By Gary TanashianOver and over again I've been making goofy headlines about the Amigos, the 3 macro riders who will reach (or abort) their respective destinations, at which point the macro is subject to change. The latest update was yesterday with a daily chart view.Just look at them, the SPX vs. Gold Amigo, the 10yr & 30yr Yield Amigo and the Yield Curve Amigo. So happy-go-lucky while they ride...Read More
Disclosures in the December 2017 statement of account published by the Bank for International Settlements --https://www.bis.org/banking/balsheet/statofacc171231.pdf-- indicate that during December the bank reduced substantially its use of gold swaps and other gold-related derivatives. The information provided in the BIS monthly statement of account is not sufficient to calculate a precise amount...Read More
By David HaggithI'm pretty sure the nation's favorite groundhog, Punxsutawney Phil, knows more about the weather than he does about markets, and I'm not all that sure he knows anything about the weather! In fact, I don't understand the underground methods of this rodent resident of Gobbler's Knob at all. It would seem to me that sighting his shadow should indicate a nice sunny day, which in turn...Read More
By Steve St. AngeloWith the Dow Jones Index falling 665 points today, the risk of a large market correction has just increased significantly. Ironically, I discussed the very indicators that were setting up for a huge market correction in my newest video which I recorded on Tuesday. Unfortunately, I wasn't able to get the video posted on my Youtube channel on Friday morning and now on my we...Read More
By Gary SavageThe correction occurring in the stock market is a normal profit taking event following the development of an extremely right translated cycle. This video examines this correction in the context of stock's entire bull market and projects where stocks will go from here.https://blog.smartmoneytrackerpremium.com/ Read More
DUBAI, Feb 4 (Reuters) - Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Stocks plunge as U.S. jobs data spikes bond yields * MIDEAST STOCKS-Gulf mostly firm but surprise Q4 loss hits Saudi's Ma'aden * Oil falls on strong dollar, stalling rally that o...Read More
FRANKFURT, Feb 3 (Reuters) - German chipmaker Infineon sees no need to spin off or list any of its units, its chief executive told a German weekly when asked whether that would be a possible way of raking in cash."Infineon's setup enables the interaction of various competences in a very good way. Therefore, there is no need to give individual units their own access to the capital market,"...Read More
(Refiles to make clear interview with minister was in person, not on the phone, fixes typo in second reference to Koroma)FREETOWN, Feb 2 (Reuters) - Sierra Leone's finance minister on Friday played down a decision by the IMF to delay a disbursement because of the West African country's failure to improve revenue collection, saying the fund would return in May to discuss the programme.The IMF said...Read More
Unemployment rate holds at 4.1%, matching lowest since 2000Average workweek unexpectedly falls to 34.3 hours from 34.5U.S. January payrolls rose by 200,000, while the jobless rate held at 4.1 percent. Bloomberg's Michael McKee reports.U.S. hiring picked up in January and wages rose at the fastest annual pace since the recession ended, as the economy’s steady move toward full employment exte...Read More
The Dow Jones Industrial Average plunged 665 points and other stock indexes fell sharply as bond yields spiked on Friday, Feb. 2, after the U.S. added 200,000 jobs to payrolls in January, above forecasts, and yearly wage gains rose at the fastest pace since the Great Recession of 2008-2009. It was the sixth largest single-day point drop for the Dow in history. The Dow declined by 2.5%...Read More
Adam HamiltonArchivesFeb 02, 2018 Global investors are radically underinvested in gold today. Years of relentless stock-market rallying to endless new record highs have left this classic alternative investment deeply out of favor. But this gold-demand ebb is ending. The same central banks that fueled these extreme stock markets through epic easing are reversing to massive and unprecedented tighten...Read More
10-year yield tops 2.83%, dollar erases losses for weekS&P 500 down 3.9 percent in week, most since early 2016U.S. Adds 200,000 Jobs in Jan., Jobless Rate Holds at 4.1%The Dow Jones Industrial Average tumbled 666 points in the biggest plunge since June 2016, as the worsening bond rout stirred angst that the Federal Reserve will accelerate its rate-hike schedule.Solid jobs data that underscored the...Read More
Bitcoin prices continued their sharp decline Friday, taking the value of the world's best-known cryptocurrency to the lowest levels since November amid a global digital coin selloff that has loped more than $400 billion from its market value. Bitcoins were marked at $7,770.00 each on the bitstamp exchange in Luxembourg, which feeds prices into the CME Group futures contract, down 13.6...Read More
U.S. equity futures held sharp losses on Friday, Feb. 2, after the U.S. added 200,000 jobs to payrolls in January, above forecasts, and yearly wage gains rose at the fastest pace since 2009. Economists were forecasting jobs gains of 175,000 last month. The unemployment rate of 4.1% in January held steady from December. But yearly wages rose 2.9% from 2.6% after average hourly wages rose 9 c...Read More
After Trump announced the steep 30% U.S. tariffs on imports of solar panels and washing machines. the Chinese Commerce Ministry expressed "strong dissatisfaction" and said it "aggravates the global trade environment."Trump is not done with tariffs. In the days and weeks ahead, we can expect further announcements with regard to steel and aluminum imports to the U.S. Again, such imports come largely...Read More
Ready or not, a trade war between the U.S. and China is underway.On Monday, Jan. 22, President Trump announced steep 30% U.S. tariffs on imports of solar panels and washing machines.What was significant about these tariffs is that they are being applied worldwide. The tariffs are not aimed at China alone, but China is by far the largest source of solar panels shipped to the U.S., and China and Sou...Read More
Buckle your seatbelt - the market has been on a bumpy ride this week.And in light of the recent sell-off in pot stocks, it's worth taking a deeper look at what's happening in the markets.Consider this your pot-stock correction survival guide.Of course, this isn't the first correction in pot stocks we've weathered over the past year.But it is the first time in a long time that all the pot markets h...Read More
Even the best predictions aren't always accurate.Weather forecasters were expecting a cloudy, dreary morning in western Pennsylvania. Yet the famous groundhog Punxsutawney Phil still managed to see his shadow this morning. If legend holds true, that means we'll have to bundle up for six more weeks of frigid winter weather.Stocks were also spooked by their shadows this Groundhog Day. Futures are dr...Read More
Did you watch Trump’s State of the Union Address? The whole thing??I don’t blame you if you skipped out early. Because according to one commentator, this was the third longest speech of its kind in American history!But if you did turn off the TV to call it a night early, you may have missed the latest information on Trump’s $1.5 trillion plan. And as an investor, you do NOT want...Read More
We're constantly being told nowadays that the economy has been gathering steam and we can expect further growth ahead.OK, fine, but let's take a look at real U.S. GDP annual growth since the recession ended in 2009:2010: 2.5%2011: 1.6%2012: 2.2%2013: 1.7%2014: 2.6%2015: 2.9%2016: 1.5%2017: 2.3%It all averages out to: 2.16%.Where's the steam? Can someone show me the “Trump Boom” please?...Read More