Login

Currency

China Looking to Regulate Gold & Bitcoin


Posted by Martin Armstrong - Armstrong Economics

on Friday, 10 February 2017 06:29

CHINA-M-2-9-2017-600x442

bitcoin-300x200China has called all Bitcoin exchanges to a closed door meeting looking to shut down the flight of capital from China. China is looking to deal with the expected trade confrontation with Trump and looking to shut down the flow of capital that has been putting a downward pressure on their currency. We can see that the US dollar has risen for 35 months and this will be seen as a currency war by Trump for his advisers from Goldman Sachs are clueless assuming markets can simply be bullied or manipulated with power.

Our sources are also hinting China may tighten the quotas on importing gold even more since their actions last November (see FT). China is trying to curb the flight of capital which has contributed to the greenback’s rise for 35 months. However, with Europe tottering on the edge, the next country to withdraw from the EU may set off a collapse of the euro and that will only cause a surge higher yet in the dollar impacting China negatively with regard to trade disputes.

....also from Martin: 


Banner

Bonds & Interest Rates

Jim Bianco: Extreme Readings in the Bond Market


Posted by Jim Bianco via Financial Sense Insider

on Thursday, 09 February 2017 07:28

Youre-FiredYellen's Last Hike and the Next Fed Chair

Janet Yellen, you're fired!

For the past 20-30 years, the Federal Reserve has been dominated by academics largely out of MIT. Jim Bianco at Bianco Research says that's all going to change under Trump, starting with Fed chair Janet Yellen.

Here's what he recently told FS Insider:

Yellen's Last Hike

"I've jokingly said that when it comes to the story with the Fed this year, it's that the Fed will raise rates in June and then Janet Yellen will be fired by Trump right after that. Her term is up in January 2018. What we've learned about Trump is what he says he means and what he means he says, and he has said repeatedly during the campaign that he doesn't like Janet Yellen, doesn't think she's done a good job. She's done, she's out. And she's got another year to go...so that's what I mean when I say the Fed will raise rates the middle of the year and then Trump will fire Yellen."

....continue reading more of what Bianco has to say HERE

 

...related:

Wolf Richter: Central Banks Quietly Backing Out of Negative Interest Rate Policies (NIRP)

 



Banner

Wealth Building Strategies

15 Words of Wisdom on Finding an Edge


Posted by Jae Jun - GuruFocus

on Thursday, 09 February 2017 07:09

wisdom-002Listen to advice and accept instruction, that you may gain wisdom in the future. – Proverbs 19:

One thing I would like to add is that not all advice is good advice, so it’s vital to filter out the noise from the facts. One of the easiest ways is to follow, listen and learn from people who have or are walking the successful path.

Finding an edge is something that we all want.

Investing is a zero sum game so when you are buying, there is a person on the other end who is selling.

How do you know that you’re correct?

By listening to wise counsel.

The path forward is never clear, but with the advice and guidance by value investing greats, it makes is easier to march forward.

Take these words of wisdom on finding an edge from people considered masters in value investing.

(Courtesy of Value Investor Insight)

Human beings are subject to wild swings in their levels of fear, risk tolerance and greed. That won’t change. I base my whole approach on buying when others are fearful and selling when others are greedy. The reason Shakespeare is so relevant still today is that his plays were all about human nature, and human nature never changes.

- Mark Sellers

...continue reading 13 more "Words of Wisdom" HERE

...also:

17 Managed Funds That Have Beaten the Indexes Over a 17 Year Period

 



 



Banner

Stocks & Equities

Stock Trading Alert: Positive Expectations As Investors' Sentiment Improves - New Record Highs Ahead?


Posted by Paul Rejczak - Sunshine Profits

on Thursday, 09 February 2017 06:27

Stock Trading Alert originally sent to subscribers on February 9, 2017, 6:56 AM.

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).

Our intraday outlook remains bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral

The U.S. stock market indexes were mixed between -0.2% and +0.2% on Wednesday, extending their short-term consolidation along record highs, as investors continued to hesitate following last week's Friday's rally. The S&P 500 index remains close to its January 26 all-time high of 2,300.99. It is also above its last week's Monday's daily gap down of 2,286.01-2,291.62. The Dow Jones Industrial Average is above 20,000 mark, and the technology Nasdaq Composite Index is close to the level of 5,700. Will the market extend its year-long medium-term uptrend even further before some more meaningful downward correction? The nearest important resistance level of the S&P 500 index is currently at around 2,300 marked by record high. On the other hand, level of support is at around 2,285-2,290, marked by Friday's daily gap up of 2,283.97-2,287.88. The next support level is at 2,260-2,270, among others. We can see some short-term volatility following November - January move up. Is this a topping pattern before downward reversal? The S&P 500 index still trades along medium-term upward trend line, as we can see on the daily chart:

