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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Editorconsensus@aol.com X-To: Editorconsensus@aol.com X-cc: X-bcc: X-Folder: \Andrew_Lewis_Dec2000\Notes Folders\Notes inbox X-Origin: Lewis-A X-FileName: alewis.nsf CONSENSUS Market Advisory Newsletter Each Tuesday the CONSENSUS Newsletter will feature a leading selection from 225 +/- weekly articles from CONSENSUS National Futures and Financial Weekly appearing online at <A HREF="http://www.consensus-inc.com/"< http://www.consensus-inc.com/</A< or in print. ============================================================= TRADING FUTURES...In An Online World "e-Commerce is about to change every rule of business in the commodities futures market." MarcusEvans conference being held January 18 and 19, 2001 in New York City Key Benefits of Attending *Explore the business forces driving competition and change *Advance your firm's e-commerce strategy *Envision FCMs and their evolving role in the digital age *Understand the future of electronic exchanges and their impact on trading *Streamline operations, increase volume and reduce costs to enhance your bottom line For more information contact: Yael Kruman, 212-483-1193, One Exchange Plaza, 55 Broadway, 26th Floor, New York NY 10006 or by e-mail to yaelk@marcusevansbfi.com ============================================================= FREE ONLINE TRIAL Call for your FREE ONLINE trial to our secure site: 800-383-1441 or 816-461-2800. CONSENSUS ONLINE features up to 15 daily and intra-weekly market letters with current trading strategies. ============================================================= A request for a FREE sample of the print and ONLINE version is available at our website. <A HREF="http://www.consensus-inc.com/"<Consensus - National Futures and Financial Investment Newspaper</A< This FREE weekly Newsletter publication is sent ONLY to people who have expressed and interest in financial and investment information. Please forward this Newsletter to your Associates/Friends. SUBSCRIBE mail to: editior@consensus-inc.com UNSUBSCRIBE mail to: editor@consensus-inc.com ============================================================= TABLE OF CONTENTS: 1. Market commentary from current issue of CONSENSUS National Futures and Financial Weekly. 2. Featured commodity of the CONSENSUS Index of Bullish Market Opinion. 3. Partial Outline of leading articles in current issue of CONSENSUS. ============================================================= FEATURED SELECTION: WHY THE U.S. DOLLAR IS VULNERABLE TO A TEMPORARY SETBACK by Clive Walcott, Merrill Lynch & Co. Global Securities Research & Economics Group (November 30, 2000) We are perhaps the biggest U.S. Dollar bulls around and understand perfectly why the trade-weighted U.S. Dollar remains at a 14-year high. As the most flexible, efficient and productive economy, the U.S. was able to average a stunning 4.6% year-over-year growth over the last fifteen quarters, while Euroland GDP growth averaged a more modest 2.6% rate. The Japanese economy contracted an average of 0.1% during the same period... Read the complete article at <A HREF="http://www.consensus-inc.com/newsletter/feature.htm"< http://www.consensus-inc.com/newsletter/feature.htm</A< ============================================================= CONSENSUS Index of Bullish Market Opinion Contrary opinion index of market advisors 75% + overbought 25% - oversold FEATURED MARKET: ORANGE JUICE: 84% For more information on all of the CONSENSUS Index of Bullish Market Opinion percentages please go to our sample online issue at http://www.consensus-inc.com/01999si/ <A HREF="http://www.consensus-inc.com/"<Consensus - National Futures and Financial Investment Newspaper</A< To obtain the CONSENSUS Index of Bullish Market Opinion for all 33 markets, please call 900-328-1131 for only $2.99 per minute, updated each Tuesday by 8:00 PM Central Time. ============================================================= To view TOTAL outline of current issue, visit our website <A HREF="http://www.consensus-inc.com/"<http://www.consensus-inc.com</A< "Issue Preview" PARTIAL OUTLINE OF FEATURED ARTICLES IN CURRENT ISSUE OF CONSENSUS FUTURES AND FINANCIAL WEEKLY: APICS BUSINESS OUTLOOK INDEX by The Educational Society For Resource Management (November 30, 2000) The APICS Business Outlook Index rose to 54.9 in November, up from 53.5 in October and 49.3 in September. The current component advanced to 54.1 from 51.7, while the future component edged up to 55.7 from 55.4.. GLOBAL FX STRATEGY by Deutsche Bank AG Foreign Exchange Research Department The U.S. Dollar is the only major industrial currency that has generated a year-to-date positive return in U.S. Dollar terms this year (see Figure 1). Our 2000 FX Scorecard of yield adjusted currency returns for the January-November 2000 period reveals that the Canadian Dollar is the industrial world's second best performing currency with a return of -0.7% in U.S. Dollar terms, while the yen came in third place with a return of -6.7%. The Australian Dollar and New Zealand Dollar are the world's worst performing currencies so far this year with returns of -15.8% and -18.2%, respectively, in U.S. Dollar terms... GANN ANGLES by Phyllis Kahn (December, 2000) The big question that I can't answer this early is: will the anniversary date of this year's Dow high on January 14th be a high or low? The high was followed by a major low in March, both time periods, i.e., January and March, are very important as 2001 unfolds, as they are key "seasonals" for major turning points... A RECESSION IS ON THE WAY by Peter Dag & Associates, Inc. What is the likely direction of the financial markets? In order to answer this question it is useful to recognize that there are 6 phases in a complete financial cycle. Each phase is characterized by the position of various indicators as follows... INFORMATION TECHNOLOGY AND PRODUCTIVITY by Federal Reserve Bank of San Francisco (November 10, 2000) Productivity growth in the U.S. has picked up noticeably in recent years. From 1996 to 1999, average labor productivity, or ALP, in the private, nonfarm U.S. economy grew at a 2.8% annual rate, more than twice the rate that prevailed between 1980 and 1995. Many observers have linked this acceleration in productivity to the explosive growth of computers and information technology (IT)... MONETARY TRENDS by Federal Reserve Bank of St. Louis (December 2000) Earlier this year, the United States introduced its eighth dollar coin. The new dollar coin is gold in color and bears the image of Sacagawea--the only woman on the Lewis and Clark expedition. Proponents of the dollar coin point out that the widespread use of dollar coins would result in considerable savings to the government... NATIONAL ECONOMIC TRENDS by Federal Reserve Bank of St. Louis (November 2000) Economic growth in the United States has averaged about 4.5 percent per year since 1996. The Congressional Budget Office (CBO), the budget and macroeconomic analysis agency of the U.S. Congress, has raised its estimate of the growth rate of potential GDP for the period 1994-2000 (see chart)... CBO's Growth Outlook ============================================================= Thank you for reading the CONSENSUS Market Advisory Newsletter. In the future we plan to include special offers, contests and other features. The next issue of our newsletter will be e-mailed December 12. CONSENSUS, INC. PO Box 411128, Kansas City, MO 64141 816-461-2800 or 800-383-1441 mailto:editor@consensus-inc.com
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