The pervasive narrative on Wall Street is that the collapse in oil prices will, any second now, restore consumers to their profligate spending ways. In fact, financial pundits have...
In my last few posts, I’ve been sharply criticizing the portfolios delivered by the aggressively marketed and heavily publicized large generalist robo-advising firms. While the...
The crowd piled into investment-grade bonds last week as economic worries triggered an exodus out of risky assets. Reviewing the major asset classes for the week just passed thro...
That was a rough first week of February for the US Dollar. After interest rate markets priced out any rate hikes by the Federal Reserve this year, the greenback slid across the bo...
The Chinese Year of the Monkey has started today, kicking off a week of public holidays in China during which all trading will be suspended. This vacation may be a nice breather fo...
Silver is one of my favorite commodities to follow, and for good reason. Silver is one of the unique commodities in the sense that it is not just a commodity that’s used by th...
Many markets are closed in Asia, and although Tokyo managed posted equity gain, most other markets in the region that were open fell. And the selling pace picked up in Europe....
EUR/USD Intraday: key resistance at 1.1180. Pivot: 1.1180 Most likely scenario: short positions below 1.1180 with targets @ 1.1070 & 1.1030 in extension. Alternative scenario: ...
We begin with Friday’s US employment report. The number of jobs created in January was below consensus but the market interpreted the figures as “hawkish” (potent...
Last Thursday when we recounted the story of how Venezuela is now literally flying in paper money (using three dozen cargo Boeing 747s), we wrote that “Venezuela’s hy...