Category Archive: Finance
Short-Term Rational, But Intermediate-Term Irrational
Don’t look at the left side of the chart on an empty stomach This will be a short post. At present the expected 10-year rate of total return on the S&P 500 is around 4.05%/year. We’re at the 94th percentile now. The ovals on the graph above are 68% and 95% confidence intervals on what the […]
Kiwi Dollar Loses Momentum
The New Zealand Dollar, familiarly known as the Kiwi, was the G10 currency market’s biggest mover today and struck a fresh 5-month trough against the US Dollar. That low came in the wake of the incoming government’s outline of its anticipated policy changes which many investors view as unfriendly toward foreign investment given a ban […]
General Motors Company 3Q17 Earnings Boost Shares
GM 3Q17 earnings were released before opening bell this morning. The automaker reported adjusted earnings of $1.32 per share on $33.6 billion in sales, while analysts had been expecting earnings of $1.12 per share on $33.72 billion in revenue. In last year’s third quarter, General Motors reported earnings of $1.72 per share on $42.8 billion […]
Gold Is Better Store Of Value Than Bitcoin – Goldman Sachs
– Gold is better store of value than bitcoin – Goldman Sachs report– Gold will continue to perform well thanks to uncertainty and wealth demand– Bitcoin’s volatility continues to impact its role as money– Gold up 12% in 2017, bitcoin over 600% – BTC is six times more volatile than gold – see chart– Gold’s history […]
Caterpillar Soars 7% To All Time High After Smashing Earnings, Boosting Guidance
Dow futures are higher by over 100 points following a spate of big beats among Dow components including 3M, GM, UTX, but none more so than Caterpillar which just announced blockbuster Q3 EPS of $1.95, nearly 50% higher than the $1.22 consensus estimate (and above the highest forecast), on revenue of $11.4 billion, which also […]
Watching Paint Dry
Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB) Subscribe: Android | RSS DOW – 54 = 23,273 SPX – 10 = 2564 NAS – 42 = 6586 RUT – 11 = 1497 10 Y – .01 = 2.38% OIL + .02 = 51.86 GOLD + 2.00 = 1283.00 Cryptocurrency Number of Currencies: 876 Total Market Cap: $169,012,985,919 24H Volume: $5,690,782,655 Top Cryptocurrencies […]
How Does U.S. Income Inequality Compare Worldwide?
from the St Louis Fed — this post authored by Ana Maria Santacreu and Heting Zhu Rich countries tend to have lower income inequality than developing countries. The figure below shows a negative relationship between the level of income per capita (which is a measure of technological progress) and the Gini coefficient of income (which is a […]
Whatever It Takes Again
Saudi Arabia said they will do whatever it takes to balance the oil market, again. Yet this time the market, unlike the last time, believes them as OPEC and their compliance has earned some market cred. Oil prices which were floundering lower overnight reversed course and surged higher after Saudi Energy Minster Khalid A. Al-Fali […]
EUR/USD: Correction To 1.1800 In The Works
Previous: On Monday the 23rd of October, trading on the euro/dollar pair closed down. The rate dropped to 1.1725 during trading in Chicago. The euro fell on the back of a rising dollar and the Catalonian crisis. The main driver for the dollar was the optimism surrounding tax reform in the US as well as Donald […]
What Sell-Off: Futures Rebound, Nikkei Extends Record Winning Streak
European shares are modestly lower as investors monitor tense events in Spain and as focus turns to Thursday’s ECB meeting; US equity futures have rebounded from yesterday’s sharp but shallow sell-off and are in the green amid rising odds of U.S. tax reform and the imminent unveiling of the next Fed chair while Asian shares […]
