Category Archive: Finance
Stocks, Bonds Plunge In Turkey As Spat With U.S. Spills Over
Late Sunday evening we explained how Turkish autocrat and genocidal goblin, Recep Tayyip Erdogan, has engineered a diplomatic crisis with the U.S. by effectively taking hostages and demanding the extradition of arch nemesis Fethullah Gulen in exchange for their release. Washington has been putting up with this for quite a while, but last week’s arrest of a U.S. Consulate […]
Global Markets Bounce As Germany, China, Spain Lift World Stocks, Turkey Crash Ignored
With no North Korean nuclear test over the weekend contrary to a Friday morning rumor, S&P futures rebounded and edged higher as European stocks gain, led by Spanish shares after mass demonstrations in favor of Spanish unity and speculation Catalonia may back down on unilateral independence demands, while Chinese mainland stocks reopened catching up to […]
The Last Week’s Trading Activities In Perspective
Last week was another positive affair for the world’s major markets with all making ground. In this summary, we will also look at how the markets and currencies fared over Q3. In Europe over the course of the week, the FTSE was up on last week’s close by 2% at 7522.9, it rose by 2.3% […]
Stocks In Emerging Markets In The Lead Last Week
Equities in emerging markets posted a solid gain in the first week of October, marking the strongest weekly advance among the major asset classes, based on a set of exchange-traded products. Vanguard FTSE Emerging Markets (VWO) jumped 1.8% for the five trading days through Oct. 6. The advance marks the first weekly increase for the fund in […]
Japanese Yen May Weaken As Risk Appetite Recovers
The New Zealand Dollar underperformed in otherwise quiet Asia Pacific trade, hurt by political uncertainty as the ruling National and opposition Labour parties attempt to craft a ruling coalition following an inconclusive general election. Either side could cobble together a Parliamentary majority with the help of the nationalist NZ First grouping. Its leader Winston Peters has until […]
EUR/USD: Test Of The B-B Channel Expected
Previous: On Friday the 6th of October, trading on the euro closed up. Before the US data was released, the euro/dollar pair was trading within a 30-pip range of 1.1686 to 1.1716. Volatility on the pair surged as the NFP report was being published. The rate initially reacted with a 40-pip drop to 1.1670, followed by […]
Netflix Price Target Raised To $228 From $212 At Loop Capital
Loop Capital analyst David Miller raised his price target for Netflix shares to $228 ahead of the company’s Q3 results on October 16. The streaming service closed Friday up $3.63 to $198.02. The analyst expects Netflix to report net subscriber additions of 4.37M in Q3. The price raises announced last Thursday on the two premium […]
Good, Bad And Ugly NFP, Catalan Crisis Update
The messy jobs report provides another mystery, in addition to the absence of inflation. We begin with run-down of the NFP and the implications for the Fed, continue with the Catalan crisis and preview the upcoming events. NFP analysis: The hurricanes totally distorted the jobs report. A rare drop in the number of positions was […]
September 2017 Letter To Investors
September was a solid month for the Dividend Growth portfolio, as it retuned 1.02% for the month. This underperformed the 1.93% return for the S&P 500, but the portfolio also started the month with a larger-than-usual allocation to cash. The portfolio remains moderately cash heavy, with 10% allocated to cash as of month end. But as we […]
Monday Oct. 9 Outlook
Welcome to the weekly outlook starting this Monday, October 9. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. It’s a heavy data week ahead with plenty of action across all global markets. Keep an eye also on Friday as key inflation figures are due for the US […]
