This chart looks at Crude Oil on a monthly basis over the past decade. We applied Fibonacci retracement levels to the highs in 2011 and the lows in 2016 at each (1). The rally of late has Crude attempting to break out above the 50% retracement level (which is the halfway point)of the 2011 highs and the 2016 lows…
Silver is often referred to as gold’s poorer cousin. In the 70s, when investors were allowed to trade gold, its price gained by triple digits. To investors, this was an interesting period to buy a commodity that is very related to gold, but one that was not very expensive. Silver offered the traders an opportunity…
US GDP growth in the second quarter is on track to accelerate, based on the median estimate of several forecasts compiled by The Capital Spectator. If accurate, economic output is set to strengthen to a real 3.6% increase (seasonally adjusted annual rate) in Q2, a solid improvement over the subdued 2.3% increase reported for Q1. One…
Overnight Markets and News Jun E-mini S&Ps this morning (ESM18 -0.27%) are down -0.15% and European stocks are down -0.15% on growth concerns amid higher interest rates. German Q1 GDP grew at a slower than expected pace and Eurozone Mar industrial production rose less than expected, while weakness in government debt markets continued for a…
Fresh updates to the U.S Retail Sales report may fuel a larger rebound in EUR/USD as household spending is expected to narrow in April. A marked slowdown in private-sector consumption may sap the appeal of the greenback as it remains one of the leading drivers of growth, and the Federal Open Market Committee (FOMC) may stick to…
Is it possible that stocks aren’t overpriced? Financial adviser Josh Brown raises the possibility, arguing that earnings can grow into their prices. After all, Amazon, Netflix, Nvidia have seemed overpriced to investors for a long time, but their economic performance keeps improving. As Brown puts it, with all of these stocks in the recent past, “[t]he…
The Goldilocks Economy? Timing this economy has the market on edge. With inflation nearing the Fed’s 2% target, investors seemed relieved that the FOMC decided to hold off on hiking rates. In the ninth year of the 2nd longest expansion in U.S. history, it is surprising to hear the phrase “Goldilocks economy” in the news. Perhaps…
One of the things I note from time to time in my discussions of wage growth is how much its fluctuation in real terms has been affected by gas prices. For example, in the middle of the worst recession in nearly 70 years, real wages actually went up! Why? Because gas prices fell from $4.25/gallon to…
The first day of the consensus event has indeed been extremely entertaining but the best is yet to come. Leaving the Lambo parade and fake banker protest aside, the panelists in the main hall have jumped right into the core issues. On stage with Ethereum co-founder Joseph Lubin, Bitcoin core advocate Jimmy Song was notably upset over the over-blockchainization of the…
After opening the day in the green, share markets in India witnessed positive trading activity, tracking the Karnataka state elections. The markets were decidedly positive in the morning session as the polls showed a decisive BJP victory. However, they soon gave away a 400-point gain as the Congress and allies chipped away at the BJP seats. Volatile…
