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Richmond Fed Manufacturing: Moderate Expansion In October

Richmond Fed Manufacturing: Moderate Expansion In October

Oct 23, 2018 Finance, No picture 0

Today the Richmond Fed Manufacturing Composite Index decreased to 15 for the month of October, up from last month’s 29. Investing.com had forecast 25. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 22.7, which indicates expansion. The complete data series behind today’s […]
Caterpillar (CAT) Surpasses Q3 Earnings And Revenue Estimates

Caterpillar (CAT) Surpasses Q3 Earnings And Revenue Estimates

Oct 23, 2018 Finance, No picture 0

Caterpillar (CAT) came out with quarterly earnings of $2.86 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $1.95 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.06%. A quarter ago, it was expected that this […]
E Posen And Cramer On Trade Wars And Cold Wars

E Posen And Cramer On Trade Wars And Cold Wars

Oct 23, 2018 Finance, No picture 0

Esteemed economist, Adam Posen, speaks out on trade wars and tariffs. This is one of his most important statements regarding the New World Order: At the heart of that order, it put the liberal values of free trade and the rule of law. Over the next seven decades, the order, backed by U.S. power and bolstered […]
Discussing Asia And The Panic In Emerging Markets

Discussing Asia And The Panic In Emerging Markets

Oct 23, 2018 Finance, No picture 0

Last week’s “Behind the Markets” podcast highlighted two of the more beaten-down regions on a pure asset price and valuation basis today: Japan and emerging markets. The overlap between the two is that Japan, in local currency terms, trades with volatility levels not so different than standard emerging market countries, with a large beta to global growth prospects given two-thirds of […]
Global Banking Stocks Are Crashing Hard – Just Like They Did In 2008

Global Banking Stocks Are Crashing Hard – Just Like They Did In 2008

Oct 23, 2018 Finance 0

“Fortress balance sheets?”…”It’s different this time”… “Greatest economy ever.” If all of that is true, then why are the stocks of the most systemically important banks in the world collapsing? And the banking collapse is leading global stocks lower – probably not coincidentally as global central bank balance sheets contract. As The Economic Collapse blog’s Michael Snyder […]
Priced To Perfection?

Priced To Perfection?

Oct 23, 2018 Finance, No picture 0

Is oil priced to perfection? Well in the last few weeks you have heard a lot of noise from a lot of places about where oil prices are going, yet if you want a consistent message and want to cut through the noise to look at the big picture, look to the “ Energy Report” […]
Technically Speaking: Risk Of A Bigger Correction Rising

Technically Speaking: Risk Of A Bigger Correction Rising

Oct 23, 2018 Finance 0

In this past weekend’s missive “Market Clings To Support,” I noted the early February correction process where we saw a similar short-term bottoming process where the initial bounce failed then bounced in mid-March before failing again to retest the February lows.  On Monday, the market broke through the 200-dma which puts portfolio management on high alert. However, we have […]
GBPJPY Bear Pressure Targets 145.01 Support Zone

GBPJPY Bear Pressure Targets 145.01 Support Zone

Oct 23, 2018 Finance, No picture 0

GBPJPY bear pressure targets the 45.01 support zone as it looks for further price extension. On the downside, support comes in at the 144.50 level where a violation will aim at the 144.00 level. A break below here will target the 143.50 level followed by the 143.00 level. Its daily RSI is bearish and pointing […]
Stock Slump Pushes Yields Lower And Buoys Yen

Stock Slump Pushes Yields Lower And Buoys Yen

Oct 23, 2018 Finance, No picture 0

There is one main story today, and that is the resumption of the slide in equities. It is having a ripple effect through the capital markets. Bond yields are tumbling. Gold is firm. The dollar is narrowly mixed, though the yen stands out with almost a 0.5% gain. Most of the large equity markets in Asia, […]
Sneak Peek: What To Expect From Bank Of Canada Tomorrow

Sneak Peek: What To Expect From Bank Of Canada Tomorrow

Oct 23, 2018 Finance 0

Weaker Canadian inflation and retail sales will not deter BoC from raising rates. Bank of Canada (BoC) is widely expected to raise interest rates during their rate statement tomorrow. Canada’s annual inflation rate in September dipped to 2.2 percent from 2.8 percent the previous month. However, this marks the eighth consecutive month that the inflation rate […]