People need to ask an important question – Why would the Fed hike interest rates in the first place when no one ask them to do it? Why would they do that? ~Brandon Smith, The Daily Coin I wanted to sit down with Brandon Smith, Alt-Market, for a very specific reason. Brandon is one of very few people that…
Talking Points: – UK industrial production fell 0.4% y/y vs. 1.0% gain expected. – Manufacturing production down 1.7% y/y vs. 1.4% loss forecast. – Pound higher with stocks on demand for GBP-denominated assets. See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot. The British Pound traded higher versus other major currencies (at the time this…
The Foreign Exchange (FX) market is the largest, most liquid market in the world – with around US $5.3 billion traded daily. Day trading is quite common among currency traders but most investors depend on setting up trading accounts and executing their trades via Forex brokers. There are hundreds of Forex brokers and new ones…
One of the most important sectors in the S&P 500 index is the financial sector. Over the course of my economic analyses, I have paid scant attention to the US banking industry for the simple fact that it has been a rock-solid component of the US economic engine. However, cracks are starting to appear in…
Yellen’s prepared remarks showed that she is watching the developments in financial conditions and this may certainly slow down the path of rate hikes. Or if you wish: the stock market crash puts the Fed on the fence. However, she wasn’t overly dovish, especially given the drama in markets. With bond markets not pricing in any…
We begin with Japan where the recent Abenomics efforts are about to face some headwinds after the yen has risen to 2014 levels (chart below shows the dollar falling vs. the yen). As a result, the two-day drop in the equity markets resembles what we saw after the Fukushima Accident in 2011. The 10-year Japanese government bond…
WTI Crude futures are tumbling as Yellen’s prepared remarks offered little for the doves and played down growth due to “financial strains.” Back in the red after some overnight hope from Europe, WTI is back to a $27 handle once again…
When it comes to getting hit hard, the Dow Jones Transportation Index fits the bill over the past year. Few if any major indices have fallen harder, over the past 12-months. Below looks at the DJ Transportation Index/S&P 500 ratio over the past decade. The ratio reflects that over the past year, the index has…
If you held LinkedIn, in your portfolio, you have lost more than 43% of your investment within a single day, and it is most likely to decline even further. In the current situation of flux, it is difficult to find an asset class where you can safely deposit your money. The stock market is dropping…
Semiconductor technology behemoth Intel (INTC:NASDAQ) has seen shares take a dive in January even after it reported a seemingly strong fourth quarter earnings report. The company managed to boost revenues year over year by 1.00%, and the company met or beat most of its guidance for the quarter. Shares still dropped by -9.00% that session alone,…
