The cautious trend continued in Asia this morning, despite the late rally in US markets on Friday. The news over the weekend was pessimistic in China (Car Sales release) and the Bavarian election result, but optimistic in the BREXIT negotiations at least; – well, until the markets opened! Shanghai hit levels not seen in four […]

Jeff Bezos of Amazon loses about $80 million for every dollar the stock goes down.  No billionaire was hit as hard by the drop this week in the share market than Jeff Bezos. During the Wednesday selloff alone, the Amazon founder and CEO lost more than $9 billion. This is how they measure people’s worth by the value […]

COMMENT: The view of John McCain from outside the United States is completely opposite of how the American press portrays him. I even heard like Hillary, he too had a foundation that people had to donate to for him to sponsor certain bills. HJ REPLY: Oh yes, there is no question that the press outside […]

QUESTION: Mr. Armstrong; Your Global Market Watch picked the high in the S&P as September and called for a waterfall on the monthly level. That was amazing. Yet, with the stock market crash, gold could not even rally above the previous week’s high. If the bonds look like death warmed over, equities crash, then surely gold […]

As you would have anticipated, the decline in Asia was as brutal as expected. Not everyday you see an 800+ fall in the DOW and so Asia followed through with its interpretation. All core opened lower and it went worse from there. Shanghai was the standout closing 5.22% down on the day. Talk that the […]

QUESTION: Hi Martin, I just read your blog on the new NAFTA. One important point that you missed is the control the new agreement gives to the US over Canada in it’s trade deals it makes with other countries, (China being the target) The US gets to review all deals before they are signed and give […]

The draconian fear of rising rates being bad for stocks, was flushed through into Asia this morning with all core markets trading heavy. The Nikkei lost nearly 1%, having opened lower it could not find a confident bounce throughout the day. The Yen is treading water around the 114 figure level, but looks to be […]

The FED was blamed for stopping yesterdays US rally in equities and has had a similar effect in Asia. Jerome Powell commented that they are a long way from neutral and that hit the long end of the Treasury curve. The ADP was probably enough to indicate economic strength, but then Jerome Powell light the […]

QUESTION: As an avid reader of your daily BLOG, I’m well aware of the attempt to abolish cash, potential freezing of bank accounts, years of negative or near zero interest rates and “helicopter money” from the government are all likely scenarios in the near to distant future. Without compromising any of your business or proprietary agreements, […]

The Nikkei retreated from its recent highs in cash terms, but is late this evening retaking those losses. The concerns surround the auto and petrochemical industries, but the poor auto sales number certainly did not help key stocks today as Honda dropped 4.3% and Mitsubishi Motors down 3.4%, while Showa Denko fell 5.2%. However, many […]