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Bank of America writes about its China outlook for the year ahead and says: “We advise investors to stay vigilant, start defensive (high yield value) in early 2025, and add quality beta on major corrections and/or strong stimulus. If credit growth accelerates notably in 1Q25, China market could…

The price of Bitcoin fell below a swing area and 38.2% retracement between $92,092 and $92,442 and did the same thing on December 31. Both breaks failed. The inability to extend and stay below that level gave buyers a reason to buy technically. The price started to extend…

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US-listed China ETFs are struggling today, erasing earlier gains. There was some optimism on the report about Trump softening tariffs but the President-elect later denied that report and China is back in the doldrums. The MCHI ETF is now 2% lower and at the worst levels since late…

The EURUSD moved sharply higher earlier today helped by the Washington Post article on the Trump tariffs. The news was more dovish and less inflationary and the USD and yields moved lower. For the EURUSD the pair extended above the 100 hour MA (at 1.03403), 200 hour MA…

The week started strong for the oil market on global growth hopes after the WaPo report downplayed Trump’s tariff ambitions. But crude ran into sellers right at the $75.00 level and then Trump denied the report. That meant that $74.99 marked the high for the day for oil…

There has been a round trip in a number of risk assets on the Trump tariff story and the subsequent denial. Stock markets have largely held up but that could be changing as we enter the latter parts of the day. The S&P 500 is up 33 points…

Five years after COVID-19 sparked a global remote-work revolution, the pendulum seems to be swinging back. Some of the very companies that once embraced remote work, like Amazon and X (formerly Twitter) are now asking employees to return to the office. For many, this makes sense. These organizations…

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