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Bitcoin Bluster

Bitcoin Bluster

I don’t chime in about Bitcoin since I’ve never touched it and have no business contributing to something I know so little about (although I suspect there are plenty who do anyway). But a couple of days ago, I sent out this innocent tweet… I usually don’t get much in the way of replies, but […]
J. C. Penney (JCP) Q3 Loss Narrows, Comps Gain, Stock Up

J. C. Penney (JCP) Q3 Loss Narrows, Comps Gain, Stock Up

J. C. Penney Company, Inc. (JCP – Free Report) reported third-quarter fiscal 2017 adjusted loss per share of 33 cents that fared better than the prior-year quarter loss of 21 cents. In the trailing four quarters (excluding the quarter under review), the company’s bottom line had outperformed the Zacks Consensus Estimate by an average of 21.7%. Revenues: J. C. […]
Sweet Melt Up Potential Here Says Joe Friday

Sweet Melt Up Potential Here Says Joe Friday

Tis the season for Chocolate (Cocoa) to do well, will it repeat its historical pattern again this year? Below looks at the seasonal pattern of Cocoa from Sentimentrader Going into this period of seasonal strength, Cocoa bulls of late are hard to find and dumb money traders have established one of the largest short positions in this commodity […]
An Earnings Season Full Of Land Mines

An Earnings Season Full Of Land Mines

I don’t know about you, but for the stocks I own, the stocks I follow and ones I have seen from updates throughout the industry, this has been an earnings season full of land mines. Stocks have been plunging left and right on bad earnings reports. It makes sense to see a stock go down […]
The USD Is Having A Bad Ending To The Week – Data Isn’t Helping

The USD Is Having A Bad Ending To The Week – Data Isn’t Helping

The US dollar is not having a happy Friday. The greenback is not collapsing, but just retreating across the board, leaning lower. The biggest issue is tax reform. High hopes for getting a deal hit political reality. There are differences between the House and Senate bills. The latter one will reportedly include a delay of […]
Consumer Confidence Unexpectedly Drops On Inflation, Rate-Hike Fears

Consumer Confidence Unexpectedly Drops On Inflation, Rate-Hike Fears

UMich consumer sentiment declined from 100.7 to 97.8 in the preliminary November print, disappointing expectations of a small rise as anticipation of a pickup in inflation and higher interest rates weighed on the gauge. Even with the decline, sentiment was the second-highest since January, reinforcing other reports that Americans remain optimistic about employment and the economy. Other […]
November 2017: ECRI’s WLI Growth Index Rate Unchanged

November 2017: ECRI’s WLI Growth Index Rate Unchanged

ECRI’s WLI Growth Index which forecasts economic growth six months forward is remains in expansion. This is compared to RecessionAlerts similar weekly leading index. Analyst Opinion of the trends of the weekly leading indices Both ECRI’s and RecessionAlerts indicies are indicating modest growth six months from today. Current ECRI WLI Level and Growth Index: Here […]
Will We See A Replay Of 2015 And 2016 In The Gold Market?

Will We See A Replay Of 2015 And 2016 In The Gold Market?

In both 2015 and 2016, the price of gold bottomed in December, as one can see in the chart below. Chart 1: Gold prices (London P.M. Fix) from January 2015 to October 2017. Will that pattern repeat itself this year? Well, there are some strong arguments in favor of that scenario. First, the price of […]
The Distribution Of Pain

The Distribution Of Pain

When you write about economics, you learn very quickly that the economy doesn’t care what you say about it. The forces that drive it are beyond any one person’s comprehension, much less control. But at the same time, the economy doesn’t work like a law of nature. Unlike gravity, for instance, the economy responds to […]
5 Best-Performing High Yield Bond Mutual Funds Of Q3

5 Best-Performing High Yield Bond Mutual Funds Of Q3

Trump’s repeated failure in getting his pro-business policies passed made investors cautious that markets might witness a crash in the absence of such a catalyst for growth. The Senate Finance Committee revealed a version of the tax plan. The Senate decided not to implement the corporate tax slab of 20% before 2019. While Trump wanted […]