Shinzo Abe’s bet paid off. With Japan sinking back into recession and the effectiveness of “Abenomics” called into serious question, the Japanese prime minister called a snap election two years early to secure a governing mandate. Well, he got it. Shinzo Abe and his coalition partners got 68% of the vote, giving him the political…
Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past six months. I’ve also included each of the eight components of Headline CPI and a separate entry for Energy, which is a collection of sub-indexes in Housing and Transportation. We can make some inferences…
Asian markets were calm on Wednesday as a brewing financial crisis in Russia and the rout in oil prices sent investors scurrying for the cover of top-rated bonds. Yields on British, German and Japan sovereign debt had all hit record lows while long-dated U.S. yields reached their lowest since late 2012. Asian share markets were mixed with Japan’s…
by Doug Short and Steven Hansen The Consumer Price Index (CPI-U) year-over-year inflation rate which remained constant at 1.7% for the previous 3 months dropped to 1.3%. Energy prices decreased whilst food increased partially countering energy’s decline. The year-over-year core inflation rate declined 0.1% to 1.7%, and remains under the targets set by the Federal Reserve. The market…
The strongest stocks on Twitter yesterday had a lot of energy names. This shows that people are starting to nibble at them even as oil continues to fall. Subscribers to Trade Followers should keep an eye on the weekly, two week, three week and one month bullish lists to see if the trend continues. For those of…
When a stock that’s relatively stable suddenly sees an 8.3% one-day spike – and on volume that’s over five times higher than its regular daily average – it’s time to pay attention. That’s precisely what happened to biopharmaceutical and diagnostics company Opko Health (OPK), on Monday. It’s been an okay year for the Miami-based firm,…
What a wild ride yesterday was! As we predicted, we opened down half a point and then raced all the way up to our strong bounce lines before tumbling back to give up all of those gains and more – a major technical failure for the markets but a huge profit for anyone who followed…
In its latest effort to counter financial instability – and show its commitment to maintaining order and support for the economy – Russia’s Central Bank (CBR) has unveiled 7 new measures. Ranging from bank recaps to measures aimed at helping manage interest-rate and credit risks, the reaction in the Ruble is positive for now… as perhaps, taking a…
In its latest effort to counter financial instability – and show its commitment to maintaining order and support for the economy – Russia’s Central Bank (CBR) has unveiled 7 new measures. Ranging from bank recaps to measures aimed at helping manage interest-rate and credit risks, the reaction in the Ruble is positive for now… as perhaps, taking a…
As we all nervously await the Anti-Christ, and whatever miniscule tweaking she has done to the syntax and grammar of the Fed announcement, I’ll share with you a short of mine which is doing particularly well – Las Vegas Sands: It’s already had a nice tumble, but just in case you think such drops are…
