Just a quick global equity breadth check here. As a reminder, these breadth models are looking at breadth across countries i.e. the main benchmark stock index for each of the countries we monitor (70 countries in total). Looking at breadth in this fashion for global equities can help flag early warning signs if certain pockets of…
Just a quick global equity breadth check here. As a reminder, these breadth models are looking at breadth across countries i.e. the main benchmark stock index for each of the countries we monitor (70 countries in total). Looking at breadth in this fashion for global equities can help flag early warning signs if certain pockets of…
If you’re just waking up to seeing U.S. equity futures up by more than 1%, you’re likely in a better mood than last week, when markets ended the week with the major averages down more than 1 percent. It’s been one thing after the other causing markets to decline since February. But this week marks…
Apparently, markets are willing to give Steve Mnuchin the benefit of the doubt on Monday morning. “We’re having very productive conversations with [China],” the Treasury Secretary told Fox News on Sunday, adding that he’s “cautiously hopeful” on striking a deal with Beijing that averts disaster. Of course he also said Trump isn’t “afraid of a…
from the St Louis Fed — this post authored by Ana Maria Santacreu and Heting Zhu South Korea has experienced one of the largest economic transformations of the past 60 years. It started as an agriculture-based economy in the 1960s,[ 1] and it became the 11th largest economy in the world in terms of gross domestic product…
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 gold company It’s a mid-cap stock, Centamin Plc. It’s trading ticker symbol is CELTF. Centamin Plc is a mineral exploration, development,…
Stocks are selling off, but major indices are at/near crucial support, testing the will of the bulls. High-yield spreads are tightening. In Chart 1, the ICE BofAML US high yield BB effective yield is pitted against Moody’s seasoned AAA corporate bond yield and the 10-year Treasury rate. Spreads over both corporate investment-grade and 10-year…
This year the S&P 500 could be forming a bearish descending triangle. The declines over the past couple of weeks now have the broad market testing key support levels at (1) above. The Dow looks to be forming a similar descending triangle pattern, where a bounce is due as well says Joe Friday. While the Dow and S&P…
After opening the day in red share markets in India witnessed volatile trading activity throughout the day and ended the day firmly in green, after a strong rally at the wee end of the session. Sectoral indices too ended the day in green, with stocks in the bank sector and stocks in the metal sector leading the gains. At the closing…
It seems that “Black Monday” has been averted, with global risk sentiment making a full reversal to start the week, and the precipitous selloff from Thursday and (Black) Friday turning into a furious rally on Monday, starting in Asian markets and proceeding to Europe and US stock futures, which are up 1.4%, and back over…
