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  • Finance 0

    Stagflation And Gold Chart Analysis

    We perform technical analysis of the charts using candlestick charting. Indicators used are the relative strength indicator as well as the stochastic. We are very bullish on the gold stocks and very bearish on the US Dollar....
    On March 14, 2018 / By
  • Finance 0

    The Dollar Index Edges Lower Following CPI Data And Rexit

    The dollar index fell following yesterday’s decision by President Trump to fire his Secretary of the State. This came as the bureau of labor statistics released a report showing that inflation had edged lower but in line with what analysts were expecting. The Month over Month (MoM) Core CPI rose to 0.2% while the annualized rate was at 1.8%. Broadly, the CPI number showed that inflation rose by 2.2%. While the latter is above the Fed’s target, the officials rarely use it because of the increased fluctuations because of food and fuel prices. After the report, the dollar index fell by almost 10 basis points. The main outlier in the index wa...
    On March 14, 2018 / By
  • Finance 0

    Profiling Correlations For The Major Asset Classes – Part 1

    The case for holding a portfolio that’s diversified across markets and asset classes is built on the assumption that return correlations will remain below 1.0 (perfect positive correlation) by more than a trivial degree. To the extent that you own assets that move independently of one another you’ll reap the rewards of diversification, which is widely celebrated as the only true free lunch in investing. Fortunately, correlations for the major asset classes are usually below 1.0. But the numbers vary and persistently low and negative correlations are rare. What should you expect when perusing pairwise correlations for the design and mana...
    On March 14, 2018 / By
  • Finance 0

    Broadcom Withdraws Offer To Acquire Qualcomm

    Broadcom (AVGO) announced that it has withdrawn and terminated its offer to acquire Qualcomm (QCOM) and has withdrawn its slate of independent director nominees for Qualcomm’s 2018 Annual Meeting of Stockholders. Broadcom today issued the following statement: “Although we are disappointed with this outcome, Broadcom will comply with the Order. Broadcom will continue to move forward with its redomiciliation process and will hold its Special Meeting of Stockholders as planned on March 23, 2018. Broadcom’s Board of Directors and management team sincerely appreciate the significant support we received from the Qualcomm and Broad...
    On March 14, 2018 / By
  • Finance 0

    Upcoming Turnaround In Gold

    More than two weeks ago, we described the very specific and very important pattern in the gold market, one of short- and medium-term importance. We wrote that the triangle apex pattern based on the intraday highs pointed to a major reversal in the first half of March. The first half of March ends this week, so the key question is if the pattern was invalidated or are we about to see a major reversal in the price of gold. In our view, the latter outcome is highly likely as it is confirmed also by other – independent – analogies. Let’s start with going back to the chart that we presented on February 26th (chart courtesy of StockCharts)....
    On March 14, 2018 / By
  • Finance 0

    Morning Call For Wednesday, March 14

    OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM18 +0.29%) this morning are up +0.23% and European stocks are up +0.19% as strength in Chinese factory output bolsters confidence in the global economic outlook. May COMEX copper (HGK18 +1.24%) is up +1.07% at a 1-week high and is lifting mining stocks and raw-material producers after China Feb industrial production rose +7.2% year-to-date, the largest increase in 3-years. Asian stocks settled lower: Japan -0.87%, Hong Kong 0.53%, China -0.57%, Taiwan -0.51%, Australia -0.66%, Singapore -0.40%, South Korea -0.31%, India -0.06%. Asian stocks followed Tuesday’s losses in U.S. ma...
    On March 14, 2018 / By
  • Finance 0

    EUR/USD: Growth Stutters At The Trend Line

    Previous: On Tuesday the 13th of March, trading on the EUR/USD pair closed up. The single currency made gains of 0.47% against the greenback to reach 1.2389. Volatility was high during the US session. This surge in volatility was down to both US inflation data and news that Donald Trump fired Rex Tillerson from the post of Secretary of State. It has already been announced that Tillerson will be replaced by CIA head Pompeo. This reshuffle at the top level of government heaped pressure on the dollar and stock markets. US10Y bond yields have dropped from 2.88 to 2.8330%. CPI data confirmed the consensus, although prices didn’t grow as much as...
    On March 14, 2018 / By
  • Finance 0

    Futures Rebound Sharply Despite Ongoing Trump Cabinet, Trade War Turmoil

    After two consecutive days of failed S&P ignition attempts, in which US stocks opened sharply higher only to close near the lows, on Wednesday the algos will try for the third consecutive time to escape the recent late-day selloff funk. S&P futures are higher after declining on Tuesday following a fresh personnel shakeup in the Trump administration and renewed US trade war speculation with China dampened investor sentiment. European stocks rose modestly led by mining shares even as Asian shares fell despite stronger than expected Chinese economic data.  Equity markets were attempting to recover after Tuesday’s hefty losses, enc...
    On March 14, 2018 / By
  • Finance 0

    Sensex Finishes Flat; Yes Bank Rises 2%

    Indian share markets recovered in the afternoon session to finish marginally lower amid mixed international markets. At the closing bell, the BSE Sensex closed lower by 21 points and the NSE Nifty finished lower by 16 points. The S&P BSE Mid Cap finished up by 0.3% while S&P BSE Small Cap finished up by 0.1%. Losses were largely seen in realty stocks, oil & gas stocks and metal stocks. Bank stocks and consumer durables’ stocks witnessed majority of the buying momentum. We generally refer to PE or price to earnings ratio to gauge whether the market is undervalued or overvalued. If we go by this ratio, th...
    On March 14, 2018 / By
  • Finance 0

    Artesan Partners Manages Investments Worldwide

    The Financial Services sector includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurances, Savings, and all such financial concerns. Today I’m reviewing an asset management outfit, a mid-cap stock, Artisan Partners Asset Management, Inc. It’s trading ticker symbol is APAM.  Artisan Partners Asset Management Inc is a global investment management firm offering investment strategies in asset classes such as equity and bonds to its clients and investors. The firm has approximately $95 billion in total assets under management. It employs fundamental analysis to create its port...
    On March 14, 2018 / By