Category Archive: Finance, No picture
Crestmont Market Valuation Update: August 2018
Quick take: Based on the August S&P 500 average of daily closes, the Crestmont P/E is 134% above its arithmetic mean and at the 100th percentile of this fourteen-plus-decade monthly metric. The 2011 article P/E: Future On The Horizon by Advisor Perspectives contributor Ed Easterling provided an overview of Ed’s method for determining where the market is headed. […]
5 Stocks Near 52-Week High With Potential To Scale Higher
A stock hitting its 52-week high level is thought to be a winner. This level works as an indicator for many investors for buying or selling a stock. Investors often wonder if this level makes the stock an overpriced one. While they are not totally incorrect, all stocks hitting a 52-week high are not necessarily […]
July 2018 CoreLogic Home Prices Up 6.2% Year-Over-Year
CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 6.2 % year-over-year (reported up 0.3 % month-over-month). CoreLogic HPI is used in the Federal Reserves’ Flow of Funds to calculate the values of residential real estate. The quote of the day was in this data release: …. While markets in […]
Gold Price Forecast: Downside Targets Back On Radar As Range Snaps
GOLD TALKING POINTS Gold slips to a fresh weekly-low ($1190) as the ISM Manufacturing survey unexpectedly climbs to 58.5 in August to mark the highest reading since 2004, and recent price action raises the risk for a further decline in the precious metal as it snaps the range-bound price action from the previous week. GOLD […]
EUR/USD: Retains Its Bearishness, Aims At 1.14001.1393 Region
EUR/USD: The pair saw further weakness on Tuesday with eyes its support located at 1.1393 level. Further down, support lies at the 1.1350 level where a violation will aim at the 1.1300 level. A break of here will aim at the 1.1250 level. Below here will open the door for more weakness towards the 1.1200. […]
GDPNow Forecast Surges To 4.7%: Spread To Nowcast An Amazing 2.7 Percentage Pts
Following today’s ISM and construction reports, the GDPNow forecast for 3rd-Quarter GDP rose to 4.7%. Nowcast is 2.0%. The GDPNow to Nowcast spread is the widest in history. GDPNow Latest Forecast: 4.7%— September 4, 2018 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.7 percent on September 4, […]
China’s Belt And Road Initiative Opens Up Unprecedented Opportunities
It was the best of times, it was the worst of times. A tale of two world leaders, U.S. president Donald Trump and China president Xi Jinping—both of whose countries have among the world’s best economies right now. But whereas Xi is playing Santa Claus to the rest of the world, doling out loans […]
Amazon Tops Trillion-Dollar Market Cap, Bezos Extends Lead As World’s Richest Man
Jeff Bezos was already the richest man in world history, but thanks to the surge in Amazon’s share price today – becoming the third company in history to top $1 trillion market capitalization (after Apple and PetroChina) – his net worth is up almost $70 billion in 2018, nearing $170 billion. After a brief dip on its earnings, […]
Tropical Storm Gordon Helps Extend Oil’s Rally
A tropical storm is headed for the Gulf of Mexico, and this is helped oil prices extend last week’s 5.4% rally. Light sweet crude oil for October delivered is about 1.6% higher at $70.80. It has been up to $71.40. The multi-year peak on the continuation futures contract was set in early July near $75.25. The […]
Nothing Can Hold Gold Prices Behind Any Longer
iStock.com/Madmaxer Change in Fed Plans Isn’t Only Factor Pushing for Higher Gold Prices Federal Reserve Chair Jerome Powell recently delivered some choice words at Jackson Hole, Wyoming. He signaled a reconsideration of the Fed’s interest rate policy. Interest rates now may not increase as much as expected. That means a few things, but as far […]
