Category Archive: Finance
Consumer Confidence Climbs
Even as headlines have been chaotic this month, Consumer Confidence rebounded and remains right near its highs for the cycle. While economists were forecasting the August reading to come in at a level of 120.7, the actual reading came in at 122.9, which is the second highest reading of the cycle, behind only the 124.9 […]
Ethereum Prices Hit Two-Month High, 385 In Sight
ETH/USD Daily Chart Technical Outlook: Ethereum prices rallied to two-month highs today after breaking above the monthly opening-range highs last week. The trade remains constructive while above 314/20 with more the next level of interest eyed at the record high-day close at 385. ETH/USD 240min Chart Notes: Earlier this month we noted that Ethereum prices had, “continued to trade within the confines […]
Momentum Plays That Don’t Last
(Audio length 00:12:29) With a number of factors and a couple news events driving markets it can be dangerous to jump on some of these trends thinking it’s a sure thing. Chris Temple and I discuss the risks in today’s market of following some of the short term stories when it comes to investing your […]
Why Super-Efficient School Bus Routes Could Wreck The US Economy
Everyone is worried about robots. Elon Musk fears they will kill us all if we give them both deadly weapons and autonomy. He certainly has a point, but the non-lethal scenarios are no picnic either. Robots are already taking over human jobs at a rapid pace. Any work involving predictable, repetitive activities is vulnerable. Worse, artificial intelligence […]
This Critical Metal Is In High Demand
Zinc just hit its highest price since 2007. The recent pullback in zinc prices proved short-lived. As I told you earlier, zinc is one of my favorite investment ideas for 2017. This critical metal is in high demand. You can see that in the price chart below: China’s zinc imports soared 353% from February 28 to […]
Analysts Say Run From Finish Line After Profit Warning
Shares of Finish Line (FINL) are sliding after the shoe retailer reported downbeat preliminary second quarter results and cut its outlook for fiscal 2018. Following the announcement, several Wall Street analysts cut their ratings on the stock to sell-equivalent ratings. PRELIMINARY RESULTS: Last night, Finish Line reported preliminary second quarter earnings per share of 8c-12c […]
Bank Of America; “This Could Get Ugly, We Think”
Instead of finding new and creative ways of BTFD, overnight the BofA credit team did something so few finance professionals bother with these days: they looked at fundamental data to reach a conclusion that is independent of how much AAPL stock the SNB will have to buy to send the Dow Jones green. Specifically, the bank […]
Why The Price Of Ripple Will Rise Above 0.50 USD In 2017
Things look very bullish for Ripple. Given the setup of Ripple’s chart combined with the fundamental drivers behind Ripple we expect that Ripple’s price will rise to $0.50 in 2017, around year-end the latest. First, and foremost, Ripple’s chart looks awesome. After an amazing rise early this year, Ripple’s price touched $0.40, and came back sharply since then. From […]
Fed Study Shows Phillips Curve Is Useless: Admitting The Obvious
The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship. This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates. A new Fed Study shows the Phillips Curve Doesn’t Work. A fundamental relationship of mainstream economic theory […]
SPY Boundaries
Even though the “end of the world sell-off” ended almost instantly this morning, I’m having a good day. I’m up 1.8% on my regular portfolio and about 3% on my ETF portfolio, in spite of being completely short (the one exception being my NUGT long, which I closed promptly this morning). The SPY is key […]
