Archives by Month:

Archives by Year:

Stocks And Precious Metals Charts – After The Bell

Stocks And Precious Metals Charts – After The Bell

The big tickle today was the strength in the Dollar index based on Euro weakness, thanks to Monsieur Draghi. There was a minor option expiration for gold on the Comex today. I do not think that drove the action in the metals, compared to the big spike in the Dollar. After the bell we will […]
All Of The World’s Money And Markets In One Visualization

All Of The World’s Money And Markets In One Visualization

 
Q3 Earnings To Drive Energy ETFs Higher

Q3 Earnings To Drive Energy ETFs Higher

The energy sector has given impressive performances in the last few months on improving demand and supply dynamics. The ultra-popular ETFs Energy Select Sector SPDR (XLE – Free Report) , Vanguard Energy ETF (VDE – Free Report) , iShares U.S. Energy ETF (IYE – Free Report) and Fidelity MSCI Energy Index ETF (FENY – Free Report) gained 3.3%, 2.4%, 2.7% and 2.4%, respectively, in the last three […]
October 2017 Kansas City Fed Manufacturing Remains Positive And Improves

October 2017 Kansas City Fed Manufacturing Remains Positive And Improves

 Of the four regional manufacturing surveys released for October, all were in expansion. Analyst Opinion of Kansas City Fed Manufacturing Kansas City Fed manufacturing has been one of the more stable districts and their index improved. Key internals were in expansion. There were no market expectations from Bloomberg / Econoday. The reported value was -23. […]
Advance Indicators: Trade Deficit Widens, Wholesale Inventories +0.3%, Retail Inventories -1.0%

Advance Indicators: Trade Deficit Widens, Wholesale Inventories +0.3%, Retail Inventories -1.0%

The advance (first) estimate of third-quarter GDP comes out tomorrow. The final economic report before the BEA’s GDP announcement is the Census Bureau’s advance indicator report for September. The report will likely lower GDP estimates. Econoday Comment “Wholesale inventories rose 0.3 percent in September but retail inventories, also released with today’s report, fell a sharp 1.0 […]
Five Large Cap Stocks With Great Momentum

Five Large Cap Stocks With Great Momentum

Today, I wanted to find 5 Large Cap stocks that had great current momentum so I used Barchart to sort the S&P 500 Large Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Today’s watch-list includes: Ansys, DR Horton, TE […]
Bitcoin, Gold & Money

Bitcoin, Gold & Money

We start with a quote by Donald Trump, courtesy of CNN, May 16, 2016: “This is the United States government. First of all, you never have to default because you print the money, I hate to tell you, OK?” We juxtapose that quote with Francesco Bianchi and Leonardo Melosi’s excellent research paper published by the […]
Bristol-Myers (BMY) Misses On Q3 Earnings, Opdivo In Focus

Bristol-Myers (BMY) Misses On Q3 Earnings, Opdivo In Focus

Bristol-Myers Squibb Company’s (BMY – Free Report) third-quarter 2017 earnings of 75 cents per share fell short of the Zacks Consensus Estimate as well as the year-ago quarter earnings of 77 cents. However, total revenue of $5.25 billion came ahead of the Zacks Consensus Estimate of $5.2 billion as well as $4.9 billion recorded in the year-ago […]
This And That

This And That

 “The Bull Market in Everything” was last week’s cover of The Economist magazine.  Hyperbole, of course, but not entirely. The bull market for stocks is unaffected by natural disasters, fires or man-made catastrophes such as what happened in Las Vegas. One reason is that the recent economic data are pointing toward better days ahead here […]
Canadian Bank Governor Poloz Pulled A Trichet

Canadian Bank Governor Poloz Pulled A Trichet

Remember when Bank of Canada Governor Poloz surprised the market with a second rate in early September? It caught the market off-guard as the market had priced in much less than a 50% chance of a hike. Here is the chart of the BAX futures and CAD on the day Poloz shocked the market with the […]