U.K. Construction PMI Beats Expectation; Pound Gains
U.K. Construction PMI Beats Expectation Ahead of Brexit Talks The U.K. construction sector expanded more than projected in November, following the surged in business confidence in the sector. According to IHS Markit, the construction Purchasing Managers’ Index (PMI) climbed to 53.1 in November from 50.8 in October. This is the largest expansion in five months and […]
US Dollar Marked Higher After Senate Passes Tax Reform
The US dollar opened higher in Asia and retained those gains through the European morning. The greenback has recouped most of the pre-weekend losses recorded in the wake of the indictment of a fourth former Trump Administration official by the special investigation into Russia’s involvement in last year’s election. However, two-weekend developments seemed to blunt […]
Blue Apron Upgraded To Equal Weight From Underweight At Barclays
Barclays analyst Ross Sandler upgraded Blue Apron (APRN) to Equal Weight and raised his price target for the shares to $4 from $3. The meal delivery service closed Friday up 24c to $3.23. With the stock down 15% since the last earnings report, the risk/reward appears more favorable, Sandler tells investors in a research […]
4 Major Cannabis Acquisitions From The Last Quarter
Last week, we published an article that highlighted some of the recent merger and acquisition (M&A) activity within the legal marijuana industry. In this article, we explained how the legal marijuana industry is in the early innings of a major consolidation cycle and how we expect this trend to significant accelerate over the next year. […]
US Stocks Bucked The Trend With Another Solid Gain Last Week
Selling dominated trading last week for the major asset classes, based on a set of exchange-traded products. The main exception: US equities, which posted a solid advance. Vanguard Total US Stock Market (VTI) increased 1.5% over the five trading days through Dec. 1. The weekly rise marks the ETF’s third straight weekly gain, leaving the fund just […]
Above The 40 – Another Sharp Panic Paves The Way For Fresh Buying
AT40 = 60.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.6% of stocks are trading above their respective 200DMAsVIX = 11.4Short-term Trading Call: cautiously bullish Commentary I call it a mini panic dip. Political news roiled the stock market for a brief moment, a grand 30 minutes in total (it sure seems like […]
Dull Start To The Week; Software & Metal Stocks Rise
Indian share markets continued to trade on a flat note in the afternoon session ahead of the Reserve Bank of India’s policy meeting on Wednesday. At the closing bell, the BSE Sensex closed higher by 37 points and the NSE Nifty finished higher by 6 points. The S&P BSE Mid Cap finished down by 0.1% while S&P BSE Small Cap finished down by 0.5%. Software […]
EUR/USD: Buyers Retreating To The Trend Line
Previous: Friday’s trading on the euro/dollar pair closed slightly down. Sellers erased nearly all their gains in the US session after the news that former national security advisor Michael Flynn was ready to give testimony against Trump. The euro jumped 84 pips from 1.1851 to 1.1935. Once markets had calmed down, the euro receded to […]
Tax Bill Analysis: Spend Your Extra $100 Wisely
In the Senate tax bill, someone making $100K gets an extra $100 to spend in 2027. Those making less than $75K lose money Tax reform was supposed to be simpler, more fair, not add to the deficit. and lower taxes on the middle class. It did none of those things, but it did lower taxes […]
UK Construction PMI Beats With 53.1 – GBP Awaits Brexit Talks
The UK construction sector continues recovering, with a score of 53.1 points in Markit’s construction PMI. This is significantly better than expected and points to stronger growth in this sector. GBP/USD is stable at 1.3440. It seems to be waiting for news from Brussels. Brexit negotiations are becoming intense (see details below the chart). Here is […]
