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Market Talk – Monday, Nov. 26

Market Talk – Monday, Nov. 26

Nov 26, 2018 Finance 0

It feels as though this is the week that the markets have been building for all year! Having heard late yesterday that the EU 27 had accepted the Brexit terms it is now up to Parliament to vote on the deal. This vote is expected, though not scheduled, for December 12th so we can expect […]
E The Deflationary Impact Of The Decline In Oil Prices In Canada

E The Deflationary Impact Of The Decline In Oil Prices In Canada

Nov 26, 2018 Finance 0

History may not repeat itself exactly, but it can be an excellent guide to what lies in store, especially in the oil industry. Dramatic changes in the price of oil have long been a harbinger of the big changes in prices and incomes for a major producing country such as Canada. Let’s start by looking […]
GM Cuts 14,700 Jobs As Auto Bubble Begins To Burst

GM Cuts 14,700 Jobs As Auto Bubble Begins To Burst

Nov 26, 2018 Finance 0

On Monday, General Motors announced that it will cut 14,700 jobs or 15% of its North American workforce in addition to closing three assembly plants and two other facilities: In the most far-reaching shake-up since the company emerged from bankruptcy more than eight years ago, General Motors will shutter three North American assembly plants and two other facilities, while […]
These 5 Defensive Stocks Have 100% Street Support

These 5 Defensive Stocks Have 100% Street Support

Nov 26, 2018 Finance, No picture 0

If you thought you were in for a calm November, you’d be wrong. We have now entered the second correction of 2018, with the tech-heavy Nasdaq Composite Index down over 5% on a one-month basis. On a three-month basis, this loss extends to almost 12%. In fact, even the relatively stable Alphabet is now posting a loss on […]
Repeating Spreads

Repeating Spreads

Nov 26, 2018 Finance, No picture 0

What a difference a year makes. As 2017 finished up, the Federal Reserve was widely seen as turning “hawkish.” Inflation in the US, many believed, was about to be unleashed by a blistering labor market so tight we’ve not seen anything like it in decades. The central bank would be forced into a quickened pace […]
S&P 500 Sector Annual Total Returns Since 1990

S&P 500 Sector Annual Total Returns Since 1990

Nov 26, 2018 Finance 0

Below is a look at annual total returns for S&P 500 sectors going back to 1990. At the bottom of the table, we also show each sector’s cumulative total return since the start of 1990 and its annualized return over this time period. We also show the standard deviation of annual total returns. In the […]
Mallinckrodt Drops As Citron Takes Aim Again

Mallinckrodt Drops As Citron Takes Aim Again

Nov 26, 2018 Finance 0

Shares of Mallinckrodt (MNK) are under pressure after Andrew Left’s Citron Research tweeted that the company failed its “only real clinical trial of Acthar” and also failed to disclose the outcome. Additionally, the short-focused research firm pointed out that the “failed clinical studies comes weeks after OIG publishes that Acthar is a drug based on […]
Direct Bidders Soar In Strong 2Y Treasury Auction

Direct Bidders Soar In Strong 2Y Treasury Auction

Nov 26, 2018 Finance 0

October presented rates traders with a bit of a mystery: virtually every Treasury auction saw a surprisingly low Direct takedown, in some cases Direct bidders taking down the lowest amount of paper offered in years. It now appears to be payback time. Moments ago, the US Treasury sold $39BN in 2 Year Notes, a $1 […]
NZD/USD Price Outlook: Pending Bull Flag Breakout In Kiwi

NZD/USD Price Outlook: Pending Bull Flag Breakout In Kiwi

Nov 26, 2018 Finance, No picture 0

The New Zealand Dollar is pulled back from fresh four-month highs against the US Dollar last week with price now targeting areas of interest for near-term price support. These are the updated targets and invalidation levels that matter on the NZD/USD charts heading into the close of the month.  NZD/USD DAILY PRICE CHART Technical Outlook: In my previous NZD/USD Price Outlook we noted that, “Key […]
GM To Close 8 Plants, Lay Off Close To 15,000 Workers

GM To Close 8 Plants, Lay Off Close To 15,000 Workers

Nov 26, 2018 Finance, No picture 0

Things are worse than widely thought in the auto industry. Today, GM provided the proof. GM will close 5 North America plants, another three elsewhere. GM claims it does not see a downturn but will Slash Nearly 15,000 Jobs anyway. Four factories in the U.S. and one in Canada could be shuttered by the end of 2019 […]