from the Erik McCurdy, Prometheus Market Insight
On January 3, our computer models identified the likely formation of a short-term low in the stock market. The latest short-term cycle low (STCL) developed as predicted, but the initial rally phase of the new cycle has struggled to advance since the last week, suggesting that a short-term reversal has become more likely.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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One example of this is the movie 'Deep Water Horizon', which broke the record for the biggest set ever built, when they constructed an actual oil rig!
Infographic Of The Day: Movies That Struck Oil
One example of this is the movie "Deep Water Horizon", which broke the record for the biggest set ever built, when they constructed an actual oil rig!
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Written by Sig Silber
NOAA maintains the fiction that we have a La Nina and now forecasts two weeks of wet followed by two weeks of dry. This part of the forecast may indeed work out if the ridge forecast over the Western U.S. materializes. We should be having very interesting and highly changeable weather for the next 30 days at least. At this point, three storms are teed up to impact the West and Southwest within the next ten days. Then the pattern changes to a more dry pattern. The temperature changes may be even more rapid.
from The Conversation
-- this post authored by George Feiger, Aston University
Many people feel that the capitalist economic system delivers wealth to a few and somehow cheats the rest of opportunity. I agree: our market system is being looted by a small minority and the only real solutions call for courageous measures.
by Investing Daily, Investing Daily
--this post authored by Joe Duarte
Investing Daily Article of the Week
The stock market is in a bit of a pickle, as is maybe the entire world. As the Trump inauguration nears, the war of words between the president-elect and just about everyone else is heating up and the potential for higher volatility is increasing in the markets.
18Jan2017 Market Close: US Stock Markets Closed Mostly Higher, Crude Prices Slipping Further, US Dol
18Jan2017 Pre-Market Commentary: Wall Street Opening To Be Higher, But For How Long As The Trump Ral
Written by Steven Hansen
The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) stated "the economy continued to expand at a modest pace across most regions from late November through the end of the year". The previous report stated the economy expanded at "that the economy continued to expand across most regions from early October through mid-November".