The Asset They Love to Hate … Back in the 1960s, Alan Greenspan wrote a well-known essay that to this day is an essential read for anyone who wants to understand the present-day monetary and economic system (which is a kind of “fascism lite” type of statism, masquerading as capitalism) and especially the almost visceral…
The technology sector’s earnings results have not been very encouraging this time. For the week ending Jul 17th, a good deal of tech results drove markets as earnings results and management commentary were mostly positive. However, the following week many earnings reports dampened investor sentiment. Apple did beat expectations although the surprise wasn’t as dramatic as it…
There is so much noise. We need to simplify things. One of things I suggest is look at a weekly or a monthly chart. You will see exactly where you are at. SPY- Stock Market Bullish GLD -Gold Market Bearish
When you think of helium, you may envision buying a bunch of balloons for a party, or uttering something in a goofy, high-pitched voice, or perhaps pointing out an occasional blimp hovering overhead. What you might not know is that while helium is the second-most abundant gas in the universe (behind hydrogen), on Earth, it’s considered…
Having claimed ‘foreign interests’ were “waging an economic war” against China, it was ironic that the most outspoken of Chinese SOEs is now under investigation for ‘selling’ shares when it was told not to. As Reuters reports, China is extending its dragnet for “malicious sellers” to Hong Kong and Singapore as the witch hunt blame-mongery continues, Rather ominously,…
Last week was the birthday of JK Rowling’s creation and wizard kid Harry Potter. While Harry Potter moved from the world of non-magical people called Muggles to the wizarding world of Hogwarts, investors lapped up the opportunity to benefit from the millions of copies sold and billions earned through the film series. JK Rowling had…
I added Star Gas Partners (SGU) to the Barchart Van Meerten Speculative portfolio for great price momentum. Barchart technical indicators: Stocks: SGU 100.% Barchart technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 16 new highs and up 13.02% in the last month Relative Strength Index 75.75 Barchart computes a technical support level…
EUR/USD The EUR/USD pair essentially went nowhere during the course of the week, as we continue to bounce around between the 1.08 level on the bottom, and the 1.12 level on the top. With this, I believe that the market continues to bounce around and very short-term type of moves in both directions, so quite…
There are two events this week that will shape the investment climate potentially for the rest of the year. The first is the Bank of England meeting. The following day is the US employment report. Both events take on added significance. The Bank of England enters a new era. The Monetary Policy Committee meets as usual,…
BEA Reports 2nd Quarter 2015 GDP Growing at 2.32% by Rick Davis, Consumer Metrics Institute In their first estimate of the US GDP for the second quarter of 2015, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 2.32% annualized rate, up +1.68% from a revised +0.64% growth rate for the first quarter…
