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March 2017 Headline Industrial Production Was Up, Manufacturing Down

March 2017 Headline Industrial Production Was Up, Manufacturing Down

The headlines say seasonally adjusted Industrial Production (IP) strongly improved, but headline manufacturing unexpectedly declined. Our view is similar to the headlines. Analyst Opinion of Industrial Production The market expected improvement this month in industrial production. Utilities were the wobble this month as it strongly improved whilst manufacturing surprisingly fell and mining insignificantly improved. This […]
RBC: We Are “Losing The Impulse”

RBC: We Are “Losing The Impulse”

Having held on to hope that the reflationary impulse would sustain the adverse series of events and geopolitical shocks over the past two weeks, RBC’s head of cross-asset strategy Charlie McElligott is ready to throw in the towel, driven by what we have been pounding the table on for the past three months, namely the […]
French Election Concerns Send Sterling Higher

French Election Concerns Send Sterling Higher

The Pound Sterling was higher across-the-board on Tuesday, and hit an 8-week peak versus the common currency Euro. Investors are jittery about the upcoming first round of voting in France’s presidential election, with the latest poll showing all four contenders in a statistical dead heat. Earlier polls had suggested that the first round of voting […]
4 Breakout Stocks Offering Amazing Returns

4 Breakout Stocks Offering Amazing Returns

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Possibly one of the most preferred methods for those using an active investing approach, selecting breakout stocks promises substantial returns. This approach involves identifying those stocks whose prices are varying within a narrow […]
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                        Characteristics Of US Minimum Wage Workers

EC Characteristics Of US Minimum Wage Workers

As a factual backdrop for the ongoing arguments about whether or how much to raise the minimum wage, a useful starting point is the most recent version of the annual report from the US Bureau of Labor Statistics on “Characteristics of Minimum Wage Workers, 2016” (published April 2017). It begins: “In 2016, 79.9 million workers age 16 […]
JPMorgan Ups Netflix Target To $178 Following Q1 Results

JPMorgan Ups Netflix Target To $178 Following Q1 Results

JPMorgan analyst Doug Anmuth raised his price target for Netflix (NFLX) shares to $178 from $175 following last night’s Q1 earnings report. The stock in premarket trading was down 25c to $147.00. While content timing can shift subscriber additions quarter by quarter, the underlying secular trend toward Internet TV “remains very strong,” Anmuth tells investors […]
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                        Large Cap Best And Worst Stocks – Tuesday, April 18

E Large Cap Best And Worst Stocks – Tuesday, April 18

The best large cap sector is utilities. The top scoring industry is cigarettes. The average large cap score is 58.16 and the score over the past four weeks averages 60.96. The typical large cap stock in our universe is trading -12.09% below its 52 week high, 2.21% above its 200 dma, has 2.56 days to […]
EUR/USD Breaks Resistance And Continues Retracement To 1.0750

EUR/USD Breaks Resistance And Continues Retracement To 1.0750

EUR/USD 4 hour The EUR/USD broke above the resistance trend line (dotted red) as expected which could signal a larger retracement within wave 2 (brown). Price could head back to 1.0750-1.0775 at the 50-61.8% Fibonacci levels. 1 hour The EUR/USD break above the resistance trend line (dotted orange) which could trigger the development of an […]
Dead Cat Bounce Trade

Dead Cat Bounce Trade

Bear trap in the form of a dead cat bounce Yesterday proved that trying to play the short side of this market so far this month and not aggressively taking gains along the way was a futile approach. With just yesterday’s dead cat bounce, the market managed to wipe out a majority of the losses […]
Factory Output Tumbles In March – This Has Never Happened Outside Of Recession

Factory Output Tumbles In March – This Has Never Happened Outside Of Recession

US Industrial Production peaked in November 2014 and remains down almost 2% from those record highs (despite surging stocks). This has never happened without the US economy being in recession in history. While Industrial production headlines met expectations, factory output for March plunged 0.4% – the biggest drop since Feb 2015. Still who needs ‘production’ when we have Snapchat […]