Category Archive: Finance, No picture
Junk Bond Bubble In Six Images
The junk bond to BBB-rated bond spread and the spread between AAA to BBB bonds shows amazing complacency. It won’t last. Fallen Angels BBB-rated bonds are just one notch above junk (also called high-yield). Fallen angels are bonds that slip from BBB to junk. The lead chart shows what happens to “fallen angels” during recessions. […]
ISM Manufacturing Index: Expansion In October
Today the Institute for Supply Management published its monthly Manufacturing Report for October. The latest headline Purchasing Managers Index (PMI) was 57.7 percent, a decrease of 2.1 percent from 59.8 the previous month. Today’s headline number was below the Investing.com forecast of 59.0 percent. Here is the key analysis from the report: “The October PMI® registered 57.7 percent, a decrease […]
Gold Prices Risk Larger Advance As Bearish Sequence Snaps
The pullback from the October-high ($1243) unravels, with the recent weakness in gold accompanied by a decline in market participation, and the latest price action raises the risk for a larger advance as bullion snaps the series of lower highs & lows carried over from the previous week. GOLD PRICES RISK LARGER ADVANCE AS BEARISH SEQUENCE SNAPS […]
Is The Fed Engineering A Market Crash?
Can the Fed cause a market crash? In 2017 Fed Chair Janet Yellen reassured us: “Would I say there will never, ever be another financial crisis? …. That would be going too far but I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will […]
Teva Beats On Q3 Earnings, Lags Sales, Shares Up
Israel-based Teva Pharmaceutical Industries Ltd. (TEVA – Free Report) is a global pharmaceutical company with a strong presence in the generics as well as branded markets. The company’s branded products include Copaxone (multiple sclerosis), Azilect (Parkinson’s disease), Austedo (chorea associated with Huntington’s disease and tardive dyskinesia) and respiratory products like ProAir and Qvar. Teva is facing significant challenges in […]
10 Terms You Need To Know Before Trading The Forex
Before you invest a single cent, get familiar with the lingo. Check out our list of terms every Forex trader should know. Base currency: The currency where investors keeps their accounts, and the currency against other currencies are quoted. In the Forex market, the U.S. dollar is normally considered the “base” currency for quotes, meaning […]
Markit Manufacturing PMI: Strong Improvement In October
The October US Manufacturing Purchasing Managers’ Index conducted by Markit came in at 55.7, up 0.1 from the 55.6 final September figure. Markit’s Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is an excerpt from Chris Williamson, Chief Business Economist at IHS Markit […]
Just In Time Stimulus: Fed Proposes Looser Rules For Large U.S. Banks
The Fed’s proposal marks one of the most significant rollbacks of bank regulations since Trump took office. The Wall Street Journal reports Fed Proposes Looser Rules for Large U.S. Banks The Federal Reserve announced one of the most significant rollbacks of bank rules since President Trump took office with a proposal for looser capital and liquidity […]
