Santa Clause Rallies Don’t Happen As Often As They Used To Stocks indexes were down slightly on Tuesday because of AAPL. Apple fell 2.54% because of reports of weak demand for the iPhone X. If the iPhone X sells badly, the company will shift its focus to lower priced products like the iPhone 8, hurting…
In most cultures, profit is seen as the outcome of exploitation of some individuals by some other individuals. Hence, anyone who is seen as striving to make profits is regarded as bad news and the enemy of society and must be stopped in time from inflicting damage. Profit, however, has nothing to do with exploitation…
The US dollar softened across the board in thin holiday markets. News developments were light and the dollar’s decline did not seem to be sparked by anything particular. Commodity prices moved higher, though oil consolidated its recent gains. News that China had ordered the closure of its largest copper producer (Jiangxi Copper) for at least a…
One thing is for sure, when Dr.Copper’s price is falling, the silence from prognosticators is deafening; but when it’s rising it is the greatest indication of the global growth narrative the world has ever known. However, there’s a hole in that story… LME Copper prices are up for 9 straight days – the longest winning streak since…
Note: The NYSE has released new data for margin debt, now available through November. The New York Stock Exchange publishes end-of-month data for margin debt on the NYX data website, where we can also find historical data back to 1959. Let’s examine the numbers and study the relationship between margin debt and the market, using the S&P…
I published an article/novella on TalkMarkets as Part I of this series on the lodging industry, Hot Hotel Stocks? Look Before You Leap. I recommend you read that first article in order to see just how hotels are typically owned, managed and marketed. It isn’t what most people assume. Part I provides the background in…
Everybody and their dog is buzzing about Bitcoin, whether they’re investing analysts or not. So I’ll toss in my two pennies. Like most everybody, I thought it was a bizarre scheme when I first became aware of it. I hadn’t heard of blockchain though, and the two are different animals. Blockchain is the enabling technology…
Although USD/JPY came back above the long-term line, we didn’t notice significant increases in the following days. Will this show of currency bulls’ weakness result in another repetition of what we already saw in the past? EUR/USD Looking at the daily chart, we see that the overall situation in the short term hasn’t changed much…
The Fed has to begin cutting the fat off its balance sheet. Monetary economists have spent the past decade debating the pros and cons of the Fed’s “bloated $4.5 trillion balance sheet.” Does a large balance sheet make monetary policy more effective? Or should the Fed sell off its assets and return its more modest…
