Australia’s economy shrank by 0.5% in Q3 2016, worse than a growth rate of 0.2% that was expected. Australia has seen very quarters of contraction since it last had a recession 25 years ago. The economy of the land down under previously squeezed in 2008 but that bout, as well as others, never lasted more than one…
The Fed’s balance sheet needs to be studied extensively because of the unique policies the Fed has put in place in the past few years. The difference between what’s likely to happen and what’s expected to happen is getting larger as we approach Trump’s presidency. It’s going to be interesting to see when this difference…
Since the ECB began the Public Sector Purchase Program (QE) in the middle of March 2015, it has purchased (through the end of November 2016) almost €1.2 trillion in securities from the financial sector. In addition to that, the central bank has bought €46.2 billion in corporate bonds, and €148 billion of covered bonds in…
The Nasty Habits of Reality People never intend to bring disasters upon themselves. But they sometimes put themselves in situations in which disaster is the only way out. The War Between the States was supposed to be quick and decisive. The glorious histories of the war were already written – at least in the minds…
The Nasty Habits of Reality People never intend to bring disasters upon themselves. But they sometimes put themselves in situations in which disaster is the only way out. The War Between the States was supposed to be quick and decisive. The glorious histories of the war were already written – at least in the minds…
A solid session as small caps stock lead the overall market higher. Nasdaq volume was higher on the session with NYSE volume falling just short of Monday’s level. We continue to see positive action from this market, yet we still do not see any blow off type moves. Sure, there have been plenty of stocks…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 35 = 19,251 SPX + 7 = 2212 NAS + 24 = 5333 RUT + 14 = 1352 10 Y + .01 = 2.40% OIL – .95 = 51.88 GOLD – .80 = 1170.20 Another record high for the…
The stock market looks like it is making a distribution top into the FED meeting. We may see a small pull back into late week and then higher prices into the 14th. We could see a sharp drop into the 5 week cycle low due around the 19th of December. Overall, the market should be…
Silver and Miners have remained above their November lows as gold prices continue to edge lower. This divergence could be a bullish sign if it continues to carry. If it doesn’t hold and prices break below the November lows, then we could see them paly catch-up to gold during a sharp move lower. Prices are…
The Australian Dollar is under pressure early following the shock release of the third quarter GDP figures which came in well below market forecasts at 0.5% q/q on a seasonally adjusted basis. The annual GDP growth figure was also impacted, slipping to 1.8% y/y. The negative results had an immediate impact on the Australian Dollar…
