Author Archive for Market Shadows

Market Moving News


Financial Markets and Economy

The World’s $100 Trillion Question: Why Is Inflation So Low? (Bloomberg)

Central bankers and investors are grappling with a $100 trillion question: why consumer price inflation remains so low in most parts of the world even as economic growth quickens.

Australia's Annual GDP Slows Less Than Expected; Currency Surges (Bloomberg)

Australia’s economy slowed in the first quarter, constrained by weak net exports and a drop in housing investment. The currency jumped as annual growth beat expectations.

Five Questions About the Fed's $4.5 Trillion Balance Sheet (Bloomberg)

A lot is at stake. Simply maintaining that over-sized stack of bonds makes the Fed a big player in the markets for Treasury and mortgage-backed securities. Investors and traders are anxious for information about how the central bank intends to pull back.

Trump’s America Is Facing a $13 Trillion Consumer Debt Hangover (Bloomberg)

Americans faced with lackluster income growth have been financing more of their spending with debt instead. There are early signs that loan burdens are growing unsustainably large for borrowers with lower incomes. 

China stocks rise, bucking Asian market retreats (Market Watch)

The planned public testimony by former FBI Director James Comey on Thursday continued to stoke concerns about U.S. political instability. Additionally, investors’ showed their nerves ahead of a European Central Bank policy meeting and the U.K. general election, both scheduled for Thursday.

Venezuela Tries to Resell $5 Billion Bond at Deep Discount (The Wall Street Journal)

Venezuela is attempting to resell at a deep discount $5 billion of bonds it originally issued in December through a Chinese brokerage as it struggles to squeeze through a tightening cash crunch, according to investors who were offered the bonds.

Draghi’s ECB may take ‘baby steps’ toward ending ultraloose monetary policy (Market Watch)

When ECB President Mario Draghi begins his news conference following the Governing Council meeting, in which the central bank is seen as virtually assured to leave monetary policy unchanged, his opening statement will be scrutinized for any subtle changes to language laying out the timetable and pace of the ECB’s asset-purchase program and rates.

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Market Moving News


Financial Markets and Economy

U.S. Job Openings Hit Record High in April, Topping 6 Million (Bloomberg)

An increase in U.S. job openings in April to a record high indicates demand for workers remains strong in the world’s largest economy while the supply is tightening, a Labor Department report showed Tuesday.

Stocks Waver, Havens Like Bonds and Gold Rally (The Wall Street Journal)

Stocks wavered while gold and U.S. government bonds gained Tuesday, signaling a note of caution among investors.

The Dow Jones Industrial Average fell 9.8 points, or 0.1%, to 21174 shortly after the opening bell. The S&P 500 fell 0.1%, and the Nasdaq Composite edged up 0.1%.

Fewer municipal bonds have investors snapping up riskier hospital deals (Reuters)

A lean issuance calendar in the municipal bond market is propping up debt prices for U.S. cities and states and will likely keep a floor under some of the market’s wobbly sectors, even hospitals, according to data and analysts.

China Looks to Capitalize on Clean Energy as U.S. Retreats (NY Times)

China’s devastating pollution problems began here, in coal country, where legions of workers toiled and often died to exhume the rich deposits that fueled the country’s sooty rise to economic power.

China's Gold Imports Seen Jumping 50% as Haven Demand Booms (Bloomberg)

China, the world’s biggest gold market, may boost imports through Hong Kong by about half this year as local investors seek to protect their wealth from currency risks, a slowing property market and volatile stocks, according to the Chinese Gold & Silver Exchange Society.

Oil Slides on Supply Glut (Dow Jones Newswires)

Oil rose in early trade after Saudi Arabia and three other countries severed diplomatic ties with Qatar, but investors remain pessimistic about the oversupplied crude market and the gains petered out by late morning in London.

The bond market is giving the stock market a stern warning (Market Watch)

Conservative news blogger Matt Drudge, a source of endless entertainment in the election and now with the related Russia-gate scandal, posted a rather peculiar main story Saturday.

