Our analysis of the S&P 500 is for stocks to continue their move lower. We believe that the SPX is in the declining phase of its current market cycle. It will likely continue this move, with 2670 as as a conservative projection. A break below the 2677 level would be a break below where SPX…
Throughout this expansion, I have had a sneaking suspicion that the yield curve (the difference in interest rates between short and long term bonds) would be the indicator most likely to fail. Originally that was because we are in a very non-inflationary period similar to that which prevailed between the 1920’s and 1950’s. After 1929,…
It was exactly 6 months since we caught the near blowoff top in Bitcoin. We did document this in our Bitcoin price forecast of $160,000, and we mentioned that a consolidation of 3-6 months was to be expected. We also caught the top in another article published on Dec 31. So far, Bitcoin has moved exactly in line with…
Political decisions have always affected social and economical aspects in a region – whether the change is as small as new parking restrictions, or as major as countries entering war with one another. Millicent Angel examines some of the most striking examples of political decisions affecting economies. 1 – The Greek financial crisisThe Greek financial…
Political decisions have always affected social and economical aspects in a region – whether the change is as small as new parking restrictions, or as major as countries entering war with one another. Millicent Angel examines some of the most striking examples of political decisions affecting economies. 1 – The Greek financial crisisThe Greek financial…
On April 24, Denmark’s new business minister signalled he would take a hard line on allegations of money laundering, making reference to the country’s largest lender, Danske Bank, which is embroiled in a scandal stemming from one of its Eastern European branches. Danske Bank had been under investigation by financial regulators in both Estonia and…
On April 24, Denmark’s new business minister signalled he would take a hard line on allegations of money laundering, making reference to the country’s largest lender, Danske Bank, which is embroiled in a scandal stemming from one of its Eastern European branches. Danske Bank had been under investigation by financial regulators in both Estonia and…
On June 12, a federal judge approved telecommunications giant AT&T’s takeover of Time Warner in a rebuke to the US Justice Department. The deal, worth $85bn, has sparked fears of a frenzy of media acquisitions that would make the market less competitive. The Department of Justice’s attempt to block the merger drew suspicions of political…
On June 12, a federal judge approved telecommunications giant AT&T’s takeover of Time Warner in a rebuke to the US Justice Department. The deal, worth $85bn, has sparked fears of a frenzy of media acquisitions that would make the market less competitive. The Department of Justice’s attempt to block the merger drew suspicions of political…
On June 4, German drugmaker Bayer announced it would retire the Monsanto name upon closing its acquisition of the company, taking its products under Bayer’s portfolio. The merger, which received regulatory approval on May 29, is set to close on June 7 and will be the biggest outbound merger by a German company since Daimler-Benz bought…
