After a banner year, the emerging markets thrived in the first quarter of 2018 too, courtesy of cheap monetary policies, a strong global economy, rising commodity prices, and a weak dollar. The trend seems to be reversing now as the greenback has gained strong momentum, triggering a selling spree in the emerging market currencies. Notably,…
Over the years I have written extensively about gold and from an intraday speculative perspective there is, of course, always money to be made, whether long or short. But for the longer term investor in gold these are tough times where patience in abundance is required, which is why I have moved to the monthly…
This latest real estate bubble looks just like the last one. It’s surged about the same, this time peaking a little higher, and has run for about as long. But what’s driving this bubble is totally different than what drove the last one. The first bubble was thanks to Baby Boomers flooding the market as they surged…
So, I’m sitting here agonizing over whether I should sell short the U.S. Treasury bond market (TLT) once again. Thanks to the bombshell Israel announced alleging the existence of a secret Iranian nuclear missile program, oil has rallied by 2%, the U.S. dollar has soared, and stocks have been crushed. The TLT has popped smartly,…
While it looks as if we’ve got a major trend reversal in place for interest rates, the short-term shows waning momentum. That means don’t panic.
Despite the exit of U.S. from the Iran Deal there was no real damage done to the market. In fact, some indices are well positioned to benefit. Best of these looks to be the Russell 2000. Today’s close left the index right against triangle resistance with a fresh MACD trigger ‘buy’ along with a similar trigger…
To date, 2018 has been a particularly rough year for investors in US treasury bonds. After starting the year with a yield near below 2.5%, the benchmark 10-year bond has seen yields surge to a high of nearly 3.05%, corresponding to about a year-to-date drop of about 3% in IEF, the equivalent treasury bond ETF….
Etsy Inc. (ETSY – Free Report) just released its latest quarterly financial results, posting earnings of 10 cents per share and revenues of $120.9 million. Currently, ETSY is a #2 (Buy), but that could change based on today’s results. Shares of the company have gained 13.7% over the past month and were flat during regular trading hours…
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional…
WTI/RBOB prices ended the day lower but bounced a little after Trump’s statement, running flat into API but a pushed WTI briefly back above $70 following a surprise crude draw (and large product draws). API Crude -1.85mm (+1mm exp) Cushing +1.653m Gasoline -2.055mm Distillates -6.674mm – biggest draw since 2004 Surprise crude draw and big product…
