Bonds and Currencies Report (BOE Surprise?)
It was a generally quiet day in the currency and bond markets as the various cross currents (election, M&A, economic data, etc.) all largely cancelled each other out. The Dollar Index closed little changed after spending most of the day modestly stronger. The euro was modestly weak for most of trading Monday (down 0.30% at […]
Chart of the Day: SPX Morning Gap Fill
Stocks sold off several points in the opening hour of trade yesterday in what turned out to be a classic “gap fill” between yesterday’s open and Monday’s morning high.
Chart of the Day: Copper Holds Longstanding Support
Copper tested and held a multi-month uptrend support line yesterday, but if that level near $2.10 is materially violated it could be forecasting a further slowdown in an already very sluggish global growth rate.
Chart of the Day: Natural Gas Rally
Since we recommended getting long natural gas on September 21st, futures have rallied more than 17% trough-to-peak and we believe there is still more room to run to the upside in both the near and longer terms.
Election Investing, Stock Market Sweet Spot & Bonds Italian (Video)
Another episode with Tom Essaye and Adam Johnson on Market’s Bell discussing: Election Investing, Stock Market Sweet Spot & Bonds Italian Style.
Chart of the Day: Dow Transports Threaten to Breakout
Dow Theory has been bearish since July of 2015 however, the Transports are threatening to confirm a bullish signal in the DJIA from earlier in the year which would shift the historically accurate indicator back in favor of the bulls.
Five Important Events to Watch As We Start 2025
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Five Important Events to Watch As We Start 2025