Kurt Osterberg

Browsing All Posts By Kurt Osterberg

Finance 0
Oil Prices Snap Bullish Sequence Ahead Of EIA Inventory Update

Ticker Last High Low Daily Change ($) Daily Range ($) GBP/USD 1.2921 1.2948 1.2894 1 54 Dismal prints coming out of the U.K. economy paired with mixed rhetoric from Bank of England (BoE) officials may...
On July 5, 2017 / By Kurt Osterberg
Finance 0
FOMC Minutes Show “Divided” Fed Fearful Of High Asset Prices, Low Inflation

Having hiked in June amid gravely disappointing macroeconomic data, all eyes are now on the minutes for inflation (weakness blamed on “idiosyncratic factors”), labor market (concerns about...
On July 5, 2017 / By Kurt Osterberg
Finance 0
Factory Orders Down Second Month: Consumer Demand For Junk Falters, Auto Sector Channel Stuffing

The manufacturing sector is not quite on a roll despite the widespread belief in ISM reports and Fed regional activity reports that have been wildly off the mark. Factory orders for May came in at -0....
On July 5, 2017 / By Kurt Osterberg
Finance 0
The Golden Age Has Just Begun

In recent issues of Seasonal Insights I have discussed two asset classes that tend to suffer performance problems in most years until the autumn, namely stocks and bitcoin. I thought you might fo...
On July 5, 2017 / By Kurt Osterberg
Finance 0
Bitcoin Markets Compared With Fiat, Gold, And Famous Billionaires

Since 2009, Bitcoin has made a long road and has overcome many obstacles on its journey. The Bitcoin price has grown exponentially, and its market cap is at the time of writing over $41 bln, which is ...
On July 5, 2017 / By Kurt Osterberg
Finance 0
Fed Officials Say More Hikes Are On The Way, Markets Disagree

Federal Reserve Chairwoman Janet Yellen says she is planning more hikes in the Fed funds rate, but you wouldn’t know it by watching the markets. So far, the response in foreign exchange, bonds, and ...
On July 5, 2017 / By Kurt Osterberg
Finance 0
Oil Plunges As Russia ‘Throws Cold Water’ On Bull Thesis

First thing this morning, we noted that crude fell off a cliff just after 4:30 a.m. EST. That move lower was blamed on Brent’s inability to move above $50. Whatever you want to say about it, the f...
On July 5, 2017 / By Kurt Osterberg
Finance 0
Dismal Data Sends Stocks Back To Highs But Bonds Ain’t Buying It

Stocks “V-shaped” recovery off the lows, thanks to a good squeeze in FANG stocks, is blindly ignoring the tumble in WTI crude, the drop in Treasury yields, and the weakness in USD/JPY̷...
On July 5, 2017 / By Kurt Osterberg
Finance 0
Merck Seen As Having Potential ‘Category Killer’ In HIV Market

Investors are underestimating the negative impact that upcoming macro trends and potential government actions could have on the HIV drug market, warned Citi. As a result, the firm downgraded GlaxoSmit...
On July 5, 2017 / By Kurt Osterberg
Finance 0
Market Cap To GDP: An Updated Look At The Buffett Valuation Indicator

Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001 he remarked in a Fortune Magazine interview that “it is pro...
On July 5, 2017 / By Kurt Osterberg