This week the market has seen a greater loss in momentum and breadth, which suggests we are on a much weaker foundation than was seen in 2013. Interestingly, while US markets are beginning to show signs of exhaustion, there are signs of life in emerging markets.
In his recent interview with Financial Sense, trading expert Joe Saluzzi explains how HFT is fleecing investors by extracting "billions and billions of dollars" to feed a machine that adds no value to the financial system.
As we move into April, it’s important to look at the stock market’s long history of making most of its gains each year in a favorable ‘season’ of November to April, while most of its corrections and bear market down-legs take place in an unfavorable season from May to October.
Kim Wallace of Renaissance Macro Research tells Financial Sense Newshour listeners that the Affordable Care Act has made the hot-button issue of entitlement reform even less politically viable.
Federal Reserve Chair Janet Yellen recently used her “jobs data dashboard” to justify the Fed’s easy money policies and to argue there’s still considerable slack in the labor market five years after the recession’s end.
The basic idea of capital controls is that the government thinks it can tell the difference between “good” and “bad” types of money moving in or out. As we’ll see below, arbitragers are clever and will do whatever it takes to make their transactions look like the “good” kind.