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Archives by Year:
Weak Nasdaq Leaves Biotech Stocks Stalled
Biotechs Stalled at Resistance Given No Help From Nasdaq Mixed Day in Biotech Favoring Large Caps Political Drama Intervenes Again The XBI traded down 1% to $95.94 at its key resistance level while the Nasdaq was down about the same and the QQQ down slightly more 1.36% to $171.71 near it’s all time high of $175.21. A rally at […]
This Is What A Broken Market Looks Like: No One Traded 10Y JGBs On Tuesday
You know, I saw this yesterday and I wasn’t going to dedicate a separate post to it, but I think I will because if nothing else, it’s absurd and readers seem to like things that are absurd (like “Space Force“, for instance). Early yesterday morning, I tweeted this: Lol. Japan 10-Year Govt Bonds Untraded for […]
Bitcoin; Risky Business Price Point In Play Here
Bitcoin remains is a solid bull trend as it has spent the majority of the past 6-years inside of rising channel (1). A couple of months ago it hit the top of the rising channel when it was trading around 20,000 and weakness started. Over the past year, Bitcoin has been creating what looks to […]
Should You Buy Lincoln Electric At This PE Multiple?
Lincoln Electric Holdings, Inc. (NASDAQ: LECO) trades at a P/E multiple of 24.7x, which is higher than the Industrials sector median of 22.9x. While this makes LECO appear like a stock to avoid or sell if you own it, you might change your mind after gaining a better understanding of the assumptions behind the P/E ratio. […]
Wages: Same As It Ever Was?
With the second jobs report for 2018 now in the books, investors have once again witnessed a similar tale: solid job growth but no real progress on the wage front. This dynamic has certainly perplexed the money and bond markets, and I’m sure Federal Reserve (Fed) chair Jerome Powell was scratching his head as well. In fact, […]
February Producer Price Index: Final Demand Up 0.2% MoM
Today’s release of the February Producer Price Index (PPI) for Final Demand came in at 0.2% month-over-month seasonally adjusted, down from last month’s 0.4%. It is at 2.8% year-over-year, up from 2.7% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) also came in at 0.2% MoM, down from the […]
Stagflation And Gold Chart Analysis
We perform technical analysis of the charts using candlestick charting. Indicators used are the relative strength indicator as well as the stochastic. We are very bullish on the gold stocks and very bearish on the US Dollar.
The Dollar Index Edges Lower Following CPI Data And Rexit
The dollar index fell following yesterday’s decision by President Trump to fire his Secretary of the State. This came as the bureau of labor statistics released a report showing that inflation had edged lower but in line with what analysts were expecting. The Month over Month (MoM) Core CPI rose to 0.2% while the annualized […]
Profiling Correlations For The Major Asset Classes – Part 1
The case for holding a portfolio that’s diversified across markets and asset classes is built on the assumption that return correlations will remain below 1.0 (perfect positive correlation) by more than a trivial degree. To the extent that you own assets that move independently of one another you’ll reap the rewards of diversification, which is […]
Broadcom Withdraws Offer To Acquire Qualcomm
Broadcom (AVGO) announced that it has withdrawn and terminated its offer to acquire Qualcomm (QCOM) and has withdrawn its slate of independent director nominees for Qualcomm’s 2018 Annual Meeting of Stockholders. Broadcom today issued the following statement: “Although we are disappointed with this outcome, Broadcom will comply with the Order. Broadcom will continue to move […]
