Tuesday, January 17, 2017

China Leading?! D'uh

China seen leading on global issues at Davos

China is expected to champion global free trade, sustainable growth and the international rule of law at this year's World Economic Forum in Davos, says Lord Mark Malloch-Brown, former United Nations Deputy Secretary-General. Lord Mark Malloch-Brown, former United Nations Deputy Secretary-General. [Photo provided to chinadaily.com.cn] He was speaking shortly before the announcement that President Xi Jinping…

Globalization Versus Populism: The Fight Of The Century

Davos elite face cold reality of economic task

More than 2,500 political and business leaders are swarming into the small Alpine town of Davos, Switzerland - and it isn't for the skiing. They're looking for solutions. They will discuss how to push globalization at a time when it's challenged by rising populist and protectionist forces, which have been buoyed by the United States presidential…

Professionalizing Vice

The Businesses Taking Marijuana Products Mainstream

This article originally appeared on the International Business Times. Imagine a group of young professionals enjoying a dinner party. It’s time for dessert, and everyone moves from the dinner table to the living room. A digestif is served alongside a handful of luxury chocolates that have a slightly sweet taste and a low-dose of THC that…

Is This Because They Want To Do Something About It Or Because They Were Responsible For Creating It?

Davos elite bets on climate change

Men dressed as Chlaeuse, traditional figures that scare away evil spirits, carry round bells and cowbells as they walk on a snow-covered road in Urnaesch, Switzerland, on Friday. Arnd Wiegmann / Reuters For business leaders, it's a question about billions of dollars - maybe even trillions - in potential profits and losses Donald Trump has often…

Monday, January 16, 2017

Possible Breakout In Japan ETF (EWJ)

I think we may have had a breakout in Japan ETF EWJ today. The equity has been moving sideways for a while and seemed to be stuck in an ascending triangle (sort of). We haven't had confirmation yet with a second close above the line so tomorrow will be a critical day for us, but the ascending triangle pattern is a little weak and one I am not particularly hot about. What is important is that the American dollar is still weakening, a buy signal was put in seven sessions ago, and my long-term momentum indicator just crossed over bullishly. The one cautionary thing I have to say is that moving averages are getting pretty spread out, so some kind of mean-reversion will need to take place.

When Solar Is Officially Cheaper Than Coal, Not Sure This Is A Bright Idea

Wyoming is basically trying to outlaw clean energy

Solar and wind would be penalized under proposed law Wikimedia Wind turbines It’s often said that in New Zealand, there are more sheep than people. In Wyoming, there’s way more energy than people. The state, the least populous in the U.S., ranks second in overall energy production; first in coal production; fourth in natural gas; and…

Sunday, January 15, 2017

Energy Import And Export To Equalize By 2025

U.S. Energy Outlook: Growing Output, Growing Security

Sometime in the mid-2020s, U.S. energy officials project, two key lines measuring energy imports and exports will cross, and the United States will have achieved something quite special – the advent of an era in which America is a net energy exporter. That’s one of the big projections contained in the U.S. Energy Information Administration’s newly…

Saturday, January 14, 2017

Pot Continues To Be The Rising Star Of The American Economy

How The Marijuana Industry Is Taking Weed Mainstream In 2017

Imagine a group of young professionals enjoying a dinner party. It’s time for dessert and everyone moves from the dinner table to the living room. A digestif is served alongside a handful of luxury chocolates that have a slightly sweet taste and a low-dose of THC that kicks in within 15 minutes, just as the coffee…

China Continues Spread Around Pacific Rim

China's HNA Group purchases first foothold in New Zealand

WELLINGTON - One of the world's biggest asset finance and leasing companies, China-based HNA Group, has purchased its first foothold in New Zealand. ANZ Bank New Zealand Ltd, one of New Zealand's biggest commercial banks, said Wednesday that HNA had agreed to buy its asset finance business, UDC Finance, for NZ$660 million($461.47 million). ANZ New Zealand…

America's Least Wanted

Which Are America’s Most Hated Companies?

Financial news website 24/7 Wall St., which assesses customer service for U.S. citizens, compiled a list of the 12 most hated companies by customers, employees, and the general public. According to its findings, telecommunications conglomerate Comcast topped the list, followed by Bank of America, Mylan, McDonald's, Wells Fargo, Facebook, Sprint, DISH Network, Sears, Sprint, Walmart and…

Friday, January 13, 2017

I'm Suprised It Took Them This Long To Notice!

