Comment The chart below comes from our friend Ron Griess at The Chart Store. It shows the pattern of higher highs achieved since late 2012. It also shows how yesterday’s decline broke this pattern with a lower low. We are fans of technical analysis and sometimes the simplest tools are the most powerful. The chart… Continue reading What Is The Trend Of The Stock Market?
Comment Jim Bianco was on Reuters TV on Friday discussing the markets. To view the interview, click on the image above. To view any our recent interviews click here.
<Click on graphic for larger image> <Click on chart for larger image> <Click on chart for larger image> Comment Germany’s business confidence is slumping (first chart above), German stocks are diving and bond yields are at record lows. You don’t need a PhD in economics to interpret these charts. The Wall Street Journal – German… Continue reading Germany Slumps
The Wall Street Journal – Asian Market Hubs Move Into Gold Demand From Region Is World’s Largest but Most Trading Is in West Asians buy most of the world’s gold, but nearly all of it trades in London. Now, with Western investors souring on the metal, the region is making a bid for some of… Continue reading Asia and Gold
<Click on chart for larger image> The Financial Times – ‘Fear gauge’ at highest since eurozone crisis US stock market volatility has jumped to the highest since the eurozone debt crisis, according to a closely watched index highlighting the global turbulence created by worries over the world economic recovery. Swings in global share price movements… Continue reading What Does The VIX Tell Us? Almost Nothing
Market Watch – Michael Sincere: This is the most dangerous stock market since 2008 Volatility has returned to the market. To be specific, the market has rallied, sold off, rallied, and sold off, all in one week. This is ideal for day traders but unnerving for individual investors. It is also a big red warning… Continue reading “Repent, The End Is Near!” Stock Market Talk
The Telegraph (UK) – Ambrose Evans-Pritchard: The great Lira revolt has begun in Italy Italy’s Five Star Movement has thrown down the gauntlet, calling for a euro referendum to end depression and save democracy The die is cast in Italy. Beppe Grillo’s Five Star movement has launched a petition to drive for Italian withdrawal from… Continue reading Is Italy Leaving The Euro?
<Click on graphic for larger image> The Economist – When did globalisation start? The influx of about 150,000 tonnes of silver from Mexico and Bolivia by the Spanish and Portuguese Empires after 1500 reversed the downwards price trends of the medieval period. Instead, prices rose dramatically in Europe by a factor of six or seven… Continue reading Globalization
Bloomberg – No Happy Ending for Investors in Central Bank Fairy Tale You know it’s a special moment in the financial markets when analysts ditch the jargon and reach for artistic references. Ed Yardeni cited “The Wizard of Oz.” International Monetary Fund Managing Director Christine Lagarde went with both “Alice in Wonderland” and Harry Potter.… Continue reading Central Banks Exit
Real Clear Market – Cliff Asness: The Inflation Imputation In 2010, I co-signed an open letter warning that the Fed’s experiment with an unprecedented level of loose monetary policy – in amount, and in unorthodox method – created a risk of serious inflation. Sporadically journalists and others have noted that this risk has not come… Continue reading Asness Lays Into Krugman
Politico – Ebola threatens chocolate Ebola is threatening much of the world’s chocolate supply. Ivory Coast, the world’s largest producer of cacao, the raw ingredient in M&M’s, Butterfingers and Snickers Bars, has shut down its borders with Liberia and Guinea, putting a major crimp on the workforce needed to pick the beans that end up… Continue reading Ebola Fears
<Click on chart for larger image> <Click on chart for larger image> The Wall Street Journal – Yen Weaker Now Than at Time of 1985 Plaza Accord To calculate the currency’s relative strength, the central bank compares the yen exchange rate against 59 of its trading partners, weighting each currency according to the value of… Continue reading Japan’s Exchange Rates