Americans Are
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Market Moving News


Financial Markets and Economy

Markets Face Three Big Geopolitical Risks This Week (Bloomberg)

Investors hoping for the return of market volatility should be careful what they wish for this week, with geopolitical risks looming.

CHART: Traders are scaling back their bets looking for US dollar strength (Business Insider Australia)

It captures net speculative positioning in the US dollar in relation to major currencies such as the euro, Japanese yen, UK pound, Swiss franc and commodity currencies like the Australian, New Zealand and Canadian dollars.

Iron ore prices ripped higher on Friday after plunging earlier in the week (Business Insider Australia)

Spot prices jumped on Friday while Chinese futures held onto earlier gains on Friday evening.

According to Metal Bulletin, the spot price for benchmark 62% fines jumped by 3.25% to $57.79 a tonne on Friday, partially reversing a 4.32% drop in the previous two sessions.

Bank Stocks Are Now Cheaper Than Before Trump Was Elected (The Wall Street Journal)

It’s like the rally never happened. Bank stocks are now cheaper, relative to the market, than they were before the election, as investor giddiness over tax reform and financial deregulation hits a political reality in which neither seems all that likely.

Here's what could happen to America's hundreds of dead malls (Business Insider)

As one of the first postwar suburban shopping centers in the US, the Northgate Mall in northern Seattle defines classic mall architecture.

London Stock Exchange shouldn't bend rules for $2tn Saudi flotation (The Guardian)

Roll up, roll up, who wants some lovely Saudi dosh that would arrive with a stock market listing in London of Saudi Aramco, the enormous state-owned national oil company? Almost every investment banker and corporate lawyer in town, obviously.

Investors would rather feel good about themselves than make money (Market Watch)

Financial planners have an even harder job than we thought when trying to persuade their clients to invest in, and then stick with, the stock market.

China completed the world’s biggest floating solar energy farm (

Images of the Beijing

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Market Moving News


Financial Markets and Economy

Mexican Peso Rebounds as Ruling Party Win Eases Political Risk (Bloomberg)

Mexico’s peso advanced, trading near the strongest level in seven months, as President Enrique Pena Nieto’s party forged ahead in the election for governor of the country’s largest state.

U.S. economy keeps up fast pace in May, ISM finds (Market Watch)

The service-oriented companies where most Americans work grew at a slightly slower but still rapid pace in May, signaling steady-as-she-goes for the U.S. economy.

The Bloody Fight for ETF Scraps Is About to Get Even Worse (Bloomberg)

His sojourn in paradise was always going to be temporary, but he needed it. Yook had managed a health-care portfolio at the Galleon Group LLC for five years until 2009, when the New York-based hedge fund became the target of an insider-trading investigation.

Chats by Metals Trader Reveal Spoofing ‘Tricks from the Master’ (Bloomberg)

David Liew was a quick study. Less than a year into his metals-trading job at Deutsche Bank in Singapore, he joked with a colleague about their latest win.

New jobs indexes show labor market still in solid shape (Market Watch)

A pair of labor-market indicators released Monday portray a labor market that’s still in pretty good shape, even after a report from the government showed about 50,000 fewer jobs created than forecast.

Treasury yields try to rebound from November lows (Market Watch)

Treasury yields gained on Monday amid data that was expected to clarity the U.S.’s economic outlook after a weaker-than-expected jobs report helped to pare growth prospects.

India Rates Traders Pricing in Softer RBI, Three Charts Show (Bloomberg)

India’s rates traders seem convinced record-low inflation and an unexpected slowdown in economic growth will prompt the central bank to soften its hawkish stance when its announces a policy decision Wednesday.

Passive funds are on pace to eat the entire US stock market by 2030 (Quartz)

Index funds are on a roll. Funds that passively track indexes are popular because they’re cheaper than the alternatives run by active money managers, and the

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Market Moving News


Financial Markets and Economy

This Is What the Demise of Oil Looks Like (Bloomberg)

From giant companies like Exxon Mobil Corp. to OPEC members such as Saudi Arabia, oil producers say their industry will enjoy decades of growth as they feed the energy needs of the world’s expanding middle classes.

