Given how well the credit markets warned of the last two major turning points in the market I respect the message of the credit markets over the stock market when the two do not confirm each other, as they are currently.
In 2013 global natural gas production advanced 1.1% to a new all-time high of 328 billion cubic feet per day (Bcfd). Except for a one-year decline in 2008-2009, global gas production has risen fairly steadily for about three decades, and production has more than doubled during that time span...
Weekly initial jobless claims fell 19k in the week ending July 18 to 284k. This represents a new cyclical low. The four-week moving average, used to smooth out this volatile series, also has fallen to new lows.
For some time, the Chinese government has been promoting the Yuan as a medium of international trade, and reducing the influence of the U.S. dollar. A pilot program was launched in 2009, and there have been...
One of the recurring headlines adding to the “wall of worry” is the battle between U.S. hedge funds and the Argentina government over payment of the country’s bond debt stemming from the country’s 1998-2002 economic crisis.
We recently interviewed Avi Gilburt of ElliotWaveTrader.net, a widely followed metals and market analyst who is currently ranked as the highest "Opinion Leader" on gold and precious metals at Seeking Alpha. Here is a summary of his interview with Q&A below.
The standard way to make forecasts of almost anything is to look at recent trends and assume that this trend will continue, at least for the next several years. With world oil production, the trend in oil production looks fairly benign, with the trend slightly upward (Figure 1).
The July Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the June year-over-year inflation rate at 2.07%, fractionally off last month's 2.13% 19-month high...
A spike in energy prices and sharply higher interest rates have been two of the leading causes for pullbacks in the past. Also, we need to pay close attention to quarterly earnings, which are currently coming in on the strong side.
There are two ways to double the number of transistors on a computer chip: Either make the chip twice as big — not an option for small electronic devices – or halve the size of the transistors.
A benign inflation reading and a slew of earnings reports provide a reassuring backdrop for today’s trading session, with stocks on track to reverse the prior days’ geopolitics-inspired pullback.
- Bulls Take Notice - Caution Suggested as Credit Markets and Equity Markets Diverge
- Avi Gilburt: Gold Could Break Below $1000; Sees Sharp Decline in Stocks Before Final Top
- The Catalysts for a Correction
- China Buys U.S. Debt at Fastest Pace on Record
- The First Victims of the End of QE – Small Cap Stocks and Junk Bonds