With Currency Currents, you can stay tuned-in to our current global-macro view and our analysis of key investment themes driving currency prices.
We consistently focus on the key asset classes responsible for the flow of global capital -- including equities, fixed income, commodities and, of course, currencies.
Nothing is off limits to us in this free-wheeling look at the markets. Some days you’ll receive ramblings on trading psychology, while other days we may take an academic approach in explaining esoteric economic issues. Ultimately we have one goal in mind: to help you get a handle on the key investment themes driving global capital flow. Because if you know where the money is going, it increases the probability that your position in the market will be a profitable one.
Jack Crooks is Black Swan Capital LLC, President and Chief Trading Officer.
Jack is founder and president of Black Swan Capital LLC. He has also operated a discretionary money management firm specializing in global stock, bond, and currency asset management for retail clients. In addition, he was general partner in a firm specializing in currency futures and commodities trading. Neither firm is now in operation.
Prior to entering the investment arena, Jack worked in various corporate finance positions. He has written extensively on the subject of global currencies and international economics.
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It's a sad week for the usual demagogues in the US congress (sorry for the redundancy), as global oil companies are reporting lousy earnings.… More…
This week in Currency Currents we've discussed some details surrounding China and their ultimate influence on the global economy and investor sentiment. For good reason, everyone seems to pay close attention to China - they're an economic leader. … More…
I noticed the Chinese stock market fell 5% last night--at least that's what's been reported by Bloomberg and others; I actually didn't notice it really. … More…
Global rebalancing is happening, like it or not. The question is: how will the global economy react when China becomes unhinged? That's exactly what Jeremy Grantham is calling for; and he expects it could really take market players by surprise. … More…
Emerging markets continue to fly. Many for good reason I suspect. The iShares MSCI Emerging Stock Index has rebounded 50% from its low back in November last year. … More…
As Jack mentioned on Tuesday, we're in Vancouver speaking at an investment conference. A popular question here, as the case with most conferences and seminars we attend, is:… More…
Do stocks and currencies lead commodities? We think stocks are the best discounting mechanism we have. We think sooner or later the fundamentals of supply and demand are factored into prices. … More…
There's one important chart I wanted to show you today. I'll get to that in a minute. News wise, though, there's nothing too exciting to talk about this morning; prices are little changed from where they finished yesterday ... and the day before that. … More…
If we have learned one thing over the many years following markets it is this: If you are paying attention, there are always many more questions than answers. And if you are highly confident about future price action, you have either never traded real money or you haven't a clue. … More…
Given that Australia has effectively become a satellite country of China--a country we are told is "booming" with growth--does the news item from Bloomberg this morning strike anyone else as a bit odd?… More…
Can we really reconcile the expectations flooding the market this week with key fundamental data we've got our hands on? I sure can't. Can you?… More…
We do our best to build alternative plausible scenarios that are in competition to our current trading positions; we say our best because we know by virtue of taking a position, the bias already exists. … More…
First-quarter earnings season, characterized by low-ball estimates and less-bad-than-expected results, helped drive a sharp rally in stock markets and risk appetite.… More…
If you've followed the newsletter crowd much at all, many love to talk about the dollar, but few really risk their well-being trying to make money for real people trading it (it's a beautiful thing being a guru with impunity). … More…
China is dead in the water without exports. They are in panic mode. That is why they are flooding their economy with massive amounts of capital and suppressing any hint of decent everywhere. … More…
It's Thursday, the currencies are retracing again so we figured what better time than now to throw together some random thoughts on the markets, news and whatever else. Enjoy!… More…
Above is the yield curve. Notice how far rates in the low-end (left side) of the curve have fallen. This is good for banks but likely bad for us who want to borrow and not too good for those who depend on deposits for income. … More…
Climate change -- it's taken on a meaning beyond the literal. It is "global warming" ... it is carbon emissions ... it is saving the planet ... it is ridiculous. … More…
The BRIC countries which include Brazil, Russia, India, and China are talked about as if they are some monolithic grouping that will carry the world out of the great depression we seem to be now mired. … More…
By the looks of it, traders might actually be respecting the holiday commemorating US Independence. The dollar is positive on the day so far.… More…
A key day reversal is defined by Stockcharts.com as "a one day chart pattern where prices sharply reverse during a trend. In an uptrend, prices open in new highs and then close below the previous day's closing price.… More…
