Is the Copper Price Decline About to Turn Ugly Again?
Although copper isn't the economic bellwether that it was 50 years ago, it is still an important barometer of economic activity.
As you can see...
Can Alibaba Stock (BABA) and China ETF (FXI) Push Through Resistance?
August 10, I appeared on CNBC Asia to discuss Alibaba’s surprise beat on earnings and China’s weak economic data.
I began the segment reminding investors...
U.S. Dollar Testing Important Support; Gold Bulls Watching!
The U.S. Dollar has been in a choppy rising trend higher since bottoming in 2007/2008.
You can see that rising channel in today's long-term chart...
Oil and Gas Sector ETF (XOP) and Stocks Continue Bullish Trading
After pausing at the initial MOB target band, the XOP had an impulsive bullish move above that zone.
This, to me, signals a strong lack...
Stimulus and Consumption Are Fueling Economic Resilience
The economy has marched forward, ignoring higher interest rates and consistent calls for a recession. Credit goes to “We The People,” the citizens of...
Improving Earnings, a Strong Amazon consumer, ChatGPT, and Credit Spreads
We are now past the halfway point of the earnings season, and the outcomes have been robust. Companies have been outperforming expectations by an...
A Fresh Look at Precious Metals
We finished a very heavy week filled with all kinds of economic data:
Fitch Downgrade
Earnings-Amazon up Apple down
Jobs Report-Wages rising
Treasury Yields higher-at October 2022 highs
Record...
Are Tech Stocks About To Falter? Or Ready To Lead Again?
The main bank of stock market leadership has come from the technology sector.
Let's face it, tech stocks have been market leaders for years and...
Granddad Russell, Grandma Retail and Grand Debt
On August 1st as many cheered the rise in GDP, partly because consumer spending is 70% of the GDP, another agency did not cheer...
Are 10-Year Yields Nearing Historic Breakout To New Highs?
Interest rates remain in the spotlight with investors watching every economic data release and wondering when the Federal Reserve will stop raising rates.
Well, one...