Your Coffee Is From Where? California? (NY Times)

About two dozen farms between San Diego and here, just outside Santa Barbara, are nurturing coffee bushes under the canopies of old avocado trees, in what may be the first serious effort in the United States to commercialize coffee grown outside Hawaii, home of Kona coffees.

Route to Air Travel Discomfort Starts on Wall Street (NY Times)

Relentless pressure on corporate America is creating an increasingly Dickensian experience for many consumers as companies focus on maximizing profit. And nowhere is the trend as stark as in the airline industry, whose service is delivered in an aluminum tube packed with up to four different classes, cheek by jowl, 35,000 feet in the air.

More Than 1,500 Injured in Panic After Soccer Game (Associated Press)

More than 1,500 people were injured when panic swept through a crowd of Juventus fans watching the Champions League final in a piazza in the northern Italian city of Turin, authorities said Sunday.

The 12 UK banks with the best public reputation (Business Insider)

Financial institutions in the UK have taken a reputational beating in the years since the financial crisis, with trust in bankers and their employers hitting rock bottom among the general public after billions of pounds of bailouts and accusations of widespread misconduct in the pre-crisis years.

The champions of the Trump trade are on life support (Business Insider)

The KBW Bank Index underperformed the S&P 500 for the fifth straight day on Wednesday, the longest such streak since March 2016, according to data compiled by Barclays.

Quant Manager of $6 Billion Backs Stocks Hidden From Front Pages (Bloomberg)

At least for investors seeking stable returns, it’s better to buy companies that aren’t in the spotlight. To exploit a so-called low-volatility anomaly, the head of quantitative equity management at BNP

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Market Moving News


Financial Markets and Economy

U.S. job growth slows; unemployment rate drops to 4.3 percent (Reuters)

U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3 percent.

Commodity Rebound Evaporates as Slowing Demand Spells More Gluts (Bloomberg)

After a 2016 rally that ended five straight years of declines, prices of everything from crude oil and zinc to sugar and soybeans are once again mired in slumps.

Yuan's Forecasters Getting It Wrong as China Jolts Markets (Bloomberg)

The sudden surge in the last four days — for the onshore exchange rate, it’s been the steepest gain in more than four months — pushed the currency beyond levels predicted by even the most optimistic analysts.

EU, China trade spat blocks climate statement (Reuters)

The European Union and China warned U.S. President Donald Trump on Friday he was making a major error by withdrawing from the Paris climate pact, but the pair failed to agree a formal climate statement because of divisions over trade.

Puerto Rico’s Exodus Is Speeding the Island’s Economic Collapse (Bloomberg)

The choice is heartbreaking: stay to help other families, or leave to help your own. 

That’s the calculation thousands in Puerto Rico are making. The bankruptcy of the U.S. commonwealth, the culmination of years of decline, has accelerated an exodus that’s adding to the island’s economic misery.

Why Whistleblowers Get Paid in the U.S. but Not in Britain (Bloomberg)

In April, Barclays Plc said its chief executive officer, Jes Staley, was under investigation for trying to unmask an employee who’d raised ethical concerns about a senior staff member.

Stock market bracing for potentially the most explosive stretch of trading this year (Market Watch)

The stock market could face its most turbulent week of trading so far this year, with a trio of potentially destabilizing events on deck: former FBI director James Comey’s testimony, the U.K. election, and the ECB monetary-policy meeting.

EU Sees Taxpayers Funding Bank Bad-Loan Fix Within Current Rules (Bloomberg)

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Market Moving News


Financial Markets and Economy

Oil drops on fears of more U.S. drilling after climate deal withdrawal (Reuters)

Crude fell more than 1 percent on Friday, heading for a second straight week of losses, on worries that U.S. President Donald Trump's decision to withdraw from an international climate accord will spur further domestic production and contribute to a persistent global oversupply.

