The basic sector has thirteen industries all related to mining, making and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; paper; silver; specialty chemicals; steel. Today I’m reviewing a chemicals company. It’s a mid-cap stock, Huabao International Holdings Limited. It’s trading ticker symbol is HUIHY. Huabao International Holdings Ltd researches,…
Today I revisit a subject that was prominent in the American conscious post-global economic crisis and brought to the forefront by the rare earth element and lithium bubbles from 2009 to 2011: The United States of America depends on imported supplies for most of its industrial metals, minerals, and materials demand. I spoke and wrote…
Cleveland Federal Reserve President Loretta Mester on Monday said that the recent flattening of the yield curve isn’t a sign that the US economy is weakening. Her comment follows a similar observation by Fed Chairman Jerome Powell, who suggested last week that low inflation in recent years has reduced the value of monitoring recession risk based on…
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.58%) this morning are up +0.55% and European stocks are up +1.53% as global stock markets rally on reduced concerns for a trade war. U.S. Treasury Secretary Mnuchin said he and his Chinese counterpart have been discussing the trade deficit between the two countries and were committed to…
Well markets are rocking from London to Hong Kong on Tuesday as the world takes its cues from the blockbuster rally U.S. stocks staged on Monday. Hong Kong shares were up nicely and H-shares followed suit, recouping some of last week’s steep losses: On the mainland, the SHCOMP posted its first gain in five sessions…
Indian share markets ended higher ended higher as a surprise cut in the government’s borrowing programme for the next fiscal year boosted sentiment, with lenders such as the State Bank of India among top gainers. At the closing bell, the BSE Sensex finished higher by 108 points. While, the NSE Nifty finished up by 54 points. Meanwhile, the S&P BSE Midcap Index ended up…
Just as Trump sent stocks into a tailspin last week with his bellicose trade overtures against China, so the near record (point) rebound in the Dow on Monday is being attributed to a much more diplomatic tone out of the Trump administration, when first Mnuchin, then Peter Navarro played down the threat of a trade…
We argued that the talk of trade war was exaggerated. The confrontation, strong demands and a climb down is the Art of the Deal, and is part of the way the Trump Administration negotiates. We see striking parallels between the policymakers and tactics with the Reagan Administration’s attempt to pry open Japanese markets. A combination of voluntary…
Roughly every three months, we check in on the overall state of the new home market in the U.S. by estimating its market capitalization, where we take the average prices of new homes sold in the U.S. and multiply it by the number of new homes sold each month, then calculating its twelve month average to minimize the effects…
We often hear that Gold prices are driven by real interest rates. Rising real interest rates are said to be bad for Gold because it increases the opportunity cost of holding the yellow metal. This makes sense intuitively as Gold pays no interest or dividend, and will therefore be less attractive as compared to risk-free…
