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May 2017 Cash Deficit: $107B

May 2017 Cash Deficit: $107B

The May 2017 Cash Deficit came in at $107B. That may not look great YOY, but the big expense spike was timing related, and expected. On the revenue side, we got a $20B bump from the FCC…I’m assuming spectrum auction revenues, and otherwise solid revenues with an additional business day as well… Put it together […]
Gold Miners Weak But Not Oversold

Gold Miners Weak But Not Oversold

If looking at Gold only in a vacuum, it looks good. Its uptrend since the start of the year remains intact and it has pushed above its 50 and 200-day moving averages. It closed the week at $1280/oz and could test $1300 next week. But looks can be deceiving. Considering the US Dollar index closed […]
Aussie Hit By China PMI

Aussie Hit By China PMI

The Aussie Dollar was put under some pressure after the release of China’s PMI results show an unexpected shrinkage in manufacturing activity last month. The Caixin survey showed a reading of 49.6 in May, down from 50.3 in April and off the analysts’ forecasts of a decline to 50.1. For reference, any reading below the […]
Helmerich & Payne: 5%+ Dividend Yield From A High-Quality Oil Stock

Helmerich & Payne: 5%+ Dividend Yield From A High-Quality Oil Stock

The oil and gas industry has long been associated as a ‘boom-and-bust’ business. Big Oil was riding high from 2010-2014, as oil prices jumped above $100 per barrel in the U.S. But the good times abruptly ended, as new drilling technologies enabled robust production growth. This has dragged oil prices down since then, which has […]
Stocks Finish Week Higher Despite Paris Accord Flap, Job Growth Slowdown

Stocks Finish Week Higher Despite Paris Accord Flap, Job Growth Slowdown

Stocks advanced this week and the major averages closed at record high levels despite data that showed wage growth and hiring missed forecasts in May. Additionally, a number of U.S. CEOs expressed their dissatisfaction with President Trump’s decision to withdraw the U.S. from the Paris climate agreement, with two high-profile ones citing the withdrawal as […]
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                        Trump And The Big Renewable Energy Effort

E Trump And The Big Renewable Energy Effort

With Donald Trump in the news for pulling out of the Paris Accord, we should look at this global move to renewable energy, and be concerned. Awhile back I wrote about the uselessness of self driving auto. It was pretty easy to prove the wasted efforts there. But the Renewable Energy effort is more complex to decipher.  […]
Weekly Capital Markets Technical Analysis Summary: June 2, 2017

Weekly Capital Markets Technical Analysis Summary: June 2, 2017

Stocks: US Equity indexes continued to make new highs, with exception of the Transports which are attempting a key bullish reversal after a recent price correction. Russell-2000 small caps also failed to achieve a new high and may be encountering some resistance. Lately, the real standout has been the interest rate sensitive Utilities index, which cleared […]
EUR/USD Forecast June 5-9 2017

EUR/USD Forecast June 5-9 2017

EUR/USD made an attempt to move higher but never went too far. The highlight of the upcoming week is the ECB decision. Will Draghi upgrade the assessment?  Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. ECB President Mario Draghi kept things balanced when expressed optimism about growth but worries about […]
ETF Investors Think June Rate Hike Baked In, Eyeing Shorts On Gold Rally

ETF Investors Think June Rate Hike Baked In, Eyeing Shorts On Gold Rally

On a day when the US unemployment numbers showed a noticeable number of people leaving the workforce amid a pale 138,000 jobs created – expectations were for 185,000 jobs — traders are nonetheless preparing for a 25 basis point increase in the Fed Funds June rate hike. Traders expect June Rate Hike Financial analytics firm S3 Partners, Ihor Dusaniwsky, […]