While the stock market crashed as the pundit looked in their bag to try to come up with an excuse, they blamed rising inflation and interest rates. Yet, nobody is really paying attention to the underlying trend. The cost of carrying debt has been rising gradually and there are noticeable measurable impacts that the pundits are […]

On the whole a positive session for Asia with the Hang Seng probably the stand-out performer on the day. Closing up almost 2% gains were led by financials, bouncing after yesterdays nerves, but also a strong performer were energy/chemicals and property sector’s with Country Garden (+5.6%) and China Petro-Chem (+3.7%). Shanghai market remains closed for […]

Yesterdays enthusiasm could not be sustained in such thin volume and so it was with HSBC’s earnings miss that returns the fear! The Nikkei took much of the steam and consequently returned 1% of its recent gains. The finance sector was heavy probably responding to HSBC’s worries as most of Asia watched their shares decline […]

The Japanese government once again reduced its holdings of US government bonds during December 2017. In total, Japan sold bonds worth $ 22.5 billion. This is not a huge amount. Nevertheless, this puts the total stock of US debt at about $ 1.06 trillion, which is the lowest level since 2012. Japan used to be the […]

QUESTION: Hi Mr Armstrong, I have read somewhere that you think that interest rates will go up higher than expected and at faster pace. I don’t understand its relations with bonds. Also your opinion seems to be in clear contrast to everyone else who thinks it will go up slowly over the next few years. If […]

Ahead of a short week for China holidays and the release of US CPI data, it was no surprise we saw a mixed session in Asia. The Nikkei continued its bearish move with a decline today of -0.45%, briefly flirting with the 200 day MA but bouncing by the close of play. The Yen remains […]

Asia rallied, initially, with all core indices making solid progress in early trading following reflecting strong US markets. However, the Nikkei di not get into the mood opening lower and trending weaker into the close. Eventually finishing down -0.65% we saw a rush into the Yen against the USD also. Shanghai and the Hang Seng […]

We are moving into a crisis of monumental proportions. There has been a serious fundamental problem infecting economic policy on a global scale. This conflict has been between monetary and fiscal policy. While central banks engaged in Quantitative Easing, governments have done nothing but reap the benefits of low-interest rates. This is the problem we have with […]

QUESTION: Hey Martin, … My question is: is there an influence of the Dow at this moment on the cryptocurrency market and the precious metal market? As you say, gold is not ready yet… Will the possible correction of the Dow play the confidence game and scare a lot of markets off? ANSWER: Yes. With Dow declining, […]

QUESTION: Marty; Just wow. You called the day of the high and then said the market would make a new low yesterday, a directional change would take it back up and that was the low. I do not understand why the world is not knocking down your door. Then again, I guess they did that’s why […]