Category Archive: Finance
TD Says Goodbye To Commission-Free Vanguard ETFs
TD Ameritrade roiled the investment community this week when it announced it was shaking up its commission-free ETF lineup across its entire brokerage platform. The highlights include an expanded number of funds available to trade and fewer restrictions on eligible accounts. They also dropped Morningstar as the advisor that selects the commission-free list, giving in-house […]
EUR/USD Daily Analysis – Wednesday, October 18
EUR/USD broke below 1.1780 support and extended its downside movement from 1.1879 to as low as 1.1736. Deeper decline to test 1.1669 support is still possible in the coming days. A breakdown below this level could take price to the resistance-turned-support trend line on the weekly chart now at 1.1420. Near term resistance is at 1.1820, only […]
Crude Oil Prices Menace Six-Month High, EIA Inventory Data On Tap, Gold Price Continue To Fall
Crude oil prices sank after Sky News reported that Kurdish Peshmerga militia reached agreement to return to Iraq’s 2003 borders. Conflict between local fighters and government forces in the Kirkuk province shut down two oil fields, stoking supply disruption fears. The swiftly selloff evaporated as markets looked ahead to API inventory flow data however, and it did not disappoint. The report […]
E Market Briefing For Wednesday, October 18
Sure, we want growth; at the same time I don’t believe interest rates are going to jump enough that it actually impedes business expansion or transactional activity. I do believe Morgan Stanley saying today ‘Client Cash Balances’ are low is not encouraging. Now months ago Merrill Lynch said ‘high net-worth investors’ were selling a lot; […]
WTI Shrugs Despite Huge Crude Draw
A v-shaped recovery in WTI/RBOB today (amid a dollar reversal at the EU close and chatter about a big crude draw) led prices higher into the API print (but after last week’s 100% incorrect API vs DOE reversal, who knows what it means). And the rumors were true – a huge crude draw (biggest in 2 […]
The Clash Of Megatrends That Leaves Consumers Without A Chance
I think Dilbert is hilarious. The comic strip’s creator, Scott Adams, has incredible insight into everyday life. More than a decade ago, he showed the cartoon’s title character in a grocery store. A clerk asked Dilbert, a white-collar, micromanaged engineer by day, if he wanted to sign up for the store’s loyalty card so he […]
Will The SPX Reach 2600?
I last wrote about the SPX:VIX ratio on September 30. Price action on the Monthly ratio chart below shows an inability, so far, for volatility to be held at bay, while the SPX continues to make new highs, almost daily. It has failed to hold, with conviction, above the 250 level and advance above its […]
Less Than Square One
Goldman Sachs was the latest Wall Street bank to jump on low volatility. Despite an enormous gain in prop trading, most of the rest of the firm’s results were moving in the wrong direction. In its market making segment, for example, the firm booked $2.1 billion in net revenue in the third quarter, 22% less […]
You Gotta Be In It To Win It
Anyone who has ever attempted to make money trading has learned the lesson all too quickly that timing is everything. Some of the world’s greatest investors have lost nearly everything because their timing of the market was just slightly off. Without getting into individual names, we saw this among some of the greatest value investors in the […]
The French Say “Blame The Fed”
It’s the central bank’s fault! This common refrain has grown louder as Fed Chair Janet Yellen engages in some of the most delicate maneuvers that a central bank has ever attempted. With the economy generally moving along at a reasonable if slightly awkward clip – unemployment is abnormally low, but income inequality is abnormally high – central […]
