The SP 500 closed within one point of September, 2018 all-time last Friday. You’d have to think “everyone” is watching what happens this week. I wouldn’t be surprised to see a pullback here since the SP 500 usually takes a … Continued
Good chart from Gary Morrow at “This Week on Wall Street”. On Invesco’s website it’s noted that the top three foreign currency forwards for the UUP are: Euro: 58% Yen: 14% Pound: 12% So as the euro / dollar … Continued
Factset published an excellent post this afternoon on the US dollar’s impact on SP 500 earnings and revenue: It is clear that US companies with more than 50% of their revenue outside the US, are generating just half the … Continued
The above chart is a weekly UUP chart, named as a “dollar bull” vehicle, for which the primary contract holdings are found in the link. Tied primarily to the euro and the yen, the UUP rallies when these two … Continued
One of the classic scenes from BraveHeart was when Mel Gibson, playing William Wallace, was standing in the field facing down the English cavalry, and holding back his troops, yells, “Hold!…Hold!…Hold!” waiting until the heavy horses and opposition were nearly … Continued
While the UUP ETF (dollar bull ETF, with the two largest weights being the euro and the yen) is now pretty oversold, when talking to a long-time friend of mine from Cincinnati, who is a stockbroker and someone like myself, … Continued
Having never owned the Emerging Markets (EM’s) in any form or fashion in the 1990’s and then staying out of the asset class between 2001 – 2007 given all the money that flowed into the asset class after Technology collapsed, … Continued
One of the risks with the time it takes to push through what might be the biggest change to the US tax code ever, is that businesses (and individuals, too) are waiting to see what the end product looks like, … Continued
This Is Not Bearish The above link is from a guy by the name of Michael Batnick, the research director at Rithotz Wealth Management, a firm whose work I follow and consider to be very “thoughtful” over the years. Michael … Continued
Back in the Spring of 1980, when I was taking my first Money & Banking class, the Fed Funds rate was gyrating from 14% to 20% to 8.5% all in a period of about 6 months, under Paul Volcker’s supervision. … Continued