One of our greatest fears is being forced, for economic reasons, to consume dry, boneless, skinless, tasteless chicken breasts. Beef is the proper food for people, not the meat of something that when free range raised pecks in the dirt.
Throughout the decline I maintained we were merely dealing with a cooling off period in a strong bull market, and the data highlighted below continues to support the notion as the market’s long-term trend and momentum remain in bullish territory.
Last August, I wrote an article about an intermediate bottom in gold, but that a more meaningful long-term bottom would still take time and price. I explained how important it was to allow long-term moving averages to stop falling, which would take...
The latest issue of the NFIB Small Business Economic Trends is out today. The February update for January came in at 94.1, up 0.2 points from the previous month's 93.9 and the third month of improvement.
It’s nine years and counting since the Keystone pipeline was first proposed and TransCanada is still waiting for Presidential approval to build the line. An environmental assessment report from the US State Department that landed last week would seem to move TransCanada’s hopes forward, but the pipeline’s ultimate fate is still very much in limbo.
Bitcoin attracts political idealists from the right, political idealists from the left, Silicon Valley technologists, social science academics, philosophers, capitalists, socialists, and even apolitical speculators.
For those rich in assets, 2013 was a good year. Equity markets, especially in the US, rose substantially. Property markets continued their recovery. Even bonds, which lose value when interest rates rise, did well overall due to spread compression and the generous ‘roll-yield’ associated with steep yield curves.
The markets plunged early this week on a disappointing ISM reading with a retest of Monday’s lows on Wednesday before rallying the rest of the week with the S&P 500 up 0.70% on the week. In last week’s report I stated we should expect a bounce this week as all of my intermediate timing indicators had reached oversold territory...
Looking at fund flows out of the SPY shows a record outflow this week and indicates we likely have seen selling capitulation. That said, we need to get past tomorrow's big jobs report, which could swing the markets strongly in either direction.