There isn’t much commentary needed here, as the prices and yields indicate everything relevant and important. I would only add that seeing August 24, October 15 and now the change (in acceleration) in December all add up to something different than the FOMC’s whatever influence. There is no monetary policy reason for the August 24…
I like Gold in 2016. From a contrarian sentiment and positioning standpoint, it seems to be setting up quite nicely for turnaround next year. The two big questions though are from what level and when? Since the top in 2011, I have been viewing this move down as a counter-trend decline within the context of…
Founded in 2007 by Brian Chesky and Joe Gebbia, Airbnb is an app and website that connects people seeking lodging with renters who have listed their personal houses, apartments, guest rooms, etc on either platform. Currently, the company boasts over 1.5 million listings in 34,000 cities and more than 190 countries, as well as over…
Paris – The big news over the weekend was that the Paris meeting of climate foxes produced an agreement… They will spend $16.5 trillion of other people’s money to raise more chickens. “Forget ‘Big Oil,’” proclaimed a Bloomberg headline, “Get Ready for ‘Big Solar.’” We don’t have any knowledge or prejudice on the subject. But it sounds…
Written by AlphaBetaWorks Insights The Virtuous and Vicious Cycles of Crowding Hedge Fund Crowding has cost investors $12 billion in the first 10 months of 2015, and $9 billion in the August-October 2015 rout. That is to say, tractable hedge funds’ long U.S. equity portfolios have suffered severely negative active return from security selection (alpha, or…
In the last trading session, the U.S. stocks ended the week lower ahead of the crucial Fed meeting. Among the top ETFs, investors saw (SPY – ETF report) lose 1.9%, (DIA – ETF report) shed 1.8% and (QQQ – ETF report) move lower by 2.3% on the day. Two more specialized ETFs are worth noting as both saw trading volume that…
Spain goes to the polls on December 20. The country’s political and economic dynamics are different than other EMU countries that have held elections this year. The economy is among the strongest performers in eurozone, though unemployment remains stubbornly high. Today is the last day that election polls can be published. El Pais and El…
Dubai Light Crude prices have plunged overnight, crashing the spot price below the 2008 lows for the first time, to its lowest since 2004. This is continuing to weigh on Dubai’s once-exuberant equity market which just hit fresh 2-year lows as financials and property companies plunge. Worst in 11 years… Driving the exuberant money-chasers out o…
In the past week, the Chinese yuan offshore exchange rate against the US Dollar has had little upside action, despite the US Dollar seeing higher volatility while breaking major technical support levels against other currencies. Mainly, this is because the offshore yuan exchange rate is still highly influenced by the onshore yuan rate, which is set to…
The “Big Bull Trend” is near a key test of rising support! Below looks at the S&P 500 and the DAX Index (Germany) over the past 4-years. The Power of the Pattern reflects that the S&P 500 and DAX both remain inside of uniform rising channels. Despite weakness over the past few months, the trend…
