Wall Street to the Rescue?

Posted on by The INO.com Team

By Gary Tanashian

The story goes that our friends on Wall Street wink winked and nudge nudged with Alan Greenspan to cook up a massive bubble in credit and derived vehicles that eventually became malignant and spread toxic finance throughout the world.  That is not a pretty picture.

Fast forward to summer, 2012 and we find Wall Street strategists wildly bullish on T bonds (in opposition to the Federal Reserve's desire to buy them) and seemingly standing in way of the great and powerful Fed's Twist operation.  Are the Wall Street banks doing the public a service by showing the way to safety or are they simply holding up T bonds for the ransom of even higher prices than those denoted by today's record low interest rates? Continue reading "Wall Street to the Rescue?" →

Storms in the Cloud

Posted on by The INO.com Team

After a dose of irrational exuberance based on the Euro rescue, the US equity markets finally took a breather this week closing marginally down, but still in a bullish market phase. One concern is the number of distribution days over the past few weeks, even as the market has bounced nicely. Continue reading "Storms in the Cloud" →

Chart of the Week - Gold

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

As we begin another week of trading in Gold Futures, traders are wondering if the hangover from Fridays disappointing jobs number (third month in a row where the US economy produced fewer than 100,000 jobs) will continue to pressure precious metals. So far the August futures held Fridays low, but are yet to provide a convincing rebound before the open in New York. Traders are also focused on any news from today’s Eurozone Finance Ministers meeting in Brussels, but are not expecting any major revelations. Throughout this week, Gold traders will also be paying close attention to the start of earnings season in the United States as the FED is still undecided on whether to inject another round of easing at the next FOMC meeting. Continue reading "Chart of the Week - Gold" →

Daily Video Update: Is Global Gloom Setting In?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 9th of July.

This could be the start of a very interesting week, both in equities and in commodity prices. Earnings will be coming out this week on some major stocks and we will be on the lookout for more news from Europe. It would seem the global rate cuts last week did nada for the the markets so far.

TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500 Continue reading "Daily Video Update: Is Global Gloom Setting In?" →

How Is Dr. Copper Feeling?

Posted on by The INO.com Team

By Louis James and Andrey Dashkov, Casey Research

Copper is sometimes referred to as "Dr. Copper," because the metal is used in so many industrial applications and is essential for many different sectors of the economy, from infrastructure to housing to consumer electronics. That usually makes its price action a good indicator of the state of the global economy.

The chart below illustrates the degree to which copper follows economic health – as opposed to gold, which is a traditionally a contra-cyclical commodity. Have a look. Continue reading "How Is Dr. Copper Feeling?" →