The screens produced 171 charts with multiple buy signals as of the last two trading days. There were 42 charts with a second sell signal.…
Dealer fixed income positions have shrunken recently. Is that because they are selling and deleveraging or is it because they must mark to market while…
A new report released by environmental group Greenpeace shows just how much cheaper air travel can be than taking the train in Europe, even for short journeys.The following chart is based on an analysis of 112 travel itineraries in Europe. It shows tha…
Up, up, and away?
But before that I do want to say that I enjoyed meeting FXfox in his hometown of Heidelberg, Germany yesterday. We took a walk on the Philosopher’s Path above the Neckar River. How appropriate, huh? 😄 I got a little history of th…
The cycle layout suggests that there’s only x-x% upside left in this move. Non subscribers click here to access. Technical Trader subscribers click here to…
It’s incredible what a mess central bankers have made of things.
I bagan forecasting this two months ago when I became aware of the enormous, record hedge fund short position in the 10 yea prior to the suspension of the debt ceiling in June. I warned that the markets would crack if yields started moving higher, as I…
Today, I have arrived in Rothenburg ob der Tauber, supposedly the most beautiful village in Germany.
We’ll see.
Meanwhile, the stock market has had another breakout. This time from a high base built over the past 5 days. It’s another bottom…
The latest estimates from the International Monetary Fund (IMF) indicate that globally, economic growth is expected to slow to the end of 2024. Representing a slightly more optimistic view than that offered in April – plus 0.2 points for 2023 – the IMF…
The cloud services business has been lucrative for some time. Microsoft and Amazon alone each generated around $80 billion in calendar year 2022 with products such as Azure and Amazon Web Services (AWS). Although Google’s cloud division was partly resp…