It appears The National Team is taking a well-earned break as Chinese stocks extend their losses from late last week in the biggest 3-day drop since June 2016. Breaking below a key technical support level… Chinese shares were already on a shaky footing after last week when investor confidence was sapped by fresh government steps to reduce financial…
Futures positions imply a 92% chance the Fed will hike in Dec and 50% again in March. How will the yield curve respond? Let’s start with a discussion of how the short-end of the yield curve will act. The following chart shows that when the yield on 3-month treasuries jumps above the Fed Funds rate,…
WTI Crude Oil The WTI Crude Oil market initially fell on Friday but turned around to rally yet again as we approach the $59 level. Ultimately, I believe the pullbacks offer opportunities to go long, as it should represent value. The $60 level above is the next target, as it is a large, round, psychologically…
Asian stock markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.80% while the Hang Seng is down 0.43%. The Nikkei 225 is trading down by 0.34%. Over the weekend, US stocks closed with gains. Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for…
Guest Post by Kayla Sloan When you are a business owner you must plan ahead for many different things. You need to keep a certain amount of capital in the form of cash on hand, for example. Also, you should anticipate how the market will affect your business so you can anticipate the needs of…
Currency rates of exchange appear to be moving in response to so many factors that it makes it almost impossible to ascertain where the rate of exchange is likely to be headed. But rather than paying attention to the multitude of variables, it is more sensible to focus on the essential variable. As far as…
Andrew Ross Sorkin had a good piece mocking the Peter Peterson funded Fix the Debt campaign since many of its CEO leaders are now gladly on the tax cut bandwagon. Unfortunately, the piece ends with sermonizing on the need to reduce deficits and debt. “In the end, Mr. Peterson is right. The country — and businesses —…
Written by Nicolas Rabener, FactorResearch INTRODUCTION The year 2017 might be regarded as the year where cryptocurrencies became mainstream. Investment funds focused on cryptocurrencies were launched, the CBOE announced Bitcoin futures for the end of the year and some everyday expenses like booking flights at Expedia can be paid in Bitcoins. Institutional investors have been…
Morgan Stanley analyst Adam Jonas said he expects Tesla shares to be extremely volatile in 2018. He assumes that Tesla’s battery module production bottlenecks may be resolved in weeks, which could result in the stock price rising to $400 or more over the next few months, he tells investors. However, following a “hypothetical 1H18 pop,”…
from the American Chemistry Council The Chemical Activity Barometer (CAB) notched another solid increase over October’s reading both on a three-month moving average (3MMA) basis and an unadjusted basis. The CAB was up 0.4 percent and 0.3 percent, respectively. The increases continued a bounce back from the effects of Hurricanes Harvey and Irma. Compared to a…
