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Sensex Finishes Lower On Wider Trade Deficit; Metal Stocks Tank

Sensex Finishes Lower On Wider Trade Deficit; Metal Stocks Tank

Indian share markets continued to witness selling pressure in the afternoon session as trade deficit widened to an almost 3-year high. The sentiments also remained subdued due to disappointing quarterly earnings and weak international markets. At the closing bell, the BSE Sensex closed lower by 181 points and the NSE Nifty finished down by 69 points. The S&P BSE Mid Cap finished […]
Target Corporation Q3 2017 Earnings: Guidance Sinks Shares

Target Corporation Q3 2017 Earnings: Guidance Sinks Shares

Target Corporation (TGT) Q3 2017 earnings results were released before opening bell this morning, and the company reported adjusted earnings of 91 cents per share on $16.67 billion in revenue. Wall Street had been expecting adjusted earnings of 86 cents per share on $16.6 billion in sales. Target had guided for adjusted earnings of 75 cents […]
Morning Call For Wednesday, Nov. 15

Morning Call For Wednesday, Nov. 15

OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.44%) this morning are down -0.52% at a 2-week low and European stocks are down -0.78% at a 1-3/4 month low. Global stock markets moved lower as weakness in energy and mining stocks led losses in world bourses. Energy stocks declined with Dec WTI crude oil (CLZ17 […]
Bloodbath: Global Stocks Dive In Tandem

Bloodbath: Global Stocks Dive In Tandem

This wasn’t hard to see coming. The Nikkei had fallen for four consecutive sessions and was flat on Tuesday, European shares had fallen for six straight days and the Stoxx 600 was sitting a seven-week low. Oil plunged yesterday. A bond selloff was brewing in China. And junk bonds were snapping. So yeah, the stage […]
S&P 500 – Could Be Dangerous Place For Selling To Start

S&P 500 – Could Be Dangerous Place For Selling To Start

The trend in the S&P 500 remains up, as it is above long-term moving averages and is in a solid rising channel in the chart below. The little bit of softness that has taken place of late has done nothing to change that trend. The Power of the Pattern wanted to share with you this […]
DXY Index Slammed Down To Key Support Ahead Of US CPI, Retail Sales

DXY Index Slammed Down To Key Support Ahead Of US CPI, Retail Sales

The US Dollar took a major step back yesterday, crashing out of its three-week range and two-month uptrend. With 94.19 lost as support, attention has quickly shifted to the October 26 bullish outside engulfing bar low, formed the day of the October ECB meeting, at 93.44. Momentum has started to swing lower as well, with […]
Petroyuan Can Accelerate The De-Dollarization

Petroyuan Can Accelerate The De-Dollarization

The move away from Petrodollar  In 1974, US President Richard Nixon and King Faisal from Saudi Arabia struck a deal. This deal gave birth to the petrodollar system which still lasts until this day.  The deal involves Saudi Arabia selling oil to its largest buyer back then, the U.S. In turn, the U.S. provides Saudi Arabia with money, […]
Mash Up

Mash Up

After being extremely over bought with a record amount of hedge fund and large speculators long caused a sell off after a questionable report from the International Energy Agency’s, Traders hoping that the American Petroleum Institute weekly supply report would perhaps add some clarity only added to the confusion. In a major mixed bag of […]
Bitcoin Value Death Spiral

Bitcoin Value Death Spiral

How close did Bitcoin get to disastrous chain death spiral? Video Length: 00:06:50
Cutting The Tax On Corporate Profits Would Probably Reduce U.S. National Income

Cutting The Tax On Corporate Profits Would Probably Reduce U.S. National Income

Paul Krugman has been explaining (very slowly and clearly) that if the US attracts foreign investment by cutting taxes on profits, then it will have to pay the foreign investors. The Tax Foundation appears not to have noticed that loans are not gifts. This is the ultra-static effect of the cut in which its effects […]