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Michigan Consumer Sentiment: Slight Decline In November

Michigan Consumer Sentiment: Slight Decline In November

The University of Michigan Preliminary Consumer Sentiment for November came in at 97.8, down 2.9 from the October Final reading of 100.7. Investing.com had forecast 100.7. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment declined slightly in early November due to widespread losses across current and expected economic conditions. The losses were […]
After Oil Rally, What’s Next?

After Oil Rally, What’s Next?

(Video length 00:02:19) Steve Sosnick, Chief Options Strategist at Interactive Brokers, discusses possible scenarios after the recent oil rally.
Needham Upgrades CVS To Buy Despite Potential Amazon Threat

Needham Upgrades CVS To Buy Despite Potential Amazon Threat

  Needham analyst Kevin Caliendo upgraded CVS Health (CVS) to Buy from Hold with a $79 price target. The healthcare company closed yesterday up 3c to $69.02. The stock’s risk/reward is favorable, especially if CVS is able to consummate the reported merger with Aetna (AET), Caliendo tells investors in a research note. The analyst puts […]
USD/CAD – Will Currency Bears Break Support Line?

USD/CAD – Will Currency Bears Break Support Line?

In recent days, the greenback moved lower against its Canadian counterpart, which resulted in a decline to the lower border of the rising trend channel. Will this support line withstand the selling pressure in the coming days? EUR/USD From today’s point of view, we see that EUR/USD extended gains, which approached the exchange rate to […]
TGIF – Market’s First Red Week Since September Comes To A Close

TGIF – Market’s First Red Week Since September Comes To A Close

A down week? What is that? Since when do markets go lower? Well, they don’t generally (anymore) and this market hasn’t had a down week since the first week of September, when the S&P was at 2,450 so it was a nice 150-point run (6.12%) before pulling back and the 5% Rule™ says we can expect a 30-point weak […]
Recent Market Breadth Is Concerning

Recent Market Breadth Is Concerning

(Audio length 00:10:39) Kicking off today with Dana Lyons and a focus on the breath of the US markets. Back in August Dana and I chatted about how breath was strong (a lot of stocks moving up together) but over the past couple weeks, we have seen again only a select number of stocks lead […]
Imagining Tax Debate Was In The Real World: Suppose Productivity Growth Is Already Up

Imagining Tax Debate Was In The Real World: Suppose Productivity Growth Is Already Up

The main claim of proponents of the Republican tax bill is that lowering corporate taxes will lead to a surge in corporate investment. This is supposed to lead to more rapid productivity growth and therefore higher wages. As those of us who are fond of data have pointed out, the world doesn’t seem to work […]
T-Note Yield – Friday, November 10

T-Note Yield – Friday, November 10

T-Note yields have broken first long-term downtrend and need another 15bps to break a second one. This will be bearish for T-Notes. Source: INVESTING.com
The Hidden Political Risks In The Australian Dollar

The Hidden Political Risks In The Australian Dollar

For Australian dollar speculators, assessments of political risk are usually limited to developments within the country. Last month, the stability of the ruling government was called into question after the deputy prime minister and four senators were disqualified from holding office due to maintaining dual citizenship. Following Deputy Prime Minister Barnaby Joyce’s disqualification, the government […]
The Saudi Solution

The Saudi Solution

Risks of war may be on the rise after Saudi Arabia told all its citizens not to travel to Lebanon and urged those that are in the country to leave as soon as possible. The tensions are rising after the Lebanese Prime Minister Saad Hariri resigned in Saudi Arabia but is now currently missing and […]