The Consumer Price Index for Urban Consumers (CPI-U) released yesterday puts the year-over-year inflation rate at 2.36%. It is substantially below the 3.76% average since the end of the Second World War and above its 10-year moving average, now at 1.65%. For a comparison of headline inflation with core inflation, which is based on the…
Oil price hit the highest level in three years on fears of a U.S. strike on Syria. With this, oil price jumped nearly 8% so far this week with U.S. crude rising above $67 per barrel while Brent oil climbed to $72 per barrel. Syria Threatens Oil Supply Although Syria is not a key oil…
Export prices rose 0.3% in March, led by Agriculture, especially soybeans and wheat. The BLS reports U.S. Import Prices Record No Change in March; Export Prices up 0.3%. Import Prices All Imports: Import prices recorded no change in March following rises of 0.3 percent in February and 0.8 percent in January. The index has not declined…
IAC/Interactive (IAC – Free Report) is a media and internet conglomerate organized into four distinct groups: The Match Group, which consists of dating, education and fitness business brands such as Match.com, OkCupid, Tinder, The Princeton Review, and DailyBurn; Search & Applications, which includes brands like About.com, Ask.com, Dictionary.com, and Investopedia; Media, which comprises Vimeo, Electus, The Daily Beast,…
After more than a year EUR/GBP broke below the key.8600 support level which more of an indication of market’s disappointment in the ECB policy than its an overall bullish call on cable. Recent data from the region has consistently hinted that economic growth may have peaked and as we noted today, “EZ IP contracted by…
Today, I am calling the potential for a massive upside breakout move on what we believe is a massive Short Squeeze position just above resistance in the SPX. Take a look at these charts. This SPY chart showing our Advanced Adaptive Dynamic Learning Cycles and the Stage 1 basing pattern that we referenced yesterday is…
A review of today’s markets.: Video Length: 00:17:03
The General Electric train wreck continues – – – if we get into a bear market, I assume this will become a penny stock. Anyway, here’s the recent performance during one of the biggest bull runs in human history, fueled by trillions of dollars of free central bank money:
Everyone’s got an opinion about Facebook these days. And as Mark Zuckerberg spent two days chatting with Congress, you can bet your bottom dollar that everyone and his brother was trying to figure out whether the stock is a “buy” or a “sell.” I figured I might as well throw my hat in the ring….
Today, Bitcoin exploded higher by over 15% (the biggest move since 2017), breaking above $8,000 on extremely heavy volume as the cryptocurrency tests above its 200-day moving-average. Speculative chatter on the driver behind the move is Russian oligarchs buying (though we note that Bitcoin actually fell on the announcement of the sanctions last week). This is obviously…
