From the Desk of Kimmy Sokoloff
We’ve got big economic data coming out at 8:30 a.m. ET, the December nonfarm payrolls report.
So, whatever I write, it might be a moot point very soon.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We’ve got big economic data coming out at 8:30 a.m. ET, the December nonfarm payrolls report.
So, whatever I write, it might be a moot point very soon.
by JC
It’s a new year with new leaders emerging in the market. So what better time to drop in and chat with our friends over on Fox Business about what’s going on.
Charles likes my Ratio charts so we took a look at some of those.
But I think the bigger point here is that Gold doesn’t have to be this ‘End of the world’ trade that some make it out to be.
History has proven time and time again that Gold prices can rise, even during bull markets for stocks. And to be clear, Gold prices can also fall along with stocks.
They are not mutually exclusive.
Check out the full clip and let me know what you think!
by Ian Culley
From the desk of Steve Strazza @Sstrazza
We held our January Monthly Strategy Session Tuesday night. Premium Members can access and rewatch it here.
Non-members can get a quick recap of the call simply by reading this post each month.
By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.
With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.
by Ian Culley
It’s the weekly bond market edition of What the FICC?
Today we’re highlighting potential failed breakouts in European benchmark rates.
Check it out!
by Ian Culley
From the Desk of Ian Culley @Ianculley
Whether you’re looking across the curve or around the world, interest rates continue to rise.
Benchmark rates in Germany, France, Spain, and Portugal hit fresh multi-year highs last week. Interestingly, the US 10-year yield did not. And neither did the two-, 5-, or 30-year yields.
I’m not claiming US yields have put in a lower high. It’s far too early to assume that. A downside resolution below last month’s pivot lows needs to materialize before making that claim.
Nevertheless, the lack of confirmation from US interest rates is intriguing, especially as European yields turn lower this week.
Have you ever resisted something?
Ok, that question answers itself. Of course you have. We all have.
For our purposes today, I’m more specifically focused on the periods when we resist something that deep down we know would be good for us. Or the right thing to do. Or the intelligent thing to do. Or the helpful thing to do.
When nothing but goodness can result from taking a specific action, why do we resist it? Why do we willingly sabotage ourselves like that?
Author Steven Pressfield in his bestselling book “The War of Art” terms this “The Resistance”. Capital T, Capital R.
We all do it. And we often don’t know why.
This has been on my mind as tonight is this season’s first basketball practice for my 8-year-old son’s team. While that alone is significant, this season takes on even more significance for me personally because… I’m the Head Coach! [Read more…]
by David
From the Desk of Kimmy Sokoloff
This market can’t seem to get out of its own way.
Just when you think it can head uphill, we have a rug-pull.
Today it was data out in the morning that pushed the indices lower.
by JC
Another Santa Claus Rally is officially in the books.
This year the S&P500 rallied 0.80% during the period, which is more than 3 times the historical returns for all the other 7 day periods throughout the year.
You can learn more about the SCR in this note from last month.
OK so great, Santa showed up. So what? [Read more…]