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US Q3 GDP Jumps By 3% – USD Follows

US Q3 GDP Jumps By 3% – USD Follows

Better-than-expected US growth: 3% annualized according to the first read. This is significantly above 2.5% expected and at the magical 3% level. Personal consumption is up 2.4%, also above predictions.  The US dollar is extending its gains. The moves are not huge but they could continue. The Fed could raise rates with more confidence and […]
Turbo Tech Trio

Turbo Tech Trio

It’s all about tech this morning – – 280 companies reported earnings yesterday, but the megacap tech stocks had blowout earnings which are pushing them all higher. This really just leaves one last monster – – Apple – – to round out the good news when it reports next week.
Q3 GDP Advance Estimate: Real GDP At 3.0%

Q3 GDP Advance Estimate: Real GDP At 3.0%

The Advance Estimate for Q3 GDP, to one decimal, came in at 3.0% (2.99% to two decimal places), a decrease over 3.1% for the Q2 Third Estimate. Investing.com had a consensus of 2.5%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news release: Real gross domestic product (GDP) increased at an annual […]
Replicating Indexes In R With Style Analysis (Part II): Global Macro

Replicating Indexes In R With Style Analysis (Part II): Global Macro

<< Read Part I: Replicating Indexes In R With Style Analysis Imitation, Oscar Wilde famously observed, “is the sincerest form of flattery that mediocrity can pay to greatness.” The observation echoes the objective for using Professor Bill Sharpe’s style analysis to replicate investment indexes that, for one reason or another, can’t be purchased directly. If we can […]
ExxonMobil Earnings Rise 50 Percent To $4 Billion On Solid Business Performance

ExxonMobil Earnings Rise 50 Percent To $4 Billion On Solid Business Performance

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE: XOM): Cash flow from operations and asset sales exceeds dividends and net investments1 for the fourth-consecutive quarter Company makes fifth Guyana discovery; captures 12 high-potential blocks offshore Brazil Hurricane Harvey reduces earnings by an estimated $160 million, or 4 cents per share Exxon Mobil Corporation announced estimated third quarter 2017 earnings […]
Bullish Opportunity In Crude – Watch Out!

Bullish Opportunity In Crude – Watch Out!

U.S CRUDE OIL 30 min 4 Hours Daily My Bias: topping in a large correction wave [4].Wave Structure: Double combination higher in wave [4] red.Long-term wave count: wave [4] target $70 After a week of indecisive action in crude, the time has come to change tack and sail with the wind again! Although the wave count in crude […]
Air Products Stock Popped But Is It A Long Term Play?

Air Products Stock Popped But Is It A Long Term Play?

Yesterday Air Products (NYSE: APD) released earnings that beat estimates on all fronts. As a result, the stock price jumped more than 4%. But is this stock a buy for the long term investor? The answer isn’t so cut and dry as Air Products has faced a lot of headwinds over the past few years and […]
Revisiting The Only Thing That Matters In A Taper: Stock Vs. Flow Effects

Revisiting The Only Thing That Matters In A Taper: Stock Vs. Flow Effects

With the ECB decision in the books, it’s worth briefly revisiting the QE “stock” versus “flow” debate. Although you can add specificity and fancy language if you like, it boils down to a very simple question: is it the cumulative size of central bank balance sheets that matters (the stock effect) or is it the […]
GBP/USD: Vulnerable, Sees Price Extension

GBP/USD: Vulnerable, Sees Price Extension

GBP/USD: The pair weakened further during Friday trading session opening the door additional weakness. Support lies at the 1.3050 level where a break will turn attention to the 1.3000 level. Further down, support lies at the 1.2950 level. Below here will set the stage for more weakness towards the 1.2900 level. Conversely, resistance stands at […]
Morning Call For Friday, October 27

Morning Call For Friday, October 27

OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.21%) this morning are up +0.25% and European stocks are up +0.63% at a 2-year high. U.S. stock index futures rose after the U.S. House passed a resolution that brings tax cuts a step closer. Also, technology stocks gained with Alphabet up 3% in pre-market trading and Amazon.com […]