The US stock market appears to be in transition toward a significant top Several key market top indicators are flashing caution (but they are still mixed) Greater selectivity toward higher quality and larger-capitalization is in order Above average cash levels may be appropriate The stock market is in a tender condition. Caution and selectivity, and…
At last year’s Jackson Hole Symposium, Fed Chair Janet Yellen delivered an extended analysis of “Labor Market Dynamics and Monetary Policy”. Her speech essentially reviewed the ongoing debate over the mix of cyclical versus structural factors in employment since the Great Recession. Here is an updated series of charts illustrating some structural changes in the…
by Dirk Ehnts, Econoblog101 Whatever the words from the ECB, quantitative easing was all about lowering the exchange rate of the euro. Why? Because aggregate demand falls short in the euro zone, way short. With 11% unemployment – now rising again – and an increase in government spending taboo, mostly because of German policy makers not understanding the…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 212 = 17,402 SPX – 20 = 2084 NAS – 65 = 5036 10 YR YLD – .10 = 2.14% OIL – 1.71 = 43.25 GOLD + 4.60 = 1109.70 SILV + .13 = 15.46 Since mid-July the Dow…
Yesterday, Google (GOOGL – Analyst Report) announced that it will be restructuring its business. Google’s tickers won’t change, but the name of the company will. The new hierarchy will place Alphabet as the parent company of Google. The goal of this restructuring is to separate core business components from the rest of the company’s businesses….
USDCAD: With the pair reversing its Monday losses on Tuesday to lose strongly higher, it now faces a further move higher towards its key resistance at 1.3212 level. We may see price hesitation at that level but if taken out expect more strength to build towards the 1.3200 level followed by the 1.3250 level. Further…
Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were…
Market Commentary If anything, today’s market activity showed us that the bears are willing and able to impose their will upon the equity markets and are far from ceding control to the bulls. However the successive series of lower intraday highs and higher intraday lows suggest that a showdown is not far off. Market breadth…
Dead of summer During this time of year, volatility becomes an issue because most large firms have their major traders away at holiday. With this, you can expect short-term trades only at this point in time. We do see a couple decent trends out there though, and of course we will point you in the…
