By now, the surge in housing prices in Canada, and in particular, Toronto and Vancouver, have received a wide spread attention. International observers label the market as a bubble that has to burst. Observers point out that average house prices in these two cities have more than doubled in the past decade, a rate that…
The latest update of the Treasury Department’s Treasury International Capital (TIC) estimates clarified a few things. To begin with, for the month of September the Chinese sold UST’s again for the first time in seven months. Between the end of January and the end of August, the Chinese had added $149.4 billion in UST holdings….
I happened to be in the United Kingdom on a long-planned family vacation on June 23, 2016, when the Brexit vote took place. At the time, I offered a stream-of-consciousness “Seven Reflections on Brexit” (June 26, 2016). But more than year has now passed, and Thomas Sampson sums up the research on what is known and what might…
Just how nervous did folks get during the junk bond rout that finally took a breather when spreads tightened materially on Thursday? Well, pretty damn nervous, according to the flows data. “Following the decline in high yield bond prices this month, high yield US funds and ETFs reported $4.43bn in outflows this past week,” BofAML…
Here is our latest update on the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only…
Today’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 145.6, down 0.1 from the previous week. Year-over-year the four-week moving average of the indicator is now at 5.52%, down from 5.53% last week. The WLI Growth indicator is now at 2.7, down from the previous week. “Why So…
Much of our financial world functions as a “Rob from the Middle Class” economy. The system robs from the middle class and poor via “money printing” and inflation of the currency supply! The rich get richer and the poor get poorer. Little benefit comes from complaining about the process or fighting it. Understand the process,…
My Swing Trading Approach I need to see this market demonstrate some follow through on yesterday’s rally that pushes price action back to or near its all-time highs. Indicators VIX – Dropped 10% yesterday down to 11.76. Far off its recent range of sub-10. Broke the 5-day wining streak. T2108 (% of stocks trading below their 40-day…
The total U.S. stock market has gained over 20% during the past year and is doing great. But for U.S. investors that are under-weighted to foreign stocks, it’s not so great. Why? Because foreign stocks have convincingly outperformed U.S. equities, thereby causing a performance deficit. What’s the problem? The tendency of investors to concentrate and…
The Japanese Yen outperforms its major counterparts going into the last full-week of November, and USD/JPY may continue to give back the rebound from the 2017-low (107.32) should the Federal Open Market Committee (FOMC) Minutes drag on interest-rate expectations. In light of the muted reaction to the 13.7% rise in U.S. Housing Starts, it seems…
