The Nikkei and Hang Seng closed virtually unchanged in anticipation of the US lunchtime numbers. The Hang Seng was the best performing Asian index closing up 0.45%. It was always going to be about the US Payrolls even as Europe opened marginally better bid. Overnight we had seen the USD take a bit of a […]

The Nikkei saw another impressive day today with the index closing up +0.97%  but at the same time the Yen continues to lose ground. In late US trading we have broken again the 103.50 level with the lose this week close to 3%, there are many rumors around BOJ intervention in the FX but all […]

The roads in Illinois are in decay. This may be the first state to go bankrupt. The question is not if, but when. State unions are so greedy that they are destroying the very state. This is exactly how Rome fell — government employees against the people. Seven states have constitutional provisions that state employee […]

The Nikkei was not the main topic of conversation today in Asia as the Shanghai and Hang Seng both outperformed the Tokyo exchange. The HSI closing up 0.85% and was the best performer, until after Asian cash markets closed. Throughout the European and US time zone the JPY has weakened through the 103 handle and […]

We knew what to expect from the Nikkei cash this morning after we heard remarks late Friday and Saturday from all at Jackson Hole. On Saturday it was BOJ Governor Haruhiko Kuroda who said he would approve further monetary stimulus without hesitation! Having seen the Nikkei futures up 1% and the JPY weaken by 1% this […]

The revelations about Hillary are never ending. Even Donald Trump who admits buying politicians donated $100,000 to Hillary’s Foundation back in 2009. While others were handing her tens of millions to get deals from the State Department, with a token $100,000, Trump was obviously just putting his name on the list for influence as he […]

The Nikkei (cash market) had a lot to recover having just returned but recover it did. The early bounce was pulled back then the Friday afternoon recovery took over and we closed just off the days highs (+1.2%). China’s Industrial Output was expected at 6.1% but came in a little short at 6% which did […]

QUESTION: Hi Marty,   I read your post on gold today. After crash and burn, all those that are holding paper money will take a haircut.  So, irregardless of how high physical gold goes per ounce, at least it is a tangible asset, as opposed to what (toilet) paper money may be worth…am I seeing […]

QUESTION: All energy says spike low on monthly global market watch. Now we had a correction from 52 to $39 so that qualifies but we also had a rally from 39 to 47 so does it still qualify? If Socrates uses the last data point 47 it would not be a spike low  but if it accesses […]

Exporters within the Nikkei weighed heavy on the index today eventually closing down 1.55% at 16,486. Watching the JPY trade below par was no surprise the likes of Mazda, Toyota and Nissan all traded around 2% lower. Exports for July were the worst seen in seven years down nearly 25% YoY. China played in a […]