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Japan Rocked By Violent Stock Plunge As Nikkei Tumbles 850 Points Before Recovering Losses

Japan Rocked By Violent Stock Plunge As Nikkei Tumbles 850 Points Before Recovering Losses

Something snapped in Japan today. With Asian stocks finally breaking out a decade-long doldrum, and hitting record highs earlier in the session, and with Japanese equities starting off the session on the right foot and continuing their recent ascent which until Wednesday had seen them rise on 23 of the past 25 days, Japanese shares […]
WTI Crude Oil And Natural Gas Forecast – Thursday, Nov. 9

WTI Crude Oil And Natural Gas Forecast – Thursday, Nov. 9

WTI Crude Oil The WTI Crude Oil market initially rallied on Wednesday, breaking towards the $58 level. We turned around to form a shooting star though, so I think that perhaps the over-extended WTI market will start to roll over, perhaps reaching towards the $55 level underneath. There is a significant amount of support just […]
3 Best Inexpensive Technology Mutual Funds For 2018

3 Best Inexpensive Technology Mutual Funds For 2018

As of yesterday, earnings for the Zacks Computer and Technology sector were up +23.3% from a year ago, with revenues up +10.9%.This amazing performance is not expected to be an isolated to Q3 17, as current estimates are pointing to double digit growth over the next three quarters as well.Within the tech sector, the three […]
AUD/USD Daily Analysis – Thursday, November 9

AUD/USD Daily Analysis – Thursday, November 9

AUD/USD failed to break below 0.7624 support and stayed in a trading range between 0.7624 and 0.7729. The range trading could be expected to continue in a couple of days and a break of 0.7685 level could trigger another rise towards 0.7729. However, the price action in the trading range is likely a consolidation of […]
Sensex Finishes Flat; Consumer Durables & Bank Stocks Gain The Most

Sensex Finishes Flat; Consumer Durables & Bank Stocks Gain The Most

Indian share markets finished the trading day marginally higher amid mixed international indices. At the closing bell, the BSE Sensex closed higher by 32 points and the NSE Nifty finished up by 6 points. The S&P BSE Mid Cap finished up by 1% while S&P BSE Small Cap finished up by 0.8%. Gains were largely seen in consumer durables stocks, power stocks and bank stocks. Pharma stocks and auto stocks finished in […]
Asian Stocks Surpass 2007 Peak, Hit Record High As Chinese Inflation Comes In Hot

Asian Stocks Surpass 2007 Peak, Hit Record High As Chinese Inflation Comes In Hot

China’s factory prices (PP) jumped last month despite authorities’ continued attempts to curb industrial production to combat pollution. China’s PPI rose 6.9% in October Y/Y, higher than the projected 6.6% while consumer prices climbed 1.9%, also higher than the median forecast of 1.8%, and above last month’s 1.6% Y/Y increase. As Bloomberg notes, during last […]
A Safe 11.5% Yield… But For How Long?

A Safe 11.5% Yield… But For How Long?

One of the most requested stocks for me to look at in the Safety Net column is New Residential Investment Corp. (NYSE: NRZ). Its fat 11.5% yield is very attractive to income investors. But can a yield that high be trusted? I last looked at the stock in March. It received a surprisingly high rating of B for dividend […]
Too Safe To Fail: Implied Default Rate For European Junk Bond Is Negative 1.1%

Too Safe To Fail: Implied Default Rate For European Junk Bond Is Negative 1.1%

Apparently, European junk bonds are too safe to fail. Fundstrat Global Advisors’ Thomas Lee says the market-implied default rate for a European junk bond sits at a negative 1.1%. Please consider Investors Price European Junk Debt as Too Safe to Fail, Thanks to Funky Bond Math. The market’s expectation for an average European high-yield bond to […]
EUR/USD: Increased Risk Of Rising To 1.1660

EUR/USD: Increased Risk Of Rising To 1.1660

Previous: On Wednesday the 8th of November, trading on the euro/dollar currency pair closed slightly up. The euro traded against the dollar within a narrow range of 1.1579 to 1.1611 (32 pips). During the US session, sellers tried to break the 1.1580 support, but fell short. The price then restored to 1.1599. The main reason for […]
Uncertainty Remains In The Market

Uncertainty Remains In The Market

The majors continue to show mixed results. Yesterday, the dollar index (#DX) closed the trading session with a slight decrease (-0.03%). The Canadian dollar got support due to optimistic reports on the real estate market. Investors are still waiting for new information on the tax reform in the US and the Fed’s new chairman. Today, […]