It was a holiday shortened trading day in the U.S., but it was enough time to deliver a bit of relief for the U.S. dollar index (DXY0). The U.S. dollar index (DXY0) bounced sharply off a 9-month low. ...
“How did the stock market do today?” At surface, this seems like a simple question – but it’s also deceptively difficult to answer. The market can be defined as many different things, and ther...
I would like to provide an update on what my expectations are with respect to Gold and PMs for the remainder of 2017. First off, I now no longer feel that early May hosted the ICL for Gold and PMs b...
I recently heard Amazon, the world’s largest online retailer, described as a “bull in a china shop” for the way it’s disrupted industry after industry. But that’s really the wrong analogy. A...
The ISM Manufacturing survey improved and remained in expansion. The key internals correlated and remained in expansion. The Markit PMI manufacturing Index, also released today, is in positive territo...
After an optimistic overnight buying panic, markets nose-dived into the early close today led by Big Tech stocks… With FANG at 2-month lows. Bonds were also dumped as the dollar rallied. Howev...
Japan’s core inflation (excluding food) increased for the fifth straight month in May 2017. It grew 0.4% in the month compared with 0.3% in April. This was the fastest rise in more than two years, b...
For the past few years, we’ve been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series, we focus on the population adjusted data. L...
Over the weekend we told you to watch the Nasdaq and specifically FB. Today’s trading was the pay-off. Going into the 4th of July be wary of the media calling stocks at all time highs. They will...
This is going to be an interesting month and I think it will end up being a wild one for most stock market traders. We have all gotten used to low volatility in the markets, but that is likely to chan...