Category Archive: Finance, No picture
Kroger: Can Next Year Repeat 2018’s Market Gains?
This week I’m seeking a prestigious and long-term dividend paying stock from the consumer defensive sector. That defensive sector includes thirteen industries all related to providing those convenient packaged goods we’ve just gotta have. Industries like: beverages, brewed, soft, or distilled; confections; discount stores; education & training; farm products; food distribution; grocery stores; household & […]
New Home Sales Rise Following Huge Two-Month Downward Revisions
I apologize for the diversion from political slime into actual economic reporting. But let’s discuss new home sales. Hooray! The census bureau reports new home sales rose 3.5%. There’s only one problem: revisions. From Econoday At 629,000, August’s annualized sales pace for new homes came in right at expectations but is offset by sharp downward revisions to the […]
US Dollar, Yen Aim Higher As EU Politics Help Spoil Market Mood
The US Dollar traded broadly higher in Asia Pacific trade as regional investors took their turn to price in the outcome of the FOMC rate decision. The greenback rose despite a broadly status-quo outcome in a move that probably reflected a shift back to focus on the widening policy divergence between the Fed and its G10 counterparts, as […]
Sensex Down 180 Points; Realty Stocks Tank
After opening the day flat share markets in India are trading on a negative note and are presently trading below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the realty sector and stocks in the capital goods sector witnessing maximum selling pressure. The BSE Sensex is trading down by 182 points (down 0.5%) and the NSE Nifty is trading […]
Top 5 Charts Of The Week – Thursday, Sept. 27
In this video we run through the free weekly email newsletter “The Top 5 Charts of the Week” and add a bit of extra comments and context. It’s a useful tour across some of our latest work and thinking and just a great selection of global macro/market charts. This week we look at the following […]
How Are Median Americans Doing?
What makes economics more frustrating than investing is that the truth is never completely settled. When you buy a stock with the plan to hold it for 5 years, the price in 5 years is guaranteed to tell you whether it was a good investment or not. Economic analysis is never complete because there will […]
Bank ETFs In Focus As Rates Rise
The two-day Federal Reserve Open Market Committee (FOMC) meeting has started on Sep 25. Per the CME Group FedWatch Tool, the odds of a rate hike are 94%, which will be the eighth-rate hike since December 2015. The popular Financial Select Sector SPDR Fund (XLF – Free Report) had inflows of $995 million over the past week (as of Sep […]
AUD/USD Daily Analysis – Thursday, Sept. 27
AUD/USD is facing 0.7236 support, a breakdown below this level would indicate that the upside movement from 0.7085 had completed at 0.7314 already, then further decline to 1.7150 area could be seen. On the upside, as long as 0.7236 support holds, the upside movement could be expected to resume, and one more rise towards 0.7350 […]
Argentina Gets Record $57 Billion As IMF Boosts Bailout, Creates “No Intervention” Zone For The Peso
Just a few months after the IMF announced in June what was a record-setting $50 billion, 36-month bailout agreement with Argentina, the International Monetary Fund said it would expand the credit line to $57 billion in an attempt to halt the economic and financial crisis that has sent the country’s currency plunging over 50% this year, and […]
2 Reasons The Surging Deficit Worries Me
If you’ve been reading my work for any of the last 10 years you know that I’ve sounded like a broken record for much of that time – the USA isn’t bankrupt, interest rates aren’t going to rise significantly and inflation is contained. All of this was based on an operational understanding of the monetary system within […]
