Geopolitical issues will continue to bubble below the surface for the capital markets. The fallout from the re-imposition of US sanctions on Iran has apparently helped lift oil prices in the face of the rising dollar, which often acts as a drag. In the coming days, the US will take the symbolic step of moving its…
Amid the persistent political scandals (including pay-for-play; or influence peddling or any other such embarrassments whether to AT&T or others); it is also an environment of movement to improve regulations; stimulate business; but sort of turn blind-eyes toward persisting systemic concerns. Diversion or not; the President’s ‘drug price’ speech does talk of seriously restructuring an…
I have long said that until an asset class goes through a “failure cycle,” risk-based pricing will be weak toward the assets in question. One asset class that has become popular of late is bank debt. Bank debt is a loan to a corporation that typically has first priority to make claims on the company…
FUNDAMENTAL FORECAST FOR USOIL: BULLISH Talking Points: The ONE Thing: The crude bull train does not appear to be slowing down. Crude oil has been on a historic run to recently tag the 100% Fibonacci expansion, but increasing demand and potential supply shocks favor further strengthening of the energy market. Energy stocks show biggest S&P 500 contribution since 11/2014 and…
There’s never a time where you want to celebrate being correct, because you’ll miss the next move. That being said, it appears the market is supporting the notion that this entire move since February was just a correction. As you can see from the chart below, with the 0.94% move upwards on Thursday, the S&P…
A new short-term uptrend began on May 7, and the PMO index has quickly moved to the top of its range. This is where I usually start to get cautious about any new purchases. I should mention, though, that this new short-term uptrend started in the middle of the range, and that they usually start…
Bitcoin’s price has broken a key support and has formed a downtrend as we’ll review below. Because Bitcoin has invited many new traders and tons of emotion, the trend and technicals matter and can help you decide direction. $9131 Broken, Headed to $7856 We drew two horizontal lines on the Bitcoin chart to show where…
Listen, there’s a lot of debate going on right now about late-cycle dynamics. Chief among market participants’ concerns is the flattening curve, which some folks contend is trying to warn us that a recession is lurking in a dark alley a couple of blocks up the street, just waiting on us to walk by so…
“See these eyes so red Red like jungle burning bright Those who feel me near Pull the blinds and change their minds” David Bowie I woke up last Friday, with this song in my head. I cannot help but think about this third (and maybe last) attempt for the market to gain legs on the back of Granddad…
Talking Points: Jobs and wages data may give clues on UK domestic inflation. Sterling likely to be kept in check by a strong USD complex. Continued EUR weakness one option for Sterling bulls Fundamental forecast for GBP: Neutral A roller-coaster ride for GBP over the last month ended on Thursday when the Bank of England kept all policy measures unchanged…
