Dip-Buyers Dominate As Bonds, Stocks, Dollar Shrug Off China Threats
The day started off with some excitement… But by the close all was forgotten… China put the fear of god into a few bond traders this morning…(30Y spiked 5bps higher only to close down 1bps on the day) And prompted the herd-like response proclaiming that this is it – bond yields are blowing out. However, […]
Weekly Heating Oil Prices – Wednesday, Jan. 10
We’ve used data based on the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.18, up eleven cents from last week and up […]
December 2017 Headline Wholesale Sales Improved – Wednesday, January 10
The headlines say wholesale sales were up month-over-month with inventory levels remaining elevated. Our analysis essentially agrees. Analyst Opinion of this month’s Wholesale Sales The improvement this month in the headline data was primarily due to durable goods. Overall, I believe the rolling averages tell the real story – and they improved this month. The […]
‘If Someone Powerful Wanted To Push The VIX Up’: Is This Why China Is ‘Halting’ U.S. Treasury Purchases?
How big of a deal was today’s “big” news out of China regarding the future of U.S. Treasury purchases? Well, that depends on who you ask and, to a certain extent, when you ask them. There’s something invigorating about a notable story crossing the wires first thing in the morning, so the tone of the early chatter […]
They’re Back – Long Live The Bond Vigilantes!
Most of today’s stock speculators don’t remember the bond vigilantes and wouldn’t even recognize one in the flesh. They were just too scary to have been a character on Sesame Street. But last night some strange riders were spotted galloping eastward from China and Japan. While their visage may be somewhat foggy to the uninitiated, the boys and girls on Wall Street are about […]
The GOP’s Tax Reform Offers No Relief From The Inflation Tax
The Tax Cuts and Jobs Act (TCJA) signed into law on December 22, 2017, promises no relief from one big tax on income — the inflation tax. Quite the contrary, there are strong grounds to expect this burden to increase as new and unannounced methods of collection evolve further. In recent years, the Fed’s commitment […]
China, Schmina – Dow Goes Green
Fleshwound… After China’s comments ‘swept the leg’ of the stock and bond markets overnight, dip-buyers have stormed back into stocks, sending The Dow green on the day (thanks mostly to Boeing and JPMorgan)… Gold has given up its gains as stocks rallied but bonds remain lower in price…
Analyst More Than Quadruples Novavax Target After Sign That RSV Vaccine Works
This morning, B. Riley FBR analyst George Zavoico raised his price target for Novavax (NVAX) nearly five-fold to $10 after the company announced more details about an informational analysis of Prepare, an ongoing Phase 3 trial of an RSV F vaccine for maternal immunization to protect newborn infants. This target hike comes just five days […]
GBP/USD Monthly Range-Break Appears Imminent
GBP/USD Daily Chart Technical Outlook: The British Pound has carved out its monthly opening-range just below the 2017 high close at 1.3589 with interim support eyed at the 2018 high-day close at 1.3495. As discussed in this week’s Technical Perspective, seasonal tendencies are pretty heavy for Cable with the daily momentum profile also looking a bit vulnerable here. Ultimately, we’re looking […]
4 Strong Buy Small-Cap Growth Mutual Funds To Focus On
Small-cap growth funds are natural choices for investors with a high risk appetite when capital appreciation over the long term takes precedence over dividend payouts. These funds focus on realizing an appreciable amount of capital growth by investing in stocks that are projected to rise in value over the long term. Meanwhile, small-cap funds are […]
