Former trader and current man who gave up on you knowing how to trade years ago, Richard Breslow, is out on Wednesday with a pretty good piece that touches – knowingly or not – on some concepts Deutsche Bank’s Aleksandar Kocic has explored at length: the idea of a noisy status quo, and beyond that,…
The Office of the Comptroller of the Currency (OCC) reports that total gross notional derivatives contracts owned and outstanding by domestic banks rose for the second straight quarter. The OCC statistics are one quarter behind, meaning that though banks themselves are reporting Q3 numbers with earnings all figures shown here are from the official compilation…
A clear 5 waves can be traced-out since the beginning of 2015. The 1st wave was roughly 2830 points and lasted a year and a half. The current 5th wave has seemingly completed at 2825 points, which is nearly the same size as wave 1. It’s typical in Elliott wave theory that the 1st & 5th wave…
Don’t fight The Fed or The Machines… Video length: 00:04:05 The Dow is now the 2nd most overbought in 22 years… 3rd most overbought in 62 years Kicking off The National Congress last night, Xi’s words did not manage to inspire the bond market as China’s yield curve inverted once again… But thanks to Big Blue’s…
As the stock market parties like it’s early 2000, a historically reliable indicator of economic weakness, the yield curve, continues to raise alarm in North America. The spread between 2 and 10 -year US Treasury yields reached a new cycle low of .75 this week, and in Canada .51. As show below in my partner…
The Federal Reserve says in its latest Beige Book, “Reports from all 12 Federal Reserve Districts indicated that economic activity increased in September through early October, with the pace of growth split between modest and moderate. The Richmond, Atlanta, and Dallas Districts reported major disruptions from Hurricanes Harvey and Irma in some areas and sectors,…
Small Caps Stall The stock market was mixed on Tuesday. One of the new trends we’re seeing is weakness from the Russell 2000 which was down 0.34% on Tuesday. It’s now down 7 of the last 10 days. Even with that weakness it’s off less than 1% from its peak. This was to be expected given the…
Wednesday’s data on Housing Starts and Building Permits disappointed consensus expectations, and while some of the declines can be chalked up to the hurricanes in the South we would note that Starts in both the Northeast and Midwest regions also showed declines. One silver lining to this month’s data was that in both the cases…
We’ve used data based on the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $2.66, down less than a penny from last week….
“Davidson” submits: You can’t forecast what you cannot see…or can you? People are more predictable than things. Investing is a process which must look through a fog of unknown using past experience. Many use mathematical trend analysis to forecast the future and provide forecasts with date and penny precision. But, how does one forecast inventions…
