Top

Tag Archives | Financials

Chart-595

Early Nod Goes to Bond Bulls, but Overbought Technicals a Limiting Force Ahead of Fed Meeting

US Treasury markets grinded higher during the overnight and initial morning hours, benefiting from safe-haven flows across the globe. While upside action late last week may have seemed over down in pricing-in a delay in a Fed interest rate hike, global slowing and uncertainty surrounding the EU referendum, softer Chinese economic data over the weekend […]

Continue Reading

Stocks Path of Least Resistance Remains Down Off Fresh Chart Damage

US equity markets pushed lower again overnight as disappointment over global growth, fresh concerns toward China and a choppy trade in the shares of Apple has many investors on edge. Apparently the surprise interest rate cut by Australia’s Central Bank raised concern over slowing economic growth prospects instead of providing buying interest. With weakness in […]

Continue Reading
Chart-595

BONDS: Key Fundamental and Technical Low has been Forged

A noted upside breakout and reversal in Treasuries remains in place early today which isn’t surprising considering that the FOMC meeting statement was seen as dovish and it also acknowledged slower growth and prospects for lower interest rates for longer. However, the Fed removed the statement regarding global economic and financial developments posing risks, and […]

Continue Reading
Chart-595

Pushed Into Bonds, We Favor the Downward Tilt Today

We think Treasuries are technically overvalued and fundamentally vulnerable. In addition to a recovery in equities this morning, we would also suggest the bear camp is given added fodder from the Fed’s Yellen comments overnight that the rate hikes remain on track. Clearly sharp declines in equities yesterday morning ignited the sharp rally in Treasuries […]

Continue Reading
Chart-595

Equities Higher to Start but Susceptible to Profit-Taking

US equity markets began the new trading week slightly higher with positive impetus coming in the wake of a stronger than expected look at fourth-quarter GDP data Friday. The Japanese Nikkei closed higher in overnight action, aided by weakness in the Japanese Yen and prospects for another round of fiscal stimulus. China’s Shanghai Composite failed […]

Continue Reading

The Hightower Report
141 W. Jackson
Suite 4002
Chicago, IL 60604
Phone: 312-786-4450 | 800-662-9346
Fax: 312-786-4451