In recent quarters we have exposed the hyperbole of doom and gloom evidence, while expecting a first quarter 2018 double digit stock market correction. We have shown that the stock market margin debt ratio is normal, credit card and mortgage default rates are great, credit spreads, junk bonds, yield curves and inflation risks are calm….
Two weeks back, after explaining what the “hierarchy of vulnerability” for markets will likely be going forward in the event the proximate cause of market turmoil continues to be geopolitical in nature (e.g. trade war jitters), Deutsche Bank’s Aleksandar Kocic outlined how the Powell Fed is attempting to reassert policymaker control over the normalization process….
by Sara Potter, FactSet Following a solid 2017 (229 IPOs), initial public offerings on U.S. exchanges slipped in the first quarter of 2018. There were 51 IPOs in the first quarter; this was down 31% from the 74 companies in the fourth quarter of 2017 but 50% higher than the first quarter of 2017. In…
From Toles: The question we should be asking (prompted by my thinking about the relevance of game theory) is which payoff matrix is of relevance. Here, it makes sense to differentiate between the objectives of Mr. Trump and the United States as a whole. To degrade China’s ability to ascend the quality ladder, and maintain…
The Vietnam stock market looks very strong. It is one of the strongest winners in the emerging markets universe in the last 6 months. But is the Vietnam stock market still a buy in 2018? And is it easy to get exposure to such an ‘exotic’ stock market? First, let’s try to determine the indicator…
Long-Term Bond ETF (TLT) remains sloppy as investors don’t know what the Fed is up to.
Fundamental Forecast for Gold: Neutral Gold price nudge higher on the week as market sentiment sours- On the lookout for a low Gold prices inched higher this week with the precious metal nudging up nearly 0.5% ahead of the New York close on Friday. The gains come amid continued volatility in broader markets with all three major…
The USD/JPY short term Elliott Wave view suggests that the decline to 104.54 low on March 26 ended Intermediate wave (3). Wave (4) correction is in progress as a double three Elliott Wave Structure. A double three is a 7 swing corrective structure with WXY label. In the case of USDJPY, minor wave W of (4) ended at…
Stocks in the railroad space are being aided by momentum in the U.S. economy, with more goods being transported across the country. The market is expected to continue its winning streak, banking on a rise in wages and more confident consumers. Moreover, the new tax law (Tax Cuts and Jobs Act) should boost profits further…
The only way to change the meaning of a word like “transitory” is to put together a constant string of temporary factors that when taken individually keep with the traditional definition but in combination completely obliterate it. Something happens to knock inflation off track, and then just as soon as that one thing is about…
