ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
No new news in the Bank of Canada’s decision to maintain its overnight rate target at 0.25% and to start increasing this rate at the end of next quarter. The Bank of Canada continues to lament the stubborn strength of its currency despite these rock-bottom rates: “…the persistent strength of the Canadian dollar and the … Read more
Major resistance has broken and trends are turning back up on the major indices, so it is time to consider more seriously the prospect of the market printing fresh highs on the year sooner than later. Yesterday, I examined Cummins (CMI) as one of several stocks that may indicate the market has sufficient buying power … Read more
Illinois stuck in a ‘historic, epic’ budget crisis – chicagotribune.com Talk of major tax increases coupled with draconian spending cuts is building in Springfield (tags: Illinois govt_spending debt) Ritholtz on Bailouts, the Fed, and the Crisis | EconTalk | Library of Economics and Liberty Barry Ritholtz, author of Bailout Nation: How Greed and Easy Money … Read more
Pound Has Problems of Its Own – WSJ.com While experts debate the fate of Europe's crisis-racked currency, it appears the British pound may be heading for its own little nightmare. (tags: British_pound currency) More Often Than Not, the Insiders Get It Right – CNBC Corporate insiders are sending fairly positive signals about the market. When … Read more
Ever since I speculated that the market had finally reached a (near-term) top in January, I have been tracking signals confirming this top. Every once in a while, I stumble upon a significant stock that flashes a contrary sign and gives me pause. Cummins, Inc. (CMI) is a company with such a stock. Cummins, Inc. … Read more