Category Archive: Finance
Loosening Balances Catch Up To Natural Gas
The September natural gas contract sold off around a percent and a half on the day, moving to the lower end of the recent range ahead of the weekend. Generally, trading this week fit right into our expectations from Monday, as we looked for short-term cash strength to push prices into resistance from $2.98-$3, but […]
S&P 500 Snapshot: First Record High Since January
The S&P 500 bounced around again this week, ending up 0.59% from last Friday and closed the day at its first record high since January. The index is up 0.86% from last Friday, 0.62% from yesterday, and up 6.6% YTD. The U.S. Treasury puts the closing yield on the 10-year note at 2.82%. Here is […]
NovoCure – Chart Of The Day
The Barchart Chart of the Day belongs to the oncology stock NovoCure (NVCR). NovoCure Limited is an oncology company. The Company is engaged in developing a therapy called Tumor Treating Fields for the treatment of solid tumor cancers. It operates primarily in the United States, Germany, Switzerland and Japan. NovoCure Limited is based in Saint Helier, Channel Islands. Barchart […]
USD/JPY Rate Recovery Susceptible To Lackluster U.S. GDP Report
Fundamental Forecast for Japanese Yen: Bearish JAPANESE YEN TALKING POINTS: USD/JPY pulls back from the weekly-high (111.49) as Fed Chairman Jerome Powell sees ‘no clear’ threat for above-target inflation, and the U.S. data prints on tap for the week ahead may continue to drag on the exchange rate as updates to the Gross Domestic Product (GDP) report are […]
Are Markets Vulnerable To White House Headlines?
(Video length 00:05:44) On the latest edition of Market Week in Review, Senior Investment Strategist Paul Eitelman and Rob Cittadini, director, Americas institutional, discussed the […]
Powell Speaks: Rate Hikes Appropriate, No Risk Of Overheating; Strong Economy To Continue
The day’s most anticipated moment arrived when moments ago Fed chair Jerome Powell released his speech titled “Changing Market Structure and Implications for Monetary Policy” which appears to have no surprises, and underscores the Fed’s gradualist policies and highlights the same key themes the Fed touched in its latest minutes, to wit it expects the “strong economy […]
Stocks Decline On Tariff Fears
Stocks Fall Slightly The S&P 500 is still in that awkward phase where it hit a record high on Tuesday but hasn’t closed above its record high in January. I may be making too big of a deal of this because it could be purely fundamentals driving the market. However, I know many short term […]
Steer Clear Of The Bitmain IPO
Bitmain, the world’s leading maker of cryptocurrency mining chips, is planning to raise up to $18 billion in a Hong Kong IPO. In 2017, Bitmain produced roughly 77% of all bitcoin mining equipment, and it has a huge share of the altcoin mining hardware market as well. Bitmain generates revenue in two ways: It uses its own equipment to […]
Chart: DM Flash PMI Vs 10 Year Bond Yields
Another bond/macro chart, here’s the flash composite DM manufacturing PMI against the US 10 year bond yield. The composite DM flash PMI (we construct using Markit data and IMF GDP weights) dropped -0.5pts in August to a 14 month low of 54.2. Japan bucked the trend, up +0.2pts to 52.5, while the US dropped the […]
