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Weekly Commodities Wrap: Gold Prices Stagnate As Cross Factors Create Battle For Direction

Weekly Commodities Wrap: Gold Prices Stagnate As Cross Factors Create Battle For Direction

Gold: Fed Hawkishness Weighs on Yellow Metal The yellow metal came under pressure this week as reports indicated that Republican senators are backing Stanford professor John Taylor to become the next President of the Federal Reserve. Taylor is viewed as a hawk who would likely normalize policy at a much faster rate which would weigh […]
Observations On Wealth-Income Inequality (From Federal Reserve Reports)

Observations On Wealth-Income Inequality (From Federal Reserve Reports)

There’s a profound difference between assets that produce no income and those that produce net income. To those of us nutty enough to pore over dozens of pages of data on wealth and income in the U.S., the Federal Reserve’s quarterly Z.1 reports and annual Survey of Consumer Finances (SCF) are treasure troves, as are […]
‘What Were You Thinking?’

‘What Were You Thinking?’

My friend Eric recently shared an iconic quote from the dot-com mania that is especially relevant to the equity market today. Scott McNeely was the CEO of Sun Microsystems, one of the darlings of that bubble. At its peak, his stock hit valuation of ten-times revenues. A couple of years afterward he had this to say about […]
5 Best-Performing Fidelity Mutual Funds Of Q3

5 Best-Performing Fidelity Mutual Funds Of Q3

Fidelity is expected to get more attention from investors in the coming months on the back of strong performance in the third quarter. The third largest fund family in terms of assets under management is successfully providing investment advice and wealth management services to its clients. Its ability to offer low-cost mutual funds consistently, effective […]
1,000,000,000,000 – Japanese Foreign Assets Top One Quadrillion For First Time

1,000,000,000,000 – Japanese Foreign Assets Top One Quadrillion For First Time

“…a quadrillion here, a quadrillion there… and pretty soon you’re talking real money!” For the first time in history, foreign assets held by Japanese institutional and individual investors appear to have topped 1,000 trillion yen ($8.79 trillion), according to Nikkei estimates. The amount has increased roughly 50% during the past five years and now is more than twice as […]
So Much For Fiscal Probity

So Much For Fiscal Probity

House adopts Senate budget… The budget will allow Republicans to pass a tax overhaul that adds up to $1.5 trillion to the deficit through a process known as reconciliation, which only requires 51 votes to pass in the Senate. Here’s the implications for debt: Source: Committee for a Responsible Federal Deficit (Oct. 18, 2017). In other […]
What Pain DB

What Pain DB

Deutsche Bank’s CEO John Cryan warned that the bank’s quarterly results for Q3 would be no better than those produced in the two disappointing quarters prior. He has been proved by the bank’s reported results to have been optimistic. Trading revenue fell an alarming 30% year-over-year, with DB joining the rest of Wall Street in […]
Stocks To Trade: F, APC, ZTS

Stocks To Trade: F, APC, ZTS

Friday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Ford Motor (F)   Long Anadarko Petroleum (APC) Short Zoetis (ZTS)
Sensex Up 100 Points; FMCG Stocks Witness Buying

Sensex Up 100 Points; FMCG Stocks Witness Buying

Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the healthcare sector and FMCG sector witnessing maximum buying interest. Telecom stocks are trading in the red. The BSE Sensex is trading up 100 points (up 0.3%) and the NSE Nifty is trading flat. The BSE Mid Cap index is trading up by 0.5%, while the BSE Small Cap index […]
The Parade Passing By

The Parade Passing By

DOW + 71 = 23,400 SPX + 3 = 2560 NAS – 7 = 6556 RUT + 3 = 1497 10 Y + .01 = 2.45% OIL + .63 = 52.81 GOLD – 11.00 = 1267.20 Cryptocurrency  Number of Currencies: 879 Total Market Cap: $172,874,344,662 24H Volume: $3,346,529,813 Top Cryptocurrencies   Name Symbol Price USD Market Cap Vol. […]