USDJPY tumbles to a 119 handle briefly before Japan opened to its normal JPY-selling spike temporarily lifted the pair ‘off the lows’. This drop dragged stock futures lower with Nikkei 225 tumbling over 350 points from its Friday trading highs. Oil prices continue to slide (WTI now with a $51 handle) and EURUSD is bouncing back from…
Here are my forecasts for upcoming economic data.
<< Read Wine Buyers, Sellers and Grape Growers, Part 1: What The Future Holds Whenever considering investing in the “drinking industry”, it is worth looking at the holdings of The Vice Fund (VICEX), now strangely renamed the “USA Mutuals Barrier Investor Fund.” VICEX limits its investments to drinking, smoking, gambling and defense on the grounds…
For the past few months, I have been maintaining a weekly column on this website showing the status and trends in oil inventories and petroleum products production in the United States. Regrettably, the holiday festivities prevented me from providing my usual weekly update last week and this update is a few days later than I…
Although volatility levels have increased in 2014 thanks to an unprecedented drop in oil prices and wobbling global growth, the U.S. economy continues to climb on the back of growing consumer confidence, an improving employment picture, contained inflation and decent housing data. The economy has grown 4.6% in Q2 and 5% in Q3 after a…
“A concept is a brick. It can be used to build a courthouse of reason. Or it can be thrown through the window.” Gilles Deleuze A reader ‘Joyce’ sent an email to me today, and rather than just provide a complete answer to her I thought I would take the opportunity to expand on this…
In China, real estate investing has been a bit out of style lately (see chart). What is the latest hot investment? Stocks of course, as the Shanghai Composite makes new multi-year highs. In fact the index is up some 58% over the past 6 months – after being stagnant for years (see post from 2012)….
David Rosenberg, formerly of Merrill Lynch and currently of Gluskin Sheff, who famously flip-flopped from being a self-described permabear to uber-bull last summer for the one reason that has yet to manifest itself in any way, shape or form, namely declaring that wage inflation as imminent (it wasn’t, but perhaps Mr. Rosenberg was merely forecasting the trajectory of his own wages) and generally an…
Quantitative Forecast Academic studies have shown that the most reliable way to determine future price movements from past price movements, is by use of momentum. In the Forex market, a momentum study is best applied to the four major Forex currency pairs by simply checking whether the weekly close is above or below the weekly close 13 weeks…
The term Unicorn Club was coined by Aileen Lee in 2013 to mean software companies founded after 2003 that reached a valuation of over $1 billion as determined by public or private investments. At that time, she found 39 companies that fit the bill. If we use the same parameters for Japan, only two firms…
