Are we all ready for the "Year of the Monkey?" It has been interesting! We see some trading opportunities but remember to just visit the trade and not marry it!
Americans feel financially strained due to stagnant wages and rising costs of living over the past 40 years. While automation has eliminated some jobs, a larger issue is a skills gap as the culture pushes more people into white-collar jobs instead of trades with strong demand. Technology will likely continue disrupting jobs but widespread social problems from unemployment are decades away.
Surprise! Freight rail traffic is down 16.1% for the month of April. In case you believe that this
is a fluke number, it is not. The freight rail traffic has been down every month since November.
Okay so not everything was down, vehicle part were up as well as coke and chemicals.
Petroleum products were down 25.1% and even grain mill products, grains, and pulp and paper
were down. Coal, is a disaster, down big every month.
This shortened week has been very exciting for the bulls with three of the four days bragging of robust rallies. Even the retreat in the shortened Christmas Eve session was positive for the market insomuch as not much ground was lost.
- The document is a weekly market summary and outlook letter from an options trading advisory service.
- It provides analysis of recent price action and technical indicators for S&P 500, Nasdaq 100, Russell 2000, US Dollar, crude oil, and gold markets.
- The letter expects markets to see increased volatility over the coming week due to the Brexit vote on Thursday, with reactions on both Thursday and Friday depending on the outcome.
Get your popcorn here for the big debate on television tomorrow. The market is not doing much, maybe the debating wizards will give it a reason to move, one way or the other.
Americans feel financially strained due to stagnant wages and rising costs of living over the past 40 years. While automation has eliminated some jobs, a larger issue is a skills gap as the culture pushes more people into white-collar jobs instead of trades with strong demand. Technology will likely continue disrupting jobs but widespread social problems from unemployment are decades away.
Surprise! Freight rail traffic is down 16.1% for the month of April. In case you believe that this
is a fluke number, it is not. The freight rail traffic has been down every month since November.
Okay so not everything was down, vehicle part were up as well as coke and chemicals.
Petroleum products were down 25.1% and even grain mill products, grains, and pulp and paper
were down. Coal, is a disaster, down big every month.
This shortened week has been very exciting for the bulls with three of the four days bragging of robust rallies. Even the retreat in the shortened Christmas Eve session was positive for the market insomuch as not much ground was lost.
- The document is a weekly market summary and outlook letter from an options trading advisory service.
- It provides analysis of recent price action and technical indicators for S&P 500, Nasdaq 100, Russell 2000, US Dollar, crude oil, and gold markets.
- The letter expects markets to see increased volatility over the coming week due to the Brexit vote on Thursday, with reactions on both Thursday and Friday depending on the outcome.
Get your popcorn here for the big debate on television tomorrow. The market is not doing much, maybe the debating wizards will give it a reason to move, one way or the other.
Mr Market wants to go higher but it needs to settle back and absorb some of its recent gains. Crude oil and gold look awful, while the US Dollar Index is on its way to a "moon shot."
- Social Security payments will increase by $2 per $1,000 next year, but Medicare part B costs will increase by $27.20, leaving seniors with less money. The cost of living increase does not cover the rise in Medicare costs.
- A French colleague expressed concerns about "scary" conditions in France like a large influx of immigrants and poor economic prospects, reflecting growing populism in Europe over issues like immigration and jobs. These populist sentiments have also fueled movements like Brexit and Donald Trump's campaign.
- In the Friday session following the Brexit vote, the S&P 500 fell 1.9% and closed below a support level, while the Nasdaq fell 2% and came close
If the market opens up soft, watch out for margin calls in the futures and margin clerks selling out positions. Equities, you have a three-day settlement so, you calls may go out in the morning but you will have time to pray for a rally.
he world is changing and we have to learn to adjust to new technologies. The markets have been viewed as volatile.....where were you during the highly volatile tech rally at the turn of the century. Let us remind you that during those years,trading haults were triggered frequently. Today, we have nothing like that to deal with. Hummm guess volatile is a relative term.
The document provides commentary on various financial markets and economic indicators. It discusses:
1. Employer tactics like making all employees part-time or using automation to avoid paying $15 minimum wage and benefits.
2. The impact of a strong US dollar on multinational company earnings and exports. The dollar is at a support level and could impact future earnings if it gains strength.
