The Fed sacrificed the foundation of middle class wealth–stable housing values–to boost bank profits. Lest you think the phrase “death of the middle class” is hyperbole, please examine these two …
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Back on March 21, before the release of Michael Lewis’ Flash Boys and before the infamous 60 Minutes interview, when Goldman COO Gary Cohn wrote his infamous WSJ Op-ed bashing HFT, …
Read More Whatever happened to the “Great Rotation?†You remember the predictive theory that ultra-low yields would encourage investors to rotate out of bonds and into stocks. The notion picked up steam …
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For many years the yen trade referred to the yen-carry trade where traders would borrow in yen at a very low interest rate, convert to a higher interest rate currency …
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As we have discussed numerous times, nothing lasts forever – especially reserve currencies– no matter how much one hopes that the status-quo remains so, in the end the exuberant privilege is …
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The Chart of the Day is Continental Resources (CLR). I found the stock by sorting the very small list of stocks that hit an All Time High today, then sorted then for the highest …
Read More DOW + 10 = 16,256Â SPX + 6 = 1851 NAS + 33 = 4112 10 YR YLD – .01 = 2.68% OIL – .28 = 102.28 GOLD + 11.10 …
Read More The stock market vs Gold (SPY-GLD) has dropped over the last 3 days. It is now at a point where it will either bounce (middle of Bollinger Bands, 50 day …
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Monetary Policy Week in Review: 31 March to 04 April 2014 The central banks of Brazil and Ghana raised their policy rates last week as six other central banks left …
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Alcoa kicks off earnings season after the bell. Stocks bounced with some precision off the trendline with the momentum techs taking a bit of a lead. Have a pleasant evening.
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