Economic Outlook

Some Reasons for Caution

Posted by The Trend Letter

on Tuesday, 1 December 2020 15:35

Our model gave a recent warning of a potential market top coming soon and we sent subscribers a strategy to protect their portfolio. Below we show a few charts that allow investors to see some reasons for concern here.

The first chart shows the daily purchase and sell transactions by corporate insiders – officers, directors, and holders of more than 10% of company shares. The SEC requires these shareholders to report purchases and sells within two days of a transaction. As we can see on the chart, during the massive sell-off…Click for full article.

Bitcoin price hits $19K as bulls show no fear of record futures gap

Posted by William Suberg

on Monday, 30 November 2020 6:51

Despite 15% gains coming during a weekend, Monday simply delivers more of the same upside for Bitcoin prior to the Wall Street opening.

Bitcoin (BTC) returned to $19,000 on Nov. 30 as a weekend surge continued to produce fresh gains for investors and hodlers.

BTC price up 18% against weekly lows

Data from Cointelegraph Markets and TradingView showed BTC/USD retaking another key psychological level during Monday trading.

The weekend had already produced major upside for the pair, which late last week dived to $16,300. By the start of Monday, $18,600 had appeared, with Bitcoin going on to deliver returns of at least 17% versus those lows.

As Cointelegraph reported, a giant $1,300 CME futures gap threatens to take the market lower, but buyers so far remain unfazed. At press time, highs above $19,200 were in progress with around half an hour to go before the start of trading on Wall Street…CLICK for complete article

How Society Implodes

on Sunday, 29 November 2020 13:17

“Close your eyes and imagine this scenario: A child is taught that his country is racist, imperialist, evil, bigoted. The same child is also taught that science is white supremacy and that we must decolonize knowledge.
He is also taught that capitalism is rape. He is also taught that “fixed binaries” defining biological sex is antiquated science. He is also taught that national borders are racist. He is also taught that meritocracy is white supremacy. He is also taught that my truth is more important than THE truth. And that’s only day 1 of kindergarten.”

Gad Saad, Concordia University

on Sunday, 29 November 2020 13:13

“The CBC’s attitude to economics journalism is the same as an adolescent’s attitude to household chores. They figure if they do it badly enough, they won’t be asked to do it again.”
– Stephen Gordon, Laval Economist

‘The Zoom Boom’: Asia Leads the World in Covid-19 Economic Recovery

Posted by universalpersonality.com

on Friday, 27 November 2020 12:50

Our friends over at Integrated Wealth Management sent over another article they thought you’d enjoy. ~Ed.
Our market outlook can be hampered by focusing on conditions “in our own backyard” which isn’t indicative of the big picture. Asia is leading the recovery right now. China is projected to grow nearly 2% this year , Vietnam 1.6%, Taiwan will be flat and South Korea to contract modestly compared to a 4.4% global contraction. So what we see as easing demand around us is being picked up elsewhere. ~Sandor Kiss, IWM

Click for article.