Thursday was another day that left everyone wondering what exactly they were supposed to be doing at work. I don’t even know why the Western world bothers opening markets in the week between Christmas and New Year’s day. Especially considering cryptocurrencies and FX are always available for those who need to sate their trading appetite. Stocks did manage to rise in the U.S. with the Dow closing at a new record. If the Dow holds on to a weekly gain, this will be the first time since 1954 that it’s risen in each of the last six weeks of the year: The dollar was down for a second day (and for the seventh day in nine). It’s sitting at a...
(Audio length 00:10:46) Doc is with me today to outline the discrepancies between the fundamentals and technicals. Fundamentals are pointing to a stronger dollar but when looking at technicals we are seeing weakness. Timing is important and it is typical to see fundamentals factors take longer to materialize....
Video length: 00:08:53 In tonight’s video newsletter update find out my top 3 market lessons for 2017. With these 3 invaluable lessons under your belt you should have a more consistent 2018. Watch this video now…...
“Come senators, congressmen Please heed the call Don’t stand in the doorway Don’t block up the hall For he that gets hurt Will be he who has stalled There’s a battle outside and it is ragin’ It’ll soon shake your windows and rattle your walls For the times they are a-changin’… As the present now Will later be past The order is rapidly fadin’ And the first one now will later be last For the times they are a-changin’.” Bob Dylan, The Times They Are a-Changin’ “The only constant is change.” Heraclitus Let me start out by saying that in my estimation, about 95% of short term predictions are wor...
Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 102nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The PMI increased to the highest level since March 2011. Furthermore, increases in production (best in 34 years), New Orders, Backlogs and Unfilled Orders. Of the 18 manufacturing industries, 14 reported growth in November. Sounds pretty hot, right? On December 10th, before the tax bill passed, the Financial Review published an article titled, “The US economy may be getting too hot.” Interesting idea, as the t...
Although not all markets closed positive, the overall theme certainly was. Shanghai and Hang Seng were both strong with gains made from Tech, Consumers, and Energy all adding to the near 1% gains. Volumes were again very disappointing with today’s HSI around 70% of the previous 30 days average. Much has been talked about the US Dollars weakness assisting metals and oil to exceed 2yr highs, but whilst many continue to talk precious metals it is the industrial metals that have gained. The Nikkei was one market that closed lower, a move made in the final hour of trading. Ending the day -0.6%, but we did see a 0.5% bounce in the Yen which n...
This is the time when many people make resolutions for the upcoming year. Determining to lose weight, eat healthier or exercise more are some of the most common New Year’s resolutions. But last year, financially-related New Year’s resolutions also consistently made it into the top. As 2018 approaches, you may be vowing to do better around your physical and financial health. If you fall into the latter camp, here are five ideas to get you started: Manage Your Debt Efficiently Excessive and irresponsible use of debt is one of the biggest hindrances to financial success for many people. Every dollar that goes toward paying down debt is a dol...
Bear Market Signals Triggered In previous articles, we’ve reviewed the 30 risks for 2018. Now let’s look at the 19 bear market signposts. As you can see from the image below, 11 of the 19 signposts have been triggered already. The first trigger is the Fed raising rates by more than 75 basis points. This cycle, the Fed has raised rates by 125 basis points, so that has been met. Since 1982, every bear market has been preceded by over 75 basis points of rate hikes. We aren’t at the end of the rate hike cycle yet. The current estimate on the CME Fed Watch tool has the most likely scenario being that the Fed will raise rates twice by Dec...
In this interview with Jim Goddard, I had to give another update on Bitcoin, because right now it is all anyone is talking about. But in this update, I talked about the reality of Bitcoin that Bitcoin players don’t know about as they are caught up in a bubble not knowing what is happening outside of the daily Bitcoin movements. At the same time, the stock market and gold investors don’t look at it seriously so aren’t seeing this huge thing happening with Bitcoin in its relationship with other markets. And I talk about what I really think is the best place to put money now which is gold and gold stocks....