Over the last twelve months, the overwhelming majority of major world currencies gained ground against the U.S. dollar. In fact, world currencies didn’t just garner marginal appreciation… they... read more »
The lack of US data helped the dollar run on new concerns stemming from a new chapter in the Greek saga and softness in U.S. equities. The biggest loser by far against the dollar was the pound which... read more »
We may have hit a pivotal turning point in a number of markets today. We will need to see confirmation of reversals early next week...stay tuned. Crude will finish the last trading day of the week... read more »
The bears have their hero in Nouriel Roubini. Yet the bulls have a star in Laszlo Birinyi, a long-time money manager who believes the cyclical bull market has just begun. Birinyi’s belief is that... read more »
A quick thought on the Health Care debate. I would love to see just a little bit of honesty in the process. The truth is that I could respect the left's agenda a great deal more if they espoused a... read more »
Boeing Co., the Chicago-based aerospace and defense corporation, announced on Friday that it plans to increase production of its 777 and 747 aircraft amidst strengthening demand from the airline... read more »
When assessing the strength or weakness of a recent market move - such as the ‘non-stop’ rally we’ve seen so far in March - it’s important to look beneath the price to see the signals from... read more »
Retail prices, as reported by the U.S. Bureau of Labor Statistics' Consumer Price Index, were unchanged in February, bringing the yearlong increase for the index down to 2.1 percent. Wholesale prices... read more »
Gold stocks continue to face a stiff psychological headwind. As measured by their flagship HUI index, they were ripped to shreds in late 2008's brutal stock panic. In only 13 trading days, the... read more »
Quad Witching has provided the volatility needed to break the winning streak. SPY has seemingly found support near $115.75. In as much as I'm distrusting of that support based on very weak... read more »
