1-year ago this month, the Transports/S&P 500 ratio peaked and has been heading lower, reflecting that Transports have been diverging against the broad market. Below looks at the performance of the S&P to Transportation ETF (IYT): The chart above highlights that IYT underperformed the S&P 500 by nearly 10% in the past 12-months, with a good…
In September, the US dollar rose sharply after inflation stopped decelerating and US politics started working in the currency’s favor. Looking at reliable front-runners of headline inflation, indicators such as 5y5y breakeven rates and commodity prices bottomed in June and began strengthening. The dollar’s move up in September thus makes sense given this context. Following the…
Written by the Cleveland Fed Peer-to-peer lending platforms, which provide a way for individuals who want to invest to lend to those who want to borrow, have experienced phenomenal growth in the past decade. Many praise the industry and maintain that P2P loans provide unique benefits to consumers. We examine a comprehensive set of credit…
Let’s take a look at an often-repeated idea that is popular in the gold and alternative investing communities. The government possesses a printing press. Therefore, it will never default. It will just inflate its way out of the debt. It will devalue the dollar. The government does not set the value of the dollar. And…
USD/JPY The US dollar tried to rally against the Japanese yen initially, breaking above the 113 handle. However, we rolled over to form a very negative candle, slicing down towards the 112 level. It looks likely that the market is paying quite a bit of attention to the U.S. Congress, and whether it can pass…
According to a 2017 Radicati Group report, an estimated 125 billion commercial emails are sent every day, and the number of email users is expected to grow from 3.7 billion in 2017 to 4.1 billion by 2021. Email delivery and performance platform SendGrid went public last week on the New York Stock Exchange under the…
After surging above its 50-day moving-average on Friday, it appears someone is keen for that key technical level not to hold as they dumped almost $2 billion notional in seconds this morning, testing down to the 50DMA (but holding for now). 15,000 contracts dumped in under two minutes… but for now the 50DMA is holding… The…
On Friday, we reported separately on the latest residential building permits and housing starts in the government’s monthly report, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions. Thus it is unwise to…
Dividends are the investor’s best friend. While companies such as Berkshire Hathaway, Amazon and Google eschew dividends in favor of reinvesting capital, there’s no denying that for the rest of the market, dividend distributions are essential for returns. Indeed, in 2015 Hartford Funds published a white paper on the power of dividends, which found that Going back to…
AUDUSD’s downside movement from 0.7729 extended to as low as 0.7535. Near-term, resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downside movement could be expected to continue and next target would be at 0.7328. On the upside, a clear break above the…
