Category Archive: Finance, No picture
Gold Stocks Recovering 2
The battered gold miners’ stocks are finally starting to recover after a rough few months. Their prices slid with gold in July, plummeted in a brutal forced capitulation in August, and then dropped again in an echo capitulation into mid-September. That left them at fundamentally-absurd price levels wildly disconnected from their actual profitability, leaving this […]
4 Defense Stocks That Outperformed The S&P 500 Year To Date
The U.S. Aerospace and Defense industry has always stood strong, courtesy of the ever-growing demand for defense equipment and rapid technological advancements. Impressively, the Zacks Aerospace & Defense industry has risen 17.3% compared with the S&P 500’s gain of 15.2% year to date. Let’s take a closer look at the factors that have been backing the stellar […]
August Trade Deficit At $53.24B
The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services. The Bretton Woods agreement, which established a […]
Revisions Save An Overhyped Employment Report As Jobs Rise By 134,000
Some expected 300,000 or more jobs in today’s report. Instead, payrolls rose by 134,000. Revisions substantial. Initial Reaction The consensus estimate was 180,000 jobs. The ADP estimate was 230,000, and based on ISM reports, I saw talk of 300,000. Today’s establishment survey shows jobs rose by 134,000 with only 121,000 private jobs. The hype would […]
Tropical Labor Math
It was coming, it wasn’t coming. On again, off again. Voluntary evacuations, all clears, and then the rushed mandatory removals. When Hurricane Bonnie finally made landfall, it left people more angry than usual with these kinds of storms. Weather officials just didn’t know where it would end up. In eventually would smack right into Virginia’s Tidewater […]
4 Stocks With Recent Price Strength To Maximize Your Gains
“In the stock game, winning means reaching a higher price.” However, striking the right chord each time needs a fair amount of luck. No matter how disciplined and systematic investors are, equity market volatility will always manage to get the better of them. While a few lucky ones rake in the moolah, others fall victim […]
September Jobs Report: 134K New Jobs, Unemployment Rate At 3.7%
This morning’s employment report for September showed a 134K increase in total nonfarm payrolls, which was worse than forecasts. The unemployment rate remained dropped to 3.7%. The Investing.com consensus was for 185K new jobs and the unemployment rate to drop to 3.8%. Here is an excerpt from the Employment Situation Summary released this morning by the Bureau of Labor […]
E Markets: Very Close
We are often told that the world isn’t going to end by human hands but from a rock falling out of the sky, we have come close to proving this story many times. Close doesn’t count except in horseshoes and hand-grenades but it doesn’t help investors. While many see the return of bond vigilantes as […]
Sensex Slumps 800 Points As RBI Holds Rates
After opening the day in the red, share markets in India witnessed volatile trading activity throughout the day and ended the day deep in negative territory. Sectoral indices ended the day in red, with stocks in the energy sector and stocks in the PSU sector losing the most. At the closing bell, the BSE Sensex stood lower by 792 points (down 2.3%) and […]
USD/JPY: King Dollar Dominates, But A Correction Cannot Be Ruled Out
The USD/JPY extended its gains on the high ground alongside US yields. The inflation report stands out in the second week of October. The pair is flirting with overbought conditions. This was the week: Triple boost for the USD The USD enjoyed three positive factors. 1) Data: The ADP NFP showed a gain of 230K jobs, significantly […]
