Never in the history of US equity markets has the S&P 500 closed above its 5-day moving average for 28 days in a row… until today. While most indices tracked sideways in a very narrow range today, Trannies outperformed (helped by weaker oil, but even when oil rallied intraday Trannies rallied too). VIX tracked back below…
Utilities and Health Care. These are the top two sectors in the S&P 500 this year, which may come as a surprise to many as we’re being told that economic growth is set to accelerate. Given this defensive leadership, one would assume the financial markets and economy would be having a more difficult year in 2014. As…
The purpose of central bank financial repression and ZIRP is to distort and inflate asset prices. Our monetary politburo even admits that it is in the monetary scam business via its self-serving doctrine called “wealth effects”. The game here is to drive the stock market averages ever higher through massive liquidity injections into the Wall Street dealer markets….
It’s a naturally occurring radioactive gas that can seep through cracks and crevices in houses and other enclosed spaces — and can cause lung cancer. Yet many Canadians aren’t even aware of its existence or the health risk the substance can pose. Radon, a colourless and odourless gas emitted through soil, is believed to be…
If admitting you have a problem is the first step toward recovery, then China is making progress. The question is progress to what, because the generic answer, “another debt-fueled boom” is no longer applicable. Recall that as we noted here initially in the summer of 2013, the very reason why China finds itself in a reformist quandary…
The latest Reuters poll is showing 24 out of 43 economists projecting the first rate hike in the U.S. by June of next year. The futures market is pricing lift-off by September. Citi’s latest analysis puts it in December. And all of these forecasts are running way behind the so-called Taylor Rule, which suggests that the Fed Funds…
Written by Gail Tverberg, Our Finite World The world is in a dangerous place now. A large share of oil sellers need the revenue from oil sales. They have to continue producing regardless of how low oil prices go unless they are stopped by bankruptcy, revolution, or something else that gives them a very clear signal to stop. Producers…
The Cleantech Open held its 2014 Global Forum on San Francisco’s Treasure Island and I had a first-hand view of the action. My direct involvement this year culminated with the previous day’s final pitches and investor connect speed rounds at a Financial District hotel. I stayed for the Global Forum because thought leaders invariably have…
We had expected the level at 1.2557 might act as resistance as it had acted previously as both resistance and support. Note how these “flipping” levels can work really well. The H4 chart below shows how the price printed a bearish pin bar with a bounce off this level just before Monday’s London session, shown…
Photo Credit: Shutterstock, Flags of China and Commonwealth of Australia As a part of its global expansion, Alibaba (BABA) announced today that both its payment affiliate Alipay and Taobao marketplace are committed to bringing Australian products, brands and businesses closer to Chinese customers. This move is expected to boost Chinese consumption of Australian products…
