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Top 5 Charts Of The Week – Wednesday, Oct. 10

Top 5 Charts Of The Week – Wednesday, Oct. 10

This week we look at the following charts and themes: 1. Global leading indicator breadth – a softening in global growth, and wobbles in global equities 2. China and Copper – the bad, the ugly, and the good of slowing growth in China (and what it means for copper) 3. Treasuries futures positioning – traders […]
Fastenal Q3 Earnings And Revenues Surpass Estimates

Fastenal Q3 Earnings And Revenues Surpass Estimates

Fastenal (FAST – Free Report) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.99%. A quarter ago, it was expected that […]
Global Fixed Income: Breaking New Ground?

Global Fixed Income: Breaking New Ground?

It was an incredibly volatile week in the bond market on both sides of the Atlantic, as the month of October got underway. The overarching theme at week’s end was higher yields in both the U.S. and the eurozone. Was this renewed move to the upside in rates caused by any groundbreaking developments? And what could this mean going forward? […]
The First Casualty Of Trade War Is Truth

The First Casualty Of Trade War Is Truth

As Trump tariffs continue to spread, an ideological war of words is redressing harsh protectionist realities. What is the state of Chinese growth amid the US tariffs? And what is the impact of the trade wars on global economic prospects? Recently, US academic Yasheng Huang argued on Wall Street Journal that “Jack Ma is retiring. […]
Morning Call For Wednesday, Oct. 10

Morning Call For Wednesday, Oct. 10

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.04%) this morning are down -0.04% and European stocks are down -0.23% as T-note yields move higher after New York Fed President Williams said “further gradual increases in interest rates” are the best way to foster a sustained expansion and also reduce risk-taking in financial markets. Supply pressures […]
US Inflation Needs To Be Really Bad To Stop The USD

US Inflation Needs To Be Really Bad To Stop The USD

US Core Inflation is expected to recover after a blip in August. Fed expectations for a hike in December are set to strengthen. Barring a second consecutive disappointment, the USD will likely remain bid. The US publishes its Consumer Price Index report for September on Thursday, October 11th, at 12:30 GMT. The Fed has two mandates: employment […]
Are Italy’s Stocks Worth Going Long?

Are Italy’s Stocks Worth Going Long?

Just look at the news – Italy is not so sunny anymore: its public debt is >120% of the GDP (double the EU maximum) and its coalition government plans to borrow 1,6% of the GDP this year. On top of it, the bad news keeps coming: a Genova bridge collapsed in August, putting Atlantia S.p.a., […]
Sensex Ends 461 Points Higher; Realty & Consumer Durables’ Stocks Rally

Sensex Ends 461 Points Higher; Realty & Consumer Durables’ Stocks Rally

Indian share markets ended over 1% higher today aided by a firm rupee against the dollar. At the closing bell, BSE Sensex ended up by 461 points, while, NSE Nifty ended up by 159 points. Except IT stocks, all sectoral indices ended the day in green with realty sector and consumer durables sector surging over 4%. Globally, Asian stock markets finished higher today with shares in China […]
International Paper Downgraded To Neutral From Buy At Goldman Sachs

International Paper Downgraded To Neutral From Buy At Goldman Sachs

Goldman Sachs analyst Brian Maguire downgraded International Paper (IP) to Neutral and lowered his price target for the shares to $53 from $63. The stock closed yesterday down $2.69 to $44.64. Following 12 new U.S. containerboard capacity announcements since his upgrade of the shares on July 12, 2017, the analyst now forecasts 11% growth in […]
Muncy Bank Has Five Locations In Pennsylvania

Muncy Bank Has Five Locations In Pennsylvania

Today I’m reviewing a nano-cap bank – regional – US named Muncy Bank Financial Inc. It’s trading ticker symbol is MYBF. MYBF isn’t that a great friendly ticker? Muncy Bank Financial Inc is a commercial bank. The Company provides commercial, mortgage, residential real estate, and consumer loan financing as well as providing deposit, investment and […]