3. Commentary on movements in the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, and gold. Technical indicators are discussed for each market.
This document provides commentary and analysis on various financial markets and indexes from July 31, 2016. It includes quotes from The Wonderful Wizard of Oz relevant to the upcoming US presidential election. Market summaries are given for the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, gold, and currencies like the British Pound in the context of Brexit. Charts and technical indicators are referenced to describe recent trends and levels of support and resistance. Potential risks for traders are also noted.
The document provides an analysis and outlook for various financial markets including stocks, crude oil, gold, and the US Dollar index based on technical indicators. It notes bullish patterns forming in the S&P 500 and NASDAQ indexes and predicts potential short-term rallies. It also comments on recent moves higher in crude oil prices which it attributes partly to US dollar weakness. The analysis finds gold and the US dollar in sideways trading ranges for the near future. It closes with standard risk disclosure language.
“Sell in May and go away!” Well maybe, our suggestion is to use trailing stops or hard stops on your positions. We suggest that approach because the truth is that we do not know when the correction or plunge will occur, we only know that it will occur. Remember bull markets can last longer that you might ever have believed. The US market is a bit long in the tooth as a bull market and lasting advances might be harder to achieve thus we advise caution. We are not telling you to sell just to make sure that any long positions have stops in place. The rally that began in March of 2009 has proceeded higher with nothing more than a couple of hiccups along the way. The rally has been strong and predictable. The longer a trend lasts the stronger the reversal will be so with that in mind, don’t try to predict the end of the bull just keep your protection in place.
- The S&P 500 hit a resistance level twice last week according to a horizontal line drawn based on past behavior, but volume is declining in the recent four-day rally, which is typical of the wishy-washy market.
- Earnings season has had some positive and negative surprises, and mergers are beginning to appear as companies take advantage of cheap borrowing costs.
- Most indexes gained on Friday but volume was low on some new highs, a sign the market may need rest before further gains, though indicators still point higher overall. Gold and oil retreated as the dollar rallied.
Although the Chinese markets, Saudi turmoil and North Korean nuclear test have been given credit for last week's market retreat, there are other factors that are being ignored. We have been warning that a strong US Dollar will have a deflationary effect on the US economy and somewhat negative effects on the middle income earners, companies that depend on exports and corporations that need to borrow money.
The document provides an overview and analysis of various financial markets including stocks, commodities, currencies, and precious metals from March 15, 2015. It notes recent declines in stocks while small-cap stocks and the Russell 2000 have remained stronger. Commodities like oil declined further while gold and currencies like the US dollar increased. Overall the markets seem overextended on the upside or downside depending on the asset, and volatility is expected around upcoming futures and options expirations.
This past week the US markets rallied in the Monday session, retreated in the Tuesday and Wednesday sessions, rallied in Thursday session and then on Friday the "Jobs Report" was release in the morning and the market gave back all the weeks gains on Good Friday. What is going to happen on Monday? How will this effect the US Dollar, crude oil and gold?
- The ECB has begun quantitative easing which will depress the euro relative to the US dollar. This will make US exports more expensive abroad while increasing imports to the US. It could lead to layoffs in US industries like oil as demand declines for domestic goods.
- The authors believe the FOMC will not raise rates this year due to a weak economy and job growth. Higher rates could appreciate the dollar further and negatively impact US exports and multinational corporate earnings.
- Most stock indices declined slightly on Friday but indicators are pointing lower. Crude oil continued declining on oversupply concerns while the strong dollar pushed gold lower intraday. The US dollar index reached new highs not seen since 2003.
We are entering a very strange economic condition where most of the central banks in the globe,
except the US of course, are making extreme efforts to deflate their currencies and increase
liquidity in their markets by printing money
Mr Market wants to go higher but it needs to settle back and absorb some of its recent gains. Crude oil and gold look awful, while the US Dollar Index is on its way to a "moon shot."
- Social Security payments will increase by $2 per $1,000 next year, but Medicare part B costs will increase by $27.20, leaving seniors with less money. The cost of living increase does not cover the rise in Medicare costs.
- A French colleague expressed concerns about "scary" conditions in France like a large influx of immigrants and poor economic prospects, reflecting growing populism in Europe over issues like immigration and jobs. These populist sentiments have also fueled movements like Brexit and Donald Trump's campaign.
