Currencies

Global Markets Update: The Fed, Politics, And Red-Hot Stocks

The financial markets started the year off on a positive note. Although the US Dollar (CURRENCY:USD) has pulled back a bit in 2017, it is still holding near 100 on hopes of improved economic growth. During this recent pause in the dollar, the bond markets have stabilized. But major stock…

Policy Trumpacho: How And Why Markets Are Rationalizing The Irrational

“Pulling Awesome Forward”, printed on inauguration day, discussed how markets had priced in a lot of good with the S&P 500 rising ~8% since the election. You can read that post here.  A number of economic “positives” including infrastructure spend, tax reform, healthcare reform, and deregulation built a relentless bid…

U.S. Equity Market Update: 3 Key Technical Moves To Watch

There was minimal net change by Thursday’s close as equity markets trudge along into February, a notoriously difficult month seasonally for Equities in post-election years. On Thursday, the S&P 500 (INDEXSP:.INX) yet again attempted to move lower. But by end of day, the major index had regained all its losses…

January 27 COT Report: Commodities Futures In Focus

The following is a recap of the January 27 COT Report (Commitment of Traders) released by the CFTC (Commodity Futures Trading Commission) looking at COT data and futures positions of non-commercial holdings as of January 24. Note that the change in COT report data is week-over-week. Excerpts of this blog post…

S&P 500 Trading Update: One More Push Higher?

Quick Update on the U.S. equity markets US Equity futures are hanging around even, while most of Europe down about 0.50% as UBS is weighing on the financials. That said, Europe still stands to finish week up above 1%. US Dollar (CURRENCY:USD) strength continued this morning and treasury yields are also…

British Pound ETF (FXB): Further Consolidation Likely In 2017

British Pound ETF update: Expect bounce or consolidation The British Pound appears to be following the script we described in our July post and refined in our October post. On monthly charts for the CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB), we are expecting an elliott wave five-wave sequence down from…

5 Charts For Traders: Gold, US Dollar, CBOE SKEW and More

It’s time for another set of 5 macro technical charts to watch as we move toward the end of January (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at technical price developments.  And even if you’re not technical analysis minded I believe…

The Vibe: Are Broad Markets Creeping Toward A Pullback?

The Vibe: A quick, and I mean quick weekly or even bi-weekly rundown of the things Sean Emory is seeing in the market RIGHT NOW. An emphasis on broad markets, single equities, and anything in between. It’s low key good.   The Details: Investor sentiment picked up dramatically following the Trump victory in November….

The COT Report (January 20): Commodities Futures Spotlight

The following is a recap of the January 20 COT Report (Commitment Of Traders Report) released by the CFTC (Commodity Futures Trading Commission) looking at COT data and futures positions of non-commercial holdings as of January 17. Note that the change in COT report data is week-over-week. Excerpts of this blog…

Richardson GMP 2017 Market Outlook: Policy “Trumps” Cycle

The following was written by the Richardson GMP Asset Management Team:  Craig Basinger (CIO), James Price (Director), Gareth Watson (Director), Chris Kerlow (PM), Derek Benedet (Analyst), Shane Obata (Analyst), and Joey Mack (Director).   This bull market is like a fine wine that keeps getting better with age. In its eighth…