Jan 11, 2019
You Can’t Debunk MMT Back in 2010, I came across Modern Monetary Theory (MMT) for the first time and found it somewhat appealing.
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You Can’t Debunk MMT Back in 2010, I came across Modern Monetary Theory (MMT) for the first time and found it somewhat appealing.
Fed Pulls The Punchbowl, Part 2
Fed Pulls The Punchbowl, Part 2
In the “Fed Pulls the Punchbowl” part 1, I discussed some of the liquidity shifts we’ve seen in the credit markets over the last year or so. Since then, we’ve seen the market fall 3,000 points from ~24,500 to ~21,500 only to bounce back in the middle of this zone with the 1,000 point up day on Wednesday the 26th. Volatility indeed.
The following chart shows the reduction in liquidity dynamics as…
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Every Bubble Is In Search Of A Pin
Every Bubble Is In Search Of A Pin
Now that the world’s central banking cartel is taking a long-overdue pause from printing money and handing it to the wealthy elite, the collection of asset price bubbles nested within the Everything Bubble are starting to burst.
The cartel (especially the ECB and the Fed) is hoping it can gently deflate these bubbles it created, but that’s a fantasy. Bubbles always burst badly; it’s their nature…
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Will Santa Leave A Lump Of Coal?
Will Santa Leave A Lump Of Coal?
As we enter the last month of the year, the holiday season is kicking into full gear, decorations are popping up everywhere, and the burning question arises, “Will Santa Claus bring gifts for stock market investors, or will he leave a lump of coal in their stockings?”
It was a bumpy sleigh ride last month, but we ultimately entered December in a festive mood with joyful monthly gains of +1.7% in…
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U.S. Equity Leadership: 3 Key Trends To Watch
U.S. Equity Leadership: 3 Key Trends To Watch
By Alec Young, managing director, global markets research
The yawning gap between US and international equity performance that has been building since 2011 persists unabated. Through mid-September, the Russell 1000 Index has generated a year-to-date total return of 9.6% compared to a 4.4% decline for the FTSE All-World ex US Index and a 10.1% decline for the FTSE Emerging Index (in USD).
In…
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Article: S&P 500's All-Time Highs: Buy Or Bye? @DominicPicarda #FT #InvestorsChronicle #sp500
Article: S&P 500′s All-Time Highs: Buy Or Bye? @DominicPicarda #FT #InvestorsChronicle #sp500
Dominic Picarda is a Chartered Market Technician and an award winning financial journalist.
You can also find Dominic at his personal website Picarda.org
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The S&P 500 and DAX have lately hit all-time highs
Momentum traders interpret this bullishly, while some others are nervous. In this short piece, I examine the last 86 years of market action and find that all-time highs are…
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