A couple of things are happening in the bond space right now. Last week we got the flash PMIs for the major DM economies, and all fronts they were strong – all improved, and the composite flash PMI for developed markets rose to a new 6-year high. The first chart below shows how that indicator in…
Anybody who believes that central banks are essential pillars of economic stability that deserve the untrammeled authority to issue currencies, which they presently enjoy, should take a close look at what’s happening in Venezuela. Central bankers have tended to dismiss the notion of private currencies as an idea embraced only by techno-libertarian wingnuts (they have…
Yesterday’s trading on majors was quite active. The dollar index (#DX) closed in the negative zone. At the same time, the fall in the US currency was moderate. Support was provided by quite optimistic statistics on the real estate market in the US. In November, the number of construction permits issued dropped by 1.4% to…
The scenario for machinery stocks has improved this year with indicators pointing toward healthy operating conditions in the industry. Through November, total industrial production — one of the leading economic indicators for the industrial stocks — has increased 3.4% above its year-ago level. The figure is also at 106.4% of its 2012 average in November….
Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Apple (AAPL) Long Chevron (CVX) Short Metlife (MET)
2017 is near end, and the Dow Jones enters a massive sugar high only seen 4 times before in 200 years. The easy money has been made, greed is the fundamental driver now. Smart money will be doing all the can to keep it, hedge it, raise cash, maintain only the best in their portfolios. …
Another Shoeshine Boy Moment We recently pondered the markets while trying out our brand-new electric soup-cooling spoon (see below). We are pondering the markets quite often lately because we believe tail risk has grown by leaps and bounds and we may be quite close to an important juncture, i.e., the kind of pivot that can…
It seems a day does not go by where the market’s valuation is a front and center topic of discussion. Suffice it to say that I believe, and have written as such recently, that the market does not correct simply because it may be trading at an elevated valuation. Although market declines or pullbacks have…
Dash Cryptocurrency vs. Others: Dash is the 8th largest cryptocurrency by market cap at the time of writing. It surged and reached for a new high of $1262 on Tuesday, before erasing some of the gains by the end of the trading day. But how is Dash different than the other altcoins? A Little Bit…
Slow. So slow that even Tales and Trades from the Crypto-currencies were dull. Some instruments perked up. JD Inc, for example, rose over 3% on big volume. Twitter (TWTR) rose more than 1.66% to make another new multi-year high, also on big volume. Conversely, with huge firming of interest rates (the 20+ Treasury Year Long Bonds -TLT),…
