The possibility of a trade war brewing between the United States and China — the world’s two biggest economies — threw 11 S&P 500 sectors into correction territory (decline of at least 10% from the latest peak) late last month. The trigger was the executive memorandum signed by President Trump to impose tariffs on up…
ETH/USD I want to use Ethereum to make a couple of points. If I were to add up the composite results of every trade I have made over the years that were not confirmed by a simple moving average, the figure would be negative – a big negative. By contrast, most of my large gains…
At the end of every quarter, the IMF publishes the most authoritative reserve data with a three-month lag. On Good Friday, the IMF published Q4 17 reserve holdings. A recent article on Bloomberg played up an economist’s forecast that euro reserves would increase by $500 bln over the next couple of years. A review of the…
This week marks the beginning of the second quarter of the year. Looking back, this year is turning out to be a very interesting one indeed. The year started after Donald Trump signed the sweeping tax reform package that slashed corporate and individual taxes. Investors were optimistic that the president would continue with the business-friendly…
Today the Institute for Supply Management published its monthly Manufacturing Report for February. The latest headline Purchasing Managers Index (PMI) was 59.3 percent, a decrease of 1.5 percent from 60.8 the previous month. Today’s headline number was below the Investing.com forecast of 60.1 percent. Here is the key analysis from the report: The report was issued today by Timothy…
March was a roller-coaster month for the markets. Sentiment and themes flipped repeatedly, especially with flows dominating the final days of the month as the end of quarter loomed. The British pound was the top performer of the month, while the Swiss franc and Australian dollar lagged. In the quarter, the Japanese yen led the way,…
Last week, Kevin Muir wrote a very interesting piece on debt and whether it is inflationary or deflationary. To wit: “One of the greatest debates within the financial community centers around debt and its effect on inflation and economic prosperity. The common narrative is that government deficits (and the ensuing debt) are bad. It steals from future…
Last week, Kevin Muir wrote a very interesting piece on debt and whether it is inflationary or deflationary. To wit: “One of the greatest debates within the financial community centers around debt and its effect on inflation and economic prosperity. The common narrative is that government deficits (and the ensuing debt) are bad. It steals from future…
Several months ago in November 2017 General Electric stock (GE) was trading at about $18 per share. I wrote an article at the time warning investors that it was likely for GE to continue falling to new lows before it found a bottom. Fast forward to the end of March and the stock has indeed fallen to less…
ArcelorMittal SA (ADR)’s (NYSE: MT) most recent return on equity was an above average 12.5% in comparison to the Materials sector which returned 6.1%. Though ArcelorMittal’s performance over the past twelve months is impressive, it’s useful to understand how the company achieved its healthy ROE. Was it a result of profit margins, operating efficiency or maybe…
