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Archives by Year:
Sensex Finishes Flat; Power Stocks Rally
Indian share markets continued to trade range bound in the afternoon session as investors turned cautious ahead of a slew of corporate results. The sentiments also remained dull due to mixed international markets. At the closing bell, the BSE Sensex stood higher by 17 points, while the NSE Nifty finished down 2 points. Meanwhile, the S&P BSE Mid Cap and the S&P BSE […]
Morgan Stanley Jumps After Beating Estimates On 96% Surge In Fixed Income Revenue
Following yesterday’s surprising Goldman miss, traders were closely watching the results of its closest comp, Morgan Stanley this morning to determine if the Goldman FICC revenue disappointment was systemic or a one-off event. They were pleasantly surprised when MS beat on both the top and bottom line, reporting revenue of $9.75 billion and EPS of […]
What Is Going On With Silver?
As I discussed in my previous article, since the beginning of 2017 two large gold ETFs, GLD and IAU, have been generally accumulating gold. However, the largest silver ETF (SLV), has been doing the opposite: Source: Simple Digressions The chart shows that every single month SLV reported an outflow of silver from its vaults. As […]
US Dollar On The Back Foot As Elections Grab The Attention
The talk of a strong dollar by the US Treasury Secretary drowned in the political rush in Europe. GBP/USD surged on the election announcement as markets cross their fingers for a soft Brexit. And in France, it’s open season regarding the elections. Commodity currencies are doing alright as China grows. Markets are clearly energized after […]
Coca-Cola Upgraded To Outperform From Neutral At Credit Suisse
Credit Suisse analyst Laurent Grandet upgraded Coca-Cola to Outperform and raised his price target for the shares to $49 from $44. The stock closed yesterday up 41c to $43.48. With incoming CEO James Quincey taking over on May 1, and the refranchising nearly complete, Coca-Cola “has all the pieces in place to be successful again,” […]
HH French Election – Bad Dream Intrusion
The “Nightmare Option” The French presidential election was temporarily relegated to the back-pages following the US strike on Syria, but a few days ago, the Economist Magazine returned to the topic, noting that a potential “nightmare option” has suddenly come into view. In recent months certainty had increased that once the election moved into its […]
US Business Cycle Risk Report – April 19
Economic growth is expected to slow in next week’s first-quarter GDP report, but the probability remains low that a new recession has started. The government’s big-picture update due on Apr. 28 may suggest otherwise, based on recent polling. The median estimate for the “advance” GDP report via CNBC’s Rapid Update survey of economists (as of Apr. 18), […]
Classic Trap Move On The YM E-Mini Daily Chart
US equity markets continued to wallow again yesterday, as risk-on appetite wanes as global tensions continue to weigh on risk asset classes, bringing to a halt the strong bullish moves post Trump. The classic candle of the 1st March for the YM e-mini on the daily chart was the first potential signal of trouble ahead, […]
European Stocks, Futures Rebound As Stronger Dollar Eases Haven Demand
European stocks rebounded after the biggest one-day drop since November, alongside S&P futures, while Asian equities posted modest declines after yesterday’s weak US close. Gold and yen slid, while the dollar gained on the latest Mnuchin comments to the FT according to which Trump was “absolutely not” trying to talk down the dollar. European equities rose 0.4% […]
Britain To Go To Polls (Probably)
After the shock Brexit referendum outcome, the British Prime Minister, David Cameron, resigned. He had held office from 2010 until the summer of 2016, initially in coalition with the LiberalDemocrats and since 2015, in his own right. One key piece of legislation passed during his tenure was the fixed term parliament act which was designed […]
