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Whenever everyone is on one side of a trade, you can be sure a sharp reversal is only a matter of time. Traders entered today with near record short bets against the US dollar: CFTC Commitment of Traders data shows that speculators remain heavily net-short the US Dollar against the Euro, British Pound, Canadian Dollar, […]
Quietly, Chinese stocks continue to slide, now down 12% for the year to date. Since China had announced its plans to target inflation, the Shanghai Index has taken it on the chin: Chinese stocks quickly retraced a portion of their 2008 losses – and then slowly faded. (Source: StockCharts.com) Regular readers know that we like […]
Well, it’s about time! The dollar is AT LAST starting to “show some signs”, as play-by-play guy Marv Albert would say: Source: StockCharts.com At the beginning of this month, we listed 3 reasons the dollar was due to rally. Reason #1 was an intermediate term trend that appeared to be heading up since 2008: Since […]
Many of us here have been anticipating a dollar rally that would kick off an explosive move to the upside for the buck. Perhaps a short term move, perhaps a more significant event that could bring another wave of deflation to the asset markets (hey, remember deflation?) I was reading Bob Prechter’s latest newsletter yesterday […]
The old joke is that Japan’s Central Bank is so incompetent, it was unable to devalue its own currency during its Lost Decade (or Two), despite its best efforts. But that’s not stopping Japan’s finance ministry from giving its favorite pastime another go. The yen has hit a 15-year high against the dollar – which […]
Asset prices are continuing to decouple, slowly but surely, it appears. Today, equities and energy were up big – while the rest of the commodity sectors had a bad case of “The Mondays”: Why is this potentially significant? Because markets have been moving more or less in tandem for 5 or 6 years now – […]
Quantitative Easing Ends (At Least For Now) April 1st marked the end of the Fed’s renowned money printing program, also known as “Quantitative Easing” for those who prefer to stick their heads in the sand and ignore what’s actually happening. From The Daily Reckoning: Under the (QE) program, the Federal Reserve graciously bought $1.25 trillion […]
A few weeks ago I glowingly declared that the bear was back in charge, and that the new trend was down. Channeling Lee Corso – not so fast, my friend! It’s been a strong retracement of the Jan-Feb decline: Markets have rebounded – from oversold in Feb, to overbought in March! (Source: Yahoo finance) BUT […]
Channeling Dee Snyder – Mortgage lenders say they’re not gonna take it…anymore. Here in Northern California, we’ve been housing outcasts for awhile. We were weirdos for renting throughout the housing boom. Now, we’re weirdos for a different reason – we’re not walking away from our mortgage. It’s the latest trend, and it’s getting hotter. Why […]
Stumped about the inflation/deflation debate? Good news – you’re not alone! Hard Asset Investor’s Brad Zigler is also somewhat undecided on the subject. Though he leans toward inflation, he acknowledges that very strong deflationary forces are also in play. Though you know that I’m one of the lonely souls in the deflationary camp (along with […]
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