Friday, June 16, 2017
The Market Effects of Another Interest Rate Hike / Stock-Markets / Financial Markets 2017
By: Donald_W_Dony
Yesterday's much anticipated Fed interest rate increase has done little to change the mood on Wall Street.
The FOMC raised the Fed Funds rate by another 25 bps on Wednesday as Fed chair Janet Yellen saw the US economy advancing at a "measured" rate.
This is the 2nd time the Fed has increased rates this year and the 3rd time in as many quarters.
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Friday, June 16, 2017
British Election Sends Shockwaves Felt Here and Abroad / Politics / UK Politics
By: John_Browne
Last week's General Election in the United Kingdom was a disaster for the new conservative government of Prime Minster Theresa May. Having called the unnecessary "snap" elections in order to strengthen her political hand, the result actually reduced the number of seats held by the conservatives and delivered large gains to the opposition Labour party, which had seemed in disarray just a few months ago. Although she has announced no plans to step down, her position has been severely weakened, possibly fatally. More pointedly, the UK's hand in negotiating favorable Brexit terms has eroded substantially. Besides creating significant ramifications for the European and global economy, the election also provides important lessons for the potential state of American politics.
Friday, June 16, 2017
Heating Oil Bottom Is In.(probably) / Commodities / Commodities Trading
By: Stephen_Cox
MRI Trading Signals has identified a high probability of a HEATING OIL LOW, at least for awhile. It may be a stretch to see the nearby HON 17 (141.13) close above the previous week’s close 143.70, requiring a 2.57+ net change on Friday. IF that happens then HO is confirming the WEEKLY TIME SETUP in the ACL and LCL Closing Line Chart Frames- 3D, 5(F)A, 13(F)a and 30(G)a to WK 07 NOV’16 and 45(G)a to WK 25 JUL’16.
Friday, June 16, 2017
Here’s the Investing Reason Active Funds Can’t Beat Passive Funds—and It Worries Me a Lot / Stock-Markets / Investing 2017
By: John_Mauldin
I’ve touched on the issue of passive investing quite a few times. But this time, I want to show a few charts that illustrate the extent of the problems that are building up in the passive index world.
It is not just ETFs, but also index mutual funds and the enormous amount of pension and insurance funds, along with many trust funds, that are passively invested directly in stocks. They simply duplicate indexes.
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Friday, June 16, 2017
Is There Gold “Hype” and is Gold an Emotional Trade? / Commodities / Gold and Silver 2017
By: GoldCore
– Very little hype in gold
– Sentiment is important in the gold market as is other markets particularly stocks
– Article ignores the large body of research showing gold is safe haven asset
– Gold may struggle to breach $1,300 in short term
– Trading gold and short term speculation is high risk and for professionals
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Friday, June 16, 2017
Grenfell Tower Cladding Fire Disaster, 4,000 Ticking Time Bombs, Sheffield Council Flats Panic! / Politics / Health and Safety
By: Nadeem_Walayat
The residents Grenfell Tower have paid the heavy price for the cladding refurbishment craze that has been sweeping Britain for the past decade. One of 30 to 50 year old social housing tower blocks, many of which that should have been demolished but instead are being dolled up with cladding and insulation to reduce energy costs to make them externally more appealing to both residents, visitors and most importantly nearby affluent areas as was the case with Grenfell Tower, a pocket of social housing in Kensington, probably the most affluent area of Britain. An area where millionaires can be found living within 100 metres of taxi drivers, refugees and the other low paid workers necessary for the functioning of London. The rich just could not stand the view form their mansions as they looked out upon modernist concrete tower blocks, so they rich got their way as most of the nations concrete tower blocks have been all cladded up.
