Category Archive: Finance, No picture
Fed Minutes: Concerns Of “Consequential Downside Risk” Of Tariffs, Asset Values
The 12-page minutes of the FOMC Aug 1 meeting discuss jobs, inflation, tariffs, GDP, and the overall economic outlook. Inquiring minds are slogging through Minutes of the Federal Open Market Committee July 31–August 1, 2018, released today. The report is mostly a rah-rah about jobs, GDP and inflation with some downside and upside risks noted. Emphasis […]
Auto Parts Makers Battered After Peer Continental Warns On Profit
Shares of auto parts manufacturers are lower after peer Continental (CTTAY ) reduced its fiscal 2018 sales and margin views. LOWERS GUIDANCE: Earlier Wednesday, Continental revised its guidance for FY18 due to lower sales expectations, cost increases, and warranty claims. The revised sales guidance for FY18, including all expected negative exchange-rate effects, amounts to about […]
FOMC Minutes: Three Frustrating Fed Fears Fail To Fade
Last month, the Federal Reserve changed a grand total of about twelve words in its most recent monetary policy statement (see “FOMC recap: Powell’s snoozer leaves traders looking ahead to BOE and NFP” for more), so traders were understandably unexcited for the release of today’s FOMC minutes. Layer on an imminent monetary policy update from Fed Chair […]
Yes, Your Bull Market Debate Is Dumb
I recall watching a baseball game earlier this year in which the announcer said that Juan Soto of the Washington Nationals was the youngest player ever to hit a home run at a particular baseball field. I thought to myself: “wow, what an achievement. No, wait a minute, that’s a totally irrelevant stat.” Lots of […]
Existing Home Sales Decline Fourth Month
Economists missed the boat again this month expecting a small rebound in existing home sales. Instead, sales fell 0.7%. Existing home sales came in at 5.34 million units seasonally-adjusted annualized (SAAR). The Econoday consensus estimate for home sales was 5.42 million units in a range of 5.39 million to 5.51 million. Thus sales were below the lowest […]
8 ETFs Up More Than 25% YTD
Braving all evils of emerging market and trade war fears, the S&P 500 index is on track to record the longest bull run in history. The benchmark is now up for 3,452 days and Aug 22 will mark 3,453 days since the S&P 500 hit its low of 666 on Mar 9, 2009. Since then, […]
Gold Price Outlook: XAU/USD Reversal Constructive Above 1180
Gold price reversal off slope support in focus- rally remains constructive above 1180 Gold prices have rebounded more than 3% off the yearly lows registered last week with the advance looking a bit vulnerable just ahead of structural resistance. Here are the updated targets and invalidation levels that matter on the XAU/USD charts heading into the close of […]
7 China-Based Stocks For High Growth At A Reasonable Price
Introduction China has rapidly become the second largest economy in the world – second only to the United States, and by some calculations the largest. As a result, China also has some of the fastest-growing publicly traded companies on the planet. Moreover, tariff negotiations between the United States and China have recently become a political […]
Some Of Bitcoin’s Biggest Trades Happen Out Of Sight
More than $1 billion worth of bitcoin changes hands every day on the major cryptocurrency exchanges, according to VanEck’s ETF (exchange-traded fund) proposal to the SEC. But that figure vastly understates bitcoin’s trading volume. It’s actually much, much higher. VanEck’s estimate is based on exchanges that follow anti-money-laundering (AML) and know-your-customer rules. Dozens of exchanges […]
Bitcoin: Prepared For The ProShares ETF Decision After The BitMex Short Squeeze
Cryptocurrencies and especially Bitcoin are on a bull run. BitMex, a major crypto-exchange, went quiet for an hour, allowing the Bitcoin bulls to take over the show. In addition, Thursday’s SEC deadline on the ProShares ETF is highly anticipated. The Technical Confluence Indicator shows that the BTC/USD has an initial target of $6,826 which is the convergence of the […]