- In the Friday session following the Brexit vote, the S&P 500 fell 1.9% and closed below a support level, while the Nasdaq fell 2% and came close
If the market opens up soft, watch out for margin calls in the futures and margin clerks selling out positions. Equities, you have a three-day settlement so, you calls may go out in the morning but you will have time to pray for a rally.
he world is changing and we have to learn to adjust to new technologies. The markets have been viewed as volatile.....where were you during the highly volatile tech rally at the turn of the century. Let us remind you that during those years,trading haults were triggered frequently. Today, we have nothing like that to deal with. Hummm guess volatile is a relative term.
The document provides commentary on various financial markets and economic indicators. It discusses:
1. Employer tactics like making all employees part-time or using automation to avoid paying $15 minimum wage and benefits.
2. The impact of a strong US dollar on multinational company earnings and exports. The dollar is at a support level and could impact future earnings if it gains strength.
3. Commentary on movements in the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, and gold. Technical indicators are discussed for each market.
This document provides commentary and analysis on various financial markets and indexes from July 31, 2016. It includes quotes from The Wonderful Wizard of Oz relevant to the upcoming US presidential election. Market summaries are given for the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, gold, and currencies like the British Pound in the context of Brexit. Charts and technical indicators are referenced to describe recent trends and levels of support and resistance. Potential risks for traders are also noted.
The document provides an analysis and outlook for various financial markets including stocks, crude oil, gold, and the US Dollar index based on technical indicators. It notes bullish patterns forming in the S&P 500 and NASDAQ indexes and predicts potential short-term rallies. It also comments on recent moves higher in crude oil prices which it attributes partly to US dollar weakness. The analysis finds gold and the US dollar in sideways trading ranges for the near future. It closes with standard risk disclosure language.
“Sell in May and go away!” Well maybe, our suggestion is to use trailing stops or hard stops on your positions. We suggest that approach because the truth is that we do not know when the correction or plunge will occur, we only know that it will occur. Remember bull markets can last longer that you might ever have believed. The US market is a bit long in the tooth as a bull market and lasting advances might be harder to achieve thus we advise caution. We are not telling you to sell just to make sure that any long positions have stops in place. The rally that began in March of 2009 has proceeded higher with nothing more than a couple of hiccups along the way. The rally has been strong and predictable. The longer a trend lasts the stronger the reversal will be so with that in mind, don’t try to predict the end of the bull just keep your protection in place.
- The S&P 500 hit a resistance level twice last week according to a horizontal line drawn based on past behavior, but volume is declining in the recent four-day rally, which is typical of the wishy-washy market.
- Earnings season has had some positive and negative surprises, and mergers are beginning to appear as companies take advantage of cheap borrowing costs.
- Most indexes gained on Friday but volume was low on some new highs, a sign the market may need rest before further gains, though indicators still point higher overall. Gold and oil retreated as the dollar rallied.
Although the Chinese markets, Saudi turmoil and North Korean nuclear test have been given credit for last week's market retreat, there are other factors that are being ignored. We have been warning that a strong US Dollar will have a deflationary effect on the US economy and somewhat negative effects on the middle income earners, companies that depend on exports and corporations that need to borrow money.
The document provides an overview and analysis of various financial markets including stocks, commodities, currencies, and precious metals from March 15, 2015. It notes recent declines in stocks while small-cap stocks and the Russell 2000 have remained stronger. Commodities like oil declined further while gold and currencies like the US dollar increased. Overall the markets seem overextended on the upside or downside depending on the asset, and volatility is expected around upcoming futures and options expirations.
This past week the US markets rallied in the Monday session, retreated in the Tuesday and Wednesday sessions, rallied in Thursday session and then on Friday the "Jobs Report" was release in the morning and the market gave back all the weeks gains on Good Friday. What is going to happen on Monday? How will this effect the US Dollar, crude oil and gold?
- The ECB has begun quantitative easing which will depress the euro relative to the US dollar. This will make US exports more expensive abroad while increasing imports to the US. It could lead to layoffs in US industries like oil as demand declines for domestic goods.
- The authors believe the FOMC will not raise rates this year due to a weak economy and job growth. Higher rates could appreciate the dollar further and negatively impact US exports and multinational corporate earnings.
