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Fri, 20th January 2017

Anirudh Sethi Report

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Spare 5-7 minutes & Read Some Facts

Some Facts About Anirudh Sethi in Relate to www.AnirudhSethiReport.com

-AnirudhSethiReport is now owned by ANIRUDH SETHI  (Only Name been used by Real Owner )

-Twitter Id : anirudhsethi71 (Not owned by Anirudh Sethi )

-Anirudh Sethi :Has never Authored any Article in Relate to Indian Stocks/Indices /Commodities of Indian Stocks.

Yes ,Before Regulation came :

http://www.anirudhsethireport.com/good-things-must-come-end-eyes-30th-dec-2013/

http://www.anirudhsethireport.com/without-reason-nothing-happens-watch-25th-dec14/

Focus by Anirudh Sethi was /Still there :To Track Global Economy ,Global Market ,Forex Market ,Global Commodity Market.

To Organize Seminars on TA/Trading Psychology.

Yes ,Members been made but for Global Market/Commodity Market/For Seminar purpose.

Not Any Where it is written :Anirudh Sethi says this :Buy /Sell or Hold !!

Not Any Where it is written :This is Official Twitter Trading Account of ANIRUDH SETHI

Every Important post is for Members & that too password protected.

Think it over…………………………………

By Banning Anirudh Sethi ,Readers/Traders :Don’t know Fact they just do BLA BLA.

For ANIRUDH SETHI name is important ,Across Globe people Recognise him by name not by Sensex/Nifty or Stocks.

In 2007 ,Focus was Technical Analysis ,Now also Focus is on TA :Already Boldly mentioned on 30th Dec 2013 & 25th Dec ’14 :Stopped writing about Stocks/Commodity.

Stock market analysts don’t exist to tell you want to ‘buy’, ‘sell’ or ‘hold’

Image result for STOCK ANALYSTMaybe the best thing I’ve read this week is today’s column by Matt Levine on stock market research analysts and what they’re really doing.

You might think their job is to give investors advice on which stocks to buy, sell and hold. You would be wrong, as Levine explains:

Here are two models of sell-side equity research.

Model 1

  • Sell-side analysts are in the business of finding out what stocks will go up and then telling you.
  • They tell you to Buy stocks that will go up, Hold stocks that will stay flat (why?), and Sell stocks that go down.
  • You believe them, and do that.
  • Sometimes they lie to you, but it is always a shock when they do.

Model 2 

  • Sell-side analysts are in the business of helping institutional investors get access to corporate management teams.
  • They flatter management teams by giving most companies good ratings, to maintain access.
  • They help their clients, because investors who meet with management tend to outperform investors who don’t.
  • The clients aren’t too worried about the Buy/Sell/Hold stuff.

… “If you believe that the job of a sell-side analyst is to tell people which stocks to buy and which ones to sell, you need to stop believing that right now, because it is not true.”

He goes on to detais how analyst ratings basically exist to flatter management so those analysts can then set up meeting between large institutional managers and top executives.

India : Forex reserves up $687.9 mn to $359.842 bn

Country’s foreign exchange reserves rose by $687.9 million to $359.842 billion in the week to January 13 helped by increase in the foreign currency assets, the Reserve Bank said on Friday.

In the previous week, forex reserves had fallen by $1.14 billion to $359.155 billion.

Foreign currency assets (FCAs), a major component of the overall reserves, increased by $683.7 million to $337.508 billion in the reporting week.

FCAs, expressed in US dollar terms, include the effects of appreciation/depreciation of non-US currencies such as the euro, pound and the yen held in the reserves.

Gold reserves, which had fallen in the previous week, remained unchanged at $18.584 million, the RBI said.

The special drawing rights with the International Monetary Fund rose by $1.5 million to $1.439 billion, while India’s reserve position with the Fund, too, increased by $2.7 million to $2.311 billion, RBI said.

BOJ’s Kuroda says Japan’s economy has improved a lot since QQE

Bank of Japan governor Kuroda speaking from Davos 20 Jan

  • top priority is to beat inflation
  • 2% target not yet achieved
  • cautious wage demands mean inflation expectations have dropped again after rising.
  • Asian economies gaining momentum
  • Japanese exports, industrial output showing recovery
  • Japan’s economy to grow +1.5%, well above potential in current/next FYs

Repetition Man back to the mic.

