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No Suggestion Of Growth, Only L

No Suggestion Of Growth, Only L

In 1979, Chinese Premier Deng Xiaoping designated four areas as Special Economic Zones (SEZ). Three were located in Guangdong Province, the southeastern region that wraps around the city of Hong Kong. One of those, situated just on the other side of the water from the then-British controlled jurisdiction, Shenzhen would be transformed from a sleepy […]
J&J Tops Q1 Earnings Estimates, Raises Sales Guidance

J&J Tops Q1 Earnings Estimates, Raises Sales Guidance

Johnson & Johnson (JNJ – Free Report) kicked off 2018 pharma earnings on a strong note, beating the Zacks Consensus Estimate on both counts in the first quarter of 2018. The drug and consumer products giant upped its previously issued sales outlook for 2018. Shares were up around 1% in pre-market trading. This year so far, J&J’s shares […]
Goldman Gives Up Early Gains As CFO Sees No Buybacks In Q2

Goldman Gives Up Early Gains As CFO Sees No Buybacks In Q2

Blowout earnings were not enough to keep Goldman Sachs green as while everything looked ‘awesome’ before the bell, when Goldman’s CFO Martin Chavez told investors on the call that there will be no share repurchases in Q2, he spoiled the party… *GOLDMAN CFO SAYS NO SHARE REPURCHASES SEEN FOR SECOND QUARTER Investors seemed not to like that […]
New Residential Housing Starts Up In March

New Residential Housing Starts Up In March

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for March new residential housing starts. The latest reading of 1.319M was above the Investing.com forecast of 1.290M and an increase from the previous month’s revised 1.295M. Seasonally adjusted figures were revised going back to January 2012. Here is the […]
Gold: A Thousand Dollar Rally?

Gold: A Thousand Dollar Rally?

Sales and profits growth for key Asian gold jewelers continues to set the stage for an imminent and massive mining stocks rally. Double-click to enlarge this fabulous Chow Tai Fook chart.  A major breakout to the upside is in play, and where Chinese jewelers go on the price grid, Western miners are likely to follow. Some […]
The Greatest Investments In Perspective

The Greatest Investments In Perspective

A fascinating chart, particularly when you see how swiftly bitcoin moved. 
AUD/USD Pops As RBA Minutes Show Board In Favor Of Rate Rise As The Next Move

AUD/USD Pops As RBA Minutes Show Board In Favor Of Rate Rise As The Next Move

Meeting Minutes Bring Surprise With the RBA having kept rates unchanged for 18 consecutive policy meetings, marking the longest stretch that rates have remained static in the bank’s history, the release of the latest RBA meeting minutes were not expected to deliver any new information. However, the April RBA minutes show board in favor of Rate […]
Housing Starts And Permits Rebound In March But Strength Entirely Multi-Family

Housing Starts And Permits Rebound In March But Strength Entirely Multi-Family

Housing starts rose 1.9 percent in March led by multi-family. Single-family starts dipped 3.7 percent. The Census Bureau’s New Residential Construction report shows a rebound of new housing activity in March. Building Permits: Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,354,000. This is 2.5 percent above the revised […]
A Cocoa Surprise: Prices Spring Back To Life

A Cocoa Surprise: Prices Spring Back To Life

In commodities, the time to get bullish is usually when prices are pressuring the industry and sentiment is persistently and deeply negative. The time to get bearish is usually when prices are skyrocketing, industry participants are celebrating wondrous fortunes, and sentiment is as euphoric as can be. Since I am long-term bullish on cocoa, I […]
Dow Breaks Above Critical Technical Level Amid Nasdaq Buying-Panic

Dow Breaks Above Critical Technical Level Amid Nasdaq Buying-Panic

Nasdaq is roaring higher today on the heels of ponziflix netflix results and the rest of the excited US equity markets are following. The Dow is back above its 100DMA despite Goldman being down on the day… But bonds still ain’t buying it…