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Goldman Traced The History Of S&P Divergences – Here’s What They Found…

Goldman Traced The History Of S&P Divergences – Here’s What They Found…

Well, the “convergence/divergence” market debate has officially gone mainstream. On Monday, the Wall Street Journal ran a piece called “U.S. Stocks Widen Lead Over Rest of the World“, which essentially rehashes the whole “divergence” story for anyone who is inexplicably inclined to waiting around on WSJ to pick up on last month’s market narrative. The […]
Construction Spending Weakness: Private Spending Down 0.5%, Government Up 2.0%

Construction Spending Weakness: Private Spending Down 0.5%, Government Up 2.0%

A surge in gov’t spending kept construction spending in the green by 0.1%. Private spending is down and trending lower. Construction spending reports are volatile and heavily revised, but given the weakness in most housing reports, the Monthly Construction Report for August rings true. Total Construction Construction spending during August 2018 was estimated at a seasonally adjusted […]
Italy’s Budget Woes

Italy’s Budget Woes

European equities ended last week by unwinding two weeks worth of solid gains. On Friday, the STOXX 600 was down 0.83% on very high volumes, but the real chaos was in Italy where the FTSE MIB was down 3.7%. Within the STOXX 600, Banks felt the pain the most, down 2.8% with Insurance not far […]
Top & Flop Zones Of Q3 & Their ETFs

Top & Flop Zones Of Q3 & Their ETFs

The global stock market was kind to investors in the third quarter despite the escalation in U.S.-China tariff trade, emerging market meltdown especially Turkey and Argentina, tech sell-off and geopolitical tension. The MSCI All Countries World Index rose more than 4% buoyed by encouraging performance of the American market, which is showing strong complacency and extending its […]
Oil Is Surging… And So Are Gas Prices At The Pump

Oil Is Surging… And So Are Gas Prices At The Pump

Brent Crude nears $85 as WTI tops $75 – at four year highs – as the tight oil markets continue to send gas prices at the pump to the highest in four years… WTI is up over 2.5% today – spiking from $73 to $75 intraday – despite a report from Genscape that shows an 800k barrel […]
US Fixed Income Calendar: The Week Ahead

US Fixed Income Calendar: The Week Ahead

By Steven Levine Interactive Brokers senior market analyst Steven Levine provides some highlights for what to look for in the week beginning October 1. 
A Perspective On Secular Bull And Bear Markets – Monday, Oct. 1

A Perspective On Secular Bull And Bear Markets – Monday, Oct. 1

Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? At this point, nine plus years later, the S&P 500 has set a series of inflation-adjusted record highs based on monthly averages of daily closes. Let’s examine the past to broaden our understanding of the range […]
2017/18 Stocks Higher Than USDA & Trade, But Wheat Up Slightly

2017/18 Stocks Higher Than USDA & Trade, But Wheat Up Slightly

Market Analysis Friday’s September Quarterly Stocks & Small Grains reports provided some surprises in both corn and soybean final stocks while wheat’s 2018 US crop size was modestly higher than its August level. This year’s final corn and bean supplies were higher than the USDA’s previous levels & the trade’ estimates. US all-wheat production was […]
Healthcare Sector Increases 14.1% In Q3

Healthcare Sector Increases 14.1% In Q3

Healthcare Sector – Without GE Dow Increases 9.3% Healthcare was the best sector in Q3 as it increased by 14.1%. That was its best quarter since Q3 2013. The next two best sectors were the industrials and tech which were up 9.7% and 8.5%. While tech has changed its makeup, Apple remains in the sector. […]
Some Trade Clarity And A Look At The Major Miner Charts

Some Trade Clarity And A Look At The Major Miner Charts

(Audio length 00:10:51) Richard Postma joins me today to provide his thoughts on the recent Canada and US trade agreement. We also discuss the market reactions and take a step back to point out that there is still a lot of uneasiness around the world and around the trade picture. Finally we look at some […]