Category Archive: Finance, No picture
Bank ETFs In Focus As Rates Rise
The two-day Federal Reserve Open Market Committee (FOMC) meeting has started on Sep 25. Per the CME Group FedWatch Tool, the odds of a rate hike are 94%, which will be the eighth-rate hike since December 2015. The popular Financial Select Sector SPDR Fund (XLF – Free Report) had inflows of $995 million over the past week (as of Sep […]
AUD/USD Daily Analysis – Thursday, Sept. 27
AUD/USD is facing 0.7236 support, a breakdown below this level would indicate that the upside movement from 0.7085 had completed at 0.7314 already, then further decline to 1.7150 area could be seen. On the upside, as long as 0.7236 support holds, the upside movement could be expected to resume, and one more rise towards 0.7350 […]
Argentina Gets Record $57 Billion As IMF Boosts Bailout, Creates “No Intervention” Zone For The Peso
Just a few months after the IMF announced in June what was a record-setting $50 billion, 36-month bailout agreement with Argentina, the International Monetary Fund said it would expand the credit line to $57 billion in an attempt to halt the economic and financial crisis that has sent the country’s currency plunging over 50% this year, and […]
2 Reasons The Surging Deficit Worries Me
If you’ve been reading my work for any of the last 10 years you know that I’ve sounded like a broken record for much of that time – the USA isn’t bankrupt, interest rates aren’t going to rise significantly and inflation is contained. All of this was based on an operational understanding of the monetary system within […]
2018 Global Market Outlook – Q4 Update: Maximum Pressure
Synopsis Trade wars, the U.S. Federal Reserve (the Fed), China stimulus and the direction of the U.S. dollar dominate our near-term outlook. At this juncture, U.S. recession risks appear low. We believe that European growth can improve over the next couple of quarters. We view emerging markets as oversold but see a bounce as dependent on the […]
Markets Reject Fed Rate Hike
Stocks sell-off after the Fed rate hike and change in language in their statement. The Fed dropped the phrase that its policy remains “accommodative.” Video Length: 00:10:30
Foolish Nature Of Picking Winners: Trump’s Tariffs Cost Ford $1 Billion
The CEO of Ford says Trump’s tariffs on metals cost the company $1 billion. Who won? According to Ford’s CEO, Trump’s Tariffs on Metals Costs Ford $1 Billion. “From Ford’s perspective the metals tariffs took about $1 billion in profit from us”, CEO James Hackett said at a Bloomberg conference in New York, “The irony of […]
Medical Equipment ETF (XHE) Added To Tactical Sleeves
ETFs with solid momentum are currently focused on tech, health care and small-cap. Only 18 of 2051 ETFs passed our momentum screening filter rules. We further subjectively evaluated quantitative and qualitative data for the 18 and selected medical equipment ETF XHE as an addition to our tactical sleeve. The filter we use to select ETFs […]
Vehicle Miles Traveled: Another Look At Our Evolving Behavior – Tuesday, Sept. 26
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through August. “Travel on all roads and streets changed by +0.3% (+0.8 billion vehicle miles) for July 2018 as compared with July 2017. Travel for the month is estimated to be 288.1 billion vehicle miles”. The 12-month moving average was […]
Impossible Hawks
On December 8, 1940, Winston Churchill wrote to Franklin Roosevelt. The situation was indeed grim, France having fallen to the Germans and the United Kingdom pushed right off Continental Europe. Defeats in the Pacific were some of the worst in the long history of the British Nation. The battle was now raging over English skies, […]
