Economic events have the most interesting way of exposing economic theories and orthodoxies and how seriously flawed they truly are these days. The fixed-exchange rate system and the Gold Standard imposed by Bretton Woods collapsed simply because they never fixed the supply of dollars, yet gold and other currencies were fixed to dollars. Only an […]

Most core Asian markets recorded positive returns today and even saw the JPY trade back above the 111 level. Banking and Consumers were the leaders in the pack with the obvious losers being Healthcare stocks affected even in Asia by the US postponed insurance bill vote.  Shanghai and Hang Seng both had little change even after the late US […]

  Today a closing above 20775 will signal that the Dow Jones Industrials is still holding firm. We see this period into May as consolidation.  We have technical support at 20147 level and technical closing support at 20702. ONLY a weekly closing below 20000 would confirm a more sustainable correction into May. Otherwise, expect choppiness. […]

Having seen a 1% decline from the US session, Asia started weak and never looked back. The Nikkei lost over 2.2% with the JPY rallying into the 111’s. The session was already weak, but the added tension of the North Korean missile test certainly did not help matters. In Tokyo, the BOJ minutes were released […]

QUESTION: Hello Martin, In your ‘Why the Crash & Burn is Public not Private’ post of 18 March, you have an image showing World Capital Investment. Is that the sequence money usually follows at this time? And, what exactly is the ‘alignment’ you mention towards the end of the post as well as elsewhere? Best Regards […]

The market talk today was not really so much of Asia when you look back from US closing terms, so therefor, we shall jump to events around midday in Europe. Earlier in the London trading day we had seen UK inflation data and the surprise 2.3% reading, especially given the previous release was at 1.8%. […]

Our Target for a turning point was February and that may indeed produce the highest monthly closing. The intraday high came on March 1st, but looking forward we are due for that correction we warned going into the April/May time period. The talk seems to be concern that Trump is being attacked on all sides […]

When we look at the markets and try to ascertain the long-term direction, we must look at politics closely, for this holds the key. First, this is a Private Wave and that means the confidence in government is collapsing. Hence, the question for the direction of stocks, gold, interest rates, and the world economy, all […]

QUESTION:  I have a question regarding cycles. You provide some very detailed, historic references showing why certain events are occurring now (again). Is there a disposition for something that occurred in the past to be destined re-occur for a particular region/country (i.e. Greeks abandoning property due to excessive taxation) because it happened once and now […]

  Given the mixed to small lower session seen in the US, the reaction it had on Asia was understandably a marginally weaker theme. Eventually, we saw losses in the Nikkei (-0.35%) and Shanghai (-0.95%) but gains for ASX (+0.25%) and Hang Seng (+0.1%). The geopolitical concerns are still present between China and Japan over […]