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September 2017 Payrolls Report Distorted

September 2017 Payrolls Report Distorted

The much awaiting monthly payroll figures from the US showed that the economy was hit by the two hurricanes in September. However, the underlying data although a bit distorted suggests long-term pressures building up. Summary: Payrolls decline 33,000 in September, missing estimates of 82k increase August payrolls revised higher to 169k Unemployment rate falls to […]
Mapping The World’s Trillion-Dollar Asset-Manager Club

Mapping The World’s Trillion-Dollar Asset-Manager Club

In the late 1700s, it was the start of the battle of stock exchanges: in 1773, the London Stock Exchange was formed, and the New York Stock Exchange was formed just 19 years later. And while London was a preferred destination for international finance at the time, Visual Capitalist’s Jeff Desjardins notes that England also had laws that […]
Stocks To Watch: AMZN, AJRD, CMCSA

Stocks To Watch: AMZN, AJRD, CMCSA

 Long Amazon (AMZN) Long Aerojet Rocketdyne (AJRD) Short Comcast (CMCSA)
Bank Stocks Earnings Preview: What To Expect From BAC, JPM, C, & WFC

Bank Stocks Earnings Preview: What To Expect From BAC, JPM, C, & WFC

The start of Q3 earnings season is finally upon us, and the first significant handful of S&P 500 companies will release their latest quarterly results this week. Of these, the most highly anticipated reports will be those of our big financial firms—including Bank of America (BAC – Free Report), JPMorgan Chase (JPM – Free Report), Citigroup (C – Free Report), and […]
A Stock, A Bond Or Both?

A Stock, A Bond Or Both?

In my monthly newsletter, The Oxford Income Letter, AT&T (NYSE: T) is listed as a “Buy.” I like its nearly 5% yield, steady cash flow and market domination along with Verizon (NYSE: VZ). I’ve had the stock in the portfolio since February 2014. Bond Strategist Steve McDonald is also a fan of Ma Bell. As a result, he recommended buying […]
US Dollar May Erase Near-Term Losses As FOMC Minutes Approach

US Dollar May Erase Near-Term Losses As FOMC Minutes Approach

The US Dollar edged lower against the G10 FX majors in Asia Pacific trade, extending what looks like a corrective pullback started in the prior session. The greenback hit a six-week high against an average of its top counterparts on Friday as September’s jobs report added to evidence arguing for another Fed rate hike before year-end. A […]
A Curiously Non-Quantitative Assessment Of Deregulation Effects On Economic Growth

A Curiously Non-Quantitative Assessment Of Deregulation Effects On Economic Growth

And a funny choice of citations. The CEA released its first “report” under the leadership of Kevin Hassett. The report, entitled The Growth Potential of Deregulation, is summarized thusly: Excessive regulation is a tax on the economy, costing the U.S. an average of 0.8 percent of GDP growth per year since 1980. This taxation by regulation […]
EUR: Broadly Consolidating Around 1.17; GBP: Likely To Recover Into 1.3250-1.3300 – ING

EUR: Broadly Consolidating Around 1.17; GBP: Likely To Recover Into 1.3250-1.3300 – ING

GBP/USD bounced from the lows and EUR/USD is stuck in range. What’s next? Here is the view from ING: Here is their view, courtesy of eFXnews: ING FX Strategy Strategy Research expects the EUR to broadly consolidating this week in the absence of a spike in EZ political risks. “Politics will overshadow ECB policy for the EUR […]
Gold Bounces On Safe-Haven Demand, Short Covering

Gold Bounces On Safe-Haven Demand, Short Covering

Gold prices ended Monday’s session up $7.87, boosted by short covering in response to geopolitical concerns. The greenback came under renewed pressure as the euro gained strength on the back of the better-than-expected German data. XAU/USD is currently trading at $1285.18, slightly higher than the opening price of $1283.87. The market tested the 1282/1 area […]
World Markets Update – Tuesday, Oct. 10

World Markets Update – Tuesday, Oct. 10

All eight indexes on our world watch list have posted gains for 2017 through October 2. The top performer thus far is Hong Kong’s Hang Seng with a gain of 28.75%, followed by India’s BSE Sensex at 19.61%. In third is our own S&P 500 with 13.66%. The Last Four Weeks The tables below provide […]