Today is the first trading day of March! Last month was a wild one so let me tell you what I think we can expect for March. First of all, we saw the Dow fell 10% in early February and even fall 1,000 points in a single day. That drop scared people for about 72…
USD/CAD extended its upside movement from 1.2450 to as high as 1.2848. Further rise is still possible after a minor consolidation and next target would be at 1.2900 area. Support is located at the bullish trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the…
The stock market leads inflation in big movements May support theories about expected inflation rather than actual inflation has the main impact “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” – Benjamin Graham
Here are the currencies and commodities that do well or poorly in March, historically. Statistics include how often the prices rise or fall, and by how much, on average. Tickers mentioned: USDMXN, USDCAD, Oil (CL, USO), Natural Gas (NG, UNG), Corn (ZC, CORN), Gold (GC, GLD), Coffee (KC, JO), and Sugar (SB, SGG). Statistics are…
Trading the News: U.S. ISM Manufacturing A minor downward revision in the U.S. ISM Manufacturing survey may do little to curb the recent decline in EUR/USD as the Federal Open Market Committee (FOMC) appears to be on course to deliver a March rate-hike. The U.S. dollar remains bid following the testimony from Chairman Jerome Powell, and the greenback may…
Trading below 1,309 will activate stop orders. Source: INVESTING.com
The Fed blows bubbles. Then it eventually pops them. Where are we in the cycle? Bill Bonner writes This Has Predicted Every Market Crash in History. I recreated the chart in Fred and added trendlines. But let’s tune in to Bill Bonner. “Buy the dip” has worked for the last 38 years. And now, investors are…
Economists are supposed to monitor and analyze the economy, warn us if risks are getting out of hand, and advise us on how to make things run more effectively — right? Well, even though that’s what most people expect from economists, it’s not at all how they see their role, warns CFA and behavioral economist Daniel…
Figure 1: Goods trade balance (blue), and trade balance (red), in billions of $, SAAR. Orange shading denotes 2017M01-onward. Source: BEA/Census, author’s calculations. I think I’ve had enough of “winning so much”.
Thursday’s stock picks Long Autodesk (ADSK) Long Applied Materials (AMAT) Short FMC Corp (FMC)
