Currency Update: Be Wary of US Dollar Rally Against Japanese Yen

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Persistent US Dollar weakness has been commonly accepted. So, with last week’s bullish reversal in the USD/JPY (Dollar vs Yen forex pair) followed by today’s continuation pattern and new 1-month high, this post is more than a justifiable pause for the cause. Is this breakout legitimate? As the major trend still remains bearish, I am inclined […]

Weekly Capital Markets Technical Analysis Summary: June-2-2017

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Stocks: US Equity indexes continued to make new highs, with exception of the Transports which are attempting a key bullish reversal after a recent price correction. Russell-2000 small caps also failed to achieve a new high and may be encountering some resistance. Lately, the real standout has been the interest rate sensitive Utilities index, which cleared […]

View From the Hill: Trump-Fed Market Momentum Will Eventually Wane

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By J Clinton Hill, Capital Markets Strategist @ Hillbent.com ETF Market Commentary The bullish momentum in the US Dollar (UUP) and Russell-2000 Small-Caps (IWM) continues, while investors rush for the exits on longer-term Treasury bonds (TLT). The first group is overbought and the latter is clearly oversold. The stock market’s irrational exuberance with the results […]

View From the Hill: US Stock Market Momentum Positive Despite Yellen Testimony

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By J Clinton Hill, Capital Markets Strategist @ Hillbent.com ETF Market Commentary In prepared testimony before the JEC (Joint Economic Committee) of Congress, Fed Chair Yellen confirmed a bias towards tightening monetary policy at the central bank’s upcoming December meeting. She also indicated her intention to serve until the expiration of her term in 2018, thus giving […]

ETF Market View: Market Continues to Trend Upward On Trump’s Policy Proposals

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By J Clinton Hill, Capital Markets Strategist @ Hillbent.com ETF Market Commentary Today’s economic backdrop of a stronger than expected Retail Sales report in October-2016 gives a data dependent Fed more justification to raise rates. This sentiment is currently being expressed by the Fed Futures contract which assigns a 91% chance of such occurring. In spite […]

ETF Market View: Typical Was Not the Case…

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By J Clinton Hill, Capital Markets Strategist @ Hillbent.com ETF Market Commentary Being void of any significant economic data, today’s performances were mixed at best. Typically, small-caps tend to be first in the line of fire when market fatigue appears.  Such was not the case on Monday as the Russell 2000 (IWM) easily outperformed major […]

View From the Hill: Positive Economic Data and Gains Misleading As Volume Says Otherwise

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Market Commentary: August-3-2016 Some positive economic data releases gave bears a chance to pause. Starting with Germany, which is the EU’s locomotive engine for growth, it reported robust PMI readings @ 55.3 for Composite levels and 54.4 for Services. Signs of expansion and ongoing strength were also apparent in the EU region overall based upon […]

View From the Hill: With 2nd Quarter GDP, Markets Shrug Off and Dollar Sells Off

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Market Commentary: July-29-2016 As if the BOJ’s decision keep interest rates and government bond purchases unchanged while increasing its ETF investments to ¥6 trillion from ¥3.3 trillion  was not enough, the unexpectedly weak GDP report out of the US was more than the markets could handle (2Q-2016 GDP was reported @ 1.2% vs. estimates @ […]