July 2016 – JenkinsRM

Yahoo finally is bought out…but more importantly it held Pi

By admin | July 25, 2016

Verizon agreed to buy the web franchise’s core assets for $4.83 billion that ends the 4 year turn around effort by Marissa Mayer. Yahoo has taken a back seat to Google and the rest for several decades with the stock largely just going sideways never being able to hold above the 2005 highs let alone reach…

Turkish Lira Update

By admin | July 19, 2016

We’ve been long this pair all year just based on the charts first and foremost and on the simple concept that capital tends to flee the battlefield. We want to stay with this from a long-term, intermediate-term, and short-term perspective now. If we look the below longterm Monthly chart we can see the clear longterm…

Another Primary Dealer Bites the Dust

By admin | July 13, 2016

Japan’s Largest Lender to Leave Primary Bond Dealer Group Japan’s biggest bank is quitting its role as one of the 22 primary dealers that underwrite auctions of the nation’s bonds, the first financial institution to withdraw since the central bank’s introduction of negative interest rates this year caused yields to tumble below zero. Bank of Tokyo-Mitsubishi UFJ…