Financial Sense

A Look at Long-Term Secular Bull and Bear Markets
Doug Short's picture

Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? At this point, over five-and-a-half years later, the S&P 500 has set an inflation-adjusted record high based on monthly averages of daily closes...


No Foolin' - ADP Weaker than Expected
Sheraz Mian's picture

This morning’s soft private-sector jobs report from the ADP jobs report is in line with the recent trend of weakening economic momentum — the data is still strong, but nevertheless on the weak side. The picture emerging from the data thus far is that the...


Could a Geometric Shape Save the Bulls?
Chris Ciovacco's picture

Points A, B, C, and D in the chart below show a series of higher lows. The higher lows tell us that buying conviction has exceeded selling conviction at higher and higher levels in recent months. Another way to visualize the formation of the triangle is that dip buyers...


Yellen's Speech: Labor Markets and Nonlinear Dynamics
Tim Duy PhD's picture

I came back from Spring Break vacation to find a detailed speech by Fed Chair Janet Yellen that further lays the groundwork for rate hikes to begin later this year. The speech is a remarkably clear elucidation of her views and provides plenty of insight into what we should...


Expect Volatility With First Decline in Corporate Earnings in Three Years
Matthew Kerkhoff's picture

So far 85 companies in the S&P 500 have issued negative EPS guidance, and only 16 have issued positive guidance. We could be in for a tough earnings season and if that’s the case, there’s a good chance more choppy trading lies ahead for stocks...


Is Greece's Debt Odious?
Marc Chandler's picture

There is a legal concept called "odious debts." It can be traced back more than a century. The US helped create a precedent for it by denying Cuba's responsibility for the debt incurred under Spanish colonial rule. The concept took on added significance...


The Middle Eastern Balance of Power Matures
George Friedman PhD's picture

Last week, a coalition of predominantly Sunni Arab countries, primarily from the Arabian Peninsula and organized by Saudi Arabia, launched airstrikes in Yemen that have continued into this week. The airstrikes target Yemeni al-Houthis, a Shiite sect supported...


Gold Prices 'Somewhat Bearish' After Short-Covering Rally
Adrian Ash's picture

Gold prices erased last week's gain versus the dollar Monday morning, briefly trading below $1183 per ounce as the US currency extended its recovery from mid-March's drop. Silver also erased last week's dollar gain, falling almost 4% from Thursday's 1-month high...


Texas Town First of Many to Switch to 100% Renewable Power
Oil Price's picture

On March 18 the city of Georgetown, Texas announced that it would soon be generating 100 percent of its electricity from renewable sources without any help from coal, oil, natural gas, or nuclear power. Georgetown will be the first of many cities in Texas...


Frenzied Speculative Activity in China's Equity Markets
Sober Look's picture

With property markets in trouble, China's speculative investors are turning to equities. Moreover, increasing numbers of new investors are entering the markets. Last week we saw more than a million new A-share accounts opened, with brokerage firms having...


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