The weekend strike by the US, British and French forces against Syria appears to have been conducted in ways that minimize the risks of escalation by Russia. The limited nature of the strike and objectives suggest that the impact on the constellation of forces in Syria will be minimal. There is unlikely to be much of…
The S&P 500 (SPY) gained 2.0% for the week. Yet the week felt like a loser given the way it ended. The S&P 500 dropped marginally on Friday, just 0.3%, but the close represented a fade from a gain and a near test of downtrending resistance at the 50-day moving average (DMA). The S&P 500 (SPY) melted…
There is a huge difference between disliking Bitcoin as an investment and disliking Bitcoin as a construct. Some of the flaws of Bitcoin are by now well-understood: It does not scale, it is nearly useless for routine purchases, and its use of energy in mining is problematic in many ways. Forbes contributor Peter Tchir…
Dividend stocks are a savvy way to ride out the choppy markets right now. According to Bank of America, dividends can be a sign of corporate financial health. It says: “Dividends may help to mitigate portfolio losses when stock prices decline, and over long-time horizons, stocks with a history of increasing their dividend each year…
Good business strategies generally create good investments over the longer term. And so Aramco needs to ensure it has the best possible strategies, if it wants to maximise the outcome from its planned $2tn flotation. Unfortunately, the current oil price strategy seems more likely to damage its valuation, by being based on 3 questionable assumptions: Oil demand…
Below is a brief recap of last week’s price projections and the price targets for next week. The SPX advanced 52 points but couldn’t break out of its March–April trading range, and fell 0.7% short of our upside target. In the process, it painted itself into a corner between the pivot line, trend support and…
JPMorgan on Friday said global oil prices may jump further following a three-year record high. Brent crude oil could surge to $80 a barrel if the U.S. and European Union reimpose sanctions on Iran and western powers expand Syrian civil war, JPMorgan strategists said in a note on Friday. While this might be considered as…
EUR/USD was flat on Friday. We took profit on our GBP/USD long trade and will be hunting for lower levels to buy this pair again, unless the market picture changes.We don’t see a fundamental reason for a continuation of USD/JPY rise and will be looking for an opportunity to open a short position there. Our…
Technical trading alternates as markets continued to be embattled by a perception that ‘issues’ (like politics and social media or geopolitical risk alone) are the challenge. Sure, the market has to juggle all these balls on a daily basis. However what’s really going on is a market depending itself shy of breakdown levels (again; the…
The 6% Solution Think back to last October. Imagine you or someone you know had $100,000 to put to work, but was extremely risk averse. In a worst case scenario, such as a major market correction, they were unwilling to risk a decline of more than 6%. What approach would you have taken? Maybe…
