Category Archive: Finance, No picture
Wall Street Sees Worst Day In 8 Months: ETF Winners & Losers
Wall Street suffered its worst day yesterday in more than eight months as spike in Treasury yields dampened the appeal for riskier assets. The 10-year Treasury yield has climbed about 17 bps over the past seven days. This has sparked fears of a faster-than-expected rates hike that would lead to tighter financial conditions and thus […]
NZD/USD Forex Signal – Thursday, Oct. 11
Today’s NZD/USD Signals Risk 0.75%.Trades may only be taken between 8 am New York time and 5 pm Tokyo time, during the next 24-hour period. Short Trade Short entry following bearish price action on the H1 time frame immediately upon the next touch of 0.6500. Put the stop loss 1 pip above the local swing […]
Four Main Economic Drivers Sputtering: Saxo Bank Charts
Here’s a collection of charts from Saxo Bank’s CIO and Chief Economists Steen Jakobsen. Global Growth Sputtering Steen gives four reasons global growth is sputtering. Her are some of his charts. Federal Tax Collections Speculative Positioning Sputtering Growth Inflation Coming? Stock Market Breadth Apple Too Successful […]
What The Market’s Plunge Protection Team Looks Like
On August 22, I wrote a blog called “Can the Market Live on Canned Rations?” In it I wondered about the threat of the transportation sector: “Transportation IYT, made a new all-time high, but closed beneath 206.90 and the older ATH (all-time high) at 206.73.”I went on to say, that “Transportation can either blast off from yesterday’s […]
Dow Drops 832 Points In One Day – Has A Correction Begun?
Yesterday the stock market experienced one of the worst days of the year. The Dow Jones Industrial Average fell 832 points, more than 3%, the biggest lost since eight months ago on February 8. The S&P 500 dropped 3.3% to 2785.68. But the biggest losing major index was the Nasdaq Composite, which tumbled 4.1% to […]
Micron Well Positioned To Benefit From Growth In AI, Says JPMorgan
After attending Micron Technology’s inaugural Insight event that focused on artificial intelligence, JPMorgan analyst Harlan Sur reiterates an Overweight rating on the shares with a $75 price target. The chipmaker closed yesterday down 66c to $41.61. Artificial intelligence is “truly at its early stages with a long runway for growth,” Sur tells investors in a […]
Looking For Shelter From The Storm? Consider These Strategies
One way to beat the benchmarks is simply to decline less during downdrafts like yesterday as well as during serious bear markets. This can be done by how you mix different asset classes in your portfolio and by keeping losses from spiraling. One way to do the latter is to use trailing stops. Here are some […]
What Inflation Means To You: The Consumer Price Index Revealed
Note: The charts in this commentary have been updated to include this morning’s Consumer Price Index news release. Back in 2010, the Fed justified its aggressive monetary policy “to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate” (full text). In effect, the Fed has […]