Traders, investors find DC's political idiocy hard to ignore

WASHINGTON, January 12, 2017 – Another short column today, as it's difficult in the current environment to come up with new investment ideas when the market itself seems to lack all conviction. The main issue that's causing stocks to back and fill this month is politics. Between Donald Trump's renewed attack on U.S. pharmaceutical companies earlier…

I Doubt That Anyone Anywhere Is Going To Buy This Or Even Cares

Trade with China helps 2.6m US jobs

Trade with China supports some 2.6 million jobs in the United States, including jobs that Chinese firm have created directly in the US, according to a report released on Tuesday by the US-China Business Council.…

The Demise Of Bitcoin By The Country Most Interested In Limiting A Free Currency

Bitcoin Prices Fall Following Possible Chinese Regulation

Bitcoin prices dropped more than 10 percent Wednesday following news that China plans to conduct spot investigations on the digital currency, according to a report from Reuters. The investigations of exchanges including OKCoin and Huobi are intended to check for violations like money laundering and market manipulation. No active violations have yet been reported, but the…

Thursday, January 12, 2017

Uncertainty Of Nigerian Oil Market Likely To Remain

Nigeria to Begin Tracking of Oil Production, Sales Destination

Nigeria will from this year begin to track the volume of its crude oil production from fields of production and loading bays, to sales destinations in a renewed effort to cut down on prevalent oil theft and loss of revenue, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. Speaking in a podcast…

Blockchain Continues To Spread

PSBC and IBM build up blockchain banking system

The technology reduces processing steps by as much as 80 percent The Postal Savings Bank of China Co Ltd announced on Tuesday that it has launched a blockchain-based system for its asset custody business. This is the Chinese banking sector's first application of blockchain technology to the core banking business system. Jointly created by PSBC and…

China Buying Everything In Europe That Isn't Nailed Down

Chinese investment in Europe reaches record high

Beijing (dpa) - Chinese outbound foreign direct investment (OFDI) soared to a record high in 2016 to reach nearly 200 billion dollars, a report said Wednesday. The European Union continues to be the favorite destination for Chinese investors, however imbalances are growing as Chinese investors spent four times as much on acquisitions in the EU last…

In Other News, Bullets Number One Cause Of Gun Deaths

Survey: Inequality, natural disasters seen as biggest global risks

Vienna (dpa) - Rising social inequality and mounting dangers from the environment are the major global risks to be watched in the coming decade, according to an international survey conducted ahead of next week's World Economic Forum in Davos. The forum organizers polled 750 business executives, scholars and government experts. Widening gaps in income and wealth…

Noose Starting To Tighten Around Bitcoin

Regulation of bitcoin trading to be stepped up

China's financial market regulators are seeking opinions about how to better regulate trading of bitcoin, the virtual currency. These steps may include setting up a depository platform, said sources with close knowledge…

Wednesday, January 11, 2017

I Don't Think It Matters What You Do At This Stage, China. It's Too Late.

China Lets Yuan Drop Before Uncertainties of Trump Era

The Chinese yuan fell against the dollar Monday, following losses Friday. The decline underlines the foreign exchange management challenges for Beijing, which is worried about U.S. President-elect Donald Trump's threat to declare China a currency manipulator. The slide came after the the People's Bank of China (PBOC), the central bank, reset the trading range lower to…

Emerging Markets (FXI, EWZ and EEM) Are On A Tear, And I Can't Quite Figure Out Why

I identified some buying opportunities in the Emerging Market's which have been on a ride lately with no sign of letting up. Brazil ETF EWZ was announced as a buy with the purple arrow some time ago with the short-term indicators, but the long term momentum indicators for Brazil just crossed over! I'd like to think I correctly identified a bull-flag that has resulted in this leap from a lower high back in November, but EWZ is now above the 144 day moving average.
China ETF FXI is not quite as well positioned on the long-term momentum indicators but did break out above an overhead resistance line and is making in-roads towards bullish territory.
Finally the Emerging Markets ETF EEM has been showing divergence on the shorter-term momentum indicator for two months now and is poised to make a crucial break above an overhead channel resistance line. Long-term indicators have already crossed over. A move above $36.40 would be a strong bullish signal.