Despite a better than previous Chinese PMI release (48.4 against a previous 48.2) it was not what was expected (48.6) and so the Shanghai Index just could not make headway and eventually closed down 1.8%. Japan, on the other-hand, was still trading better (+1.8%) on the negative interest rate route as money looks for bargains […]

QUESTION: Mr. Armstrong; What happens to paper money when the government moves electronic? Is it just cancelled? Does cash then become worthless? Thanks RD ANSWER: It appears that electronic currency will first arrive in Europe. The cash will be demonetized, so yes, it will become worthless. However, they will most likely give you a time […]

According to a recent poll, almost 40% of German voters believe that Angela Merkel should resign over her liberal asylum policy after almost 1.1 million newcomers arrived last year. Her decision is tearing Europe apart at the seams.

An American law firm is planning a class action suit in Europe against the major banks involved in the currency manipulations. These banks have already paid billions in fines; now comes the lawsuits. If they stay out of New York City, they might get a real court to go after the bankers. The lawyers have […]

The BOJ certainly woke everyone up this morning having concluded their meeting with the expectation of negative interest rates. Within seconds the Nikkei leaped 700 points only then trade back then spent the final 90mins climbing to close the session +2.8%. Adversely, the Yen was hit reaching 121.50 in Tokyo trading a loss of a […]

Japan opened weaker (mostly following the poor close on Wall Street) but was also influenced by the poor Retail Sales (Est -0.1% v’s actual -1.1%). However, after the initial shock prices recovered on rumors of additional stimulus expected to be announced tomorrow (following its two day policy meeting) but even that could not stop the Index […]

We have penetrated last year’s low in the cash S&P500, but not in the Dow yet. The Yearly Bearish does not come into play until we get to the bottom of the upward channel. Penetrating last year’s low is indeed setting the stage for the Slingshot. Everything on our models is clearly pointing to this […]

Google’s artificial intelligence computer has beaten the European champion of the board game Go. Not just once, but 5 to 0. This game is far more difficult than Chess as it requires more than merely creating lists of patterns to beat. It requires strategy. Our computer has accomplished the same but in forecasting. Our list of […]

We saw a mixed session in Asia with good performances by the Nikkei (+2.7%) and the Hang Seng (+1%) but had Shanghai spoil the party with a -0.5% decline. That performance was actually rather good as we had seen the Shanghai Index down over -4% intraday. In Europe all Indices opened lower but spent the […]

It was all too weary early this morning with Asian markets collapsing as oil prices hit session lows of $29.25 (WTI) and the Shanghai Index closed down 6.4%. News intraday that the PBOC had conducted its biggest daily open market operation in three years (360bn yuan) still could not turn the mood. The majority of […]