Category Archive: Finance, No picture
Eligible Rollover Distributions (ERDs)
So, what funds can be rolled over from your qualified retirement plan (not an IRA) into another retirement plan or IRA? Interestingly, the IRS doesn’t specifically tell you what can be rolled over – but rather, what cannot be rolled over. So the definition of eligible rollover distributions includes any monies from a qualified account […]
NZD/USD Rebound Vulnerable To Dovish RBNZ Forward Guidance
TRADING THE NEWS: RESERVE BANK OF NEW ZEALAND (RBNZ) INTEREST RATE DECISION The Reserve Bank of New Zealand (RBNZ) meeting may do little to boost the appeal of the New Zealand dollar as the central bank is widely expected to keep the official cash rate (OCR) at the record-low of 1.75% in August. The RBNZ […]
Bitcoin’s “New Normal”
Recently, I’ve been wondering about crypto’s NEXT BIG MOMENT. What it will look and feel like when institutional money starts pouring in. So I did a little digging… I found out that what’s new in this country is old hat in other parts of the world. A bitcoin exchange-traded product has been around in Europe […]
Mortgage Purchase Applications Decline 4th Week, Refinancing Lowest Since 2000
Mortgage applications are yet another sign that housing has peaked this cycle. Econoday Synopsis Purchase applications for home mortgages fell a seasonally adjusted 2 percent in the August 3 week, posting the fourth weekly decline in a row, while applications for refinancing fell 5 percent to their lowest level since December 2000. Unadjusted, purchase applications were […]
Weekly Technical Perspective On Crude Oil Prices (WTI)
In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Crude oil turned from long-term uptrend resistance last month with price plummeting more than 10% off the yearly highs. Today’s decline is challenging the monthly opening range lows with the price […]
Back When Things Happened In August
Financial markets today look just how you would expect them to look on a hot sunny day in August. There’s not a lot going on. Take economic data, for example. We’re already three days into the trading week and the only reports of note so far have been JOLTs (which really isn’t really a market-moving report) and Consumer […]
Drugmakers Fall After CMS Unveils Changes To Medicare Part B Plans
On Tuesday, the Centers for Medicare and Medicaid Services gave new authority to Medicare Advantage plans that allows those plans to negotiate lower drug prices. The policy will also allow Medicare Advantage plans to cross-manage across Part B and Part D as applicable. Publicly traded drugmakers that may be impacted by the news include Regeneron […]
NZD/USD Testing Daily And Weekly Range Low Near 0.6700 Ahead Of RBNZ
Falling in the awkward post-US, pre-Asian session, the Reserve Bank of New Zealand will deliver its quarterly monetary policy statement in just a few hours (21:00 GMT). While the release is functionally equivalent to the Fed’s “live” quarterly meetings when it delivers updated assessments on the economy, the primary difference is that the RBNZ is […]
4 Tech Mutual Funds To Buy On Apple’s Strong Earnings
The tech sector has performed favorably in recent times on the back of encouraging earnings results. Tech behemoth Apple Inc. (AAPL – Free Report) witnessed strong performance on the back of robust fiscal third-quarter earnings results. Higher iPhone average selling price boosted revenues for the quarter and eventually earnings. Following these promising trends, investing in technology mutual […]
Twilio Stock Popped, Is It Too Late To Jump Onboard?
With the recent hard times, both Facebook and Twitter shareholders have faced, it might be an odd time to discuss another technology company, Twilio (Nasdaq: TWLO). I’ll be honest, up until a few days ago, I was unaware of who Twilio was. It was only after digging in to learn more about the company did I […]
