Late-Day Buying Panic Saves Stocks From Worst Start To January In 84 Years
Santa Rally...?
An ugly day... just as we predicted
The bloodbath started in China, which was halted early on circuit breakers...
Europe was ugly...
Santa Rally...?
An ugly day... just as we predicted
The bloodbath started in China, which was halted early on circuit breakers...
Europe was ugly...
As we kick off the new year, there is perhaps no more tragic economic story than that of Brazil.
Once an EM darling, Latin America’s largest economy fell off the deep end in 2015 as a perfect storm of falling commodity prices, depressed demand from China, a soaring dollar, a devalued yuan, and an intractable political crisis plunged the country into what even the sellside has begun to acknowledge is an outright depression.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
There is an abundance of “Wall Street Axioms” surrounding the first month of the New Year as investors anxiously try and predict what is in store for the next twelve months. You are likely familiar with many of them from the “Superbowl Indicator” to “What Happens In The First 5-days Predicts The Month.”
Just two weeks ago we warned of the looming "hyperinflation monster" in Africa with the continent appearing to be running out of dollars as some of Africa’s largest economies, including Nigeria, Angola, Ethiopia and Mozambique, are restricting access to the greenback to protect dwindling reserves. Specifically we warned of Angola's already-soaring inflation hampering its ability to 'adjust' its currency towards its black market 'reality'.
Gold Bullion’s 2016 Upleg
Happy New Year. Thank you for all your support in 2015 and wishing you and yours a healthy, prosperous and happy 2016.
Adam Hamilton of Zeal Intelligence has looked at gold’s prospects in 2016 and he thinks the worst may be over for the yellow metal.