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BoE To Maintain A Dovish Stance; GBP Not Oversold Yet

BoE To Maintain A Dovish Stance; GBP Not Oversold Yet

The pound dropped quite sharply in a belated reaction to the end of the legal process. Brexit is in the hands of Theresa May now. What’s next? The next risk event is the BOE. Here is their view, courtesy of eFXnews: Credit Agricole CIB Research expects the BoE to stay on the dovish side this week linking its […]
4 Strong Buy Staffing Stocks On Blowout Job Creation

4 Strong Buy Staffing Stocks On Blowout Job Creation

The year is off to a sizzling start for job creation. Employers added almost half a million jobs in the first two months of 2017, the best back-to-back performance since last summer. Not only were workers hired at a robust pace, unemployment came down and wages scaled higher. The number of people losing jobs is […]
Rocking With Energy

Rocking With Energy

Back on February 10, I wrote a post called Lake Erie, and I did a post for my beloved Slope Plus members called Return to Lake Erie, in which I suggested that energy stocks were going to head lower, and noted I was going to buy the triple-bearish ETF symbol ERY (my precise words on February 10th were Yesterday I […]
Oil Supply Remains Resilient, Prices Heavy

Oil Supply Remains Resilient, Prices Heavy

Oil prices are lower for the seventh consecutive session. Light sweet crude prices had fallen 10.3% over the past two weeks, and with today’s losses are off another 1.6% already this week. There are two main considerations. The imbalance between supply and demand has not adjusted as much as expected, and the market positioning is […]
Crude Plunges (Again) As Saudis Reverse 1/3 Of January Cuts, “Steve” Stunned

Crude Plunges (Again) As Saudis Reverse 1/3 Of January Cuts, “Steve” Stunned

Earlier this morning, we noted that crude had put the brakes on a six day slide. “The market is beginning to turn its attention to Wednesday with the Fed and the EIA reports,” Ole Hansen, head of commodity strategy at Saxo Bank said, adding that “[everyone] is still nervous but we are retracing a bit after that selloff.” Or, […]
How Negative Sentiment Will Continue To Drive The Market Higher

How Negative Sentiment Will Continue To Drive The Market Higher

As I noted two weeks ago as we were striking the 2400 region on the S&P 500 (SPX):  “As we now find ourselves striking our target of 2400-2440SPX, now is the time to emotionally prepare yourself for a ‘pullback.'” Since that time, the market has been consolidating lower. In just the last 24 hours on Seeking […]
US Producer Prices Spike At Fastest Rate In 5 Years

US Producer Prices Spike At Fastest Rate In 5 Years

With tomorrow’s rate hike baked in the cake, today’s hotter than expected PPI print for February provides Yellen more cover (as economic growth forecasts slump). PPI Final Demand surged 2.2% YoY (more than expected) driven by a 4.0% YoY jump in final demand goods. This is the highest inflationary print since March 2012. Final Demand Energy […]
While We Wait…

While We Wait…

While we wait on this week’s big events, which include the FOMC announcement and Janet Yellen press conference Wednesday afternoon, the election results in the Netherlands, meetings of the Bank of Japan, the Bank of England, and the Swiss National Bank on Thursday, and the Brits triggering Article 50 to initiate the BREXIT, I thought […]
Miners Rallied Nicely Further Endorsing Interim Lows

Miners Rallied Nicely Further Endorsing Interim Lows

Miners rallied nicely yesterday, further endorsing interim lows. However, gold and silver are yet to establish proper swings and the potential for a decline after the Fed meeting remains. In the Weekend Newsletter, I noted how gold and silver had a tendency to bottom shortly after the rate hike. The odds for a rate hike have risen […]
The 3 Worst-Performing Dividend Achievers So Far This Year

The 3 Worst-Performing Dividend Achievers So Far This Year

Dividend growth investing is one of the best ways to build wealth over the long-term. But sometimes, stocks go down. This is the trade-off to investing in the stock market. An investor needs to resist the urge to sell, even during market downturn. To be fair, this is no easy task. It is very difficult […]