Monthly Archives: May 2018

E

Amid the persistent political scandals (including pay-for-play; or influence peddling or any other such embarrassments whether to AT&T or others); it is also an environment of movement to improve regulations; stimulate business; but sort of turn blind-eyes toward persisting systemic concerns. Diversion or not; the President’s ‘drug price’ speech does talk of seriously restructuring an…

EC Thoughts On

I have long said that until an asset class goes through a “failure cycle,” risk-based pricing will be weak toward the assets in question. One asset class that has become popular of late is bank debt. Bank debt is a loan to a corporation that typically has first priority to make claims on the company…

Crude Oil Forecast: Trump Drops Iran Deal, Bulls Remain In Charge

FUNDAMENTAL FORECAST FOR USOIL: BULLISH Talking Points: The ONE Thing: The crude bull train does not appear to be slowing down. Crude oil has been on a historic run to recently tag the 100% Fibonacci expansion, but increasing demand and potential supply shocks favor further strengthening of the energy market. Energy stocks show biggest S&P 500 contribution since 11/2014 and…

Excessive Bullishness Flushed Out

A new short-term uptrend began on May 7, and the PMO index has quickly moved to the top of its range. This is where I usually start to get cautious about any new purchases. I should mention, though, that this new short-term uptrend started in the middle of the range, and that they usually start…