Category Archive: Finance, No picture
Watch These Important Levels In Leading Financial Stocks
The constant battle between Financials and Tech stocks for market leadership continues with most financial stocks slipping lower today to key support levels. In tonight’s video, I walk you through the broader XLF then pinpoints key levels in leading stocks such as WFT, JPM, GS, and V and ends with a comparison of what’s happening […]
US Budget Deficit Nearly Doubles In August: Treasury Dept Cites Holiday Schedule
A Treasury report shows the budget deficit exploded higher in August. The Treasury blames a holiday calendar. The Monthly Treasury Report does not look pretty. The US government ran a $214 billion budget deficit in August of 2018 compared with a $107.7 billion budget deficit in August 2017. The report shows a 30% rise in outlays. Monthly […]
4 Insurance Bets For Safe Returns Amid Hurricane Concern
Hurricane Florence brings back memories of last year’s devastation when a host of hurricanes wreaked havoc in parts of the United States. A hurricane season typically starts in June and lasts through November during a year, gathering strength in August and September. Colorado State University has predicted a below-normal season this year with a total […]
JPMorgan Warns Q3 Revenue Will Be Down From A Year Ago
With less than three weeks to go until the end of the quarter, the profit warnings are starting to emerge, and today none other than JPMorgan warned that its Q3 trading revenue would be down compared to 2017. Speaking at a New York conference, CFO Marianne Lake said that “our markets revenues will be down […]
The State Of Emerging Market Currencies
Emerging market currencies have been falling steadily since the start of the year due to global trade tension and higher oil prices. The ruble is down 17 percent year to date due to fears of more U.S.-imposed sanctions while the lira has fallen 40 percent as Turkey faces stagflation and political instability. Video Length: 00:01:40 […]
America Trying To Rekindle Trade Negotiations With China; Apple Releases New IPhones
Hurricane Florence’s Effect On Stocks Hurricane Florence’s wind speed has fallen to 110 miles per hour which is a modest help for the southeast as it braces for the major hurricane. The other change in the situation is the expected landfall has shifted south, meaning the principle impacts will be in Wilmington, North Carolina and […]
Trade-Sensitive Sector ETFs & Stocks To Watch On Talk Hopes
Concerns over Trump’s protectionist trade stance have been playing foul in the stock market. In fact, the escalation of the President’s tariff threat on additional Chinese goods led to a tumultuous Wall Street ride last week. However, the negative sentiments seem to be reversing, given the hopes of fresh talks between the United States and […]
AUD/USD Carves Higher Highs & Lows With US Retail Sales On Tap
AUSTRALIAN DOLLAR TALKING POINTS AUD/USD extends the advance following the 44.0K expansion in Australia Employment as updates to the U.S. Consumer Price Index (CPI) highlight a limited risk for above-target inflation, and the exchange rate may stage a larger recovery over the coming days as it carves a fresh series of higher highs & lows. AUD/USD CARVES HIGHER […]
Dollar Index Head-And-Shoulders Pattern In Play After Weak Inflation Data
With three central bank meetings on the schedule today (see my colleague Fawad Razaqzada’s reports from earlier today for previews and recaps of the BOE, ECB, and CBRT meetings) , FX traders have been understandably focused away from the world’s reserve currency. However, dollar bulls who were keyed in on this week’s inflation data were no doubt disappointed. After last […]
CPI-U +0.2%, Core +0.1%: Medical Care And Shelter Components Wildly Understated
The CPI came in under expectations across the board. I question shelter and medical components. The Econoday consensus estimates for CPI were 0.3% for CPI-U, 0.2% for the core CPI, and +2.8% year-over-year. Econoday Comments Contraction in medical costs and apparel and only a marginal increase in food all held down consumer prices in August. Consumer prices […]
