Category Archive: Finance
3 Reasons To Sell EUR/USD – Structural Bearishness
EUR/USD is beginning to climb down the Draghi-backfire tree but around 1.11, it still remains elevated. The team at Morgan Stanley explain why they expect further downside. Here are their 3 reasons: Here is their view, courtesy of eFXnews: We remain bearish on EUR on a structural basis, looking for a move to parity against USD […]
Singapore It On
If you follow us on Twitter (@360Research), it’s not a secret that we’ve been talking about emerging markets and other international indexes outperforming US stocks. One such market is in Singapore. After seeing the Straits Times index decline 30% over the last year, we’re now seeing new demand enter Singaporean stocks. The Straits Times Index is […]
EC Feeble Arguments Against A Rate Hike
We look forward to a week filled with data including CPI, the Empire Manufacturing report, Housing Starts, Industrial Production, and Existing Home Sales – not to mention the important primary election contests in Ohio and Florida tomorrow. But at the top of the list of important events is the FOMC meeting on Wednesday. The consensus […]
S&P 500 Snapshot: Monday Doldrums Before The Fed Meeting
Before the US market opened Global equities had extended their Friday gains. The Shanghai Composite had risen 1.76% and the Nikkei 1.74%. European indexes were a bit less energetic. The Euro STOXX 50 would subsequently close with a 0.59% gain. But US equities didn’t follow suit. Our benchmark S&P 500 traded in its narrowest range […]
Goldman: “The S&P 500 Is Overvalued”
Three weeks ago, when looking at the incoming Q4 results, we were stunned by an unprecedented divergence: that of GAAP and non-GAAP earnings. We showed this difference as follows: … and noted that while on a non-GAAP basis, the S&P’s trailing P/E is a relatively rich 16.5x (over 17x as of today), it was the GAAP […]
Think Brazil’s Scandals Have Nothing To Do With US Banks? Guess Again
This weekend, millions of Brazilians took to major city streets (again) to protest the hydra of corruption gushing from Petrobras, Brazil’s largest oil company and the government amidst deepening economic recession. Calls for the impeachment of sitting Workers’ Party (PT) president (and former Chair of Petrobras), Dilma Rousseff filled the air.(I can’t wait to see […]
Gold Stock Correction Starting?
Not so fast folks. Per an NFTRH update this morning GDX is not yet indicated to be correcting and I sold my DUST positions (sorry, I did not make a public announcement as I did with the NUGT short; this is cracked out day trader stuff and I am not obliged to publicly note everything I do) […]
4 Dividend-Yielding Oil Stocks To Buy As Prices Rise
Oil prices recovered on Friday after a report from the International Energy Agency (IEA) and forecasts from leading financial institutions indicated that prices may have bottomed out. This follows a steady recovery in oil prices from their late January lows. Since then, oil prices have rallied nearly 45% to hover around the $40 mark. […]
Retirement FinTech Gets Another Suitor – Goldman Sachs
No sooner had I written “Financial Technology and the Fiduciary Rule,” an invitation to the Future of Finance 2016 appeared in my in-box with the call-out that “Technology is about to revolutionise financial services.” (Note the British spelling for this Oxford conference.) Based on session titles, attendees will hear about topics such as how technology can: Be […]
SP 500 And NDX Futures Daily Charts – Little Conviction In ZombieLand
Stocks drifted higher during much of this very low volume, sleepy day. They gave up the best of their gains into the close. This is a market that is ‘marking time’ for a catalyst, perhaps the FOMC meeting on Wednesday the 16th. There is little expectation that the Fed will do anything at this meeting, […]
