Category Archive: Finance
Homebuilder Stocks Hit Record High As Homebuilder Confidence Plunges To 8-Month Lows
While homebuilder stocks are hovering near record highs, confidence among homebuilders has tumbled to its lowest since before Trump’s election. As opposed to blaming stagnating wages, or higher rates, the NAHB chooses to blame President Trump’s Canadian Lumber tariffs for making costs unaffordable… Builder confidence fell two points in July to its lowest reading since November 2016 […]
Cryptocurrency: Sharp Rebounds Continue But Risks Remain
Last Sunday’s (July 16) recent lows seem a distant memory for most of the cryptocurrencies as buyers take back control and force the digital markets sharply higher. Bitcoin (BTC) has jumped nearly 28% from the $1790 low to a current quote of $2293, while Ether (ETH) has risen from $131 to $192, a massive low-to-current […]
WGC’s June Gold Investor: Gold In Digital World
This month, the World Gold Council (WGC) released a new edition of Gold Investor. What can we learn from the report? The summer issue of the WGC’s Gold Investor contains a few interesting articles. The first one which we would like to cover is an interview with John Reade, the new WGC’s Chief Market Strategist and Head […]
Oil Racing Against End Of The Ice-Age
The U$ has slumped on increasing Trump lumps the past month–no health care rewrite, no imminent tax code overhaul, and that debt ceiling is back. This has spurred some strength in the price of crude and its handmaiden the Canadian dollar. It seems likely that both of these short-term rebounds are overdone. As shown here, crude […]
Light, Low, Nonexistent Volume
What was that yesterday? Where was the volume? That had to be one of the least interesting trading days in my entire trading career. I mean, it was horrible, miserable – and outright boring. Even so, there is a market to analyze, and what you had yesterday was a situation where there was nobody willing […]
Billion Dollar Unicorns: Clover Health Reaches Milestone Valuation
Over the past few years, there has been an added focus within the global healthcare industry to reduce costs and manage resources more efficiently while improving patient care. To meet these pressures, healthcare organizations including physicians and insurance service providers have become data driven. San Francisco-based Clover Health is a Billion Dollar Unicorn club member making big strides […]
E The Employment, Wages And Inflation Nexus
Central bankers are confronted by a nexus in which unemployment falls, wages stagnant and inflation slows down. It is not supposed to be this way. According to the Phillips curve ( developed in 1958) [1], as unemployment falls, the labor market tightens, wages rise and ultimately inflation picks up. This is a neat way to […]
Mega Cap Growth ETF (MGK) Hits New 52-Week High
For investors seeking momentum, Vanguard Mega Cap Growth ETF (MGK – Free Report) is probably on the radar now. The fund just hit a 52-week high and is up about 22% from its 52-week low price of $83.68/share. But are more gains in store for this ETF? Let’s take a quick look at the fund and the […]
What Is Capital And Why Is It Essential?
As an economist, Israel Kirzner is best known for his contributions to the theory of entrepreneurship. His renown in this area extends into the literature on management studies where recently his insights have become the focus of spirited discussions about the discovery of entrepreneurial opportunities. Ranging from his view of the entrepreneur as essentially a […]
‘ETFs Will Be Disproportionally Influential In Selloffs’: BofAML On EM Bond Funds
Another day another warning about emerging market debt ETFs. This has become something of a crusade for us in the weeks that followed Mario Draghi’s efforts to marshal global support for a hawkish shift from DM central banks. That effort kicked off on June 27 in Sintra, Portugal, and it was followed by a rates […]
