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Homebuilders Crushed

Homebuilders Crushed

It’s been one of the busier days in quite some time for economic data, and relative to expectations, it has been a mixed bag. Jobless Claims came in slightly higher than expected, Empire manufacturing was better than expected while Philly missed, Retail Sales were stronger than expected at the headline level, but a bit weaker […]
EUR/GBP Sees Bullish Rally, Eyes Further Upside Pressure

EUR/GBP Sees Bullish Rally, Eyes Further Upside Pressure

EUR/GBP eyes further upside pressure on bullish rally. This leaves immediate upside risk towards the 0.8850 level. A violation if seen will turn risk towards the 0.8900 level. Further up, resistance comes in at 0.8950 level followed by the 0.9000 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, […]
Consider These 3 Mutual Funds From The JP Morgan Portfolio

Consider These 3 Mutual Funds From The JP Morgan Portfolio

JPMorgan is one of the major mutual fund managers in the United States and prides itself for being the nation’s leader in equity fund flows. JPMorgan offers managed accounts and retirement products. Its primary principle is to understand the needs of its clients and advice the best investment solutions for surplus returns. Also, JPMorgan is […]
Weekly Unemployment Claims

Weekly Unemployment Claims

Here is the opening statement from the Department of Labor: In the week ending November 10, the advance figure for seasonally adjusted initial claims was 216,000, an increase of 2,000 from the previous week’s unrevised level of 214,000. The 4-week moving average was 215,250, an increase of 1,500 from the previous week’s unrevised average of […]
They Call It The Streak!

They Call It The Streak!

Yes, they called it the streak, but streaks are meant to be broken. Oil prices closed modestly higher after ending at 12, the longest streaks of consecutive down days in the history of the global oil market. The reason for the downward spiral is concerns about global economic growth, as well as the fact that […]
Oil Prices Are Confirming Global Reflation Is Over

Oil Prices Are Confirming Global Reflation Is Over

In Tuesday’s technical update, I discussed the breakdown in the major markets both internationally as well as domestically. Of note, was the massive bear market in China which is currently down nearly 50% from its peak. What is important about China, besides being a major trading partner of the U.S., is that their economy has been […]
Walmart Posts Mixed Quarterly Results, But Raises Full-Year Guidance

Walmart Posts Mixed Quarterly Results, But Raises Full-Year Guidance

CNBC’s ‘Squawk Box’ team discusses Walmart’s quarterly earnings. CNBC’s Courtney Reagan joins with comments from Walmart’s chief financial officer.
S&P 500 At 2,700 Again, Will Downtrend Continue?

S&P 500 At 2,700 Again, Will Downtrend Continue?

The U.S. stock market indexes lost 0.8-0.9% on Wednesday, extending their short-term downtrend, as investors’ sentiment remained bearish following last week’s Thursday’s – Friday’s downward reversal. The S&P 500 index broke below 2,700 yesterday, before closing at that support level. The index was 11.5% below September the 21st record high of 2,940.91 two weeks ago. […]
E
                                                
                        Markets: Overpaid

E Markets: Overpaid

Obsession with Brexit continues to dominate news and trading in Europe while the US/China trade talks continue but hopes for a bigger fix by G20 meeting seems unrealistic and as FOMC Powell’s speech continues to guide rates hike expectations into 2019 – all of which puts the risk-mood as mixed rather than bouncing. There is […]
Commodities Continue To Dominate Deep-Value ETF Ranking

Commodities Continue To Dominate Deep-Value ETF Ranking

The slide in global markets in recent weeks has cut prices near and far, but the steepest declines for the trailing five-year return – a proxy for the value factor – are still linked with the dive in commodities. That was true for the deep-value list in October and the profile is intact in today’s update, which […]