Posts Tagged ‘world steel production’

REVALUING THE YUAN – AND OTHER TALES FROM A DRUNKEN SAILOR

REVALUING THE YUAN – AND OTHER TALES FROM A DRUNKEN SAILOR

Drunk Man Sleeping After Party

Courtesy of Rohan of Data Diary:

[h/t Pragcap]

Not quite a random walk, more like the one lurch forward, two staggers back, that is how the market has greeted the ‘news’ that China will be taking the yuan to a crawling peg.  First, risk markets rallied as we all looked inquisitively at each other and asked ‘isn’t this what we wanted?’.  Then with bearish trend reversals prominent in markets across the globe, the real response kicked in.

The weight of money now seems to be gathering behind the notion that the Chinese are serious about slowing their economy – and that the crawling revaluation of the yuan is just another plank in this strategy.  The clearest prognostication of the markets reception of these moves to reign in Chinese growth is provided by the Baltic Dry Index:

Baltic Dry Index 400x323 REVALUING THE YUAN AND OTHER TALES FROM A DRUNKEN SAILOR

It’d be fair to say freight rates have collapsed over the last couple of weeks.  When we read that capesize freight per tonne rates from Australia to China were down 25% last week (from Cotzias Shipping here), the simplest interpretation is that the demand for bulk commodities has taken a turn for the worse.

To place this in a little context, consider the following chart of world steel production:

World steel production 400x209 REVALUING THE YUAN AND OTHER TALES FROM A DRUNKEN SAILOR

The importance of China to global demand for iron ore and coking coal is self evident.  But to make the point all the more clearly, consider this excerpt from the World Steel Association’s May report (here)

World crude steel production in May 2010 was 9.8% higher in comparison with May 2007, before the impact of the global economic crisis was felt. However, while China, South Korea and Turkey showed increased crude steel production in May 2010 compared to the same month 2007, the US, Italy, Spain and Japan are not yet back to pre-crisis production levels. The EU is -18%, North America -14% and Latin America -9.8% down on the five months to May total in 2007.

Now the point of this thinking is that the reaction of risk markets to the news about the revaluation is understandable.  If we make the broad assumption that the downside risks around Europe have been essentially factored into the markets (for the moment), and that those relating to the US are in abeyance (for the moment), then those around China are to…
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Why Big Tech is Plotting an Invasion of the Healthcare Market

 

Why Big Tech is Plotting an Invasion of the Healthcare Market

Courtesy of Visual Capitalist

The idea of using modern tech to transform the multi-trillion dollar healthcare industry has been around for a long time.

In 1996, legendary Silicon Valley entrepreneur Jim Clark launched his third startup, Healtheon, which was focused on what he called the “Magic Diamond”. The diamond represented the $1.5 healthcare market in the U.S. and its shape came from the doctors, providers, payers, and consumers slotted into the four outer points.

In the middle of the diamond, Clark had placed his new company Healtheon, which...



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Zero Hedge

Amazon Begins Delivering Packages To The Trunk Of Your Car

Courtesy of ZeroHedge. View original post here.

Announcements and leaks about new Amazon products and programs have been dropping almost daily as CEO Jeff Bezos is presumably pulling out all the stops to ensure that he remains the world's richest man.

Yesterday, it was a report about Amazon's "top secret" project to build its next blockbuster consumer product: A robotic home assistant that...



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Insider Scoop

Kerrisdale Short Report Says St. Joe's Real Estate Plan 'Pure Fantasy'

Courtesy of Benzinga.

Related JOE 28 Stocks Moving In Tuesday's Pre-Market Session 8 Stocks Moving In Monday's After-Hours Session ...

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Chart School

Semiconductors Approach 200-day MA; S&P Sleeper Play

Courtesy of Declan.

There were modest losses today with most indices holding the status quo from Friday. The one exception was the Semiconductor Index as it lost over 1% in a confirmed break of support. However, it does have the 200-day MA for a likely test tomorrow. All technicals are negative and relative performance took another step lower but no change there.


The Nasdaq broke bearish wedge support but is resting on a minor support level.  Today saw a new On-Balance-Volume 'sell' trigger but the 6,800/7,500 trading ra...

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Digital Currencies

Bitcoin Tops $9,000 As NY Fed Says "Doesn't Pass Test Of What Currency Should Be"

Courtesy of Zero Hedge

Bitcoin is now up almost 40% from its lows right before Tax-Day, breaking back above $9,000 for the first time in over a month.

But while Bitcoin is rebounding, the rest of the cryto-space is soaring...with Ripple up 85% and Ethereum up lamost 65% in the last two weeks...

As it seems 'risk-on' is back in the cryptocurrency markets after a month or two of tax turmoil...

Additionally, Bloomberg ...



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Biotech

Why marijuana fans should not see approval for epilepsy drug as a win for weed

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

Why marijuana fans should not see approval for epilepsy drug as a win for weed

Small vials of CBD, which some believe could be a cure for many ailments. Roxana Gonzalez/Shutterstock.com

Courtesy of Timothy Welty, Drake University

A Food and Drug Administration panel recommended approval of a drug made of cannabidiol on Ap...



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ValueWalk

Buffett At His Best

By csinvesting. Originally published at ValueWalk.

Bear with me as I share a bit of my history that helped me create SkyVu and the Battle Bears games. The University of Nebraska gave me my first job after college. I mostly pushed TV carts around, edited videos for professors or the occasional speaker event. One day, Warren Buffet came to campus to speak to the College of Business. I didn’t think much of this speech at the time but I saved it for some reason. 15 years later, as a founder of my own company, I watch and listen to this particular speech every year to remind myself of the fundamentals and values Mr. Buffett looks for. He’s addressing business students at his alma mater, so I think his style here is a bit more ‘close to home’ than in his other speeches. Hopefully many of you find great value in this video like I have. Sorry for the VHS...



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Kimble Charting Solutions

The Stock Bull Market Stops Here!

 

The Stock Bull Market Stops Here!

Courtesy of Kimble Charting

 

The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average.

In my humble opinion, each index above remains in a bull trend, as triple support (200-day moving averages, 2-year rising support lines, and February lows) are still in play ...



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Members' Corner

Cambridge Analytica and the 2016 Election: What you need to know (updated)

 

"If you want to fundamentally reshape society, you first have to break it." ~ Christopher Wylie

[Interview: Cambridge Analytica whistleblower: 'We spent $1m harvesting millions of Facebook profiles' – video]

"You’ve probably heard by now that Cambridge Analytica, which is backed by the borderline-psychotic Mercer family and was formerly chaired by Steve Bannon, had a decisive role in manipulating voters on a one-by-one basis – using their own personal data to push them toward voting ...



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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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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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