Category Archive: Finance, No picture
Gold Prices May Fall If PCE Data Puts Fed Outlook Back In Focus
Gold prices marked time Wednesday, managing a narrow retracement following the prior day’s weakness but falling short of substantive trend development. Perhaps tellingly, it was unable to capitalize even as cross-winds from a Brexit-inspired GBP/USD rally weighed on the US Dollar. The greenback’s weakness is typically a boon for the anti-fiat yellow metal. Crude oil prices began the day with a […]
AUDUSD Daily Analysis – Thursday, August 30
AUDUSD failed to break above 0.7381 resistance and pulled back to 0.7275. Lengthier sideways movement in a trading range between 0.7202 and 0.7381 could be expected in the coming days.
Indian Indices Open Marginally Lower; Banking And Energy Stocks Witness Selling
Asian shares are trading on a mixed note today. The Nikkei 225 is up 0.1% while the Hang Seng is down 0.7%. The Shanghai Composite is trading down by 0.8%. Back home, India share markets opened the day marginally lower. The BSE Sensex is trading down by 31 points (down 0.1%) while the NSE Nifty is trading down by 13 points (down 0.1%). The BSE Mid Cap index […]
The Economy: Winter Is Coming
Fans of HBO’s hit series Game of Thrones know well the motto of House Stark: “Winter is Coming.” This motto warns of impending doom, whether brought on by the Starks themselves, devastating multi-year, cold weather, or something far more ominous north of the Wall. At least since Soviet economist Nikolai Kondratieff wrote The Major Economic Cycles in 1925, recessions […]
Investors Have Misdiagnosed Amazon’s Push Into The Pharmacy Business
Companies everywhere, in every business, are paranoid about Amazon.com. This sort of paranoia is healthy for the long-term well-being of our investment portfolio, as it is creating interesting buying opportunities. A case in point: My firm spent a lot of time thinking about pharmacies when we were analyzing investments in McKesson and other drug distributors. We struggled […]
Tesla’s Entire Internet Network Down: Some Use It To Unlock Or Start Their Cars
[TM Editor Update: As of time of publication the network was not fully back up from the outage that began about 3:30PM ET.] Tesla, we have a problem. I cannot unlock my car. Electrek reports Tesla’s Fleet Internet Network is Down. Tesla’s fleet network connection, which is an increasingly important feature for owners, is currently […]
S&P 500 Hits 2,900: Best Performing Stocks YTD
Thanks to easing trade tensions and the U.S.-Mexico deal, the country’s stock market continues to enjoy the longest bull run since World War II. Notably, the S&P 500 hit 2,900 for the first time in history and closed at record highs for the third consecutive session. The index is up 8.4% so far this year. […]
7 Charts On Quantitative Tightening
As the Fed is steadily progressing through its balance sheet normalization plan, it’s worth checking in on a few charts that highlight the path to normalcy, and some of the potential stumbling blocks along the way. This article provides an update and follows on from a previous post “5 Charts on Quantitative Tightening”. The beginning […]
