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Stocks Rally Off The 200 Day Moving Average
Stocks Have A Huge Reversal The stock market reversed sharply on Monday. The S&P 500 was up 2.72% as it bounced off the bottom of the recent range. As you can see from the chart below, it also bounced off the 200 day moving average which was hit on Friday. As I said last week, the […]
Consumer Confidence Sinks As Stock Market Hope Plunges To Trump Election Lows
Having shrugged off stock market volatility in February, with present situation confidence buoyed by tax reform hope, Conference Board Consumer Confidence slipped in March (and missed expectations). February’s headline data was an 18 year high, so this remains an extreme level of confidence… Both current and future expectations also slid lower in March: “Consumer confidence declined moderately […]
Should Investors Be Worried About Apple Inc.’s Declining ROE?
Apple Inc. (Nasdaq: AAPL) generated an excellent return on equity of 37.1% over the past twelve months, while the Information Technology sector returned 3.8%. While Apple’s performance is highly impressive relative to its peers, it’s useful to understand what’s really driving the company’s strong ROE and how it’s trending. Understanding these components may change your views […]
Bear Of The Day: Mattel
Headquartered in El Segundo, CA, Mattel (MAT – Free Report) is one of the world’s largest manufacturer of toys. Their portfolio includes Barbie, Hot Wheels, Monster High, American Girl, Thomas & Friends and Fisher-Price brands. They employ approximately 32,000 people in 40 countries and sell products in more than 150 countries. Weak Results Lead to Falling Estimates The company […]
Euro Sinks After Disappointing Surveys
The common currency Euro had earlier struck a fresh 5-week peak versus the US Dollar as concerns that a global trade war had been brewing now seem to be receding. That had pushed investors to flock back into higher yielding assets which provided the Euro with solid gains since Monday. The latest data from the […]
Buy Bank, Gold, & Silver Stocks
I’ve predicted that in 2018 the US stock market would suffer a series of crashes somewhat akin to the 1987 event, but smaller in size. Clearly, these mini-crashes are starting to happen. Having said that, I haven’t sold any of my US bank stocks and I have no plans to do so. To understand why […]
Richmond Fed Manufacturing Survey Slows In March 2018
Of the five regional Federal Reserve surveys released to date, all are in expansion. Analyst Opinion of Richmond Manufacturing The important Richmond Fed subcategories significantly decelerated, The internals are much worse than last month. Market expectations from Bloomberg / Econoday was 15 to 28 (consensus 22). The actual survey value was 15 [note that values […]
The Neoconservatives Are Back And World War III Edges Closer As Trump Appoints Hawk John Bolton
Credits: Tasos Katopodis/Stringer/Getty Images World War III Approaches as Trump Replaces McMaster with Hawk John Bolton With the appointment of a veritable dream team (or nightmare ensemble, if you prefer) of hawks to key national security posts, should we expect more wars of choice in the next few years, or even months? John Bolton, a […]
EUR/USD Does Not Have Much Support After The Fall
According to the Technical Confluences Indicator, the EUR/USD may find solid support only at around $1.2330. The area is a dense cluster of technical lines: Fibo 38.2% 1w, the SMA200-h1, the SMA50-4h, the SMA200-4h, the SMA5-1d, Bolinger Band 1d-Middle Stdv 2.2, the Fibo 38.2% one month, the SMA10-1d, and the SMA50-1d. The significant confluence makes it a […]
Aggregate National Manufacturing Indicator Using The 5 Regional Fed Surveys
The data dates back to 2004, when the Dallas Fed data was introduced. Today, with the release of the Richmond Fed’s manufacturing data, we now have all five March releases. There are some interesting trends. For instance, the current composite (a simple average of all categories except for prices, workweek, and capex) declined on the […]
