Agriculture
The reports showed a significant drop in production of US Cotton and much reduced the US ending stocks levels.
Currencies
The real broad trade-weighted dollar index is the way the Federal Reserve thinks about the dollar as well. It was a pledge to investors and creditors that the US would not seek a weaker dollar to secure trade advantage or reduce its debt burden. The Clinton dollar rally was a function of the new technology rally, the age of the PC. The pathetic action of the dollar against the yen is likely indicating that there is significant fundamental strength in the gold market.
The first big dollar rally we associate with Reagan, though in fairness, it began before he took office. The euro proceeded to fall through $0.8500.Two developments took place that served to cap the dollar. Nevertheless, the Reagan dollar rally was a function of the policy mix. What exactly does it mean that the dollar’s “third significant rally” was over? Officials from the G5 met at the Plaza Hotel in New York and agreed to drive the dollar lower through joint intervention.
He needed to distinguish himself from his predecessor and announced a “strong dollar policy.” Yet the dollar’s price is only known relative to another currency, and there are more than 100, or a basket of currencies. Until then, the US had used the dollar’s exchange rate as a weapon to win concessions from Europe and/or Japan. The strength of the dollar was kindling inflation pressures in Europe and Japan. The dollar went through about a ten-year bear market. Currencies, in particular the US dollar, are likely to weaken.
Nixon broke the last link between gold and the dollar on August 15, 1971. The Swiss franc soared as much as 30% in chaotic trade after the central bank abandoned the cap on the currency’s value against the euro. The tech bubble popped, and the Europeans organized coordinated intervention to stop the euro from falling in October 2000, which entailed selling dollars.
The first big dollar rally we associate with Reagan, though in fairness, it began before he took office. The euro proceeded to fall through $0.8500.Two developments took place that served to cap the dollar. Nevertheless, the Reagan dollar rally was a function of the policy mix. What exactly does it mean that the dollar’s “third significant rally” was over? Officials from the G5 met at the Plaza Hotel in New York and agreed to drive the dollar lower through joint intervention.
He needed to distinguish himself from his predecessor and announced a “strong dollar policy.” Yet the dollar’s price is only known relative to another currency, and there are more than 100, or a basket of currencies. Until then, the US had used the dollar’s exchange rate as a weapon to win concessions from Europe and/or Japan. The strength of the dollar was kindling inflation pressures in Europe and Japan. The dollar went through about a ten-year bear market. Currencies, in particular the US dollar, are likely to weaken.
Nixon broke the last link between gold and the dollar on August 15, 1971. The Swiss franc soared as much as 30% in chaotic trade after the central bank abandoned the cap on the currency’s value against the euro. The tech bubble popped, and the Europeans organized coordinated intervention to stop the euro from falling in October 2000, which entailed selling dollars.
Metals
Silver is up 44% since March, and looks poised to head higher.Silver’s fundamentals and price action say silver’s in a strong bull market. It’s time to buy silver as 2021 promises big gains.In many ways, most of us can’t wait to put 2020 behind us and call it last year. In other words, from a historic data perspective, buying silver during these two months tends to result in a trade with upside nearly twice as large as potential downside. Although most mining stocks aren’t as strong as gold or silver right now, this “lagging action” often happens at the start of intermediate trend rallies.
Seasonality is likely to push silver higher over the next 1-2 months while investors shifting capital from equities into safe havens will also give further uplift to prices. Specifically, I believe that the data is highly supportive of a trade over the next 1-12 months in silver and that buying now represents a solid opportunity. For example, when the VIX is between 30-45, market data shows that there’s about a 73-83% chance that silver will rally over the next year.
This said however, I also believe that we will see silver trade higher over more of 2021 due to recent and rising market volatility. In March, the ratio spiked over 125, meaning it took an astounding 125 ounces of silver to buy one of gold. That’s what gold and silver have been sensing, especially since massive stimulus programs and a Fed promise of near-zero rates until at least 2023 appeared.
Not only are returns pronounced to the upside, but the odds of upside movements in silver tend to rise as well. The gold/silver ratio is a useful gauge to assess silver’s relative value against gold.
As a result, I expect silver’s gains will easily outpace gold’s in 2021. Source: TradingView At present, I believe that silver is set to rally in both the short and long term. Put simply, I believe that short-term and long-term variables are supportive of silver at this time. Historically speaking, when the VIX reaches over this amount, returns in silver tend to be pronounced to the upside. To start this piece off, let’s discuss a short-term catalyst which will likely impact the price of silver: seasonality.
Silver “tested” support at $23 several times since September, and has just broken out above resistance. Instead, we need to focus on the bigger trend: silver has already more than doubled since March. Layer on top of that the seasonal trend for silver, and it becomes difficult to paint a more favorable outlook.
Seasonality is likely to push silver higher over the next 1-2 months while investors shifting capital from equities into safe havens will also give further uplift to prices. Specifically, I believe that the data is highly supportive of a trade over the next 1-12 months in silver and that buying now represents a solid opportunity. For example, when the VIX is between 30-45, market data shows that there’s about a 73-83% chance that silver will rally over the next year.
This said however, I also believe that we will see silver trade higher over more of 2021 due to recent and rising market volatility. In March, the ratio spiked over 125, meaning it took an astounding 125 ounces of silver to buy one of gold. That’s what gold and silver have been sensing, especially since massive stimulus programs and a Fed promise of near-zero rates until at least 2023 appeared.
Not only are returns pronounced to the upside, but the odds of upside movements in silver tend to rise as well. The gold/silver ratio is a useful gauge to assess silver’s relative value against gold.
