Category Archive: Finance, No picture
Trade Setups For Where This Market Is Headed Next
When the largest company on the planet lowers forward guidance the market listens. Stocks end the week lower led by AAPL. In this crucial weekend video newsletter update we focus on the opportunities in the coming week.
No, The Government Didn’t Cause Unemployment
There was a big blogosphere kerfuffle in the last few weeks between some Modern Monetary Theory (MMT) people and a bunch of economics and finance people I greatly respect (Simon Wren-Lewis, Jo Michell, Steve Keen, Frances Coppola, etc). MMT was, at times, pushing an extremist and combative narrative that I found deeply misleading so I wanted to […]
SPX Kiss Of Death
VIX probed slightly higher than the previous week on Monday, but couldn’t hold its altitude, closing beneath its weekly Cycle Top at 20.21. The Cycles Model weakness discussed last week came into play through Friday. However, this weekend is an important Cycle Pivot that may allow the rally to resume through the end of […]
Economic Data And Forecasts For The Weeks Of November 5 And 12
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of November 5 November 5 PMI Services Index 54.7 54.7 54.7 ISM Services – October 59.7 61.6 59.4 ISM Prices […]
Uneven Dollar Correction May Continue
The US dollar turned in a mixed performance last week. Favorable economic data and a recovery in equities helped the Antipodean currencies advance the most. The New Zealand dollar rallied nearly 2%, and the Australian dollar gained 1.5% on the week. Their central banks meet next week, but there is little chance of a change […]
S&P 500 Snapshot: Up 2.4% From Last Friday
The S&P 500 bounced back a bit since last week after a near correction. The index dropped on Monday but came back Tuesday, hovering around a 60 point margin for the rest of the week. It is down 0.63% from Thursday, but up 2.42% from last Friday. It is up a mere 1% YTD. The […]
ExxonMobil (XOM) Q3 Earnings Surpass Estimates, Improve Y/Y
Exxon Mobil Corporation’s XOM strong third-quarter 2018 results were aided by robust oil and gas prices along with healthier fuel margins. The largest publicly traded integrated energy company’s earnings per share of $1.46 surpassed the Zacks Consensus Estimate of $1.21. The bottom line also improved from the year-earlier quarter’s 93 cents. Total revenues in the quarter rose […]
E The Bank Of Canada Will Drop Anchor At A 3% Bank Rate
Behavioral economists have long warned policymakers of the dangers of “anchoring” on a specific number. So often, we anchor or latch onto a specific economic number which then we use to establish rules to make decisions regarding policy. Central bankers, for example, have anchored on the goal of 2% inflation and all decisions regarding interest […]
