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Archives by Year:
What Tesla Can Teach Us About The High-Yield Bond Market
Tesla may be a great company that builds exciting cars, but we wonder if investors are being compensated enough to lend Tesla money. Given its current state of production, Tesla burns mountains of cash and has routinely undershot guidance on delivering cars to eager customers. As a result, free cash flow has been negative since the inception […]
Respite To Dollar Short Squeeze
The euro bounced after being drilled to support in the $1.1930 area post-FOMC yesterday. The recovery has not been derailed by a shocking miss on the preliminary April CPI. Headline CPI slipped to 1.2% from 1.3%, but the more meaningful miss was the slump in the core rate to 0.7% from 1.0%. Recall that the […]
Regeneron Pharmaceuticals: Sequencing Its Way To +30% Upside
In the quest for a GARP stock with room to run, low short interest, positive free cash flow, a surprising find dropped out of the screener. Regeneron meets all of these prerequisites, plus delivers on high margins, steady top- and bottom-line growth, great management ratios, and an expanding drug portfolio. The C-suite continues to invest […]
Breaking Down Bonds
I am joined by bond and options expert Bill Addiss to discuss the current state of bond markets. Video Length: 00:46:57
Asian Markets Struggle After Wall Street Losses
Asian stocks indexes struggled on Thursday after a rough day on Wall Street on Wednesday which culminated in losses in all three major indexes. Leading Wall Street’s losses was Snap which tanked 15 percent on Wednesday after reporting disappointing revenue. Tesla shares also plummeted 5 percent after the company’s Chief Executive, Elon Musk, refused to […]
EUR/USD Seems Unable To Recover Even After A Relatively Dovish Fed
The EUR/USD made attempts to recover after the Fed but does not go too far. A busy day with euro-zone inflation and the US ISM Non-Manufacturing PMI. The technical picture remains bearish but oversold conditions may provide room for recovery. The EUR/USD is trading below $1.2000 as the dust settles after the Federal Reserve left the […]
Gold At Crucial Support – Dollar To The Rescue Near-Term?
Once again, spot gold ($1,305.60/ounce) is testing crucial support. The US dollar can help, at least near-term. The yellow metal has pretty much been range-bound for two years now – between $1,300 and $1,360-70. Most recently, the upper bound was tested on April 11. Subsequently, it lost the 50-day moving average, on its way […]
Gold Price Drop May Resume As US Data Bolsters Fed Optimism
Gold prices attempted a short-lived recovery but failed to sustain momentum yesterday. The metal probed higher as a reserved tone from the Fed cooled hawkish exuberance, as expected. A reversal wasn’t far behind however as traders digested language signaling greater scope for tightening beyond 2018. That steepened the yield curve and sent the US Dollar higher, tarnishing the […]
E The U.S. Dollar, Shrinking Central Bank Holdings And The Global Economy’s Strength
“The USD rout continues. The trade-weighted dollar’s depreciation in Q1 was the fifth in a row, with a cumulative 9% drop since the end of 2016. Foreign investors may be finding American assets unattractive amidst unsustainable U.S. budget deficits which have historically been correlated with a weakening greenback. Washington’s protectionist tendencies are also not helping […]
Does Government Debt Really Matter?
The numbers on the US Debt Clock are spinning at a dazzling pace. US government debt is now over $21 trillion, $174 thousand per taxpayer. Add another $3 trillion for debts of state and local government on the stack. Unfunded federal government promises are almost $113 trillion, $900,000 per taxpayer, not including another $6 trillion in state […]
