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TGIF – Closing Out A Weak Week For The Markets

TGIF – Closing Out A Weak Week For The Markets

Not just a weak week but a weak 45 days since February. After testing our 30% line on the S&P 500 at 2,860 at the end of January, we plunged down to our 20% line at 2,640 in early Feb and now, 5 weeks later, we have struggled to hold the 25% line, which has now […]
Barclays Lowers Apple Estimates, Price Target After Visiting Asia Suppliers

Barclays Lowers Apple Estimates, Price Target After Visiting Asia Suppliers

“The lone trouble spot is smartphones, while most other segments appear to be in good shape,” Barclays analyst Mark Moskowitz tells investors in a research note after visiting a group of Asia supply chain companies. For the smartphone market, suppliers expect limited to no unit growth in 2018, the analyst adds. For Apple (AAPL), iPhones […]
Gold, US Dollar & Kudlow

Gold, US Dollar & Kudlow

(Video length 00:12:03) In today’s commentary, we discuss the inappropriate remarks of Economic Adviser Larry Kudlow with his call to “sell gold and buy the US Dollar”. While Larry is a nice guy he is no technical analyst of stocks, commodities or of currencies. Larry should stick with his conservative long-term strategic strengths and avoid […]
EUR/USD: Drop On The Hourly Timeframe Still Incomplete

EUR/USD: Drop On The Hourly Timeframe Still Incomplete

Previous: On Thursday the 16th of March, trading on the euro closed down. The US dollar yesterday made gains against all the majors. Demand for it increased after the publication of US economic data. The US posted a rise in import prices, a decline in initial jobless claims, and a significantly higher-than-expected value on the Fed’s […]
Dollar Strength Is Hiding In Plain Sight, And One Strategist Says It’s Here To Stay

Dollar Strength Is Hiding In Plain Sight, And One Strategist Says It’s Here To Stay

Overnight, the yen rose against all its G10 peers because Donald Trump has lost his mind completely and is now firing everyone in sight. On Thursday evening, the Washington Post reported that a “very stable genius” called “Dennison” is now planning on ridding himself of national security adviser H.R. McMaster who, according to some accounts, once called Trump an […]
“We Have Moved To Sell The Rebounds”: Dollar Slides, Futures Fade Amid Political Turmoil

“We Have Moved To Sell The Rebounds”: Dollar Slides, Futures Fade Amid Political Turmoil

After four consecutive days of failed upside breakouts in the S&P, some have noticed a change in sentiment, and as Georg Schuh, CIO of Deutsche Asset Mgmt told Bloomberg, “we have moved our view on stocks from ‘buy the dips’ to ‘sell the rebounds’.” adding that “I’m not ruling out one final peak in stocks, but we’re […]
Exportable

Exportable

Oil and product prices are putting in what should be a major seasonal bottom as global oil demand surges and the U.S. Petroleum Industry looks to fill the globe’s needs. In fact, the U.S. petroleum industry is doing their part to try to reduce the trade gap by exporting record amounts of oil and products. […]
Sensex Plunges 500 Points; Metal & Energy Stocks Continue To Fall

Sensex Plunges 500 Points; Metal & Energy Stocks Continue To Fall

Indian share markets continued to witness further selling pressure in the afternoon session with financial and energy stocks taking the brunt as fears of a trade war due to the imposition of US tariffs preyed on global markets. At the closing bell, the BSE Sensex closed lower by 509 points and the NSE Nifty finished lower by 165 points. The S&P BSE Mid Cap finished down […]
Apollo Global Seeks Sovereigns

Apollo Global Seeks Sovereigns

The Financial Services sector includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurances, Savings, and all such financial concerns. Today I’m reviewing an alternative-asset management company. It’s a large-cap stock, Apollo Global Asset Management LLC It’s trading ticker symbol is APO.  Apollo Global Management LLC invests […]
Improved Earnings Growth Expectations Broadly Reduce PEG Ratios

Improved Earnings Growth Expectations Broadly Reduce PEG Ratios

Before passage of The Tax Cuts and Jobs Act in December, earnings growth for the S&P 500 was expected to be low double digits in calendar year 2018. Since passage of tax reform, a significant improvement in earnings growth expectations has occurred. The below table shows I/B/E/S earnings growth expectations in October by sector and […]