Category Archive: Finance, No picture
Fed On Course For December Rate Hike: 5 Bank Picks
As was widely expected, the Fed kept interest rates unchanged at the end of its latest two-day policy meeting. However, it indicated that gradual increases are in store in the near future. It also expressed confidence in the economy while noting that business investment has slowed somewhat. However, it refrained from sounding alarmist on issues […]
RecessionAlert Weekly Leading Index Update – Friday, November 9
The latest index reading came in at 9.6, down from the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes that WLEI […]
USD/CAD Bulls Break Resistance, Traders Eyeing Summer Highs
USD/CAD has broken out of its 4-month bearish channel this week, potentially opening the door for further strength in the coming week.
Big US Stocks’ Q3’18 Fundamentals
The widely-held mega-cap stocks that dominate the US markets are just wrapping up another blockbuster earnings season. Sales and profits soared largely due to Republicans’ massive corporate tax cuts. Still these lofty stock markets are vulnerable to serious downside, as October’s brutal plunge proved. Such extreme revenue and earnings growth cannot persist, and valuations remain […]
Play Exxon Mobil’s Q3 Earnings Beat With These 3 Funds
Exxon Mobil Corporation’s (XOM – Free Report) third-quarter earnings exceeded expectations. The oil and natural gas behemoth’s strong third-quarter results were aided by robust oil and gas prices as well as healthier fuel margins. Exxon Mobil’s encouraging earnings results had a positive impact on the energy sector and boosted investors’ sentiment. Following the promising development, investing in […]
USD/JPY Bullish Sequence Fizzles As U. Of Michigan Fails To Impress
The recent rally in USD/JPY appears to be sputtering ahead of the 2018-high (114.55) as the U. of Michigan Confidence survey does little to boost the economic outlook, and recent price action raises the risk for a larger pullback as the exchange rate fails to extend the series of higher highs & lows from earlier […]
Beware The ‘Tightening Tantrum’ And Fear The ‘Lights-Out’ Trade
Before you get too swept up in the prospects for a squeeze higher in equities into year-end, don’t forget that the confluence of bullish technicals which have variously conspired to ignite a powerful rally of the late October lows are playing out against a backdrop of tightening financial conditions. That’s the message from Nomura’s Charlie […]
Retail ETF (FTXD) Hits New 52-Week High
For investors seeking momentum, First Trust Nasdaq Retail ETF (FTXD – Free Report) is probably on radar. The fund just hit a 52-week high, and is up roughly 27.3% from its 52-week low price of $19.48/share. But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on […]
EUR/USD Threatens Yearly Low As Euro Worries Back In The Spotlight
RETURN OF THE RISK TRADE UNDER REVIEW AS EUROPEAN WORRIES MOVE BACK TO MAIN STAGE It’s been an encouraging November thus far, for the most part, and this follows what had become a worrisome month of October as the risk trade pretty much collapsed the world around. While all of the Dow, Nasdaq 100 and S&P 500 all set fresh […]
Here’s What’s Important For Investors – Fed Policy, Energy Sector, Metals, And Trade
Chris Temple joins me today to recap the last three days in the markets and his thoughts on the election and Fed statement. The key markets to note include the divergence in the energy sector between oil and natural gas, the metals continuing to sell off (this time it includes precious metals and base metals), […]
