Category Archive: Finance, No picture
Choking On The Salt Of Debt
Roughly three years ago, after traversing between Los Angeles and San Francisco via the expansive San Joaquin Valley, we penned the article, Salting the Economy to Death. At the time, the monetary order was approach peak ZIRP. We found the absurdity of zero bound interest rates to have similar parallels to the absurdity of hundreds upon […]
USD/CAD Daily Analysis – Friday, Oct. 12
USD/CAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3226 had completed at 1.2782 already. Further rise is still possible and next target would be at 1.3150 area. Support is at the rising trend line, only a clear break below the trend line support could signal completion […]
Global Equity Rout Hits Dollar
The two day rout in global equities is taking its toll on the US Dollar Index which was trading close to a 2-week low during Asian trade on Friday. Used as a gauge by FX players to assess the greenback’s relative strength to its major peers, the Index moved off of Tuesday’s 1-month peak at […]
Axis Capital Holdings Insures And ReInsures Worldwide
This week I’m seeking a prestigious and long-term dividend paying stock from the financial services sector. Financial Services includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns. Today I’m reviewing a mid-cap insurance – property & casualty firm named Axis […]
What To Watch In First Round Of Big Bank Earnings Reports
JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) are scheduled to report quarterly results before the open on October 12. What to watch for: 1. OUTLOOKS: Last company’s earnings call, Wells Fargo CEO Tim Sloan said that the bank is “on track” to achieve targeted $4B of expense reductions by end of 2019. Wells Fargo […]
VIX Shows Elevated Fear Among S&P 500 Traders, But Not Yet At Post-GFC Peaks
After pausing briefly on this morning’s slightly softer-than-anticipated inflation data (see my colleague Fawad Razaqzada’s post, “Dollar extends but CPI miss not a game changer” for more), US stocks have resumed yesterday’s selling rout. As of writing, the Dow Jones Industrial Average is trading off by another 500+ points, with the S&P 500 falling by more than 2% as […]
Sectors And Gravity Spots To Watch In The Market
In tonight’s video, Corey updates the big movement across the sectors and where strength and weakness lie (and thus opportunity). Finally, he pinpoints the key Gravity Points on the /ES Daily Chart for planning the next swing, one of which we bounce up away from today.
‘Failing’ New York Times Gets Price Target Boost As ‘Trump Bump’ Seen Continuing
Shares of New York Times (NYT) were on the rise after JPMorgan analyst Alexia Quadrani raised her price target on the stock to $32, citing ongoing digital subscriber growth as the “Trump bump continues.” Since taking office, President Donald Trump has been very critical of the New York Times and many of its media peers, […]
A Recession Is Coming. Who Will Take The Blame?
All booms end in recession. So who will accept the blame for the next one? Of course, nobody will volunteer to take any portion of the blame. Yet fingers will most assuredly be pointing. Trump will blame the Fed for hiking too fast. The Fed will blame Trump for starting a trade war. Scarcely […]
IMF Warns About Emerging Markets: Hello “Always Late” IMF, Global Crisis Coming
The IMF is finally warning that there may be an emerging market crisis. Hello IMF, it’s already here. Look ahead. The IMF is perpetually late in its forecasts. Here’s the latest hoot: IMF Warns of Possible Emerging-Markets Crisis. A new study by the International Monetary Fund projects emerging economies will muddle through recent market turbulence without […]
