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The Spotify Deal

The Spotify Deal

Call it what you will (IPO, DPO, simple listing) but Spotify (NYSE: SPOT) will begin trading in the public markets on April 3rd. The shares have a trading and price history that the company includes in their prospectus – they place a high emphasis on “transparency” in their corporate culture. Spotify is a company we’ll be following since […]
Is The Stock Market Cheap? – Monday, April 2

Is The Stock Market Cheap? – Monday, April 2

Here is the latest update of a popular market valuation method using the most recent Standard & Poor’s “as reported” earnings and earnings estimates and the index monthly average of daily closes for the past month. For the earnings, see the table below created from Standard & Poor’s latest earnings spreadsheet. TTM P/E ratio = […]
Disney Down After Announcing Specifics For ESPN+ Streaming Service

Disney Down After Announcing Specifics For ESPN+ Streaming Service

Disney (DIS) is lower in afternoon trading after announcing the launch date and pricing of its long discussed ESPN+ streaming service. LEAD UP: Disney and its ESPN network have been dealing with an evolving media landscape, including an exodus of subscribers due to cord cutting and changing television viewing habits, with Nielsen stating that ESPN […]
Chart Of The Week: Gold And Real Yields

Chart Of The Week: Gold And Real Yields

This week it’s gold and real yields. A really important thing happened with interest rates in November last year which should be front of mind for investors thinking about gold. It is a reasonably well established understanding that gold prices trade inversely to real yields, and I’ll explain why shortly. What happened in November last year […]
Bullish Setups For That Eventual Bottom

Bullish Setups For That Eventual Bottom

Stock Market has yet to see anyone even remotely try and buy the dip There isn’t insane volume sweeping the market today, like what we saw back in February, but the extent of this sell-off is quite extreme, especially for one day. There is plenty of news headlines hitting the market hard today, which is […]
March 2018 Manufacturing Survey Growth Little Changed

March 2018 Manufacturing Survey Growth Little Changed

Written by Steven Hansen The ISM Manufacturing survey insignificantly declined and remained in expansion. The key internals are in expansion. The Markit PMI manufacturing Index is in positive territory and insignificantly improved. Analyst Opinion of the ISM Manufacturing Survey Based on these surveys and the district Federal Reserve Surveys, one would expect the Fed’s Industrial Production […]
College Students Could Be Hit Hard By The Next Bitcoin Market Crash

College Students Could Be Hit Hard By The Next Bitcoin Market Crash

iStock/Oksana_Bondar Apparently SAT tests, which are like IQ tests in principle, don’t account for excessive risk taking. Where’s the evidence for this? Cryptocurrencies offer a hint. You see, over the past few months, more than one-fifth of American college students have invested their student loans in cryptocurrencies like bitcoin. The bitcoin market is heading for […]
GBP/USD And British Pound Futures Seasonality – Best Times Of Year To Buy And Sell

GBP/USD And British Pound Futures Seasonality – Best Times Of Year To Buy And Sell

Learn the times of the year when the GBPUSD and British Pound FX futures tend to do well and poorly, based on historical tendency. Normally we view charts in chronological order, day after day and year after year. This chart type shows the price path of a currency over time and provide a lot of information […]
Yield Curve Targeting

Yield Curve Targeting

One of the biggest stories in finance and economics in 2018 is the flattening yield curve. It has been flattening for a few years, but now it is coming close to an inversion as we have detailed previously. The latest difference between the 10-year treasury yield and the 2-year treasury yield is only 47 basis points. […]
Trump Tweets Market To Worst Q2 Start In 89 Years

Trump Tweets Market To Worst Q2 Start In 89 Years

Congratulations are surely in order on Monday. Donald Trump has succeeded in tweeting the market to its worst start to a second quarter since the Great Depression – that’s “Great Depression” with a “D” not “Great Recession” with an “R”:   That’s right folks, we’re on pace for the worst Q2 opening day in nearly […]