none-and-done’? There’s no denying that the Fed policies fueled this stock bull market. The…
How Did the Stock Market Do Today? Dow Jones: 17,368.50; +103.29; +0.60% S&P 500: 2,021.94; +9.57; +0.48% Nasdaq: 4,952.23; +18.76; +0.38% The Dow Jones Industrial Average today (Monday) gained 103 points on a busy day of mergers and key economic data. Domestic oil prices were on the rise ahead of tomorrow’s critical U.S. Federal Reserve meeting. The markets largely expect the Fed will hike…
“Here’s another fine mess you’ve gotten me into….” — Oliver Hardy If ever such a thing was, the stage is set this Monday and Tuesday for a rush to the exits in financial markets as the world prepares for the US central bank to take one baby step out of the corner it’s in. Everybody…
