ICO Investors to “Get Wiped Out in Crypto ‘Mania’” Hedge fund manager Kyle Bass comments on the raging battle over the viability of the cryptocurrency market. Mr. Bass called many of the dozens of ICO’s (initial coin offerings) that have taken place this year “frauds,” the Hayman Capital Management founder warned in a TV interview […]
DOJ Reinstates Asset Forfeiture in Drug Law Enforcement The US Justice Department Wednesday announced another reversal from The Hussein Obama Admin that makes it easier for local law enforcement to seize cash and property from crime suspects and reap the proceeds. USAG Jeff Sessions earlier this week signaled the shift that will increase the use […]
Bitcoin (cryptocurrencies) Emerges as a New Asset Class $GLD, $USD, $BTC No asset has evolved from concept to storing billions of dollars as fast as Bitcoin. In the 7 years since inception, a robust ecosystem has developed. Retail traders have the infrastructure to drive over $1-B in daily liquidity while professionals can access tailored financial […]
Gold’s Price Under Heavy Pressure, Taps Key Support $GLD The price of Gold has been pressured for the past 2 weeks, as commodity prices have fallen, as the Fed signaled more rate hikes, the USS staged a nice relief rebound, and persistent risk appetite in the equity markets slowed demand for Gold. This confluence of […]
Cash is an Asset, the Bulls are Hoarding It $DIA, $SPY, $QQQ, $VXX Stocks are stuck in a trading range, and active funds are hemorrhaging assets. To The Bulls, a stock market that is suddenly making distinctions between Winners and Losers is just the thing to draw in cash that by some measures is the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This is a jam packed week for economic data and earnings reports to Wall Street. We will see reports on New Home Sales, Durable Good orders, Q-3 GDP estimate, and more earnings. This stock market has been holding a lateral range since early September, like marching […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Last week we saw volatility back in the US stock market. After a quiet prior week as the indices narrowed ranges, the triple digit intra-day moves erupted again. Earnings reports to Wall Street are full on this week and we start to see just what […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Monday, the major US major stock indexes finished at: DJIA +88.55 at 18329.04, NAS Comp +36.27 at 5328.67, S&P 500 +9.92 at 2163.66 Volume: Trade was light on Columbus Day with about 666-M/shares exchanged on the NYSE Russell 2000 +10.1% YTD NAS Comp +6.4% YTD S&P 500 +5.9% […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This is a Big data week, starting with the ISM Monday, Factory Orders Wednesday, and the September NFPs, employment report Friday. The day to day Wall Street volatility continues with the NYSE indexes struggling in Bearish patterns while SOX, NAS Comp and RUTX holding. The […]
Fed May Follow BOJ and Buy Stock in Move Toward Socialism $GLD, $SLV People are worried there is a real possibility of the US Fed will follow in the Bank of Japan’s lead and begin buying stocks. “My biggest concern is government ownership of stocks. Stocks are companies, is that not government ownership of companies? […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings are for the most part over, Jackson Hole is past, but expect more Fed “Jawboning” on interest rates this week: somme Hawkish and some Dovish December’s CME odds have moved to 63.7% from 51.7%. The USD rallied, bonds sold, Gold seeing some pressure. Market may […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings are for the most part over. This market has leadership, and this market has headwinds including the time of year and the number of Wall Street’s big names turning Bearish, the Dog Days of August. It is historically tough for the market to make […]
American’s are Almost as Wealthy as Ever, it is Scary Americans are about as wealthy as they have ever been and that is worrying monetary officials. They are concerned that the growing wealth could prove unsustainable because it has outstripped the growth of the economy since the Great Recession’s storied end in Y 2009. A […]
Bitcoin ‘Mining” Outlook Uncertain Simpley put, all Bitcoin transactions are recorded on a blockchain, a public, decentralized, permissionless ledger. The transactions are recorded in bundles, called “blocks,” by “miners” who receive a small reward in kind for mining. The process creates new Bitcoins. Miners currently earn 25 Bitcoins per block that is 16.175. The beginning […]
A Troubling Story: “The US has Become a ‘Renter Nation’” A troubling story is playing out across they USA in the 10 years since the housing bubble peaked and burst in a horrific crash. As real estate has risen, homeowners are thriving and renters struggle. For many longtime owners, times are good. They are enjoying […]
Cash is an Asset Now, The Rich are “Holding” It $DIA, $SPY, $QQQ, $VXX Richard Fisher, the former President of the Federal Reserve Bank of Dallas and a voting member of the Federal Open Market Committee (FOMC) from Y’s 2005 to 2015, is very savvy about the US Fed and the state of the US […]
Managed Money Cautious, Capital Preservation Key $DIA, $SPY, $QQQ, $VXX The “new normal” led to the “new neutral” led to ‘insecure stability”. The world has entering a phase of rising risks as the effect of central-bank stimulus policies diminishes. “You can think of it as insecure stability,” Richard Clarida, Pimco’s global strategic adviser, said in […]
Investors Prepare, the Caution Lights are Flashing $DIA, $SPY, $QQQ, $VXX We get recessions, we have stock market corrections. If you do not understand that’s going to happen you are not ready and you will not do well in the financial markets. Over the last several weeks in my daily DJIA technical outlook column I […]
Tuesday’s Technical Outlook For Gold (GLD) $GLD Spot Gold marked a modest gain Monday to 1,242.23 before settling at 1,237.00 oz, as broad dollar’s weakness and stocks soft tone supported demand for the safe-haven asset. Trading was light ahead of the FOMCs meeting Tuesday and Wednesday. The precious Yellow metal is set to consolidate in […]
Commentary: Paul Ebeling on Wall Street + Bulls Vs Bears and Support & Resistance $DIA, $SPY, $QQQ, $VXX Wall Street will be digesting lots of news this week including GDP and earnings, plus policy announcements from 3 central Banks Money continues to rotate through market sectors, so watch for those stock forming good patterns off […]
Be Alert, Stocks Could Get Cut In Half $DIA, $SPY, $QQQ, $VXX Stocks could lose 50% their value + if the history of valuation cycles is any indication, cautions mutual-fund manager John Hussman, President of Hussman Investment Trust. He is correct and I have been calling for a Fibo retracement in the S&P 500 of […]
Commentary: Paul Ebeling on Wall Street Crude Oil is under pressure after the collapsed production of OPEC and non-OPEC meeting in Doha Sunday. The Canadian Loonie is down hard Vs the Buck, backtracking all of last week’s gain., meaning that WTI Crude Oil opens below 39 bbl (closed at 41.75 Friday) in the US session, […]