Crude oil continued its fall, heading for its worst year since 2008 amid speculation that reports of U.S. stockpiles today will fuel concern over a global supply glut. Asian stocks climbed while nickel and aluminum gained. West Texas Intermediate crude fell 1.2 percent to $53.49 a barrel by 1:32 p.m. in Hong Kong, slipping for the fourth…
The US dollar is trading with a slightly heavier bias as the last minute position adjustment takes a toll. The dollar-bloc and Scandi’s are doing somewhat better, sterling is a few ticks higher, while the euro and yen are straddling yesterday’s closing levels in the moribund activity. Several markets in Asia, including Japan and Korea, and…
<< Read Technology in 2014, Part 4: Is China Calling The Shots? << Read Part 3: IPOs Galore << Read Part 2: M&As To Make Or Break Companies << Read Part 1: Collaborations Rule The Day Technology companies fought hard in court all through the year, defending themselves against patent infringements, illegal actions, dishonoring agreements, wage-fixing charges and regulatory pressure. HP-Autonomy…
Noah Smith states that there is no “cycle” to the business cycle. (link) My response on twitter was, “…there can be definable limits without a cycle.” Can we define the limit of a business cycle? I have a model that describes what a limit to the business cycle might look like in terms of a…
If there is one thing that I have been seeing more of than “2015 predictions”, it’s the notion that indexes will suffer next year. The theory being that quantitative easing and a flight to benchmarking have lifted the major indices to all-time levels. Active managers and stock pickers have been left out in the cold…
Photo Credit: PR – Ehang Ghost drone Ehang, the Chinese startup that claims to make the world’s easiest-to-fly personal drone, announced today it secured US$10 million in series A funding led by GGV Capital. Angel investors Xu Xiaoping and Nick Yang and early stage fund PreAngel also participated. Ehang’s flagship quadcopter, the Ghost Drone, has raised…
Are we due for a recession? It has been 66 months since the last recession ended (as I write this in December 2014). Not too many people felt that the recession was over back in June 2009, but that’s what the business cycle experts determined. Does the length of this expansion tell us that we’re due for…
Here is an advance preview of the monthly moving averages I track after the close of the last business day of the month. All three S&P 500 strategies are now signaling “invested” — unchanged from last month. Two of the five of the Ivy Portfolio ETFs, the Vanguard FTSE All-World ex-US ETF (VEU) and the…
Written by Doug Short and Steven Hansen The Conference Board Consumer Confidence Index improved after its sharp decline last month. The market expected this index to come in at 89.3 to 98.0 (consensus 93.0) versus the 92.6 reported. This index still remains in territory associated with past recessions. Note that this data is considered preliminary, and the cutoff…
EUR/USD Signal Update Yesterday’s signals were not triggered and expired. The price did reach 1.2166 but passed the level without bearish price action. Today’s EUR/USD Signals Risk 0.75% Trades may only be started between 8am and 5pm London time. Short Trade 2 Short entry after bearish price action on the H1 time frame immediately following the…
