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All posts by Ralph

Ralph Carfagno Age 52 25 year veteran of the financial industry. Current President Pivotal Former CEO of PageOne Financial Inc. PageOne Financial Inc. is a RIA formerly headquartered in Halfmoon, New York. Former CEO Pineridge Capital. Commodity Trading Advisory Katonah, NY

Why Is The Market Down?

As the chart indicates, the market has been in rally mode with the anticipation of Trump tax cuts and economic reform. We were ahead of economic reality. Put a little […]

Copper Is Crumbling After Stockpiles Surge

After reaching one month highs on Monday, copper futures prices have tumbled to near 3-week lows amid slowing China credit impulse-driven economic signals (PMIs weak) and a surge in LME […]

Protracted Low Volatility,, How Much Longer?

Authored by ConvergEx’s Nicholas Colas, Last night’s note on the lack of US equity market volatility drew the strongest reader response of anything I’ve written this year. The primary reason […]

Can anti-China tariffs revive American steel?

James Pethokoukis@JimPethokoukis April 20, 2017 2:30 pm | AEIdeas Economics, Pethokoukis Font SizeAA Sure, Donald Trump mused about returning to the gold standard during the campaign. But as president, he’s […]


AKS has taken out 30 day (light blue). To the extent that Iron Ore is an input price to AKS and an end product for CLF , recent Iron Ore […]

A Few Thing To Watch

Jeff Gundlach webcast and presentation, in which the DoubleLine fund manager was surprisingly non-committal in his outlook on the future, predicting no imminent – or even belated – recession and […]

Iron Ore

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Bitcoin Soars To New Record Highs

Good As Gold (Again)? Bitcoin Soars To New Record Highs Bitcoin topped $1200 overnight for the first time, bringing it ever closer to the price for an ounce of gold… […]

Copper’s Is Collapsing!

When Copper was soaring (2 weeks ago) it ‘proved’ that China’s debt binge had worked and that Trumpian reflation was going to secure global economic growth going forward. Now that […]

Peak Credit Complacency

Add these two charts to your list of things to totally ignore… Peak Credit Complacency: US High-Yield Corporate Bond risk is once again below the 400bps level – which in […]