Friday, June 16, 2017
USDJPY Still Under Pressure / Currencies / US Dollar
By: Franco_Shao
USDJPY stays below the bearish trend line from 111.71 to 110.81 with resistance at around 110.20 on its 4-hour chart, suggesting that the pair remains in bearish movement from the May 11 high of 114.36. As long as the pair is below the trend line, the bearish move could be expected to continue, and next target would be at the April 17 low of 108.13. A breakdown below 108.13 support will indicate that the longer term downtrend from the December 2016 high of 118.66 has resumed, then the pair will find next support at the 61.8% Fibonacci retracement taken from the June 2016 low of 98.97 to 118.66 at around 106.50.
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Thursday, June 15, 2017
Counting Down the LAST DAYS of the Stocks Bull Market, at FIVE degrees of trend! / Stock-Markets / Stock Market 2017
By: Enda_Glynn
My Bias: market topping process ongoing
Wave Structure: Impulsive 5 wave structure, possibly topping in an all time high.
Long term wave count: Topping in wave (5)
Important risk events: USD: Unemployment Claims, Empire State Manufacturing Index.
Thursday, June 15, 2017
How Precious Metals Can Help Protect Your Wealth from Hackers / Commodities / Gold and Silver 2017
By: MoneyMetals
Could your wealth be hacked? It’s a threat most investors overlook. But they do so at their own peril.
If elections can be hacked, then so can bank and brokerage accounts, as well as any online platforms for digital currencies.
More than five months into Donald Trump’s presidency, the “Russia hacked the election” conspiracy theories still won’t go away. They’re expanding to also implicate Russian hackers for meddling in elections in France and elsewhere. The latest Russian hacking story centers on Qatar.
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Thursday, June 15, 2017
The War On Cash Is Now Becoming The War On Cryptocurrency / Currencies / Bitcoin
By: Jeff_Berwick
The US government is the most bankrupt government in the history of the world. At $19.9 trillion, nothing even comes close. The next closest are the EU and Japan with approximately $9 trillion in debt… not even half as much as the US!
And, when you add up all US government debt and liabilities - which are things already spent but which need to be paid for in the future - it works out to somewhere between $100 and $200 trillion.
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Thursday, June 15, 2017
The US Dollar Bull Case / Currencies / US Dollar
By: Rambus_Chartology
I see just about everyone has their own theory or trading discipline on where the US dollar is headed next. It’s all these different ideas that make the markets work. Everyone can’t be bullish at the bottom or bearish at the top, it’s just the way it has to be.
For my 2 cents worth I’m still looking at the possible fractal, bullish rising wedge as a halfway pattern to the upside. I did an in depth report on currencies and the US dollar several months ago in which I showed how it could play out. Since that report the US dollar has declined down to the point, where if the fractal is going to work, now is the time for the US dollar to put in its bottom.
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Thursday, June 15, 2017
Gold-Silver Ratio: Debunking The Myth / Commodities / Gold and Silver 2017
By: Kelsey_Williams
A 16-to-1 gold to silver ratio has been the Holy Grail of some silver investors since the mid-sixties.
Unfortunately, fifty years later, it is a quest that continues unabated without success.
In fact, there is evidence that contradicts and widens the chasm that separates wishful thinking from reality.
In the Mint Act of 1792, the U.S. government arbitrarily chose a 16 to 1 ratio of gold prices to silver prices. The actual prices were set at $20.67 per ounce for gold; and $1.29 per ounce for silver.
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Thursday, June 15, 2017
The Pros and Cons of Bitcoin and Blockchain / Currencies / Bitcoin
By: Rodney_Johnson
In October 2015 we held our Irrational Economic Summit in Vancouver. The weather was awesome, and the conference went well. Part of the final session was a Q&A with Harry Dent, myself, and Dr. Lacy Hunt.At one point, an attendee asked about bitcoin.
I told the audience in no uncertain terms that bitcoin was effectively dead. Whether it died a quick death or lingered for years, the cryptocurrency could not survive because governments would not allow it.
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Thursday, June 15, 2017
The Retail Sector Downfall We Saw Coming / Stock-Markets / Retail Sector
By: Harry_Dent
It’s like a scene out of “Resident Evil.”Sheets of newspaper scratch along the dusty linoleum floor as the wind beats them into the remnants of a bench… or through the open glass door and into the darkened, empty space beyond.
