Category Archive: Finance, No picture
Wall Street Remains Firm Despite Volatility: 5 Growth Picks
On Oct 16, Wall Street rebounded from the rout it suffered in the last week. All three major stock indexes – the Dow, S&P 500 and Nasdaq Composite — closed significantly higher, marking their biggest single-day gain since Mar 26. This is a clear indication that the stock market meltdown in October was transitory in […]
Housing Continues To Weaken: Starts Decline 5.3%, Permits Down 0.6%
Starts, permits, and completions are down across the board as home buying continues to weaken. The Census Bureau New Residential Construction report for September shows housing continues to weaken. Housing Starts Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,201,000. This is 5.3 percent below the revised August estimate of 1,268,000 but […]
New Residential Housing Starts Down In September
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for September new residential housing starts. The latest reading of 1.201M was below the Investing.com forecast of 1.220M and a decrease from the previous month’s revised 1.2684M. Here is the opening of this morning’s monthly report: Housing Starts Privately‐owned housing […]
Tether’s Mysterious Crash: Is The Money Really There?
Tether is a crypto, supposedly pegged to the dollar. On Oct 14, it fell to $0.86. Long-standing concerns surfaced again. I will get to the new concerns in a moment, but first let’s review how Tether works as well as the long-standing suspicions. Please consider the Wall Street Journal April 12, 2018 article on the Mystery […]
E USD/MXN Eyeing 19.00
USD/MXN is now trading at the 18.81 area, unfolding an intra-day reversal up from the lows, which can suggest a minimum three-wave recovery in the near-term, ideally to around 19.00 zone. Now looking at a more detail view, we are tracking two counts on the pair; first one suggests a higher degree red wave C) […]
New Residential Building Permits: 1.241M In September
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for September new residential building permits. The latest reading of 1.241M was a decrease from 1.249M in September and below the Investing.com forecast of 1.278M. Here is the opening of this morning’s monthly report: Building Permits Privately‐owned housing units authorized […]
E Global Investing: Oh Cannabis
Happy Cana(bis)da Day. I was quoted on a US stock today in Wallstreetsbestinvestments’ monthly issue. My special expertise is global but we are currently in the dog house because of the strong dollar. It is about to reverse. Today we have two results reported for Q3 and so I am not going to hold forth […]
Mama Mia! Here We Go Again: Italian Budget Woes Unnerve Investors
Italy is in trouble once more. The 10-year Italian bond (BTP) yield has risen 80 basis points to 3.55%1 since late last month on news that the country’s draft budget plan (officially sent to the EU Commission on Oct. 15) has a deficit target of 2.4% of GDP (gross domestic product) for 2019. At one level, […]
Sensex Ends 383 Points Lower; Realty And Auto Stocks Drag
After trading on a volatile note throughout the day, share markets in India witnessed selling pressure during the closing hours and ended the day in the red. All sectoral indices traded in red, with stocks in the auto sector and realty sector leading the losses. At the closing bell, the BSE Sensex stood lower by 383 points (down 1.1%) and the NSE Nifty closed down […]
Recent Stock Purchase October 2018
Market volatility is back. We’re up, we’re down, red flags about the economy, world affairs, interest rates (add whatever concern here) and you can go mad trying to make sense of it all. That’s why it’s sometimes better to simply invest with blinders on. Follow your own path and rules and tune out all the […]
