A weekly Saturday night show that attempts to predict market direction for the week ahead by looking at a variety of technical and fundamental indicators.
This week’s show features Trump’s comments about bringing down drug prices, the incredible trial results from Bellicum Pharmaceuticals that cured all 35 children in the trial, takeover rumors surrounding (Read More….)
While markets around the world have bounced back after Brexit, the same can not be said for Italy. Italy became the first victim of Brexit as Italian banks collapsed shortly after the UK voted to leave the EU.
The Money GPS published this video back in March about what a dire situation Italy is in:
Brexit has crashed German bund yields. Current rules prevent the ECB from buying bonds that yield less than -0.40 percent.
An estimated 800 billion euros of German bonds are not eligible for the EBC’s asset-purchase program.
Brexit made the number of German bunds ineligible for ECB QE much worse. Money from across Europe has (Read More….)
No ‘V’ bottom bounce for the euro as of 7:47 PM PST in the United States. The euro continues its drop in early trading, down -1.05%.
The key psychological level to watch on the euro is Friday’s low at 1.0909. A break below this critical psychological level could result in another massive sell-off.
May 11, 2016: Imax Corp signs 40-Theatre full revenue share agreement with Guangzhou JinYi Media Corporation in China. IMAX Corporation, IMAX China Holding Inc. and Guangzhou JinYi Media Corporation (JinYi), one of the largest… (Read More….)