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Dollar Outlook
The strong US employment data stopped the dollar's downside correction in its tracks. It offset the unwinding of the long German bund/short euro hedge that had sent the euro racing toward $1.14 after...
View ArticleTake Cover - Wall Street Is Breaking Out The Bubblies
Submitted by David Stockman via Contra Corner blog,Let’s see. Google’s record market cap gain on Friday was actually a squeaker. At $66.9 billion it easily passed in one day the entire $50 billion...
View ArticleThe Dollar: Now What?
The US dollar has been on a roller coaster ride. Many have lost confidence in the underlying trend. An important prop for the dollar, namely the prospects for the Fed's lift-off has been pushed out...
View ArticleFate of Dollar Bulls Post-Fed
The US dollar sold off in response to the Fed's lack of action, but it rebounded to close firmly before the weekend. For the week as a whole, it was mixed. The Australian and New Zealand dollars...
View ArticleWhy Merrill Is Urging Investors To "Sell The Rallies"
The technical pattern for S&P 500 and many other US and global equity market indices is sell rallies, according to BofAML's Stephen Suttmeier, who notes that the market is as overbought now as it...
View ArticleS&P Breaks Below Crucial Support As BofAML Warns Of Bearish "Shooting Star"
The S&P 500 tested resistance at the November and May 2015 peaks of 2116-2135 last week but closed near the week’s lows to form a bearish reversal (shooting star) on the weekly candle chart. This...
View ArticleFrance's Election Provides Only Short-Term Relief For The Euro
Authored by Thorstein Polleit via The Mises Institute,Emmanuel Macron is the new president of France. The 39-year-old political shooting star got 66.1 percent of the votes in the second round of the...
View Article"It Won't Be Long Now" - David Stockman Warns "Amazon Is The New Tech Crash"
Authored by David Stockman via The Daily Reckoning,It won’t be long now. During the last 31 months the stock market mania has rapidly narrowed to just a handful of shooting stars.At the forefront has...
View ArticleNYU's 'Dean Of Valuation': Bitcoin's Not A Fraud, It's A Currency
Aswath Damodaran, a professor of finance at the NYU's Stern School of Business, disagrees with JPMorgan Chase CEO Jamie Dimon that bitcoin is a "fraud," and explains that, in his view, the...
View ArticleAn Autopsy of Lowest Selling Pressure EVER: S&P 500, NASDAQ 100 and DJIA...
E-mini S&P 500 Futures (ES) Based on candlestick wick analysis and data across all three primary US futures contracts, there is less selling pressure than ever before.Not since xyz, not since...
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