1

Expectations before the opening of today's trading session are positive, with index futures currently up 0.2%. The European stock market have gained 0.3-0.9% so far. Investors will wait for more quarterly corporate earnings releases. They will also wait for some economic data announcements: Initial Claims at 8:30 a.m., Wholesale Inventories at 10:00 a.m. The market expects that the Wholesale Inventories grew 1.0% in December. The S&P 500 futures contract trades within an intraday uptrend, as it breaks above its short-term consolidation, following overnight fluctuations along the level of 2,290. The nearest important level of resistance is at around 2,300, marked by record high. On the other hand, support level is at around 2,280-2,285, and the next support level is at 2,260-2,270, marked by previous consolidation. The market is getting close to new all-time highs. The futures contract broke above its recent consolidation along the level of 2,270, as the 15-minute chart shows:

S&P 500 futures contract - S&P 500 index chart - SPX

The technology Nasdaq 100 futures contract follows a similar path, as it currently trades within an intraday uptrend after an overnight consolidation. It reaches new all-time high above the level of 5,200. The technology sector stocks have been relatively stronger than the broad stock market recently following better-than-expected quarterly earnings releases. The nearest important support level is at 5,180-5,185, marked by previous level of resistance, and the next support level is at around 5,170, among others. There have been no confirmed negative signals so far. However, we can see short-term overbought conditions.

Nasdaq100 futures contract - Nasdaq 100 index chart - NDX

Concluding, the broad stock market remained within its short-term consolidation on Wednesday, following last week's Friday's move up. Will the index continue higher today? Is this just a short-term consolidation after three-month long rally from Presidential Elections' local low in November of 2016? Or is this some topping pattern ahead of some more meaningful downward correction? Potential upside seems limited, and the S&P 500 index may retrace some of its November - January uptrend. It may even reverse its year-long uptrend, as investors' sentiment readings remain very bullish. We still can see medium-term overbought conditions accompanied by negative technical divergences. Therefore, we continue to maintain our speculative short position (opened on December 14 at 2,268.35 - daily opening price of the S&P 500 index). Stop-loss level remains at 2,330 and potential profit target is at 2,150 (S&P 500 index). You can trade S&P 500 index using futures contracts (S&P 500 futures contract - SP, E-mini S&P 500 futures contract - ES) or an ETF like the SPDR S&P 500 ETF - SPY. It is always important to set some exit price level in case some events cause the price to move in the unlikely direction. Having safety measures in place helps limit potential losses while letting the gains grow.

To summarize: short position in S&P 500 index is justified from the risk/reward perspective with the following entry prices, stop-loss orders and profit target price levels:

S&P 500 index - short position: profit target level: 2,150; stop-loss level: 2,330
S&P 500 futures contract (March 2017) - short position: profit target level: 2,145; stop-loss level: 2,325
SPY ETF (SPDR S&P 500, not leveraged) - short position: profit target level: $214; stop-loss level: $232
SDS ETF (ProShares UltraShort S&P500, leveraged: -2x) - long position: profit target level: $16.35; stop-loss level: $14.00 (calculated using trade's opening price on Dec 14 at $14.78).

Thank you.

Paul Rejczak
Stock Trading Strategist
Stock Trading Alerts

....related: VIX Update: Has Volatility Bottomed?



Banner

Economic Outlook

Hoisington Quarterly Review and Outlook -- 4Q2016


Posted by John Mauldin - Outside The Boxn - Outside The Box

on Thursday, 09 February 2017 06:20

LookoutboyLongtime readers of Outside the Box know that I am a fan of Dr. Lacy Hunt of Hoisington Investment Management. Lacy and his partner, Van Hoisington, produce a quarterly letter that is a must-read for me, as it reliably informs my thinking in a world drowning in conventional economics – economics that seem to continually miss the mark.

It almost goes without saying that Lacy will be speaking at our Strategic Investment Conference again this year, and he’s just one of a long (and still-lengthening) list of top-flight speakers. Learn more and reserve your chair, right here.

Today’s OTB is one of the most important pieces Van and Lacy have written in a long time. They establish that the proposed tax reforms will face enormous headwinds that were not there during previous tax-reform eras, which means that the benefits that Republicans think will accrue are likely to take longer to appear and be less than expected, which will mean that it is going to take more than what is presently proposed to jump-start the economy.

A few readers have asked me whether I am still a deficit hawk. The answer is, “Yes, more than ever,” because total debt has now rendered both monetary and fiscal policy much less effective. Debt, as Lacy and Van clearly show, is an impediment to growth.

There are other issues impeding growth, such as the ten million men between ages 24-64 who are not in the work force, a condition that has been steadily worsening for 40 years. It’s not just a recent phenomenon, but it must be addressed. These are men who have chosen to not participate for one reason or another and are perforce a drain on overall GDP growth.

And let’s not forget that for the last nine years we have seen more businesses close than be created, which has certainly affected GDP.



Read more...

Banner

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 8 of 1920

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...



Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Ozzie Jurock Mark Leibovit Greg Weldon Ryan Irvine