Over two weeks ago I officially ended my bearishness on the Australian dollar (FXA). I made that call just in time. Against the weakening U.S. dollar, the Australian dollar has gone nearly parabolic...
Since the Basic Materials sector is breaking out I would like to take an in-depth look at some of the stocks that make up the Basic Materials sector along with some commodities in general. Most commod...
Good news from the UK: consumers were more active in June. Retail sales are up 0.6% and this comes on top of an upwards revision. Year over year, sales are up 3%. Core retail sales are up 0.9% m/m and...
Last November, the USDA published a report that provides some insight into the kinds of food and drink items that recipients of its Supplemental Nutrition Assistance Program (SNAP), which used to ...
Looking at tomorrow’s main event, the much anticipated ECB announcement in which Draghi may (or may not) announce a hawkish shift to the centrral bank’s policies and/or reveal the bankR...
When the People’s Republic of China (PROC) was granted full UN status in 1971, everything was then set in motion. The successor to Chaing Kai-shek’s nationalist government in the Republic of China...
The Illinois debt saga continues. The state operated without a budget since 2015. In June, just before their fiscal year end, both S&P and Moody’s downgraded Illinois’ credit rating to one lev...
Asian shares hovered near decade highs on Thursday morning, supported by strong U.S. corporate earnings and optimism about Japanese and European central bank meetings later today. The Bank of Japan is...
One of the most frequently cited predictors of a recession is when short-term interest rates rise above long-term interest rates. This is referred to as an “inversion of the yield curve” a...