Category Archive: Finance, No picture
Housing Starts Jump 9.2%, Permits Decline 5.7%
Housing starts are up but permits are down. The overall level of activity is less than we say in 1962. This morning, the Census Bureau released its New Residential Construction Report for August. Building Permits Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,229,000. This is 5.7 percent […]
How Do The Rich Get Richer? It’s Probably Not From Chasing Performance
The world’s richest are getting richer. In fact, the top 1% in terms of wealth ownership are well on track to control two-thirds of the world’s wealth by 2030, as reported by the House of Commons library, a research arm of the UK’s parliament.12 In light of this growing inequality, is there a way to […]
The Bullish Case
Some investors see daily moves of hundreds of points in the Dow Industrials and say that the market is just too volatile for them, they want no part of it. Wrong. Volatility is actually low. In fact, there hasn’t been even a modest 11-percent decline since February of 2016. Why is volatility low? Why are […]
Brazil Money Math
On June 10, 2013, Brazil’s central bank announced an allotment of 40,000 currency swap contracts at an auction. This was the second operation carried out in short order that month, following weakness in the real, Brazil’s currency (BRL), against the dollar. In order to forestall any further declines, central bank intervention has long been a […]
GBP/USD Swings On CPI, Brexit As The US Dollar Digs Into Support
BRITISH POUND SWINGS ON CPI, BREXIT HEADLINES The big mover so far on the morning is the British Pound, which has caught pushes in both directions so far on the day. The first move in the currency after the Euro open was bullish, as prices jumped-higher upon the release of August inflation numbers. But shortly after that spike, negative […]
DXY Index Lingers Near August Swing Lows For Fifth Day
The US Dollar (via the DXY Index) continues to fight off attempts to push it lower, with yesterday’s doji bar forming at critical support over the past three-plus weeks. Now, price is testing the late-August swing lows for the fifth consecutive day, a sign that market participants are not quite ready to choose a direction for the […]
Sensex Ends 170 Points Lower, Realty And FMCG Stocks Witness Selling
After opening the day on a positive note, share markets in India witnessed volatile trading activity and ended in the red. Sectoral indices traded in red, with stocks in the realty sector, and FMCG sector leading the losses. At the closing bell, the BSE Sensex stood lower by 170 points (down 0.5%) and the NSE Nifty closed down by 45 points (down 0.4 %). […]
Banking On Europe
Last week was central bank week in Europe, as both the European Central Bank (ECB) and the Bank of England (BOE) held policy meetings on the same day. The outcomes of these events did not necessarily break new ground, but the results did offer some guidance for the U.K. and eurozone bond markets going forward. More specifically, […]
A Tale Of Two Consumer Sector Returns: Discretionary Vs. Staples
Ahead of revisions to the US equity sector landscape in a few days, the existing definitions show that consumer discretionary, technology, and health care shares continue to lead this year, based on a set of exchange-traded funds. The upcoming reshuffling may reorder the horse race, but for now these three sectors are the dominant year-to-date performers through […]
Six Flags Has 20 Parks And Plans To Grow
This week I’m seeking a prestigious and long-term dividend-paying stock from the consumer cyclical sector. That cyclicals sector includes twenty-eight industries ranging from Advertising Agencies to Apparel, Autos, Broadcasting, Department Stores, Gambling, Leisure, Lodging, Packaging, Personal Services, Shoes, Restaurants, Rubber, Plastics, Textiles, and all such consumer aimed enterprises. Today I’m reviewing a mid-cap leisure firm […]
