Earnings reporting season for 2018-Q2 is now underway in the U.S. stock market. And where the S&P 500 is concerned, the arrival of earnings season appears to have coincided with a shift in how far investors are looking into to the future, with investors shifting the majority of their forward-looking attention away from the distant…
I was updating some of my bond strategy charts this morning and one that caught my eye that I thought would be timely and interesting to share is the seasonality charts. No, not the “sell in May” stock market charts, but the much lesser known bond market seasonality charts. Indeed, you might be surprised to…
USD/JPY 4 hour The USD/JPY is in a bullish channel but the price action remains corrective and weak. The upside can also be seen as a rising wedge reversal chart pattern due to the weak angle of the resistance trend line (red). Price is approaching a key break or bounce spot at the 38.2% Fibonacci…
Photo: Getty Images China is the world economy’s elephant in the room. We can’t possibly ignore it, yet many try anyway. Admitting China’s influence forces us to admit the world is changing—and we all must change with it. This year, China is in the headlines because President Trump wants better trade terms. That’s important, but…
AUD/USD’s downside movement from 0.7813 extended to as low as 0.7655, facing the support level at 0.7642. A breakdown below this level could take the price to 0.7500 area. Resistance is at 0.7700, as long as this level holds, the downtrend will continue.
The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”? On March 31st the Federal Reserve raised its benchmark interest rate for the sixth time in 3 years and…
After opening the day marginally lower, stock markets in India witnessed buying interest and are presently trading on a positive note. Sectoral indices are trading on a mixed note with stocks in the realty sector and IT sector witnessing maximum buying interest. The BSE Sensex is trading up 165 points (up 0.5%) and the NSE Nifty is trading up 57 points (up 0.5%). The BSE Mid…
Paul Krugman demonstrates just how simple models can and should be. He presented a trade model on the New York Times opinion pages. He also apologized for extreme wonkishness, but I don’t think he had to. His aim is to find an example in which Trump’s tariffs on steel cause lower wages (also for steelworkers)….
It’s self-evident that we cannot possibly understand trade, soaring corporate profits, Facebook’s data collection or the economy without understanding the core role played by Big Data in reaping outsized profits and pushing narratives. Let’s connect the dots between these two comments from longtime correspondents: the first is on the model of collecting and selling data (Big…
Take a look at three trading ideas to prep you for the next trading session. Long Wayfair (W) Long Shake Shack (SHAK) Short Royal Caribbean Cruises (RCL)
