A South Korean court granted on Sunday an extension of President Yoon Suk Yeol’s detention, saying there was “concern” that Yoon could “destroy evidence” in a criminal probe related to his short-lived declaration of martial law in early December. Last Wednesday, Yoon became the first sitting South Korean president to…
Former Brazilian President Jair Bolsonaro accused the country’s supreme court of persecuting him on Saturday after his appeal against a travel ban was rejected. Speaking at the airport in Brasilia, Bolsonaro, who had called on the Supreme Court to reconsider a previous decision barring him from traveling to the United…
The rooms are filled with elderly residents, their hands wrinkled and backs bent. They shuffle slowly down the corridors, some using walkers. Workers help them bathe, eat, walk and take their medication. But this isn’t a nursing home – it’s Japan’s largest women’s prison. The population here reflects the aging…
Mid-caps show leadership and were the first to trigger a breadth thrust. Stocks surged this week with mid-caps showing the highest participation rate. Chartists can quantify the participation rate and identify breadth thrusts using the percentage of stocks above their 20-day SMAs. We will analyze these indicators for six broad…
So far, this has been a fairly entertaining start to the new year! The S&P 500 started off with a bounce to 6050, pushed briefly below our line-in-the-sand level of 5850, and then finished this week with a retest of 6000. While the VIX remains fairly low relative to historical levels, it…
Energy Replaces Technology At the end of this week, 1/17/2024, the Technology sector dropped out of the top 5 and will be replaced by Energy. The ranking in the top 5 has also changed. XLY is still number one but XLF raised to the #2 spot, pushing XLC down to…
When I look back at leading industry groups for the past day, week, month, 3-month, 6-month, and 1-year periods, only one industry group has been among the Top 20 industry groups for each of those 6 different periods. It’s a group that I liked heading into 2024 and it’s a…
Global markets were turbulent this week on speculation about US President-elect Donald Trump’s trade policies. Initial gains on Monday (January 6), driven by rumors of less aggressive tariffs, were followed by a mixed performance as the Consumer Electronics Show (CES) kicked off in Las Vegas, Nevada, and investors awaited key…
Chinese President Xi Jinping will not attend President-elect Donald Trump’s inauguration, but he is sending Vice President Han Zheng as his special representative. The decision, announced Friday in China by the foreign ministry, came more than a month after Trump extended the unusual invitation to Xi, a break from tradition…
A Pakistani court on Friday sentenced the country’s already-imprisoned former Prime Minister Imran Khan and his wife to 14 and seven years in jail after finding them guilty of corruption, officials and his lawyer said. The couple are accused of accepting a gift of land from a real estate tycoon…