- Most stock indices declined slightly on Friday but indicators are pointing lower. Crude oil continued declining on oversupply concerns while the strong dollar pushed gold lower intraday. The US dollar index reached new highs not seen since 2003.
We are entering a very strange economic condition where most of the central banks in the globe,
except the US of course, are making extreme efforts to deflate their currencies and increase
liquidity in their markets by printing money
The sentiment levels show that there are lots of bulls waiting for a correction and lots of bulls
still out there. Meanwhile the bears have dwindled to a few scared animals. This week we have
the Scottish vote for independence on Thursday. While it really doesn’t impact the US markets
it will have a huge effect on the UK banks and debt market. After all if Scotland can declare
independence why not other locals such as areas of Spain and Italy….Catalonia anybody?
Lots of strange things happening this past week. Did the market turn the corner or was this just a one-day-wonder bounce. The US Dollar and crude oil have disconnect, well for now. Read more to solve these mysteries.
Option Queen Newsletter July 20, 2014 with chartsScutify
- Old vintage clothing and selling homes as a "for sale by owner" are ways for people to make extra cash when money gets tight. Listing a home as FSBO can save the 6% realtor commission, and MLS services allow FSBO listings for about $295. Basic photography for online listings costs $100-350.
- The stock markets were up last week despite global chaos, as the conflicts have not impacted the US economy. Interest rates remain low, benefiting the stock market, though rates will likely rise eventually.
- Most market indexes rallied or traded range-bound last week. Indicators show mixed signals across indexes, with some pointing higher and others lower or neutral. The document analy
We are getting fairly close to a short-term top. There are too many analysts looking for a correction. Stay long keep your stops tight and if elected keep the proceeds in cash.
This is a short week for the US markets. Thursday is Thanksgiving and Friday, well you are supposed to shop until you drop so the US markets close early to help you achieve that goal. Gold anybody? Russia has been acquiring lots of gold. Are they really that smart or is this in their grand plan? Swiss are voting on repatriating their gold and pegging it to their currency.
Gold is the rally for real? Crude oil how low can it go? The S&P 500 looks like a roller coaster ride. What to do next? Get one professional's opinion!
The document provides an overview and analysis of recent market movements in response to the Swiss National Bank allowing the Swiss franc to float freely. It discusses the rally in the franc and fallout for some firms. It also analyzes price movements and indicators for the S&P 500, NASDAQ 100, Russell 2000, crude oil, gold, and US Dollar Index from the prior week. Recommendations are given to remain alert and watch for effects of Swiss franc funds moving into US and European markets.
The document provides a weekly market summary and outlook for various indexes and commodities. It notes that the S&P 500 and NASDAQ 100 ended the week lower after reaching new highs earlier. The Russell 2000 and crude oil performed poorly, with indicators pointing lower. Gold also looks weak with support at $1182. The US dollar index remains strong with indicators pointing higher still. In closing, the author advises caution given mixed signals in markets and recommends tight stops if positions are held.
- The document discusses the impact of lower oil prices on consumer spending and the US economy, noting that lower gas prices act as a tax break that will likely boost consumer spending, especially during the holiday season.
- It also discusses recent gains in the S&P 500 and NASDAQ indexes, noting that indicators are overbought but the upward trend may continue. Volume has been average.
- Gold prices are discussed as well, noting the chart looks "truly awful" and further declines are possible based on technical indicators.
Looks like Santa has left crude oil a lump of coal. The markets are deep into tax selling season here in the USA. The S&P 500 with 9% oil declined in Friday session.
The market continues is trek higher even with, a not so stellar, “jobs report.” There is too much sideline money waiting for a pull backs to jump on board, therefore any retreat will likely be
shallow. One of these days, the bounce will die like a beach ball that has been deflated. Until that time, up up and away we go. The S&P 500 looks as though it is forming a rounding top which could either launch a retreat or become a spring board for the next assault to the upper stratosphere. So far, we have been correct in keeping our stops tight and behaving defensively. The world is chaotic with hot spots all over. There will come a time when one of these hot spots will become an erupting volcano. The good news is that here in the USA we are not involved on our own soil.
The document discusses recent changes by the SEC that will allow money market funds to let their share prices float below $1 and to block withdrawals during times of crisis. It also summarizes market performance for stocks, gold, oil and the US dollar for the week. The S&P 500, Nasdaq and Russell 2000 fell while gold rose. Crude oil closed near recent levels and the US dollar index strengthened significantly.
