No doubt acrobatics, such as the one illustrated, require incredible strength, flexibility and focus. Only a handful of performers have the skill to pull off a one-armed handstand whilst balancing on a stack of chairs. Likewise, only a handful of stocks have the strength, flexibility and the focus of investors. The minority of stocks that…
TM Editors’ Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Investors are constantly on the hunt for new, undiscovered or undervalued opportunities. In my opinion, the American Manganese story would easily fit this description. American Manganese Inc. (AMI) trades on the TSX Venture…
With the fervor surrounding the start of the holiday season, cryptocurrencies are scorching hot. This is especially true as the cryptocurrency market hit $303 billion for the first time according to CoinMarketCap, buoyed by an impressive rally in the two largest digital currencies. Bitcoin is now just a few percentages away from reaching the five-figure mark of…
After a Thanksgiving and Black Friday bloodbath, natural gas prices recovered today by gapping up significantly and holding on to that gap through the trading session today. Though prompt month prices were unable to rally above a resistance level around $2.95 we had been watching, this was still a welcome move for beleaguered bulls. The…
It is a common misperception that the Fed has in the past raised rates pushing the US economy into recession. The last time that was true was in 1979, when the Fed raised its Discount rate from 9.5% starting in June of that year to 13.0% the following March – right in the middle of…
The documentation of the endless march of asset markets higher has become passé; the illustration of the markets’ overvaluation redundant and tiresome. After years in which these same arguments have been made, without any discernable correction, the sober voices of warning have been discredited and discounted. The defenders of higher valuations have grown more numerous,…
The latest round of PMI data for Europe reflected what we’re seeing across the economic sentiment indicators for the Eurozone: i.e. the strongest economic sentiment readings since 2000. This reflects a number of key drivers in the economy and has some key implications for asset markets in Europe, particularly the Euro Stoxx. The chart comes…
During the week ended Nov 16, 2017, U.S. listed equity ETFs registered $5.4 billion in inflows, per Factset. Year-to-date ETF inflows have reached $398 billion. Of the weekly inflows, U.S. equity ETFs registered $3.7 billion in inflows, while international equity ETFs saw inflows of $1.6 billion. What’s Driving the Markets? The markets are somewhat optimistic…
A rumor is circulating that the Fed is concerned Bitcoin will “eviscerate” big banks. Let’s investigate the claim. Zerohedge writes As Bitcoin Nears $10,000 “Central Banks Kept Up At Night”. Here is the line that caught my attention: “St. Louis Fed President James Bullard admitted to Reuters in a recent interview what the real concern was:…
Over the weekend, we presented an analysis by Citi looking at how long after the yield curve inverts do investors have before they should start worrying. As Citi’s Jeremy Hale noted, “sometimes inversion provides a timely signal for the economic cycle a la 2000, where Professor Curve predicted almost the ding-dong high in the SPX. However, the 2006…
