Global equity markets were under noted pressure overnight off fears that the US political condition was poised for at least a partial meltdown. The European session started out with a UK unemployment rate reading that declined to a 42 year low but that news was offset by a decline in wage growth which economists noted […]
Tag Archives | Equities
Like Bonds, US stocks have continued to forge a pattern of lower highs. Economic uncertainty remains in place because of looming US payrolls but more specifically because of the uncertainty and anti-business track of the EU. Talk that Apple will repatriate significant capital in 2017 might be joined by other companies pulling back money especially […]
International equities were mixed overnight with the Nikkei, Hang Seng, FTSE 100 and the CAC 40 initially showing weakness. European stocks were under pressure due to the uncertainty ahead of the ECB meeting and whether or not that group will decide to apply more stimulus. The biggest loser overnight was the Hang Seng which was […]
The Continuous Commodity Index recently fell to its lowest level since August 15, 2012. While the brunt of that slide was due to fear of a premature ending to US quantitative easing, the soaring US Dollar provided added the selling pressure. Some traders suggested that many commodities were also weakened by the fears that another […]
This post stems from fellow traders on Twitter today that mentioned how poorly the PowerShares DB Agriculture Commodity Fund had been acting as of late. As you can see, the ETF has fallen out of bed so we thought we’d take it step further and compare the funds performance to that of corn. There is no need for any […]
Recent price action in the March S&P 500 shows a market that is priced for perfection. This week’s drive into new contract high of 1505.90 satisfied an upside swing objective drawn from the November 16th low of 1336.50, which came in at 1505.10. Additionally, the 8.9% rally from the December low to this week’s contract […]
While the trend in the indices point down, we can’t rule out the possibility of a near-term technical rebound.