Non-U.S. mutual funds provide excellent choices for those looking to diversify their investment across a wide range of foreign countries, including emerging and developed nations. Thus, investing in non-U.S. mutual funds may prove profitable and investors may find non-U.S. mutual funds more attractive than those with significant domestic exposure. Below we share with you three…
In October, the Federal Reserve started the unwinding of its massive balance sheet. According to the addendum to the Policy Normalization Principles and Plans revealed in June 2017, Fed officials wanted to reduce the size of its security portfolio by $10 billion in October ($6 billion in Treasuries and $4 billion in the mortgage-backed assets). Let’s analyze whether this is…
Over the last several years we have operated in a low interest rate environment. This has been particularly difficult for investors who rely heavily on investment income for the purposes of servicing living expenses. This has led to countless investors taking undue risk in order to make up for the gap between income and expenses….
In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Here are the key levels that matter on the commodity bloc heading into the yearly close. Gold Weekly Chart Notes: Gold prices rebounded off critical confluence support last week at 1240 with advance now eyeing…
The Advance Report on Manufacturers’ Shipments, Inventories, and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau’s summary on new orders: New orders for manufactured durable goods in November increased $3.1 billion or 1.3 percent to $241.4 billion, the U.S. Census Bureau announced today. This increase,…
The big sell-off of cryptocurrencies continues with huge falls in all 5 digital coins. The king of coins, bitcoin, is down over 33% and trades around $10,900 at the time of writing. The low so far has been $10,400 and volatility is raging, with a recovery reaching $12,000. Support is at $11,900, but with current volatility,…
As the market cheers the tax reform on Capitol Hill, there will be big winners and bigger winners. You’ll have to forgive my over-the-top enthusiasm here but I can’t emphasize the benefits for small caps enough. By some estimates, we’re talking about over 40% earnings growth next year. In a market fueled by earnings, that…
Yesterday, the Australian dollar increased sharply against the greenback, which resulted in a breakout above the upper border of the consolidation. How high could the exchange rate go in the coming days? EUR/USD Yesterday, we wrote the following: (…) the combination of the 76.4% and 78.6% Fibonacci retracements (based on the entire recent downward…
Bubble, what bubble? We’re not saying BitCoin (GBTC) is dead, just because it fell 30% this week. That seems to happen to it every few months and it hasn’t happened since September, so it was overdue for a correction. We sold our BitCoins and BitCoinCashes(?)as $18,500 and $3,500 seemed kind of silly to me but we’re…
The euro area economy has performed significantly better in 2017 than one would have expected a year ago. Indeed, as a European Commission report recently observed (Autumn 2017), “for the first time in almost a decade, the economies of all EU Member States are expected to grow throughout the entire forecasting period (2016, 2017 and…
