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Archives by Year:
Crude Oil Prices Rise As Inventories Fall Faster Than Expected
The price of crude oil continued the gaining streak after data from the Energy Information Administration (EIA) showed reduced stockpiles. The data released yesterday showed that the amount of crude oil in storage declined by 5.8 million barrels. This was higher than the 2 million drop analysts were forecasting. It was also higher than the […]
U.S. Housing Market: Home Sales Tumble, Builders Become Pessimistic
The U.S. Housing Market Is Emerging as a Clear Victim of Higher Interest Rates As rates are going higher, we are seeing the U.S. housing data turn gruesome. iStock.com/higyou Consider that in July, sales of already-built homes (existing homes) declined 0.7% from a month earlier. Year-over-year, sales are down 1.5%. Here’s the thing, this is […]
New Mandatory Risk Rating Is Misleading Canadian Investors
Canadian securities regulators may be putting investors at risk. They implemented a new mandatory risk weighting system in September 2017 based on 10-year Standard Deviation. Every Canadian mutual fund and exchange-traded fund (ETF) must now include a risk rating based on the following: Before implementing this policy, the Ontario Securities Commission (OSC) asked for submissions […]
US Housing Market Slump Continues: New Home Sales Tumble In July
Following yesterday’s hope-crushing drop in existing home sales (weakest since Feb 2016), new home sales were expected to rebound 2.2% MoM after crashing over 5% in June, but they didn’t as new home sales tumbled 1.7% MoM (after upward revisions). June’s 5.3% drop was revised up to a 2.4% drop, which impacted the miss in July… The first back-to-back […]
Don’t Fear The Yield Curve?
In July of this year, James McCusker penned an article entitled “Don’t Fear The Yield Curve” in which he stated: “There are always a lot of things to worry about in our economy — short range and long range. The yield curve, however. isn’t one of them. It just shows that some other people are worried, too. […]
The Real Reason The US Dollar Is About To Roll Over
I’ve received a number of emails from readers asking me how I can be so certain that the USD will be dropping hard going forward. The answer is simple… neither the US Government, not the US corporate sector can afford an extremely strong USD. The Trump administration has proven itself to be Keynesian on steroids… […]
Hormel Foods (HRL) Beats Q3 Earnings Estimates
Hormel Foods (HRL – Free Report) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.63%. A quarter ago, it was expected […]
E The Bitcoin Pattern
The pattern following the parabolic 2011 top in silver is similar to what we currently see in Bitcoin. After a parabolic top, there is an initial crash, then a long sideways consolidation before a secondary collapse. Silver post-bubble collapse – Notice how silver bounced off the $26.00 support several times. Each post-bubble rebound made a […]
Versus Late-January Highs In US Stocks, Sentiment Nowhere As Giddy
Major US equity indices are at/past late-January highs. Investor sentiment, on the other hand, is nowhere near as giddy. Is this good or bad? The Russell 2000 small cap index (1722.54) just broke out of a two-month pennant. Of major US equity indices, the Nasdaq 100 index (7424.6) acts a little sluggish, but is only 1.2 […]
Jobless Claims Continue To Sink
Jobless claims dropped 2K this week, falling from 212K down to 210K, but that was 7K lower than the consensus forecasts from economists. This week’s reading is also within 2K of the multi-decade low of 208K we saw in mid-July.If you look at the inset chart below, it’s almost as though the downtrend in claims […]