With the market gyrating like they were dangling from a bungee rope, now might be a good time to get serious about reviewing your charts. Today's letter is loaded with charts along with opinions.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
13 Jun 24 ILC Retirement Income Summit - slides.pptx
February 14 2016.docx with charts
1. Option Queen Letter
By the Option Royals
Jeanette Young, CFP®
, CMT, M.S. and Jordan Young, CMT
4305 Pointe Gate Drive
Livingston, New Jersey 07039
www.OptnQueen.com
optnqueen@aol.com
February 14, 2016
Happy Valentine’s Day! Today's headline “Trump, Sanders are they killing the market?”
Seriously... on the front page of Barron’s magazine? Let's get real people... No, they are not
killing the markets. What we are witnessing right now are the effects of intermarket
relationships at play. A strong US Dollar is a great thing during a time of extreme inflation but,
during a weak economy it can be rather dangerous. A combination of inflated prices for products
produced at home together with suppressed wage growth creates demand for cheaper imported
products while placing a recovery in jeopardy by creating deflation pressures (by the way that is
why a strong US Dollar is important to combat inflation).
In short, today's strong US dollar hurts US exporters and US producers that are competing with
cheaper imports. Further, cheap oil has virtually shut down US production of oil and has hurt the
Canadian economy as well. The transportation index blossomed with petroleum transports but
when cheap oil impacted the oil fields and rig shut-downs began, the transportation index
retreated. Why, because the prior increase in traffic was attributable to the rail transportation of
petroleum and related products. In many ways, Trump and Sanders are a byproduct of this
environment rather than the cause. Trump and Sanders represent many things. They reflect a
growth in populist movements on both sides of the isle, perhaps signaling that a shrinking middle
class has finally had enough. Perhaps, more than anything, they are the products of social media
and constant buzz word news. In a day when single words rule the headlines and news is old
seconds after it has been released, these two marketers have been able to reach the masses in a
way like never before, gaining fuel through the masses, something feared by many of our
founding fathers. Most of all, these candidates are a sign that Americans are sick and tired of a
do-nothing government that is run by people constantly seeking re-elections, pandering to those
receiving entitlements…including themselves.
Our economy cannot continue on its current path and that is what the market is broadcasting loud
and clear. Although this country is in awful financial condition, we are the best of the worst and
until another country emerges as better, you had better keep you bucks here!
As to negative interest rates; not a bad idea if and only if, it relates to bank deposits at the Fed.
Why do we say that? Because that gimmick would force banks to lend money rather than to
2. keep it on deposit. The next question is; are banks going to take more risk on their loans? Our
opinion is that we doubt it.
The S&P 500 rallied 35.50 handles (points) in the Friday session. The question regarding this
relief rally is was it mere short-covering in front of a three-day weekend or was there something
more to that rally? We remain in a down trend. The down trending channel lines are 1884.25
and 1796.9722. The horizontal support line at 1804.25 did hold and the market which touched
that level, in the Thursday session, and rejected it as though it was a high tension wire. The
Thursday session had higher volume than did the Friday session. The next horizontal resistance
line is 1864.50. The Bollinger Bands have stopped contracting, but have not begun expanding as
yet. The indicators that we follow herein are sending us mixed signals with both the RSI and
stochastic indicator pointing higher and our own indicator is just going sideways with a sell-
signal inforce. The most frequently traded price, in the Friday session, was 1842. The highest
volume was seen at 1852. The daily 1% by 3-box point and figure chart has a new downside
target of 1530.57. The 60 minute 0.2% by 3-box point and figure chart has both a new downside
target of 1696.91 and a newer upside target of 1863.99 which is near the level achieved in the
Friday session. We are not out of the woods and are still in a downtrend. We maintained the
trading range from 1804 to 1940 and until the market deviates from that, we will suggest that
range trading with trailing stops, might be a trading idea. The first clue is a break above, on a
closing basis, of 1879 which is the downtrend line for the Monday session.
3.
4.