Brazil emerges from recession as GDP grows 1% (BBC)

The GDP increase came after two consecutive years of negative growth, during which the Brazilian economy shrank by almost 8%.

A record harvest of soybeans, one of Brazil's main exports, gave the economy a boost.

Once a Coal Goliath, India Is Turning Green (NY Times)

ust a few years ago, the world watched nervously as India went on a building spree of coal-fired power plants, more than doubling its capacity and claiming that more were needed. Coal output, officials said, would almost triple, to 1.5 billion tons, by 2020.

Coal bows to natural gas, as consumption falls to lowest since 1984 (Market Watch)

The Energy Information Administration’s Today in Energy report Friday showed consumption of 677 million tons of coal by the domestic electric power sector in 2016—and that represented more than 93% of all coal consumed in the country.

Wall Street Has More Bad News for OPEC: 2018 Doesn’t Look Great (Bloomberg)

As oil prices sag despite OPEC’s renewed efforts to shore up world crude markets, Wall Street banks have more bad news for the producer group: the outlook for next year isn’t great either.

U.S. oil-rig count posts weekly climb, up 5 months in a row — MarketWatch (Dow Jones Newswires)

Baker Hughes (BHI) on Friday reported that the number of active U.S. rigs drilling for oil climbed by 11 to 733 rigs this week. That marked a 20th weekly rise in a row, or roughly five months. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 8 to 916, according to Baker Hughes.

Why Consumers Aren't Spending (Bloomberg)

Consumer confidence and retail sales have not moved in tandem of late. Since the U.S. economic expansion started

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Market Moving News


Financial Markets and Economy

Oil Set for Biggest Weekly Loss in a Month as Rebalancing Drags (Bloomberg)

Oil headed for its biggest weekly drop in four weeks as U.S. supply data signaled that OPEC’s efforts to re-balance oversupplied markets need more time.

A hedge fund veteran is trying to bring quant trading to a new market — sports betting (Business Insider)

"A good analogy is that we’re building these robots to let them run around the floor," Andreas Koukorinis, the founder of Stratagem, told Business Insider.

One of the biggest markets in the world is facing a $1 trillion disconnect — here's how it can be fixed (Business Insider)

Trillions of dollars in Treasurys are set to flood the US investment landscape over the next five years, setting up a reckoning in one of the world's biggest markets.

Bank Bonds That Are So 1980s Prove a Windfall for This Canadian Firm (Bloomberg)

In a world where corporate bonds look expensive and it’s tough to find yield, one firm has been digging around in an overlooked corner of the bank bond market.

One Price Of Uncertainty: Corporates Selling Off Non-Core European Assets (Forbes)

Hence, the conclusion from a new survey that predicts one result of Britons' decision to exit, stage right, the European Union will be for corporates to unload non-core European assets – and such activity in the first half of 2016 is already giving weight to the prediction.

Russia Can ‘Live Forever’ With $40 Oil in Warning to Hedge Funds (Bloomberg)

A race to the bottom in oil prices may not have many winners, but Russia is certain it can survive. It’s less sure about hedge funds.

My Smart Beta ETF Premised on Cats Rang Up an 849,751% Return (Bloomberg)

I mean, that’s what my Bloomberg said. I’d just entered in an index built from companies with “cat” in their names — yes, the furry felines — hit a button and watched it back-test to an 849,751 percent return.

'Axis of love': Saudi-Russia detente heralds new oil order (Reuters)

A meeting between the two men who run Russia and Saudi

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Market Moving News


Financial Markets and Economy

These 14 underappreciated stocks are set to take off (Business Insider)

How do you find good bargains in a stock market that's already the most expensive since the dotcom bubble? Goldman Sachs has some ideas.

S&P, Moody's Downgrade Illinois to Near Junk, Lowest Ever for a U.S. State (Bloomberg)

Illinois had its bond rating downgraded to one step above junk by Moody’s Investors Service and S&P Global Ratings, the lowest ranking on record for a U.S. state, as the long-running political stalemate over the budget shows no signs of ending.

