Category Archive: Finance, No picture
GBP/USD In Focus As Brexit Grabs Attention; USD Pullback Continues
GBP/USD IN FOCUS AS BREXIT COMES INTO FURTHER VIEW It’s a big day in the UK and we will likely see updated headlines throughout the session. Brexit negotiators have come to an agreement on a proposed deal, and at this point, Theresa May needs to sell it to her cabinet to gain approval. This appears […]
Volatility Expected On The GBP/USD Pair As Traders Look For Direction On Brexit
On Monday, sterling had a volatile day as traders received mixed news about the ongoing Brexit news. As a result, traders pushed the GBP/USD pair to a weekly low of 1.2695. After that, traders started receiving optimistic news again. This led the pair to climb to continue moving up. Yesterday, the positive news was confirmed […]
2 Funds To Gain From Strength In U.S. Insurance
A spate of natural disasters, an aging American population and increased number of vehicles on the roads have resulted in increasing prices of insurance premiums. Further, a number of mergers in the pipeline have resulted in the firming up of the insurance industry. Consequently, insurance buyers have been facing extreme price pressure. Under such circumstances, […]
What Inflation Means To You: Inside The Consumer Price Index – Wednesday, Nov. 14
Note: The charts in this commentary have been updated to include this morning’s Consumer Price Index news release. Back in 2010, the Fed justified its aggressive monetary policy “to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate” (full text). In effect, the Fed has […]
Macy’s Raises FY Revenue And Earnings Guidance
CNBC’s ‘Squawk Box’ team discusses Macy’s quarterly earnings. CNBC’s Courtney Reagan joins and reports on comments from Macy’s CEO Jeff Gennette.
Guggenheim Sees 5% Iphone Drop Next Year, Downgrades Apple To Neutral
Guggenheim analyst Robert Cihra downgraded Apple (AAPL) to Neutral from Buy and removed his prior $245 price target for the shares. The stock closed yesterday down $1.94 to $192.23. The average selling price of the iPhone has increased a “dramatic” $220, or 40%, over the past 10 years, reflecting its “growing value to both consumer […]
Behavioral Risk Is Highest In The Early Years Of A New Investment
It’s old news that managing expectations is usually the main challenge in finding success with an investment strategy. To paraphrase Pogo in the quest to earn a respectable return through time, we’ve met the enemy of prudent behavior and he is us. Less obvious is the tendency for this behavioral risk to go to extremes […]
Can OPEC Save Oil?
Oil prices plunged in an epic collapse after OPEC failed to respond to President Donald Trump’s tweet that “ Hopefully, Saudi Arabia and OPEC will not be cutting oil production.” The market tanked as they felt that OPEC remained silent and that silence was deafening. The market was saying that OPEC may not have the guts […]
Consumer Price Index: October Headline At 2.52%
The Bureau of Labor Statistics released the October Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 2.52%, up from 2.28% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 2.14%, down from the previous month’s 2.17% and above the Fed’s 2% PCE target. Here […]
UBS Drops Apple Price Target To $225 From $240 On Supply Chain Cuts
UBS analyst Timothy Arcuri lowered his estimates for Apple (AAPL) citing cuts in the company’s supply chain. The analyst believes Apple in the past week has cut 6M-7M out of the original 63M build for new iPhone models, with the cut evenly split between the XS Max and XR models. On a net basis, however, […]
