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Fed Minutes Analysis Continuation

Fed Minutes Analysis Continuation

Fed Minutes Analysis – Other Risks The Fed Mentioned: Inverted Yield Curve I will continue my discussion in a previous article of the risks the Fed mentioned in its Minutes. The Fed mentioned the yield curve again, but ultimately since it is expected to raise rates in September, it doesn’t seem like it matters. It’s just lip […]
Would The Stock Market Crash If Trump Was Impeached?

Would The Stock Market Crash If Trump Was Impeached?

Donald Trump says the stock market will crash if he is impeached: “I’ll tell you what, if I ever got impeached, I think the market would crash”,¹ Now, I don’t have any superpowers, but if there’s one thing I am really good at it’s avoiding political bias in my analysis. I always try to start with objective […]
L Brands Slides After Slashing Earnings Forecast, PINK Brand CEO Departure

L Brands Slides After Slashing Earnings Forecast, PINK Brand CEO Departure

Shares of L Brands (LB) are sliding after the parent of Victoria’s Secret and Bath & Body Works reported better than expected quarterly earnings and revenue but lowered its profit outlook. While Jefferies analyst Randal Konik reduced his price target for L Brands and recommended investors sell the shares, his peer at Citi argued that […]
Is EUR/USD Rolling Over Ahead Of Powell?

Is EUR/USD Rolling Over Ahead Of Powell?

As we noted in the recap to yesterday’s FOMC minutes (see “FOMC Minutes: Three Frustrating Fed Fears Fail to Fade” for more), this week’s marquee event for the US economy was always going to be Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium, which takes place at 10:00am ET. Especially after central bank policymakers expressed […]
New Home Sales Down 1.7% In July, Worse Than Forecast

New Home Sales Down 1.7% In July, Worse Than Forecast

This morning’s release of the July New Home Sales from the Census Bureau came in at 627K, down 1.7% month-over-month from a revised 638K in June. The Investing.com forecast was for 643K. Here is the opening from the report: Sales of new single-family houses in July 2018 were at a seasonally adjusted annual rate of 627,000, according […]
USD/JPY Price Outlook: Yen Reversal Faces Initial Resistance Hurdles

USD/JPY Price Outlook: Yen Reversal Faces Initial Resistance Hurdles

USD/JPY recovery testing first major resistance hurdle- price remains constructive above 110.59 The Japanese Yen has been under considerable pressure over the past few days after price (USD/JPY) responded to a key support confluence. Here are the updated targets and invalidation levels that matter on the USD/JPY charts heading into Jackson Hole this weekend. Review this week’s Strategy Webinar for an […]
Fed Minutes Focus On Risks

Fed Minutes Focus On Risks

Fed Minutes: Are They A Hodgepodge? Fed minutes – Some have commented that the Fed Minutes is a mishmash of various discussions had by investors, members of the media, and economists. That’s probably a harsh way to put it because you can’t expect the Fed to not talk about the news of the day such as trade […]
Williams-Sonoma, Inc. Shares Surge After Q2 Profit & Sales Exceed Expectations

Williams-Sonoma, Inc. Shares Surge After Q2 Profit & Sales Exceed Expectations

Williams-Sonoma, Inc. (NYSE: WSM)  San Francisco-based Williams-Sonoma revealed upbeat earnings and revenue for its fiscal second quarter on Wednesday. Same-store store sales of the home furnishings and cookware retailer also came out higher than Wall Street had predicted. Further, the company lifted its outlook for both the current quarter and the full year. Williams-Sonoma has been under […]
4 Energy Mutual Funds To Buy As Oil Prices Rally Above $74

4 Energy Mutual Funds To Buy As Oil Prices Rally Above $74

The Energy Information Administration (EIA) on Aug 22, reported that U.S. crude inventories dropped by 5.8 million barrels for the week ending Aug 17. Following this, crude oil price rose to a two-week high to just over $74 a barrel. Moreover, crude-oil futures increased for the fifth consecutive session. This rise was partially supported by […]
S&P Tumbles Into Red As Yuan Weakness Returns

S&P Tumbles Into Red As Yuan Weakness Returns

For the first time since headlines hit of US-China trade talks, PBOC fixed the Yuan weaker overnight and having surged ahead of the talks, offshore yuan appears to have resumed its collapse. US equities were panic-bid at the open today but as Yuan slipped further and as the dollar strengthens so stocks reversed course… And […]