Italy Switches on Five New Subsidy-Free Solar Power Plants (Bloomberg)

Octopus Investments Ltd. started generating power from five subsidy-free solar plants in Italy in the latest sign that clean-energy can be profitable without government support.

Oil bearishness is masking truly good news (Market Watch)

Oil traders are discounting good news for supply-glut data expected to arrive more than a year from now. That defines the bearishness in the oil sector right now.

Why Retailers Have More Debt Than Meets the Eye (The Wall Street Journal)

With net cash on its balance sheet, Abercrombie & Fitch seems like an easy acquisition target, despite years of declining sales. But add in lease obligations and it becomes one of the most heavily indebted retailers.

Dollar General Stock Rises 5% After First-quarter Profit, Revenue Beat (MarketWatch Pulse)

Dollar General Corp. shares rose 4.9% in premarket trade Thursday after the company reported first-quarter profit and revenue beats. Earnings fell to $279.5 million, or $1.02 per share, from $295.1 million, or $1.03 per share in the year-earlier period.

Bond traders overlook wage inflation at their peril, chart shows (Market Watch)

Many investors have argued that the absence of more robust wage growth and higher consumer prices will keep a lid on yields, but a closer look at the data show the Treasury market could be blindsided by a pick-up in wages and thus inflation, said Torsten Slok, chief international economist for Deutsche Bank.

U.S. Homes Are Finally
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Market Moving News


Financial Markets and Economy

The U.S. Has Forgotten How to Do Infrastructure (Bloomberg)

The nation once built things fast and cheaply. Now experts are puzzled why costs are higher and projects take longer than in other countries.

Morgan Stanley CEO Sees Trading Drop Similar to JPMorgan, Bank of America (Bloomberg)

Morgan Stanley Chief Executive Officer James Gorman indicated his firm is seeing similar trading declines as competitors JPMorgan Chase & Co. and Bank of America Corp., which said second-quarter trading revenue is on pace to drop at least 10 percent. 

China's Caixin PMI Dips Below 50 for First Time in 11 Months (Bloomberg)

A private gauge of Chinese manufacturing fell back into contractionary territory in May, adding to recent evidence that the economy’s strong start to 2017 is leveling off.

This survey says China's manufacturing sector isn't as strong as the government says it is (Business Insider)

Scepticism over the accuracy of Chinese economic data has just gone up notch following the release of the Caixin-IHS Markit manufacturing PMI report for May, with the survey painting a very different picture on the health of China’s industrial sector compared to the government’s figures released on Wednesday.

This Is What the Demise of Oil Looks Like (Bloomberg)

From giant companies like Exxon Mobil Corp. to OPEC members such as Saudi Arabia, oil producers say their industry will enjoy decades of growth as they feed the energy needs of the world’s expanding middle classes.

Economist shows that single-payer health care in California would protect business and save the public money (Alternet)

The California Senate Appropriations Committee has vastly overstated the new costs of creating a single-payer health system for the Golden State, according to a national authority on healthcare spending.

Is China Headed for a Recession? (Bloomberg)

For the first time ever, China is facing a dreaded prospect: the inverted bond yield curve. The phenomenon, in which long-term interest rates sink below short-term interest rates, has caused some consternation among market-watchers, who know it's traditionally a harbinger of recession.

Moody’s China downgrade will have a longer term policy impact (Business Insider)


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Phil's Favorites

Johnson & Johnson vaccine suspension - what this means for you


Johnson & Johnson vaccine suspension – what this means for you

Vials of the Johnson & Johnson vaccine to prevent COVID-19. The use of this particular vaccine has been halted temporarily. Justin Tallis/AFP via Getty Images

Courtesy of William Petri, University of Virginia

The Centers for Disease Control and Prevention and the Food and Drug Administration on April 13, 2021 halted use of the one-dose Johnson & Johnson COVID-19 vaccine that has been given to 6.8 million people in the U.S. The pause is...

