– Euro-Zone 4Q GDP to Expand Annualized 1.5%. – Euro-Zone Growth to Slow for First Time Since 2Q 2014. Trading the News: Euro-Zone Gross Domestic Product (GDP) The Euro-Zone’s 4Q Gross Domestic Product (GDP) report may produce near-term headwinds for the Euro as signs of a slowing recovery puts increased pressure on the European Central Bank (ECB) to…
Jobs are well understood to be a lagging indicator, but economists cling to the notion that initial unemployment claims lead. Despite stress-free readings in initial claims, Economists, CEOs: say Recession Risk Rising. The Wall Street Journal calls this a “divergence of opinion“. The odds of recession in the next 12 months have climbed to 21%, double…
Following the biggest one-day surge in the price of gold since 2009, it is understandable that suddenly everyone who until recently was predicting the price of gold in the triple digits, or laughably explaining why “gold is doomed” wants to talk about the “pet rock.” As we showed earlier, already Goldman and Bank of America…
Daily Forex Market Preview, 2/12/2016 The US Dollar continued to remain weak with the Euro and the Yen benefiting from the safe-haven flows. Janet Yellen’s second day of testimony did not offer much to the markets with the Yen touching a year low below 112 while EUR/USD was seen trading back above the pre-QE levels…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 254 = 15,660 SPX – 22 = 1829 NAS – 16 = 4266 10 Y – .06 = 1.64% OIL – .17 = 27.28 GOLD + = 50.10 Thursday was a bad day for global stock markets. Markets in Hong Kong opened for…
Back in October, we toyed with the notion that, if the U.S. economy was headed into recession, sector rotators might do better by moving capital into best-of-class ETFs (“Recession –Testing Your Portfolio”). As of today, no recession has yet been declared but we’re certainly seeing a stock market top in our rear-view mirrors. A downslope…
Last August, Runnymede Capital warned our readers that a financial hurricane was coming. Over the past six months, the stock markets around the world tumbled and the US has followed suit in 2016. Our clients, who gave us permission to raise cash reserves, were fortunate and their assets were protected. Today, we are sounding off another…
Day after day we are told that the plunge in oil prices (just like the collapse in The Baltic Dry freight index) is a “supply” issue… it’s transitory and global demand is doing fine thank you very much. Sadly, as everyone really knows deep down inside their Keynesian hearts, this is utter crap and as…
Pentair (PNR) is a lesser known dividend aristocrat that most recently boosted its dividend by 5%, representing its 40th consecutive year of dividend increases. Weak energy markets, slumping commodity prices, and unfavorable foreign currency exchange rates are wreaking havoc on the company, which has seen its stock price plummet by more than 30% over the…
During the day on Friday, we get the Core Retail Sales numbers and the University of Michigan Consumer Sentiment numbers coming out of America. Because of this, the market should focus basically on the US stock markets, and perhaps the US dollar. 1 – At this moment in time, it looks like we could get…