As a result, I expect silver’s gains will easily outpace gold’s in 2021. Source: TradingView At present, I believe that silver is set to rally in both the short and long term. Put simply, I believe that short-term and long-term variables are supportive of silver at this time. Historically speaking, when the VIX reaches over this amount, returns in silver tend to be pronounced to the upside. To start this piece off, let’s discuss a short-term catalyst which will likely impact the price of silver: seasonality.
Silver “tested” support at $23 several times since September, and has just broken out above resistance. Instead, we need to focus on the bigger trend: silver has already more than doubled since March. Layer on top of that the seasonal trend for silver, and it becomes difficult to paint a more favorable outlook.
Oil
Kinder Morgan is a North American energy infrastructure company that operates natural gas and products pipelines, terminals, and CO2 segments. 2020 has been a difficult year for the energy sector, as share prices of oil producers have remained under pressure. Overall, this one, at this point, seems like playing with a can of gasoline too close to an open flame.
United States
Its main rival, the Nasdaq Stock Market, is also seeking to let companies raise capital through direct listings, but Nasdaq’s plan hasn’t yet been approved by the SEC. Earlier this year we witnessed one of the largest run-ups in the VIX ever seen and recent weeks have had the VIX rise up to around 40. Compared with a traditional IPO, a company doing a direct listing with a capital raise would save on underwriting fees typically paid to Wall Street banks.
I incorrectly thought at the outset of the pandemic that the historic job losses being suffered in the US would seriously derail the car buying business. This makes theScore very well positioned to capture a portion of the estimated $40 billion sports betting/iGaming market in the US at maturity. Lee is one of the few on Wall Street who has been correct about the stock market’s dramatic ups and downs this year. The includes $900 billion in pandemic aid, and U.S. President Donald Trump is expected to sign it into law in the next few days.
There was a tight monetary policy from the Volcker Fed as double-digit inflation is squashed with punishing interest rates despite high unemployment. Investors need to be diligent in accepting the unregulated metrics spoon fed to them by reporting issuers and consider relying more heavily on good old fashioned Net Income. While theScore is popular in the US, it is even more popular in Canada and is the number 1 sports media company in the country.
With Trump trying to delist certain companies, the investment community is forgetting a bit about China, which is driving the valuation of Chinese stocks down. As Trump’s exit from the White House is scheduled for next month, there is support on both parties for tariffs on foreign goods. Endpoint security providers and vulnerability management companies like Rapid7 (Nasdaq: RPD) and Tenable (Nasdaq: TENB) are bound to benefit from this growth. The US federal debt percentage is heading to around 100% of GDP this year.
These days, XPeng (NYSE:XPEV) and Li Auto (NASDAQ:LI), NIO’s rivals, are raising money extensively, building commercial and technical moats.
It tends to focus on more rural locations because that’s where its customers are, but there are plenty of suitable locations in the US. Today, theScore has a functional betting platform that it can deploy in all 13 of its partnered states to over 30% of the US population. This comes despite KMX beating Wall Street’s third-quarter earnings and revenue estimates. The Wall Street Journal reported in 2015 that the company planned to launch an electric car in 2019.
The 4Q 2020 expectations are not likely to be met, and a genuine threat is brought by Tesla’s (NASDAQ:TSLA) Model Y in the following months.
I incorrectly thought at the outset of the pandemic that the historic job losses being suffered in the US would seriously derail the car buying business. This makes theScore very well positioned to capture a portion of the estimated $40 billion sports betting/iGaming market in the US at maturity. Lee is one of the few on Wall Street who has been correct about the stock market’s dramatic ups and downs this year. The includes $900 billion in pandemic aid, and U.S. President Donald Trump is expected to sign it into law in the next few days.
There was a tight monetary policy from the Volcker Fed as double-digit inflation is squashed with punishing interest rates despite high unemployment. Investors need to be diligent in accepting the unregulated metrics spoon fed to them by reporting issuers and consider relying more heavily on good old fashioned Net Income. While theScore is popular in the US, it is even more popular in Canada and is the number 1 sports media company in the country.
With Trump trying to delist certain companies, the investment community is forgetting a bit about China, which is driving the valuation of Chinese stocks down. As Trump’s exit from the White House is scheduled for next month, there is support on both parties for tariffs on foreign goods. Endpoint security providers and vulnerability management companies like Rapid7 (Nasdaq: RPD) and Tenable (Nasdaq: TENB) are bound to benefit from this growth. The US federal debt percentage is heading to around 100% of GDP this year.
These days, XPeng (NYSE:XPEV) and Li Auto (NASDAQ:LI), NIO’s rivals, are raising money extensively, building commercial and technical moats.
It tends to focus on more rural locations because that’s where its customers are, but there are plenty of suitable locations in the US. Today, theScore has a functional betting platform that it can deploy in all 13 of its partnered states to over 30% of the US population. This comes despite KMX beating Wall Street’s third-quarter earnings and revenue estimates. The Wall Street Journal reported in 2015 that the company planned to launch an electric car in 2019.
The 4Q 2020 expectations are not likely to be met, and a genuine threat is brought by Tesla’s (NASDAQ:TSLA) Model Y in the following months.
Europe
Also, for many EU countries, negative yield on the government bonds means they can make money selling the bonds. Bid-ask spreads on the EU bonds have narrowed significantly with the additional liquidity.However, outstanding EU bonds are a fraction of Germany’s bunds. In the meantime, nearly €40 billion of the bonds supporting the EU’s emergency unemployment aid have been sold. The VIX curve suggests a period of elevated caution in financial markets “over the coming days with more Brexit/Covid headlines,” IFR said.
Trading volumes in EU bonds are now a multiple of what they were, pulling equal to those of France or Italy.
0 Trading volumes in EU bonds are now a multiple of what they were, pulling equal to those of France or Italy.