Escalators haven’t run in decades.
The air itself looks dusty.
Could this really be the future of the American mall?
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Thursday, June 15, 2017
Charts That Explain Why The US Rule Oil Prices Not OPEC / Commodities / Crude Oil
By: John_Mauldin
BY GEORGE FRIEDMAN AND JACOB L. SHAPIRO : There’s no end in sight to slumping oil prices. That’s good news for consumers, but a dire trend for major oil producers like Saudi Arabia and Russia. And now, rising US oil production and exports are contributing to the slump.
Last week, oil prices reached new lows for 2017, with Brent crude dipping below $48 per barrel and West Texas Intermediate dipping below $46. The drop has been attributed to an unexpected increase in US crude inventories.
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Thursday, June 15, 2017
With This Extent of Passive Investing, Even a Minor Correction Will Be Disastrous / Stock-Markets / Investing 2017
By: John_Mauldin
Last week, Doug Kass sent around an e-mail comparing today’s markets to Queen’s classic “Bohemian Rhapsody.” I know that seems odd, but it was actually a good fit.
The point is that, like the song says, “Nothing really matters” to whoever is buying stocks these days.
They just keep buying and pushing prices higher. Stock prices do go higher in a bull market, and sometimes, as the end approaches, they make value investors very uncomfortable.
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Thursday, June 15, 2017
How to Find the Best Auto Loan / Personal_Finance / Debt & Loans
By: Boris_Dzhingarov
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Wednesday, June 14, 2017
Ultra-low Stock Market Volatility #ThisTimeIsDifferent / Stock-Markets / Stock Market 2017
By: Axel_Merk
We increasingly see claims low volatility in the markets may be structural. Even as we agree that some of the analyses we see make good points, we are concerned we may be setting ourselves up for a major shock. Let me explain.
Before getting into the details about the current environment, let me make some general observations. In my experience, complacency, with its cousin low volatility, is the best bubble indicator I am aware of. Perceived safety gets investors to pile into investments that they later regret. When it happens on a massive scale, major market distortions may be created that can lead to financial crises. And as the tech bubble that burst in 2000 shows, even if there is no systemic risk, the unwinding can be most painful to investors. In 2008, however, the perception that home prices always had to rise had become engrained in highly levered, yet illiquid, financial instruments, causing the unwinding to bring the global financial system to its knees. In our assessment, however, make no mistake about it: assuming for a moment the next crash won't take down a major bank, doesn't imply it cannot wipe out much more of your wealth than you ever anticipated.
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Wednesday, June 14, 2017
UK Housing Market Forecast to Take Hit on Political Uncertainty / Housing-Market / UK Housing
By: GoldCore
- Growing evidence of slowdown in UK property market
- Slow-down in activity in UK housing market in run up to UK election
- Average UK house prices dropped in the three months to May
- Halifax report annual house price growth fallen to a four-year low of 3.3 percent.
- “Political instability breeds procrastination on the part of homebuyers and sellers”
- Sterling drop will increase divide in housing market, first time buyers continue to struggle
- House price growth has lost momentum, volumes continue to drop
Wednesday, June 14, 2017
DOLLAR has recently damaged GOLD and SILVER- viewed in MRI 3D charts / Commodities / Gold and Silver 2017
By: Stephen_Cox
About 10 days ago MRI Trading Signals posted a FEATURED article on the bottom of our home page titled DOLLAR CROSSROAD? In it are 20 charts showing the potential impact a Dollar Index bottom would have on Gold and other exogenous markets.
This article is an update. So far this week, DX has traded inside last week’s narrow range. Once that changes Gold and Silver will react- perhaps dramatically. Tomorrow, June 14, the FOMC minutes are released.
The MRI 3D Report recommended last Wednesday evening to buy DXU17 @ 96.660 LMT with a 0.220 sized 96.440 STOP GTC. Friday showed to be a top (temporary?), so our updated 97.070 STOP GTC was elected Sunday and we’re flat thru the FOMC.
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