As you are no doubt experiencing, stock market volatility as spiked this year with the S&P 500 dropping or rising 2% or more on eight different days. Jolts of this size didn’t happen at all in 2017. Source: Bloomberg, LP The ramp up in volatility serves as a good opportunity to expand on the idea that…
Since early 2016 we have been carrying forward a theme illustrating that until the macro trends in place since 2011 change, the situation would be as is, stocks trending up and the precious metals in consolidation/correction. The current trends were kicked off symbolically, and functionally to a degree, by the Fed’s concoction of Operation Twist,…
The debt hang-over will suppress saving and spending ability for an extended period in Canada (and other countries), even if rates don’t move higher from here. Laurie Campbell, CEO of Credit Canada discusses how indebted Canadians can manage their debt as the Bank of Canada gets set to hike rates.Here is a direct video link. Video…
The age of the electric vehicle (EV) will be here sooner than you think. Out of 1 billion cars in the world, only 2 million are electric. But that will soon change, as costs diminish, and more governments encourage the adoption of EVs to cut carbon emissions and fight urban pollution. According to Bloomberg, by…
This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 150.0, down 0.4 from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.56%, up from 3.08% last week. The WLI Growth indicator is now at 4.1, up from the previous week. The…
This week’s Sentiment Survey report from the American Association of Individual Investors continues to show a falling trend in the level of bullishness of individual investors. This week’s bullishness reading was reported at 28.4% and down from 36.9% in the prior week. The current bullishness reading is near the minus 1 standard deviation level and these sentiment…
The BLS reports March jobs as +164K with the unemployment rate falling to 3.9%. Revisions were positive, wages anemic. Initial Reaction Today’s establishment survey shows jobs rose by 164,000. The household survey (Table A) shows employment rose by a mere 3,000. Once again there are wild swings and divergences between the two surveys. The Econoday consensus…
Gold short-term Elliott Wave view suggests that the rally to 4/11 high at 1365.24 ended Minor wave B. Below from there, the decline is unfolding as an impulse Elliott wave structure in Minor wave C of (B) lower. This structure forms a bigger FLAT Elliott Wave structure which starts from 1/25 peak. Internals of each leg to the downside,…
My Swing Trading Approach Similar to yesterday, I will take a very cautious approach with this market. Less is more in this market and I do not want to rapidly increase my long exposure with such incredible uncertainty. Only under very bullish circumstances today, will I add additional long exposure to my portfolio. Indicators VIX –…
NFP DISAPPOINTS, USD BULLS RESPOND TO QUICK PULLBACK TO BRING FRESH HIGHS April Non-Farm Payrolls data was released out of the United States this morning, and the headline number came-in with disappointment as the +163k print was unable to match the expectation of +191k. On the bright side, the unemployment rate did drop to a fresh…
