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A pretty wild day for the markets today after the UK voted to leave the European Union. Well, actually, it was just a referendum and non-binding but ignoring the will of the voters is not a good way...
There wasn’t anything new or surprising in the advance durable goods report. Shipments (ex transportation) were flat and orders were up 1% year-over-year (NSA). Capital goods (non-defense, ex...
Several readers are still wondering why the odds-makers and pollsters got it wrong so badly.Let’s recap. If the odds-makers made money, they got it correct. If they lost money, they got it...
Today was an incredibly rough day for the global market, and for good reason. Today was the day that the results came out with regard to a Brexit vote. Unfortunately, the results were the furthest...
Well, that was an interesting end to the week!Talk about a seismic shift in the world order. The markets are coming off a tumultuous day on Friday, in the wake of Britain’s decision to leave the...
Has the next Lehman Brothers moment arrived? Late Thursday night we learned that the British people had voted to leave the European Union, and this could be the “trigger event” that...
DOW – 610 = 17,400SPX – 75 = 2037NAS – 202 = 470710 Y – .17 = 1.57%OIL – 2.49 = 47.62GOLD + 59.30 = 1316.60Britain has voted to leave the European Union, forcing the...
Just a quick note, my Market Risk Indicator is warning today. As a result, the portfolio allocations are now as follows:Volatility Hedged portfolio: 50% long and 50% hedged with mid term volatility...
Janet Yellen should send a note of congratulations to Nigel Farage and Boris Johnson, the British politicians most responsible for pushing the Brexit campaign to a successful conclusion. While she's...
Equity markets around the globe plunged on Friday in response the Brexit vote outcome. Actually, prior to the Friday selloff, the week was looking rather positive for our eight-member watch list....
The dramatic reaction to the UK decision to leave the European Union has changed the technical condition in the foreign exchange market. While the precipitating factor is a fundamental political...
So I saw on Friday that former Fed Chairman Alan Greenspan says this is the worst crisis he has seen. Bigger than the 1987 Crash? Bigger than the failure of Long Term Capital? Bigger than the internet...
Further to my UPDATES noted on my last post, a massive Head & Shoulders pattern has formed on this GBP/USD Monthly chart...catastrophe awaits as price flirts with the neckline. But, the FTSE 100...
Well, they did it. British voters decided to “declare their independence” from the European Union. But before we start talking in grand terms about self determination, there are some...
This is a truly historic day. The Brexit votes have been tallied and the UK will leave the European Union after 40 years. What started as a political ploy has ended in a lesson. World markets are...