Meanwhile USDJPY still holding gains above 115.00. Looking to short around 115.50 again.

           Kuroda speaks again – Anyone still listening?

 

Chinese Investors Exit Bitcoin, Flood Into Gold ETFs

mid a weakening yuan and a tumbling Bitcoin (amid crackdowns on ‘virtual’ capital outflows from China), Chinese money is moving to bullion as investors seek an alternative to the ‘managed’ fiat paper offered by the PBOC. In the week through Monday, China attracted $52 million, the biggest inflow into commodity-linked exchange-traded funds of all countries tracked by Bloomberg.

As China cracks down on various Bitcoin exchanges, sparking an exodus from Bitcoin China platforms, gold has pushed higher…

As Bloomberg reports, Huaan Yifu Gold ETF, China’s largest ETF backed by raw materials, is getting all the attention, attracting almost $72 million last week.

“Chinese capital outflow has certainly elevated the risk to the financial system,” Chad Morganlander, a portfolio manager at Washington Crossing Advisors, which oversees $1.5 billion, said in a telephone interview. “It would be no surprise to me that Chinese gold ETF caught a bid under this elevated or increased concern about reserves, about the currency and about trade relations.”

Huaan Yifu attracted the third-biggest inflow into gold ETFs in the week through Monday, behind Frankfurt-listed Xetra-Gold, which got $172.9 million, and London-listed Source Physical ETF, which lured $73.6 million. ETF holders are bucking the trend in China’s jewelry market that saw the nation’s gold imports from Hong Kong fall in November to the lowest since January.

There are other troubles triggering capital flight and sending money to gold. The International Monetary Fund warned that China’s continued reliance on policy stimulus measures and the slow progress in addressing corporate debt raise the risk of a “sharper slowdown or disruptive adjustment.” The IMF issued the warning even as it raised the nation’s growth forecast for this year by 0.3 percentage points to 6.5 percent.

We will see shortly…

Obama Fails To Breach $20 Trillion

Over the past several years, a raging debate among debt-watchers was whether Obama would leave the presidency with more than $20 trillion in US national debt. We now have the answer, and can report that Obama failed in this particular endeavor… but just barely. According to the US Treasury, as of the most recent update, total Federal debt was some $39 billion short of the key “psychological level”, clocking in at precisely 19,961,467,137,973.64.

This means that both “Dow 20,000” and “Debt $20,000,000,000,000” accomplishments will belong to Trump. It is still unclear which comes first.

And while some may be disappointed, Obama’s achievement is still quite impressive: in exactly 8 years, total US debt has increased by $9.3 trillion, or 88% since Obama’s first day in office.

On Obama’s first day, Jan. 20, 2009, federal debt was $10,626,877,048,913.08.  As of the close of business Wednesday, it was $19,961,467,137,973.64. The final debt number for Thursday, Obama’s last full day in office, will not be released until after Donald Trump is sworn in as president on Friday, although it is unlikely to surge by $40 billion.

The total debt added on Obama’s almost doubled America’s total indebtedness, and was nearly double the $4.9 trillion piled up during the presidency of George W. Bush. It also means that the total debt “owed” by each of America’s 124,248,000 full-time employed workers amounts to $160,658, having increased by $75,129 during Obama’s tenure.

China Dec. data: Industrial Prodn: 6.0% m/m (exp. 6.1%), Retail sales 10.9% m/m (exp 10.7%)

China December data

December Industrial Production 6.0% y/y MISS
  • expected 6.1%, prior was 6.2%
December industrial production YTD 6.0% y/y
  • expected 6.0%, prior was 6.0%
December Fixed Assets (excluding rural) YTD 8.1% y/y, MISS
  • expected 8.3%, prior was 8.3%
  • At 8.1% it’s the slowest growth since 1999
  • Private sector fixed asset investment up 3.2% in 2016
December Retail Sales 10.9% y/y  BEAT