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Johnson & Johnson vaccine suspension - what this means for you


Johnson & Johnson vaccine suspension – what this means for you

Vials of the Johnson & Johnson vaccine to prevent COVID-19. The use of this particular vaccine has been halted temporarily. Justin Tallis/AFP via Getty Images

Courtesy of William Petri, University of Virginia

The Centers for Disease Control and Prevention and the Food and Drug Administration on April 13, 2021 halted use of the one-dose Johnson & Johnson COVID-19 vaccine that has been given to 6.8 million people in the U.S. The pause is...

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UK's First-Time Buyers See House Prices Climb

By Jacob Wolinsky. Originally published at ValueWalk.

First-time buyers paying as much as £73k more to get on the ladder since the market reopened

Q1 2021 hedge fund letters, conferences and more

The Climbing Cost Of Houses For First Time Buyers

Research by the new build snagging and defect management experts, ...

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Zero Hedge

Trading Bonds In Venezuela? Bring A Gunman And Cash

Courtesy of ZeroHedge View original post here.

The Venezuelan bond market - described by Bloomberg as one of the 'tiniest and almost certainly the most primitive' in the world - is also one of the most dangerous.

Based in Caracas where Nicolas Maduro's socialist government is 'ever so slowly freeing up the battered economy' for capitalistic endeavors, the US dollar has become the defacto currency. Yet, there's no electronic method to electronically transfer USD from one bank to another - which mean...

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Digital Currencies

Coinbase Sets Reference Price At $250, Well Below Last Private Market Trade

Courtesy of ZeroHedge

Ahead of tomorrow's much-anticipated direct listing of massive crypto-exchange Coinbase, Nasdaq has just announced the company's so-called Reference Price at $250.

On April 14, 2021, the Class A common stock of Coinbase Global, Inc. is expected to list on Nasdaq through a Direct Listing using the ticker “COIN”.

Because this security has not previously traded on any listing market and has no prior day's closing price, Regulation SHO Rule 201 will not apply to the security until its second day of trading on Nasdaq.

As a Direct Listing, COIN will be in a regulatory halt until ...

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Kimble Charting Solutions

Semiconductor Red Hot Performance Tests 20-Year Breakout Level

Courtesy of Chris Kimble

Will the “Red Hot” semiconductor index cool off or get even hotter due to the shortage of chips?

This chart looks at the Semiconductor Index on a monthly basis over the past quarter-century. No doubt the trend is up as it has created a series of higher lows and higher highs since 2009.

Fibonacci extension levels were applied to the 1996 lows and the 2000 highs. Currently, the index is testing the 261% extension level, while at the top of the rising channel as momentum is at the highest level since the 2000 highs.

The rare chip shortage coul...

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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Saturday, 31 October 2020, 07:10:55 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Black line could chase the orange line..higher asset prices for 2021. Post US election pop!

Date Found: Saturday, 31 October 2020, 11:32:25 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Just like gold ...


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For autocrats like Vladimir Putin, ruthless repression is often a winning way to stay in power


For autocrats like Vladimir Putin, ruthless repression is often a winning way to stay in power

Russian police officers beat people protesting the jailing of opposition leader Alexei Navalny, Jan. 23, 2021 in Moscow. Mikhail Svetlov/Getty Images)

Courtesy of Shelley Inglis, University of Dayton

Russian dissident Alexei Navalny, sick with a cough and ...

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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt


Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...

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Phil's Stock World's Weekly Webinar - March 10, 2021

Don't miss our latest weekly webinar! 

Join us at PSW for LIVE Webinars every Wednesday afternoon at 1:00 PM EST.

Phil's Stock World's Weekly Webinar – March 10, 2021


Major Topics:

00:00:01 - EIA Petroleum Status Report
00:04:42 - Crude Oil WTI
00:12:52 - COVID-19 Update
00:22:08 - Bonds and Borrowed Funds | S&P 500
00:45:28 - COVID-19 Vaccination
00:48:32 - Trading Techniques
00:50:34 - PBR
00:50:43 - LYG
00:50:48 - More Trading Techniques
00:52:59 - Chinese Hacks Microsoft's E...

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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...

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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House


Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...

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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
... more from Insider

About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.