Why would any central bank try to disguise the fact that it is being highly accommodative in its own money markets? That would be a strange place to start, made all the more so by the further observation the same central bank is perfectly happy if you thought it was doing the opposite. Cryptic introduction…
The countries of East Asia are worried about the coercive power of Beijing’s pocketbook. And perhaps they should be. China is flush with money, and as it continues to pour massive amounts of aid and investment into the region, it’s only a matter of time before Beijing tries to cash in. China’s overseas investments are…
It looks like the pigs in Congress are going to get their ‘tax reform’ for Christmas. Winning… The various stock and several bond markets are in a financial asset bubble, and certain stocks are surging higher in some fairly impressive daily moves based on utter nonsense. Bitcoin and the various related crypto-currency plays are now…
Written by Craig Basinger, Chris Kerlow, Derek Benedet, Shane Obata – RichardsonGMP Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by misconception. – George Soros With the rapid rise of the price of bitcoin and other crypto currencies, the talk of bubbles has, well, bubbled…
Top tickers for end of day: AAPL, MU, TWTR, RF, BAC and X.
A solid session across the board and all time zones, for the final week ahead of Christmas. The results heard on Friday that the US corporate tax could be reduced to 21% from high 30’s gave a huge boost to confidence and incentive. Although the US Dollar suffered the DOW futures followed Fridays DOW cash…
The Poor Have A Negative Net Worth In a previous article we discussed how populism could rise in 2017. If you’re career is going well, you might be detached from the plight of some in the lower class. The charts below help you understand their recent woes. It shows the changes in net worth in…
Even with a huge rally on Friday, the bulls aren’t done just yet. Though like many of the rallies of late, the move happens before the day ever happens, resulting in a fairly large gap higher, and boredom throughout the remainder of the day, so that holding overnight becomes essential. Over the past couple of…
After two and a half weeks of intense selling, natural gas prices recovered today, rallying just over 5% on the day. This took prices right back to the resistance level around $2.75 that we had been closely watching. Looking out along the strip, the role of weather is quickly evident, with the front contracts rallying…
For the insane among us, there’s still a pattern that looks bearish in this all-green market: take note of the similarity between the current topping pattern and the prior one: Looking closer, there is a textbook quality H&S pattern which is already complete.
