Category Archive: Finance
Breaking Out Of The Channel
The Dow hits new highs, S&P 500 & Nasdaq not far behind. The S&P has rallied 31 points off of the Tuesday’s lows when Don Jr.’s emails hit the wire. Yeah, it actually sparked a sell-off, but like all sell-offs, it was short lived. Instead, stocks are staring down the barrel of all-time highs, and […]
Oil Hovering Around The Lowest Level Since November
For the past four weeks including this week’s trading so far, Crude Oil has been trading within a range of $5, whether in Brent or WTI with no clear direction. Brent Crude was in the range between $45 and $50, while West Texas Crude managed to trade between $47 and $42, despite the fact that […]
June 2017 Producer Price Final Demand Year-Over-Year Inflation Moderates To 2.0%
The Producer Price Index year-over-year inflation marginally declined from 2.4 % to 2.0 %. Analyst Opinion of Producer Prices The Producer Price Index is now on a noticeable moderation cycle – with most components declining year-over-year. My only conclusion is that generally there is an overabundance of goods and services – despite the Fed’s insistence […]
Coffee – About To Perk Up And Breakout Here?
Coffee has been rather cold the past few years, as Coffee ETF (JO) has declined from $80 back in 2011 to $15 of late. This decline has created a interesting Power of the Pattern setup and drove away most bullish investors in Coffee. Below I look at Coffee ETF JO and the pattern it has been making […]
Great Graphic: Dollar Index Bottoming?
The Dollar Index set the year’s high on January 3 a little above 103.20. Today it made marginal new lows for the year at 95.464. The previous low, set at the end of last month was 95.47. As this Great Graphic from Bloomberg illustrates the downtrend is very much intact (white line) and has accelerated in the […]
“Yellen’s Surprise Comments Jolt Bond Market”
You could have knocked me over with a feather! (read “surprise comments” article here) Who knew? The Committee intends to gradually reduce the Federal Reserve’s securities holdings by decreasing its reinvestment of the principal payments it receives from the securities held in the System Open Market Account. Specifically, such payments will be reinvested only to the extent that […]
Yellen Trying To Ride Into The Sunset
Bernanke presided over the Great Financial Crisis of 2008. Greenspan had the 1987 crash, along with the 2000 DotCom bust. Volcker had the bond debacle of the early 1980’s and the subsequent Latin American debt crisis. For the past 35 years, every Fed Chairperson has been tested with some sort of financial event. Until now… […]
USD/CAD: What’s The Post-BoC Trade? – Nomura
The Bank of Canada raised rates and also pushed forecasts and expectations higher. USD/CAD tanked. Can the C$ continue higher? Here is their view, courtesy of eFXnews: Nomura Research continues to look for another BoC rate hike by December after the central bank raised the target for the overnight rate by 25bp to 0.75% at its July […]
Delta Air Lines, Inc. 2Q 2017 Earnings: Shares Fall After EPS Miss
Delta Air Lines (DAL) 2Q 2017 earnings report was released before the opening bell this morning. The company posted adjusted earnings of $1.64 per share on $10.8 billion in revenue, compared to the Wall Street consensus estimates of $1.66 per share and $10.8 billion. Delta Air Lines 2Q 2017 earnings report Delta reported GAAP earnings […]
Fed’s Beige Book Warns Of Declining Auto Sales, Sees Rising Benefit Costs Limiting Wages
While the Fed’s traditionally drab Beige Book is routinely ignored by the market, especially on blockbuster days like when Janet Yellen turns dovish again and then speaks for nearly 4 hours in the Senate, this time there were several notable highlights in the just released July edition, not least of all the apparent downgrade of the […]
