Sunday, September 10, 2017

NYSE WADL  (Weekly Advance Decline Line)


FCOJ short term


FCOJ  long term




QUICK OVERVIEW



  • (Economist) There are now 400 extreme weather events every year, four times as many as in 1970.



  • And let’s not forget Florida Gov. Rick Scott, a pioneering climate denier.



  • (WPO) The Pacific bluefin population has been depleted by more than 97 percent from its historic high, because of overfishing.



  • (Bloomberg) China is working on a timetable to end production and ban sales  of fossil fuel cars in electric vehicle push.  



  • (Economist) Republicans only want to tax profits earned at home, removing the incentive to stash foreign earnings. Cutting taxes on profits earned abroad would be a pointless giveaway. The government may as well write shareholders a cheque. 



  • (CNN) In other news: 6 in 10 Americans don't have $500 in savings.



  • Facebook (after several denials) says Russians may have bought $100,000 in political ads.



  • (NYT) Russian fingerprints are on thousands of fake Facebook and Twitter accounts that posted anti-Clinton messages






  • For sale/rent a SEX robot which "moans" when its boobs are massaged. If technology is replacing the oldest profession what jobs are next?? 



Monday, September 04, 2017

QUICK OVERVIEW


  • House prices in the US show a negative correlation with predicted climate change risk, according to property analysts Zillow, demonstrating the attraction of living by the sea.



  • In little more than a month, the price of a share in Swiss National Bank increased by 50 per cent. No one knows why.



  • (Economist) Since 1970, the number of disasters worldwide has more than quadrupled to around 400 a year.



  • America is regressing to have the economic and political structure of a developing nation, an MIT economist has warned.  Peter Temin says the world's’ largest economy has roads and bridges that look more like those in Thailand and Venezuela than those in parts of Europe. 




Monday, August 28, 2017

Gold Breakout

 
VLCC Tanker Rates

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  • (WAPO) North Korean missile flies over Japan, sharply escalating tensions and eliciting an angry response from Tokyo..

  • (FX Street) State Farm, Liberty Mutual and Allstate are the insurers most exposed to losses from Hurricane Harvey.

  • (Guardian) Kenyans producing, selling or even using plastic bags will risk imprisonment of up to four years or fines of $40,000 (£31,000) from Monday, as the world’s toughest law aimed at reducing plastic pollution came into effect.

  • (FT) The Chinese population in Africa is now in decline as workers return to China because of falling commodity price.

  • (FT) The UK generated more electricity from wind turbines than from burning coal last year — a first.

  • Trump’s high-level business advisory groups have fallen apart.

  • Trump has abandoned plans to create an infrastructure advisory council.

  • Japan, the world's third-largest economy expanded by a much stronger-than-expected annualized rate of 4.0% in April-June --  its longest uninterrupted run of growth in a decade,

  • (Scientific American) The world can expect 3 to 7% less crop yield for each degree rise in temperature

Sunday, July 23, 2017

QUICK OVERVIEW



  • World's most populous city Shanghai just registered highest temperature of 40.9C (105 F) in recorded history.

  • U.S. Housing starts rose for the first time in four months in June, increasing 8.3% to an annual rate of 1.215 million.

  • The euro zone's public deficit dropped in the first quarter of the year to its lowest level in nearly a decade, driven by a widening surplus in Germany.

  • China has raised its 2017 annual GDP projection to 6.8% YoY from 6.6 % previously.

Saturday, July 15, 2017

QUICK OVERVIEW



  • US and retail sales fell for a second straight month.

  • U.S. business inventories rose 0.3% after an unrevised 0.2% decrease in April.

  • Sales fell 0.2%, the biggest decline since July 2016, after being unchanged in April.

  • U.S. Consumer prices were unchanged in June.



  • Chances of a U.S. rate hike in December fell to 47% from 55%.



  • All this points to tame inflation and subdued expectations of strong economic growth in the second quarter.




  • CAD derived extra support after the Bank of Canada raised its overnight rate target by 25 bp to 0.75%.




  • Drill, baby, drill. Baker Hughes says the worldwide rig count for June was 2,041, up 106 from May and up 634 from June 2016



Sunday, July 09, 2017

QUICK OVERVIEW



  • U.S. Non-farm payrolls rose by 222,000 jobs last month, driven by hefty gains in healthcare, government, restaurants and professional and business services sectors, the Labor Department said on Friday. Beating economists' expectations for a 179,000 increase.

  • Department of Labor said that Average hourly earnings in the U.S. rose to a seasonally adjusted 0.2%, from 0.1% in the preceding month whose figure was revised down from 0.2%. Analysts had expected Average hourly earnings to rise to 0.3% last month.

  • German Industrial Production rose 1.2% vs. 0.3% forecast

  • MoM Canada's PMI rose to 61.6 from 53.8.

  • The Canadian unemployment rate fell to 6.5%, from 6.6% MoM.

  • MoM U.K. industrial production fell to -0.1%, from 0.2%. Analysts had expected U.K. industrial production to rise 0.4% last month.

  • After a record 17.55 million units sold in 2016, the U.S. auto industry has posted declining sales for the last four months, with high consumer discounts and inventory levels posing concerns.

  • Not much for the gold bulls to be excited about. Central banks are not so accommodating anymore and inflation - so far - isn't an issue.


  • The current Australian drought may be responsible for a YoY plunge in wheat production of more than 40% - smallest crop in a decade.

  • Minneapolis wheat, a specific focus of grain market attention since the drought began, is leading the way. Temperatures in the northern plains spring wheat belt have seen temps above 100 and more heat may be on the way.