We have enough data to say that inflation is finally trending higher.
In case you are wondering why inflation moving higher is important, please review this.
The less volatile sticky CPI confirms the uptrend.
ObamaCare has exploded the cost of medical care higher.
Medical care commodities, which are prescription and (Read More….)
For the week, the S&P 500 lost -1%, the DJIA fell -0.6%, and the Nasdaq dropped -1.5%. Last week, preannouncements from Honeywell, Dover, Ericsson, and Fortinet scared traders, along with a disappointing Q3 report from Alcoa. HP announced a cut of 3,000 to 4,000 jobs across all divisions because of challenging market conditions.
Friday’s solid (Read More….)
The stock market is being taken down by the rising US dollar. Check out the chart below of UUP and the S&P 500.
Our largest trading partner Canada is devaluing the Canadian dollar.
Our second largest trading partner China is devaluing the Yuan which is pushing up the US dollar. In overnight trading, (Read More….)
The mainstream media and Donald Trump have been at odds for a long time. That’s not news. Every publication from the WSJ, Reuters, and Bloomberg show constant biases in the articles they publish.
As a result, a lot of traders, simply mimicked what they read in the mainstream financial media as if was a fact. (Read More….)
The Chinese continue to devalue the Yuan against the US dollar to gain a competitive advantage in international trade.
The PBOC set the Yuan midpoint at 6.7098 which is the lowest level since September 2010.
Check out the massive currency manipulation on the Yuan/USD chart.
International trade and comparative advantage was never supposed (Read More….)
Warren Buffett’s favorite measure of market valuation is to compare total stock market capitalization to GDP. Warren Buffett said back in 2001 in a Fortune Magazine interview, “it is probably the best single measure of where valuations stand at any given moment.”
Below is a ratio chart of stock market capitalization to GDP with the (Read More….)