‘Investors’ Haven’t Bought Tech Stocks Like This Since Bernanke Hinted At QE2 In 2010
Jul 18, 2017
Jeremy Parkinson
Finance
Investors piled $2.7 billion into QQQ (the benchmark ETF tracking the Nasdaq 100 Index) in the five days through July 14 as shares in the fund posted their biggest advance this year. As Bloomberg notes, the biggest weekly inflow since September 2010 came as the tech-heavy index – with megacaps Apple, Amazon, Facebook, and Alphabet among its […]
Whitestone REIT: Tantalizing 9% Dividend Yield Appears Covered, But High Debt Is A Lingering Concern
Jul 18, 2017
Jeremy Parkinson
Finance
Real Estate Investment Trusts are popular investments among income investors, for obvious reasons. They are required to pass along the vast majority of their earnings in order to retain a favorable tax structure, which results in some eye-popping yields across the REIT asset class. For example, Whitestone REIT (WSR) has a 9% dividend yield, which […]
AUD/USD Tops 0.79 On RBA Bullishness, USD Weakness
Jul 18, 2017
Jeremy Parkinson
Finance
AUD/USD was capped by the April 2016 high of 0.7840 and formed a double top. This did not last too long. A double-whammy of events sent the pair shooting higher. The pair is at the highest level in 26 months. AUD/USD is currently trading at 0.7915 and the high so far has been 0.7923. Will it […]
Gold And GDX Trading Cycle
Jul 18, 2017
Jeremy Parkinson
Finance
Short term we have started a new Trading or Daily Cycle. The much bigger question is have we also found a 5-6 month Intermediate Cycle Low? That is still an open question. I have Gold on day 4 and GDX on day 5 of their new Trading/Daily Cycles. The weekly view on both shows the […]
Gold Rises In Asia Trade
Jul 18, 2017
Jeremy Parkinson
Finance
Gold prices ended Monday’s session up 0.4% at $1233.76 an ounce on growing perception that the U.S. central bank may be less willing to lift borrowing costs for a third time this year. Confirming that the previous resistance at $1228, which was broken on Friday, now flipped to support encouraged buyers and pushed prices higher […]
Global Asset Allocation Update: Not Yet
Jul 18, 2017
Jeremy Parkinson
Finance
There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are no changes to the portfolio this month. Growth and inflation expectations rose somewhat since last month’s update. The change is minor though and within the range of […]
Stocks Watchlist: AMZN, CELG, ASH
Jul 18, 2017
Jeremy Parkinson
Finance
Today’s stock picks Long Amazon (AMZN) Long Celgene (CELG) Short Ashland Global (ASH)
Rydex Trader Bullishness Surpasses 2000 Tech Bubble
Jul 18, 2017
Jeremy Parkinson
Finance
Jason Goepfert at SentimenTrader—the definitive source for sentiment data on stocks, bonds, and commodities—has been tweeting out a few warnings signs regarding “excessive optimism” in the stock market, so we decided to have him back on Financial Sense Insider for an update. The last time we spoke with Jason Goepfert was in May of 2015 where he explained that most sentiment […]
Sensex Plunges 240 Points; ITC Stock Price Crashes
Jul 18, 2017
Jeremy Parkinson
Finance
Asian equity markets are lower today after a muted session on Wall Street and a mini-crash in Chinese stocks yesterday that some have deemed a “Black Monday” on the mainland. The Shanghai Composite is off 0.31% while the Hang Seng is down 0.21%. The Nikkei 225 is trading down by 0.63%. US equities fluctuated on Monday as investors geared up […]
Chart Of The Day – Third Times A Charm?
Jul 18, 2017
Jeremy Parkinson
Finance