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Since 1926, Entire Market Gain Is Due To Four Percent Best Performers

Since 1926, Entire Market Gain Is Due To Four Percent Best Performers

Why do active managers underperform broad-based stock indexes? Hendrik Bessembinder of Arizona State thinks he might have the answer. The vast majority of stocks have failed to outperform T-Bills, he points out in a study. It is only a small percentage of stocks that lead indexes higher. On a statistical basis, selecting individual issues means the odds are […]
Six Things To Know About How Markets Started The Week

Six Things To Know About How Markets Started The Week

Several financial centers were closed today, October 9, for different national holidays. Markets were closed in Japan, Taiwan, Korea, and Canada, and there was a partial holiday in the US.  1. Chinese markets reopened after the national holiday last week. The equities rallied in a bit of catch-up, following the cut in reserve requirements for […]
The Most Active Equity Options And Strikes For Midday – Monday, Oct. 9

The Most Active Equity Options And Strikes For Midday – Monday, Oct. 9

The most active equity options and strikes for midday are: GE, AAPL, RIG, BAC, AMD, MET and ETE. 
USDCAD Daily Analysis – Monday, Oct. 9

USDCAD Daily Analysis – Monday, Oct. 9

USDCAD’s uptrend from 1.2061 extended to as high as 1.2598. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be at 1.2700 area. Key support is now at 1.2448, only a breakdown below this level would indicate that […]
RBC Calls Disney A Top Pick As ‘Least Media Stock In Media Sector’

RBC Calls Disney A Top Pick As ‘Least Media Stock In Media Sector’

Shares of Walt Disney (DIS) are on the rise after RBC Capital analyst Steven Cahall upgraded the stock to Top Pick on improved visibility and his belief the company has reached a turning point. The analyst sees the “non-Media” parts of Disney taking over the story, which provides potential for the market to reconsider the […]
Noisy PMI’s In China

Noisy PMI’s In China

In the US our economic data for a few months at least will be on shaky ground due to the lingering economic impacts of severe hurricanes. In China, the potential for irregularity is perhaps as great, though it has nothing to do with the weather. In a little over a week, Communist Party officials will gather […]
EC
                        
                        Richard Thaler: The 2017 Nobel Prize In Economics

EC Richard Thaler: The 2017 Nobel Prize In Economics

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2017 has
US Drillers Continue Lowering Rigs In Oil & Gas Resources

US Drillers Continue Lowering Rigs In Oil & Gas Resources

In its weekly release, Houston-based oilfield services player Baker Hughes, a GE company (BHGE), reported a fall in oil and natural gas rig count in the United States. Details Weekly Summary: Rigs engaged in the exploration and production of oil and natural gas in the United States totaled 936 in the week ended Oct 6 – […]
India’s Demonetization Effort Has Demonstrably Failed

India’s Demonetization Effort Has Demonstrably Failed

Dormant for a while, the debate over India’s demonetization program of last fall has been revived by new evidence. The new evidence on note returns and GDP vindicates the critics and has the defenders in strategic retreat. What Happened To recap: On November 8, 2016, India’s Prime Minister Narendra Modi shocked the nation by announcing […]
Hawkish Fed Rhetoric To Fuel USD/CAD Recovery; August-High On Tap?

Hawkish Fed Rhetoric To Fuel USD/CAD Recovery; August-High On Tap?

GBP/USD has staged a meaningful correction off of 2017-high (1.3657), with the broader outlook clouded by the Brexit negotiations, but the pair may regain its footing ahead of the next Bank of England (BoE) interest rate decision on November 2 as the central bank shows a greater willingness to move away from its easing cycle. Market […]