Category Archive: Finance, No picture
A Look At Mortgage REIT ETFs Post Q3 Earnings
Flattening of the yield curve has acted as a headwind for mortgage REITs (mREITs) lately. This is because mortgage REITs borrow money at short-term interest rates and when they buy mortgages, they lend it at rates near the higher long-term rates. But overall, rising rate environment is a negative for the space known for hefty yields. (read: Fed […]
Kansas City Fed Survey: Activity Edged Higher In November
The Kansas City Fed Manufacturing Survey business conditions indicator measures activity in the following states: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, western Missouri, and northern New Mexico. Quarterly data for this indicator dates back to 1995, but monthly data is only available from 2001. Here is an excerpt from the latest report: KANSAS CITY, Mo. –The […]
Passive Investing Madness: 50,000 Stocks Vs 3.7 Million Indexes
There are 3.7 million ways you buy stocks and bonds without owning a single issue outright. Bloomberg reports there were 438,000 New Indexes Created Over the Last Year. Benchmarking giants like S&P Global Inc., MSCI Inc. and the London Stock Exchange Group Plc’s FTSE Russell created 438,000 new indexes over the 12 months through June […]
Week In Review: CStone Pharma, A Suzhou Oncology Company, Files For Hong Kong IPO
Suzhou’s CStone Pharma has filed for a Hong Kong IPO (see story). Founded in 2015, CStone has quickly built a portfolio of 14 oncology candidates. The company says its three core products are IO drugs — PD-1, PD-L1 and CTLA-4 antibodies — which will be paired with other of its assets to offer combination therapies. As […]
Dollar Correction To Continue
Sterling was the only major currency to have a worse week than the US dollar. Prime Minister May may have secured the wording for an agreement in principle with the EC and managed to get a majority of the cabinet to support it, but seems increasingly unlikely to pass the last hurdle, Parliament. US President […]
Sector Rotations Provide These Immense Opportunities
It was another fantastic week trading a two sided market. In this crucial weekend video newsletter update we take a look at which stocks money is flowing out of and which stocks money is flowing into. Watch the video and take advantage of these trading opportunities while you can.
Economic Data And Forecasts For The Weeks Of November 19 And 26
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of November 19 November 19 NAHB Index 68 68 68 November 20 Housing Starts – October 1.225M 1.201 1.240 […]
SPX Retests Trendline
VIX bounced off the low of November 8 to challenge its weekly Cycle Top at 20.40, but closed beneath it. Note the higher high and higher low as it gains technical strength. VIX is positioned for a resumption of the rally through the end of the month. Normal seasonality would call for calm through […]
