Emerging Markets: What Changed – Friday, December 1
(from my colleague Dr. Win Thin) Bank of Korea hiked rates by 25 bp to 1.50%, the first hike in six years. Egypt central bank lifted the last remaining currency controls. S&P cut South Africa’s foreign currency rating one notch to BB with stable outlook. Turkey President Erdogan was implicated in an alleged plot to […]
5 Of The Most Efficient Stocks To Boost Your Portfolio
Companies with favorable efficiency levels are likely to be on investors’ radar irrespective of market conditions. This is because a company with a favorable efficiency level is expected to provide impressive returns as it is believed to be positively correlated with its price performance. Key Ratios to Identify Efficiency Sometimes it becomes difficult to measure […]
What Gives Cryptocurrencies Their Value
The value of cryptocurrencies like bitcoin, just like any other kind of money, comes fundamentally from what you can do with it. As a follow up to What Backs Bitcoin, I want to dig into that value. The idea, which comes from Austrian economist Carl Menger, is that just as a shovel’s value comes from its […]
VIX Options Trading Spikes On Mueller’s ‘Monkey Wrench’
Well, market participants are scrambling around on Friday in a futile effort to try and determine how to handicap the Flynn bombshell while simultaneously trading the tax news. “The [Flynn] news doesn’t impact the future of tax legislation,” KBW’s Brian Gardner insists in note out this morning, adding that “Flynn [will have] little, if any, impact […]
Why I Would (Reluctantly) Vote Yes On The Tax Plan
At the risk of discrediting this article before it even begins I am going to pretend that I am an Independent Senator in the USA considering the current GOP tax plan. If you’re still reading – in my perfect world a sweeping tax plan includes many of the no-brainer policies that I’ve discussed in the past. This […]
ISM Manufacturing Index: Business Conditions Expanded In November
Today the Institute for Supply Management published its monthly Manufacturing Report for November. The latest headline Purchasing Managers Index (PMI) was 58.2 percent, a decrease of 0.5 percent from 58.7 the previous month. Today’s headline number was slightly below the Investing.com forecast of 58.4 percent. Here is the key analysis from the report: The report was issued today by […]
Flynn Against Trump: Can EUR/USD Reach 1.20? Levels
Former Trump confidant Michael Flynn has turned against the President and this is rattling markets. Stocks, bond yields, and the dollar are falling quite a bit. Flynn has agreed to testify against Trump and according to the reports, he will say that Trump knew about his dealings with Russia just before the President was inaugurated. This comes […]
Ambarella Rises After Reporting Quarterly Earnings Beat Expectations
Shares of Ambarella (AMBA) are rising after the semiconductor design company reported better-than-expected earnings and offered guidance on Thursday. EARNINGS: After the market close on Thursday, Ambarella, a major supplier to camera maker GoPro (GPRO), reported third-quarter earnings per share of 75c on a revenue of $89.1M, exceeding analyst estimates of 67c and $88.97M, respectively. […]
Is Job Disruption Historically Low In The US Economy?
Discussions of how advances in technology, trade, and other factors lead to disruption of jobs often seems to begin with an implicit claim that it was all better in the past when the assumption seems to be that most workers had well-paid, secure, and life-long jobs. Of course, we all know that this story isn’t […]
5 Top-Performing Leveraged ETFs Of November
Wall Street witnessed another solid month although concerns over the tax delay and high yield bonds’ sell-off triggered nervousness in the first half. The Dow Jones and the S&P 500 notched eighth straight month of gains, rising 3.6% and 2.6%, respectively. Hopes of the tax reform bill being passed as well as rounds of upbeat […]
