Article Category: Dollar

Take That, China

Sigma Point Capital Logo

In last week’s commentary I mentioned that the Treasury does a biannual review on the currency practices of foreign governments. In five such reviews under the Trump administration, the Treasury department has declined to label China as a currency manipulator. That all changed yesterday.


Read more  

Posted in: China Dollar Gold PMI Data Trade Yield Curve

Restating the Case for a Rangebound Market

Sigma Point Capital Logo

Most investors, including myself, generally sit squarely within one of two camps: bullish or bearish. My research and observations over the years have left me with a rather simple premise on which to base this judgement. When the economy is expanding, remain firmly bullish, and when growth begins to slow and recession clouds gather, get bearish.


Read more  

Posted in: Dollar Earnings Economy Federal Reserve Interest Rates Market Breadth Yield Curve

The Best Place to Hide

Sigma Point Capital Logo

I want to begin today with a look at ACWI - the All-Country World Index ETF, which you can see in the top panel below. This ETF tracks the MSCI benchmark and provides exposure to large and mid-cap companies across 23 developed markets and 24 emerging markets. Approximately 85% of investable global equities are included in this index.


Read more  

Posted in: Asset Allocation Dollar Dow Theory Global Growth PMI Data Primary Trend

Market-Based Stabilizers Kicking In

Sigma Point Capital Logo

Anyone who’s ever taken a cruise before knows that the seas, though often calm, can quickly turn treacherous. Those like myself who are prone to bouts of seasickness therefore appreciate the inclusion of stabilizers on each side of a ship’s hull.

These stabilizers (see image below) act like flaps on an airplane, deflecting water as needed to minimize the rocking and rolling motion of the vessel. The end result is a steadier voyage, with fewer passengers needing to unload the contents of their stomach orally.


Read more  

Posted in: Dollar Interest Rates PMI Data Yield Curve

Back to top