In early 2015, a contract dispute between dockworkers’ unions and 29 ports on the West Coast of the US escalated into what was a slowdown strike. Cargoes piled up especially at some of the largest facilities like those in Oakland, LA, and Long Beach, threatening substantial economic costs far and away from just those directly…
Linux may not be the OS of choice for desktops, but it dominates the world when it comes to Supercomputers, Web Servers, and Chromebooks. Additionally, Linux Kernel actually powers the Android OS that is used in Android-based mobile devices. According to market reports, as of 2017, Linux powered all of the top 500 supercomputers in…
SPX: It’s All About Perspective…👀 April 6 @ 11:30 am ET A reminder from this post that 2625 and 2585 are important near/long-term support/resistance levels for the SPX…and that if 2585 failed to hold, a retest of 2460 was long overdue…or even an eventual decline to 2220… April 6 @ 2:35 am ET * UPDATE at…
In our last article, we explained how Banque de France owned close to 20% of the country’s debt and how that part was growing rapidly – some financial cavalry that doesn’t bode well. This time – here exclusively because it is not mentioned anywhere else in the media – here’s new proof of the incompetence…
The S&P 500 saw another correction this week less than two months after the last correction on February 8. The index plunged on Monday, rising throughout most of mid-week only to end Friday with a weekly loss of 1.38% and a daily loss of 2.19%. It is down 3.39% YTD and is 9.34% below its…
The stock market in India was our favorite global stock market in 2016 and 2017. We wrote about this extensively as loyal readers know in the meantime: India Stock Market Breaking Out. Is This A Buy Signal? (April 2016), India Stock Market At 9,000 Points, Long Term Very Bullish (February 2017), India Stock Market Remains Bullish (September 2017). Towards…
May natural gas prices recovered around 1% today as forecasts trended even colder through the month of April. The role of weather was clearly seen as the May contract rallied the most on the day. This fit right with our expectations, as we warned clients yesterday that headed into the weekend we could see prices…
The last time offshore yuan was this strong relative to the US Dollar, China devalued its currency, sending a ripple of broken carry-trades through the financial markets and raising volatility everywhere. In the 12 hours or so since President Trump announced plans for $100 billion in additional tariffs on China, offshore yuan has tumbled 300…
Running length 00:28:54 Cable created two beautiful bearish patterns; a head and shoulders and a wedge. Both of them resulted in a downswing. The price is currently aiming at a very important support; the long-term upwards trend line. Any bullish reversal pattern should be a strong buy signal here. USDCAD also created a head and…
Inquiring minds are investigating Jerome Powell’s speech on his Outlook for the U.S. Economy presented today at the Economic Club of Chicago, Chicago, Illinois. Here are a few key quotes. After what at times has been a slow recovery from the financial crisis and the Great Recession, growth has picked up. The labor market…
