A brand-new CBS poll out this week shows support for marijuana legalization is at an all-time high. A full 61% of Americans now support overall legalization of cannabis. An impressive 88% are in favor of cannabis for medical uses. We’ve come a long way since the peak of anti-pot propaganda. That same poll showed just 27% in favor of marijuana legalization back in 1979. To celebrate this ongoing shift, we’re going to look at two cannabis-related startups. Both are raising money on SeedInvest.com. Due to banking restrictions, neither of these startups directly sells marijuana. But they certainly qualify as “pot startups.” Let’s get...
Written by Richard Turnill We see three interrelated themes shaping investing this quarter: broadening reflation, low returns and the need for a different approach to diversification. We believe reflation is going global, and the reflation trade—favoring assets likely to benefit from rising growth and inflation—has room to run. We see muted returns across asset classes in the coming five years, as structural dynamics such as aging populations help keep us in a low-return world. We believe investors need to go beyond broad equity and bond exposures to diversify portfolios in today’s market environment. Against this backdrop, we broadly ...
Gold’s young upleg just enjoyed a major upside breakout, bolstering strong technicals and heralding a coming Golden Cross buy signal. Investors have started aggressively buying gold again after record-high stock markets distracted them. This gold upleg’s upside momentum is really building, portending accelerating gains in coming months. Yet sentiment remains poor, with traders still quite bearish on gold. Virtually no one is excited about gold these days. Mainstream investors continue to ignore it like usual, while contrarians largely expect a lackluster sideways grind at best. This apathy is the natural result of gold’s recent consolid...
Are markets just a bit more cautious within the cautious optimism about the French elections? EUR/USD dipped under 1.07 as the week comes to an end. This is close to 100 pips below the high levels seen early in the week and a few dozens pips below levels seen earlier in the day. The last daily poll from IFOP shows that Macron is at 24.5% against Le Pen’s 22.5%. Fillon is at 19.5% and Melenchon at 18.5%. For the nightmare scenario of Le Pen vs. Melenchon, a significant shift is needed, beyond the margins of error. However, many are still undecided. All the four scenarios for the elections and EUR/USD are in play. And, another poll ...
Personal finance tips take center stage when tax season is in full effect, and for good reason: it’s this time of the year when the importance of saving is made most apparent. It’s worth noting, however, that personal finance tips are valuable to individuals well beyond April 18th. With the right mindset and a little financial literacy on your side, there is no reason to believe you can’t maximize how far your own finances take you over the course of the entire year, but I digress. Financial literacy can transcend more than tax season; it can greatly benefit everyone and their respective businesses. In fact, it’s entirely possible ...
In a recent interview I conducted with the legendary market technician Robert Prechter, he offered some very interesting insights into how he views today’s market, along with his perspective on socionomics. He also provides us with a general forecast as to how he sees the market playing out in the coming decade. 1. How did you come across Elliott wave analysis? My dad subscribed to Richard Russell’s Dow Theory Letters, and he would occasionally forward his copies to me. In 1968, Russell began writing about A.J. Frost’s Elliott wave work. He published wave interpretations for the Dow off and on through late 1974, when he cal...
How EUR/JPY trades in the coming week hinges almost entirely on the outcome of this weekend’s French election. The results will affect the euro and risk appetite, which effectively amplifies EUR/JPY’s potential reaction. Chances are Marine Le Pen and Emmanuel Macron will be the last 2 standing and euro’s fate will depend on who has the wider margin. If Le Pen earns more votes, EUR/JPY will crash to 116 and if the margin is large enough EUR/JPY could hit 115. If Macron wins by a wide margin, EUR/JPY will soar but if the 2 candidates remain neck to neck, EUR/JPY could drift lower in fear that Le Pen still has a good chance of becoming Fra...
Gold ended 2016 at $1150.62 and since then the metal has been on a winning streak that pushed prices to a five-month high of $1295.46. As of now, the metal trades around $1286; this amounts to 11.76% gain from the Dec closing level. One may feel confused as the Fed did move interest rates higher by 25 basis points in March. Plus, the financial markets have been on the roll, while inflation has risen across the advanced world. The latest to join the inflation party was New Zealand, which reported CPI at five-year high earlier this week. So what’s behind the gold rally? Negative real yields: The bond yields across the advanced world offer neg...
As of mid-day on Friday (April 21), and during the past couple of range-bound months, the Technology sector is outperforming the large-cap and small-cap stocks, as shown on the following charts. It’s still sitting above both its 20 and 50 day moving averages, while the Dow 30, S&P 500, S&P 100, Nasdaq 100, Nasdaq Composite and Russell 2000 Indices are below their 50 MA, with bearish 20 and 50 MA crossovers. I’d watch for any signs of major weakness developing in Tech as a potential precursor to any significant drop in equities, in general. Otherwise, we could see a continued non-directional bias in the markets for some t...