5. The NASDAQ 100 gained 54 handles (points) in the Friday session closing above the recently
violated horizontal line. We continue below the medium-term downtrend line and will likely
find resistance at 4106. This index did not perform as well as did the S&P 500. There is a down
trend line at 4148.74 and the downtrend line beneath the lows is 3854. 67. All the indicator that
we follow herein have now issued a buy-signal. The volume in the Friday session was not as
heavy as was seen in the turn-around Thursday session. The candlestick left in the Thursday
session was a doji, which indicated that a reversal was possible. The Market Profile chart left a
bimodal curve for the Friday session. The most frequently traded price was 3994.25 but the
highest volume was seen at 4004. The daily 1% by 3-box point and figure chart has a downside
target of 3196.2. The 60 minute 0.2% by 3-box point and figure chart has an upside target of
4103.86. We remain cautious on this index.
6.
7.
8.
9. The Russell 2000 rallied 17.30 handles (points) in the Friday session but remains below the
downtrend line. The Bollinger Bands are expanding and all of the indicators that we follow
herein are pointing higher with plenty of room to the upside. The down trending channel lines
are 990.08 and 932.98. The most frequently traded price was 968 and the highest volume was
seen at 969 where 16% of the day’s volume traded. Looking at the monthly chart clearly shows
the damage that was done to this index. The Russell 2000 seems to have been following the US
Dollar Index as the charts look very similar on the downside. Caution is warranted on trading
this high volatility index. We like it because we do get trades but the action in this index seems
to lurch forward and waterfall downward….be careful.
10.
11.
12.
13. The US Dollar index actually gained in the Friday session. All of the indicator that we follow
herein are pointing higher from near oversold levels. We continue in a downtrend. The
Bollinger Bands are extremely wide and could begin to contract. If you used the 5-period
exponential moving average as a guide in your trading, you would have been a happy trader until
the Friday session. It seems likely that this index will continue to bounce a bit higher. The most
frequently traded price was 95.70 and the highest volume was seen at 96.07 where 9% of the
day’s volume was seen. The Market Profile chart shows a bimodal curve for the trading day.
The daily 0.5% by 3-box point and figure chart clearly shows that this index is below the
downtrend line. The 60 minute 0.2% by 3-box point and figure chart has a downside target of
90.5132. This, of course would bode well for the US economy and its multinationals who have
been extremely hurt by the strong US Dollar. The market should acknowledge this and rally in
the face of a weaker US Dollar, that is, if they believe that this is more than a short-term trend.
14.
15.
16. Crude oil remains in a down trend even with the 2.81 rally seen in the Friday session. The down
trend line is at 32.499. The Bollinger Bands appear to be expanding ever so slightly. Both the
stochastic indicator and the RSI have issued a buy-signal. Our own indicator will issue a buy-
signal in the next session so long as the rally remains. As noted in the past, we see a stair-step
decline in crude. Can this change, yes, but it will take more than a day or three of rally to
17. convince a short to cover their positions. The most frequently traded price was 27.25, most of
which occurred in the overnight session. The highest volume was seen at 29.15. Was the rally
caused by the weakness in the US Dollar index or the chatter amongst OPEC members about
curtailing their production. We believe that the weakness in the US Dollar was the factor
attributable to this behavior. The 60 minute 0.9% by 3-box point and figure chart has a
downside target of 22.2. We do have an internal uptrend line but an awful lot of overhead supply
to worry about. The daily 1.5% by 3-box point and figure chart has a downside target of 24.56
and continues to look awful. Stay nimble and cautious on this market.
18.
19.
20. Gold retreated 8.8 in the Friday session as some profits were taken off the table. Both the
stochastic indicator and the RSI have issued a sell-signal. Our own indicator has issued a buy-
signal this is a clear divergence which should put you are guard and have you study this chart a
21. little more carefully. The price has bounded above the upper Bollinger Band which tells us that
either the overextended Bollinger Band extends more or the price will retreat back inside the
band. The gold vs. platinum spread has blown out to the upside. Gold is out performing
platinum. The 60 minute 0.25% by 3-box point and figure chart has achieved its upside target
and looks very positive. The daily 1% by 3-box point and figure chart looks positive but remains
below the downtrend line. Although gold has performed well, remember that it is a gauge of fear
and of currency instability. Tread carefully and keep your trailing stops in place.
22.
23.
24.
25. Risk
Trading futures, options on futures and retail off-exchange foreign currency transactions involves
substantial risk of loss and is not suitable for all investors.
Past performance is not necessarily indicative of future results.
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