Category Archive: Finance, No picture
This Week In Cryptocurrency – Friday, August 17
Tough Week for Ethereum Last week, the total cryptocurrency market cap plunged 14.33%, largely as a result of the SEC postponing its decision on a Bitcoin-ETF proposed by CBOE, VanEck, and SolidX. This week, the cryptocurrency market slid another 5.7%, which isn’t as bad when you factor in the steep drop Wednesday, hitting around $189,666,000,000, its lowest market […]
USD/JPY: Risk Aversion Keeps A Bid Behind The Yen, Inflation Data On Deck
JPY STRENGTH HOLDS AS USD/JPY RE-APPROACHES 110.00 Fundamental Forecast for the Yen: Neutral The Japanese Yen continues to hold strength as we move through the middle of August, and this is a theme that’s been rather visible so far throughout 2018. As we came into the year, the prospect of stronger rates of inflation pushing the […]
Tech Flows Are Finally Rolling Over
While one wouldn’t see it by looking at the S&P 500 which in fits and starts continues to push toward its January all-time highs, the latest weekly flows saw a broad “risk off” shift in investor mood, with $3.6BN out of equities ($0.7bn ETF outflows, $2.9bn mutual fund outflows), $2.3BN out of bonds, and $0.5BN out of […]
Secular Trends In Residential Building Permits And Housing Starts – Friday, August 17
Yesterday, we reported separately on the latest residential building permits and housing starts in the government’s monthly report, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions. Thus it is unwise to assign […]
Technology Stocks Setting Up For Disappointment? Don’t Get Too Complacent
Technology Stocks Could See a Sell-Off, Investors Beware Call me an alarmist, but I believe technology stocks could be worth watching closely. They could be setting up to disappoint. If investors have bought them, it might be time to step back a little. Over the years, there’s one thing I have learned very clearly; assets that […]
Clarus – Chart Of The Day
The Barchart Chart of the Day belongs to the sporting goods stock Clarus (OTC: CLAR). Clarus Corporation engages in design, manufacture, and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the […]
Gold Miners’ Q2’18 Fundamentals
The major gold miners’ stocks plummeted in brutal cascading selling this week as stops were run. That shattered strong multi-year support, devastating sentiment among the handful of contrarians remaining in this forsaken sector. With fear and despair extreme, it’s critical to take a deep breath and get grounded in the gold miners’ just-reported Q2’18 fundamentals. […]
Tech Stocks Are This Year’s Big Winners
It’s probably no surprise to you that technology stocks have been on a roll this year. Broad-based tech indices have doubled or trebled the returns earned by the S&P 500. Not all tech indices are built alike, though. If you’re an index fund investor, the difference between being happy and very happy with your tech […]
Extreme FX Sentiment, Oversold RSI Signal Undermines GBP/USD Rebound
BRITISH POUND TALKING POINTS GBP/USD struggles to preserve the rebound from earlier this week as U.K. officials prepare for a no-deal Brexit, and the current environment keeps the downside targets on the radar as the Relative Strength Index (RSI) stubbornly holds in oversold territory. EXTREME FX SENTIMENT, OVERSOLD RSI SIGNAL UNDERMINES GBP/USD REBOUND GBP/USD appears to […]
Is Apple Still A Good Buy At $213/Share?
Earlier this month Apple became the first U.S. publicly traded company to reach 1 trillion dollars in market capitalization. The maker of the popular iPhone devices surprised some investors with its third-quarter earnings report. After the financials were released the company stock rose 4% in after-hours trading because Apple showed its EPS grew by 40% year over […]
