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1% Swings Surge

1% Swings Surge

While the S&P 500 futures market occupied a relatively narrow range overnight, now that the US is trading there have been some more big swings intraday. After trading up at the open, stocks lost almost 1% through mid-morning lows. They then rallied more than 1.1% and have since pulled back again. That kind of intraday […]
USD/CAD Short Advances On NAFTA Talks

USD/CAD Short Advances On NAFTA Talks

The United States, Mexico, and Canada have made significant advances on reworking the North American Free Trade Agreement and ministers will meet in the coming days to determine the scope to agree on the basics of a deal, Mexico’s economy minister said. This is how MyFXspot.com trades today: EUR/USD Trading strategy: Buy Open: 1.2220 Target: […]
A Perspective On Secular Bull And Bear Markets – Tuesday, April 3

A Perspective On Secular Bull And Bear Markets – Tuesday, April 3

Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? At this point, nine years later, the S&P 500 has set a series of inflation-adjusted record highs based on monthly averages of daily closes. Let’s examine the past to broaden our understanding of the range of […]
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                        Nucor: A Steel Trade We Like

E Nucor: A Steel Trade We Like

You may not be aware, but Nucor (NUE ) is the largest mini-mill steelmaker using electric arc furnaces to melt scrap steel to produce its products. So, when people are bringing their scrap metal to junkyards, Nucor is the type of company buying that metal in bulk from the yards to put it through the […]
EUR/CAD Carnage Cracks Clear Trend Line

EUR/CAD Carnage Cracks Clear Trend Line

It’s a “King CAD” kind of day in the FX market, with the loonie rallying against all of her major rivals. The proximate catalyst is (wait for it) the latest scuttlebutt about the North American Free Trade Agreement (NAFTA). The currency has been whipsawing back and forth based on the latest NAFTA headlines for months, […]
A Look At The US Dollar And Long-Term Yields

A Look At The US Dollar And Long-Term Yields

(Audio length 00:09:48) Doc joins me today to comment on the USD and 10-year yield. For the USD we assess if a breakout to the upside is more likely than a breakdown below the 88 level. For yields, Doc continues to think a move higher over the course of the year will happen.
Time To Buy Continental Resources, Inc?

Time To Buy Continental Resources, Inc?

Shares of Continental Resources, Inc. (NYSE: CLR) are receiving a lot of investor interest as of late due to the stock’s 19.1% increase over the last month. Shareholders are now asking themselves whether the company’s current stock price is reflective of its true value or if shares have even further upside from here. Let’s take a look […]
Tesla Rises After ‘Good Enough’ Update Includes Pledge Of No 2018 Capital Raise

Tesla Rises After ‘Good Enough’ Update Includes Pledge Of No 2018 Capital Raise

Shares of Tesla (TSLA) are on the rise after the electric carmaker reported an uptick in Model 3 output, but still short of CEO Elon Musk’s goal of 2,500 vehicles a week. Tesla also said it will not require an equity or debt raise this year. Following the announcement, Baird analyst Ben Kallo told investors […]
Fed Launches SOFR: Alleged Replacement For $350 Trillion LIBOR Market

Fed Launches SOFR: Alleged Replacement For $350 Trillion LIBOR Market

The Fed hopes to move contracts to SOFR, away from the volatile, yet massive LIBOR market. First Steps A Libor Replacement Project is underway. Regulators around the globe began work on replacements for Libor, the London interbank offered rate, well before the U.K.’s Financial Conduct Authority sought to put the beleaguered interest-rate benchmark out of its misery. […]
Plugging the cannabis knowledge gap

Plugging the cannabis knowledge gap

The legal cannabis industry is a unique prospect for those looking for a potentially lucrative investment opportunity. In 2017, sales in the US state of Colorado reached $1bn in just eight months, a 21 percent increase from the same period in the previous year. According to Statistics Canada, Canadians spent around CAD 5.7bn ($4.5bn) on […]