The Canadian dollar continues its recovery path and this time, Prime Minister Justin Trudeau is behind the move. Canada’s PM said that NAFTA talks are advancing in a significant way. So far, Foreign Minister Freeland and also the US and Mexican negotiators have made optimistic sounds. This time, it comes from Canada’s leader. The C$,…
In the latest episode of a developing trade conflict between the two largest economies in the world, China has announced fresh tariffs on 106 U.S. products. The move is likely to exacerbate fears surrounding an impending trade war between the two countries. However, an actual date from which these duties would be levied was not…
Update (8:30 pm ET): Barely two hours after Trump offered yet another trade war “tit” to China’s “tat”, the Chinese leadership released a statement foreshadowing its next inevitable retaliation in the escalating trade war between the world’s two largest economies. In a report published by the state-run Xinhua News Agency, Beijing vowed to defend China’s…
Let’s have a look at a long-term perspective on Treasury yields as of the March 29. The chart below shows the 10-Year Constant Maturity yield since 1962 along with the Federal Funds Rate (FFR) and inflation. The range has been astonishing. The stagflation that set in after the 1973 Oil Embargo was finally ended after…
Markets look to have found a new routine with 200-day MAs acting as working support. The ‘bear flags’ I had marked for the S&P and Dow Jones Industrial average look toast given the latter index has broken resistance from what now looks to be a horizontal consolidation. However, the larger consolidation from all-time highs has yet…
It was another EIA Thursday for natural gas, and yet again the print missed expectations in a bearish manner and sent prices decently lower on the day. Yet the print wasn’t as straightforward as the last couple. The EIA reported a net implied flow of -20 bcf last week, which indicates that 20 bcf of…
As we reported earlier, it appears that after 4 years of losses, Bill Ackman’s investors finally lost patience with the flamboyant activist and as the WSJ noted overnight, “most investors” are rushing for the exits, with Bloomberg adding that about two-thirds of the capital that investors could withdraw from Pershing Square Capital Management’s private funds…
Whiplashed? Last weekend, President Trump threatened again to walk away from NAFTA. Within 48 hours, reports suggest he wanted an agreement at next week’s Summit of the Americas (April 13-14 in Peru). The art of the deal is getting to the deal. After 15 months in office, some political commentators suggest Trump is feeling more…
Stocks managed to rise today for the third straight day, although on light volumes. The new economic advisor Larry Kudlow helped the equity markets by bullishly announcing that the Trump tariffs are just ‘proposals,’ and that the US is not interested in a trade war.They merely want to engage China in meaningful negotiations about trade….
The weekly AAII bullish and bearish readings are meant to track individual investor sentiment towards the stock market. While bullish sentiment remained low for nearly all of 2017 (as the S&P 500 went up and up and up), it spiked up to the high 50s just as the market was peaking in January. The first 10%+ correction…
