Monthly Archives: May 2018

Whipsaw Wednesday – S&P 2,684 (Again) Gives Us Another Shorti...

Are we stuck in a loop? This morning, despite President Trump moving the Doomsday Clock up another minute by unilaterally (which means without the agreement of ANYONE else who participated) withdrawing from the Iran Nuclear Treaty, which was put together after years of diplomacy with a dozen countries – including China.  Now the World has to decide who…

Going Nuclear

Oil prices are going nuclear as President Donald Trump pulled out of the Iranian nuclear accord creating a new risk dynamic for global oil markets. The decision by president Trump to pull the plug on what he said was a horrible deal comes as global oil demand is rising and the lack of investment in…

A Better Way To Gauge Housing Affordability

It’s official — house prices are now as high as they were at the bubble peak in 2006 according to the S&P/Case-Shiller 20-City Composite Home Price Index. Moreover, Americans believe they will continue to soar, according to an article by Quentin Fottrell at MarketWatch. That makes sense from the perspective of behavioral finance. People often extrapolate recent price…

Morning Call For Wednesday, May 9

Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.43%) this morning are up +0.43% at a 2-week high and European stocks are up +0.16% at a 3-month high. A rally in energy stocks is boosting the overall market with a +2.58% surge in Jun WTI crude oil(CLM18 +2.85%) to a 3-1/2 year high. Crude oil has moved…

Tearing Up The Dollar

Traditional Markets He was said to be the president for the traders and so far Donald J Trump has not disappointed in bringing market volatility. Even though market participants were well prepared for the decision to exit the Iran deal, it didn’t stop things from getting shaky when the announcement was made. Here’s the price of…

Sensex Ends Day In Green; Tata Motors Up 3%

After opening the day in red, share markets in India witnessed a turnaround and then continued the momentum throughout the day and ended the day in green. Sectoral indices were mixed, with stocks in the IT sector and stocks in the capital goods sector leading the gains. At the closing bell, the BSE Sensex stood higher by 103 points (up 0.3%) and the NSE…