Investors are under siege. A growing proportion of bonds in Europe and Japan offer negative yields. The German and Japanese curves are negative out 15-years, while one cannot find a positive yield among any tenor of Swiss government bonds. Despite a string of robust data, US Treasury coupon yields are at record lows. The UK referendum…
Monday: May Machine Orders data will be released in Japan. In Italy, May Industrial Production data will see light, followed by June’s Housing Starts data being released in Canada. Tuesday: June’s Producer Price Index will be released in Japan. In Germany, the final estimate of June’s Consumer Price Index data will see light, currently pointing at a…
For roughly a year and a half to describe market conditions, I’ve borrowed and used a concept from two classic TV shows. The Twilight Zone’s Terror at 20,000 Feet and The Simpson’s Terror at 5 ½ Feet. Both episodes depict a lonely passenger who looks out the window and sees a gremlin that nobody else can see. As recently…
We will be looking this week at the Top 15 because otherwise the only strong currency would be the JPY and the only weak currency the GBP. When looking at the Top 15 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented…
On Wednesday, the Federal Reserve released the Minutes from their June 14-15 meeting. As always, this document provides a comprehensive overview of the current state of the U.S. economy. A majority of the discussion centers on coincident indicators, which are depicted below: The above chart plots industrial production, total payroll employment, trade and manufacturing sales…
Fundamental Forecast for Gold:Neutral Gold at 2011-2012 Trendline; Major Decision Point Gold Prices Top June High But Fall Short of Convincing Breakout Gold prices advanced for a sixth consecutive week with the precious metal up more than 0.9% ahead of the New York close on Friday. Although bullion closed firmer on the week, prices were well…
EURUSD: With a reversal of its previous week’s gains seen the past week, more decline is envisaged. Support lies at the 1.1000 level. Further down, support comes in at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will target the 1.0850 level. Its weekly RSI is bearish…
While the quantitative aspect of the June jobs report was stellar, so stellar in fact that not a single Wall Street forecaster expected it would happen, the next question is what was the qualitative component of this unprecedented Establishment Survey beat. Here are the details of the 287K jobs supposedly added: Leisure and Hospitality added…
There is a lighter news schedule this week, which includes input from central banks concerning the GBP and CAD, as well as some fairly important U.S. economic data later in the week. Markets are still focused on the better than expected U.S. data last Friday which pushed the major U.S. equity index to a weekly…
Northern Small Cap Value Fund (NOSGX – MF report) a Zacks Rank #2 (Buy) was created in April 1994 and is managed by Northern Trust Investments. NOSGX seeks to provide long-term capital appreciation. NOSGX employs a highly structured, value-oriented approach. NOSGX invests, under normal circumstances, at least 80% of its net assets in the equity securities of small capitalization…
