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Anatomy Of A Crypto-Nightmare: Ripple CEO Is Now Richer Than Zuckerberg

Anatomy Of A Crypto-Nightmare: Ripple CEO Is Now Richer Than Zuckerberg

Having soared 36,000% last year and continuing its crazy run in 2018… Ripple has surged ahead of Ethereum as the second-largest cryptocurrency by market cap… Bitcoin $246BN Ripple $143BN Ethereum $97BN image courtesy of CoinTelegraph Leaving Mike Novogratz breathlessly berating the craziness..as Ripple’s CEO is now the 5th richest man in the world… total $XRP now worth $380 bn…. […]
Oil Prices Have More Gains Ahead

Oil Prices Have More Gains Ahead

It’s been a while but our DTO short is starting to pick up steam and work out like we thought it would. We are currently up 24% in it and I am of the impression we have plenty more upside as oil prices ought to continue to climb. Even if they stall we will add […]
Light Vehicle Sales Per Capita: Our Latest Look At The Long-Term Trend – Thursday, Jan 4

Light Vehicle Sales Per Capita: Our Latest Look At The Long-Term Trend – Thursday, Jan 4

For the past few years, we’ve been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series, we focus on the population adjusted data. Let’s now do something similar with the Light Vehicle Sales report from the Bureau of Economic Analysis. This data series stretches back to January 1976. Since that first data […]
December 2017 ADP Job Growth Is 250,000

December 2017 ADP Job Growth Is 250,000

ADP reported non-farm private jobs growth at 250,000.  Analyst Opinion of ADP Employment Situation This month the rate of ADPs private employment year-over-year growth remained in the tight range seen over the last year. ADP employment has not been a good predictor of BLS non-farm private job growth. The market expected from Bloomberg / Econoday […]
Dexcom Falls After Abbott Receives Medicare Approval For Libre

Dexcom Falls After Abbott Receives Medicare Approval For Libre

Shares of Dexcom (DXCM) are sinking after Abbott (ABT) announced that FreeStyle Libre, its new continuous glucose monitoring system, is now available to Medicare patients. ABBOTT ANNOUNCES MEDICARE COVERAGE: This morning, Abbott announced that the FreeStyle Libre System, the company’s rnew continuous glucose monitoring system, is now available to Medicare patients, having met the codes […]
Dow Hits Another New Milestone…25,000

Dow Hits Another New Milestone…25,000

Further to yesterday’s post, the Dow 30 Index hit 25,000 today, as the S&P 500 and Nasdaq Composite Indices extended their rally above their Big Round Numbers, as shown on the following Daily charts. We’ll see if this breakout above December’s consolidation zone lasts. Meanwhile, volatility remains near record-level lows, as shown on the following Monthly chart of the VIX…  …and this year’s breakout outpaces volatility, as shown on […]
Good Growth Trend At Samsung Electronics

Good Growth Trend At Samsung Electronics

Background Founded in 1938, Samsung Electronics is designer, manufacturer and producer of Semiconductors in form of NAND and DRAM memory products used in consumer electronic devices. It also produces popular Galaxy smartphones, consumer electronics such as OLED TVs, refrigerators as well as panel displays such as TFT and LCD screens. Business Description Samsung Electronics business […]
Don’t Look Now, But Gold Just Finished Its Best Year Since 2011

Don’t Look Now, But Gold Just Finished Its Best Year Since 2011

Metals investors may have missed it given the gloomy sentiment that plagued markets for much of 2017, but gold just finished its best year since 2011. Perhaps in a year like the one just passed, 13% gains are simply not inspiring. U.S. stocks finished about 25% higher for the year, and crypto-currencies including Bitcoin left […]
Auto Sales Hit The Brakes In 2017: ETFs & Stocks In Focus

Auto Sales Hit The Brakes In 2017: ETFs & Stocks In Focus

The seven-year sales growth streak for the auto industry hit the brakes in 2017 as it suffered its first annual sales decline since the financial crisis. Though sales dropped 1.8% from the last year to 17.2 million vehicles, 2017 still marks the fourth-best sales year in U.S. history. This is because this is the first […]
2018 Outlook – US Markets, Treasuries, Geopolitical Hotspots And Inflation

2018 Outlook – US Markets, Treasuries, Geopolitical Hotspots And Inflation

Al Caicedo, President of CKS Summit Group joins me today to share his outlook for 2018. In this segment we get Al’s outlook for US markets, US treasuries, potential geopolitical hotspots, and if inflation is going to significantly rise. (Audio length 00:10:27)