Technical Analysis

Opening Bell: U.S. Futures, European Stocks Bounce Back; Gold, Oil Slip

US futures rebound; STOXX Europe 600, Hang Seng tick higher on HSBC earnings beats boosts Oil, yen and gold fall on dollar strength Yields enter downtrend on investors’ flight to safety Key Events Europe shares opened higher and US futures rebounded this morning, shaking off the negative sentiment permeating Asian markets as the worst month for equity investors since the ...

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Should You Brace For Dollar Gains And Equity Pain?

It was a brutal week for equities with the falling more than 3% and the slipping 4%. This is the fourth out of five weeks that the S&P 500 has fallen. Typically when we see such sharp declines in equities and increase in day-to-day volatility, currencies are punished broadly. However some but not all of the major currencies experienced losses ...

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Global Market Watch – The Week Ahead

4 things to watch as the trading week unfolds: 1) DXY is coming of a strong week that saw it reach its highest level since August, although it did give back some of the gains on Friday. There will be plenty of data releases for traders to digest, and I expect we will see some volatility in the dollar for ...

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Investing Advice From Uncle Polonius – Illustrated

Over the weekend, I was reviewing some old commentary and stumbled across a piece from 2012 which contained an excerpt from Jeremy Grantham who is the famed investor at GMO. I have spoken, and written many times in the past, that the media and Wall Street alike promotes the bullish and optimistic views not because it is correct – but ...

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U.S. Bonds Edged Up Last Week As Stocks Tumbled Worldwide

A rush into safe-haven US Treasuries dominated last week’s trading action for winners amid a rout in equity markets around the world, based on profiling the major asset classes via a set of exchange-traded products. Investment-grade US fixed-income topped the leaderboard last week: Vanguard Total Bond Market () added 0.4% over the five trading days through Oct. 26. The gain ...

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Trend Breaks And A Plunge-Worthy Housing Slowdown

I saw a flicker of hope for home builders in the May Housing Market Review. Traders decided to snuff that flicker out very quickly afterward. When I wrote June’s housing market review and described a “struggling flicker,” the iShares US Home Construction ETF (NYSE:) was once again bouncing off the bottom of 2018’s trading range. By the time of the ...

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Turning Points For The Week Of October 22-26

Summary This week, the BEA released the first estimate of 3Q , which showed continued increases. PCEs are up across the board, as is government spending. Investment increased, but only in IP spending; companies are slowing their physical investment. The purpose of the Turning Points Newsletter is to look at the long-leading, leading, and coincidental indicators to determine if the ...

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Near-Term Bounce In Pro-Cyclicals Could Be In Play

Friday’s US session started in much the same way as some of the previous days this week: with US stock indices opening deeply in the red. After a bounce-back on Thursday, risk sentiment was hurt by disappointing earnings reports from tech giants Amazon (NASDAQ:) and Alphabet (NASDAQ:, ) and by 11:00 ET (15:00 GMT), the widely watched was trading off ...

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Final GDP Estimates For GDPNow And Nowcast Tick Lower

GDPNow And Nowcast Forecast Early in the quarter, there was talk of a Trumpian 5% GDP in the third quarter. The low- to mid-3s is more likely. Compared to early projections, more believable GDP forecasts are now in the works, at least for GDPNow. I suspect GDPNow is still a bit high, and Nowcast more than a bit low. I ...

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Eastern (China) Monetary Drought | Investing.com

Smug Central Planners Looking back at the past decade, it would be easy to conclude that central planners have good reason to be smug. After all, the Earth is still turning. The “GFC” did not sink us, instead we were promptly gifted the biggest bubble of all time – in everything, to boot. We like to refer to it as ...

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