Category Archive: Finance
Reviewing Top And Bottom Performers Year-To-Date
Having a broad cross section of Funds across global markets and asset classes gives us perspective on how markets are behaving. Depending on whether one wants to look for positive momentum trends continuing or for a reversal in negative sentiment from the list of poor performers, this review of the top five and bottom five performers in […]
JPM Beats Boosted By Lending Despite Trading Miss As FICC, Sales & Trading Revenues Tumble
Launching Q2 earnings season, moments ago JPM reported Q2 an adjusted record Net Income of $7.03 billion and EPS of $1.82, which however included an 11 cent legal benefit, beating expectations $1.57 and 27 cents higher than a year ago, on “managed” revenue of $26.4BN, beating consensus expectations of $25.1BN. JPM reported average core loans […]
EC Low-Volatility Stocks Are Having A Rough Summer
Stocks that exhibit low volatility are prized as a risk factor that’s expected to beat the broad market over time with a smoother rise, according to academic research and countless backtests. Real-world returns, however, reflect mixed results in recent years, based on representative ETFs. Meanwhile, some analysts have been warning in recent months that low-vol […]
Sensex Ends Marginally Lower; Software Stocks Fall On Muted Results
Indian share markets finished marginally lower in the afternoon session. At the closing bell, the BSE Sensex stood lower by 17 points, while the NSE Nifty finished down by 5 points. Meanwhile, the S&P BSE Mid Cap finished up by 0.2% & the S&P BSE Small Cap finished down by 0.4%. Gains were largely seen in PSU stocks, pharma stocks, and energy stocks while, software stocks finished in red. Infosys […]
Morning Call For Friday, July 14
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 -0.04%) this morning are down -0.03% ahead of data on U.S. consumer prices and industrial production. Losses were limited with JPMorgan Chase up nearly 1% in pre-market trading ahead of its quarterly earnings results due this morning. European stocks are up +0.09%, led by gains in energy […]
USD/JPY And AUD/USD Forecast – Friday, July 14
USD/JPY The US dollar had a volatile session on Thursday, as we continue to go back and forth just above the 113 level during the Janet Yellen congressional testimony. With the action that we have seen this week, it appears that the market is trying to roll over a bit, and if we break down […]
Aussie Scales New Highs For The Year, As The Greenback Remains On The Defensive
The Australian dollar has taken over leadership in the dollar bloc from the Canadian dollar. The Aussies are up about 0.35% today to extend this week’s gains to more than 2% and reach a new high for the year a little more than $0.7760. The Canadian dollar is up 1.1% this week, in comparison. The […]
Global Shares Hit Another Record High In Lethargic Session Ahead Of US Data Deluge
It was another painfully low-volume overnight session, which however did not prevent global stocks from hitting another record highs, capping their best week in over two months as the dollar stayed close to nine-month lows following Yellen’s dovish retreat in which she noted caution on persistently low inflation (hence today’s CPI print will be especially […]
Cryptocurrency: Bitcoin Charts Show Conflicting Signals; Ethereum Falls
After a tough week in the cryptocurrency space with all major digital currencies registering a negative performance, market heavyweight BTC has stabilized and may be looking to re-coup some of its losses. A look at the daily chart shows a potential bullish pennant formation, although the lower-high/higher-low pattern normally seen is not quite so distinct. […]
Weekend Reading: Yellen Lets Doves Fly
As I noted in yesterday’s missive, Yellen’s recent testimony on Capitol Hill sent robots frantically chasing asset prices on Thursday even before testimony began. The catalyst was the release of prepared testimony which included this one single sentence: “Because the neutral rate is currently quite low by historical standards, the federal funds rate would not have to rise […]
