NIRP – a Central Bank Roadblock to Wealth

NIRP – a Central Bank Roadblock to Wealth

NIRP, the European Central Bank’s Negative Interest Rate Policy, can block wealth creation for those that can’t reach directly into the ECB’s printing press. Here’s one way you probably hadn’t considered and it may be hurting your portfolio without you even knowing it.

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Falling Dollar as Trump Trade Tumbles into Investor “Meh”

Falling Dollar as Trump Trade Tumbles into Investor “Meh”

The U.S. dollar got hit hard again today as the Trump Trade continues to reverse and investor sentiment becomes more neutral – a big “Meh.” The U.S. dollar is continuing its steep decline today as the AMEX U.S. Dollar Index makes new lows for 2017 and is nearing the lowest point over the past year, […]

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FOMO, Musical Chairs or Soros?

FOMO, Musical Chairs or Soros?

FOMO aka Fear of Missing Out has been running high, pushing the S&P 500 today to reach into severely overbought territory, moving more than two standard deviations above its 50-day moving average. In the chart below the middle orange line represents the 50-day moving average, with the top and bottom orange lines two standard deviations from that […]

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Fed in a Rate Hike Corner

The Fed has trapped itself in a rate hike corner, having told the markets for nearly a year that the economy is doing great and it will need to raise rates, soon…very soon. Now there are signs of the economy weakening, other nations are devaluing their currencies and the U.S. is still stuck in ZIRP (Zero Interest […]

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China isn't the only country slowing

China isn't the only country slowing

China isn’t the only country slowing, as we are sure you’ve all been hearing, the global economy is slowing to a level that ought to make everyone pay attention. Earlier this month the International Monetary Fund (IMF) cut forecasts for 2015 yet again, projecting 3.1% versus its prediction in July for 3.3% and its April […]

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Risk On?

Risk On?

This morning I spoke with Matt Ray on America’s Morning News about the recent market action. Are we back to risk on? Here is a bit more detail on our discussion. Equity markets have rebounded to an impressive extent after the recent correction, with the S&P500 less than 5% away from its all time highs, last […]

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Damn It Janet, Yellen isn't tellin'

Damn It Janet, Yellen isn't tellin'

Last week Janet (I’m not tellin’) Yellen gave her annual two-day Congressional testimony, making it clear during Tuesday’s discussion that she wants to move away from the concept that Fed guidance is a pledge and appears to still prefer more tortoise than hare policy moves, assuring the markets that while the Fed will remove the […]

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Currency Wars – It's On!

Currency Wars – It's On!

Last Wednesday the European Central Bank (ECB) announced that it is launching its own quantitative easing program that was double what had been rumored, at an impressive €1.2 trillion. ECB Chairman Mario Draghi was able to pull off a program of this size by having some 80% of the bond-buying executed by national central banks. […]

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June Market & Economic Overview – A Tale of Central Banking

June Market & Economic Overview – A Tale of Central Banking

“The Future Ain’t What it Used to Be” Yogi Berra Much of the recent economic data has been well below the hopes and expectations of governments and market pundits around the world. First quarter US GDP growth was revised down from +0.1% to an actual contraction of -2.9%, making the first quarter of 2014 the […]

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November Economic Indicators

November Economic Indicators

The market has been on a tear, so what do November’s economic indicators tell us? J GDP beats: On November 7th we learned that 3rd quarter GDP was better than expected at 2.8%, which of course pushed stocks lower in today’s good is bad and bad is good upside down market. K Unemployment beats, but […]

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