Market Update – Weak in the Short Term

April 5, 2016 11:15 am / Published in China, Iceland, Panama
Panama Papers refer to a massive leak from a Panamanian law firm that shows significant financial wrong doings by the world’s richest, powerful, and famous.  Panama Papers show that many politically well connected people have been dodging taxes by hiding their wealth through Panamanian corporations.  In many cases, the wealth of the rich and famous

$JAPAN

April 1, 2016 12:23 am / Published in China, JAPAN
Reuters: Nikkei stumbles to 1-month low after BOJ survey chills mood Do not like the start of this Q2 ’16. Let’s see how Europe takes the selling pressure. News in China were positive however it got an Outlook Cut from S&P.

$PCE for February was released and $CHINA Property stocks

March 28, 2016 10:22 am / Published in China, Oil, PCE
Fed’s favorite inflation indicator is not CPI or PPI, it is Core PCE.  PCE stands for personal consumption expenditure.  PCI measures actual and imputed expenditures of households.  Core PCE excludes energy and food. This morning Core PCE for February was released, it came at 0.1% vs. 0.2% consensus. Personal Income came at 0.2% vs. 0.1%

$China Over-invoicing Makes China’s Trade Data Increasingly Hard To Believe

March 18, 2016 2:34 pm / Published in China
Special thanks to Thomson Reuters and Fathom Consulting Chinese trade data for the month of February were puzzling, with a sharp fall in the value of imports, but an even greater fall in exports. Trade data are volatile and the timing of China’s New Year celebrations can also make interpretation difficult. That said, the data

$China to negative by $Moody’s

March 2, 2016 9:21 am / Published in China
Moody’s downgrades China debt to negative.

World Markets Update $SPX

February 15, 2016 1:43 pm / Published in China, DAX, EIKON, Europe, Germany, Nasdaq, Nasdaq and NYSE, NYSE, SP500, Spain, SPX, STOXX
  Shares climb as firmer Chinese yuan eases deflation fears We have a shortened week this week due to President’s Day but it will be a busy week. We have Option Expiration this week which always makes things volatile. Economic reports will be light this week for the United States except for Wednesday. Wednesday has