April 16, 2017: Sell Wi-LAN for a 25% win in 72 days and congrats if you made money on the trade.
February 9, 2017: Wi-LAN reports Q4 EPS of $0.07 versus $0.02 YoY. Revenue also beat coming in at $30.2 million versus the $26 million estimate YoY. Wi-LAN guides Q1 Cash Operating expenses between (Read More….)
A trade war between the US and China is likely going to start next year with a key promise of Trump to declare China a “currency manipulator” on day one of his Presidency and to enact a 45% tariff on certain Chinese produced products sold in US markets.
China has threatened to retaliate by dumping (Read More….)
The PBoC set the yuan midpoint at its lowest level since late 2008. A huge round of currency devaluation by the Chinese continues unabated.
A two-month chart comparing the currencies of our largest trading partners shows the rapid devaluation of not only the yuan but the Japanese yen and euro.
You would think that (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….)
As wages rise, more and more business owners are turning to machines instead of human labor. President Obama and Democrats have spent the last 8 years replacing high-paying jobs in the manufacturing sector with low-paying jobs in the services and health care sectors. But in all fairness, both Republicans and Democrats are to blame for (Read More….)
The world’s largest funds are sovereign wealth funds used by countries to run an entire government and to provide social welfare programs for the people. Back in January of 2015, I wrote about the drop in the price of oil impacting sovereign wealth funds here.
It was inevitable that if oil did not recover quickly, (Read More….)
The main rug on which perma-bulls stand is the falling unemployment rate in the U.S. A falling unemployment rate seems like a good thing for markets but is it?
Japan Unemployment Rate
We all know that Japan’s economy has been in trouble for decades as its central bank scrambles to prop up the economy. The (Read More….)
In 2016, foreign countries have dumped a shocking $192 billion worth of U.S. Treasury bonds. This dumping of bonds is the biggest selloff of U.S. debt since 1978.
China, Japan, France, Brazil and Colombia are the leading countries that are dumping U.S. debt.
U.S. Treasury bonds are the safest investments in the world. Countries often (Read More….)
Peter Boockvar with The Lindsey Group was on CNBC today telling traders to keep an eye on Japan’s 10-year bonds for U.S. stock market trading signals.
The buzz on Twitter is this chart that seems to show U.S. bond markets following Japan’s 10-year bond yield chart.
The idea that if interest rates go (Read More….)
The mainstream financial media first reported that Brexit was not going to happen. After Brexit had happened, the mainstream media said that the people of the UK didn’t know what they were doing and were experiencing remorse.
When the market dropped after the Brexit vote, the mainstream media was all about doom and gloom regarding (Read More….)
Japan’s bond yields are all going negative. Reports are that the 20-year bond yield briefly fell below zero today in some markets. The bid chart I was able to retrieve shows 20-year bond yields just above zero at 0.017%.
The number of Japanese bonds with a negative yield are astounding. Anything below the 20-year (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.
As goes Japan, so goes the S&P 500. History shows that the Japanese Nikkei 225 is an excellent predictor of a stock market crash in the US.
The red line is the Japanese Nikkei 225 index, and the blue line is the S&P 500 index. In 2000 and 2008, Japanese stocks turned down and (Read More….)