Back in June, when Goldman “accidentally” triggered a mini-tech rout with a note that would ultimately end up being their most read piece of research released in 2017, most investors couldn’t seem to get past the title: That right there is the market equivalent of heresy. FANG can’t be mispriced. After all, no price is too high…
While a rise in interest rates might diminish the attractiveness of dividend stocks, these will still be in demand on optimism surrounding the biggest tax overhaul in decades. This is because lower corporate taxes will boost companies’ profits leading to handsome dividends and in turn lead to outperformance of stocks with a history of year-over-year…
2017.12.22 XOI.X Cycle Model Chart The XOI.X cycle model continues to suggest higher levels for the index going forward into the Spring of 2018. As can be seen from the previous iteration shown below and here on the blog, the level is increasing as predicted, suggesting perhaps a slow down of the annoying right phase shift, though…
The Australian dollar extended its gains ahead of Christmas, enjoying the greenback’s weakness and the previous week’s jobs report. Is there more in store for the holiday week? There is only one event on the agenda. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Australian dollar extended the gains related…
When European Commission (EC) Vice President Valdis Dombrovskis announced an array of green investment proposals to encourage capital formation in green investment bonds – including lowering capital requirements regulators will allow for such investments – this intervention is viewed as a negative, according to Moody’s. While the overall goal to more closely conform with the Paris Agreement…
from the International Monetary Fund — this post authored by Robin Koepke A key question facing global investors today is what impact the US Federal Reserve’s monetary policy normalization process will have on capital flows to emerging markets. The IMF’s new model estimates show that normalization – raising the policy interest rate and shrinking the balance…
In 2002 when soon-to-be-dismissed U.S. Treasury Secretary Paul O’Neill warned then Vice President Dick Cheney that the Bush administration’s tax cuts would drive up deficits and threaten the health of the economy, Cheney famously answered: “You know, Paul, Reagan proved deficits don’t matter.” In the wake of the recently approved federal tax cut, voices concerned about the damage…
After bouncing aggressively yesterday, cryptocurrencies are sliding again today with Bitcoin testing back below $13,000, Bitcoin Cash below $3,000, and Ethereum under $700 once again. image courtesy of CoinTelegraph Back down… Bitcoin is back below $13000…though downside volume is notably lower than on Friday… From Thursday’s close, cryptos are now down 15 to 20%… There is still…
Economists have developed two theoretical measures of how the American economy is performing. The CBO’s output gap is a measure of the difference between actual real GDP and the maximum potential output. A positive output gap means economic growth is above the longer-run trend rate and is in theory inflationary. Depending upon the size of…
The New Zealand dollar has bounced recently from the vital 0.68 handle, and as I write this, testing the vital 0.70 level above, which coincides with the previous uptrend line that we had broken down below. This is a very vital area for the New Zealand dollar, and as I write this article it’s likely…
