Drilling Companies Lead The Precious Metals Market
Despite precious metals and gold/silver mining stocks going flat this year so far, the drilling sector performs quite nicely: Source: Simple Digressions To remind my readers – the DRILL index comprises the shares of the following drilling companies: Energold Drilling, Major Drilling, Orbit Garant, Geodrill and Capital Drilling. Note that the index can be considered as a […]
This Has Never Happened Before In Global Equity Markets
Unless the world comes to a very serious end overnight, global equity markets are about to do something they have never done before… rise for 13 consecutive months. Not one losing month so far in 2017… The global equity gauge was on course to finish November with its 13th straight monthly gain – the longest […]
Sluggish Biotech Stocks: Five Underlying Factors Plus A Sector Shift?
MegaCap Tech Stocks Take a Big Hit-Volatility Rising in a Sector Shift Market Rotation Supports Overall Market-S&P 500 Stable today up 17% YTD Sluggish Biotech Now Just a Market Performer With IBB up 17% YTD The booming tech sector sold off today with the XLK down over 2%. Harder hit were the 2017 high fliers such as the […]
Rally Monkey
Stocks closed at record highs and November marked the eight straight monthly gain for the Dow and the S&P, the best stretch for the latter since January of 2007 and the best streak for the former since July of 1995: Trump wants you to know that if Hillary had won, the Dow would be at 12,000. […]
Greg Poole Snaps Up MA, V, PAYX For Billion-Dollar Fund
Echo Street Capital Management LLC is one of the top performing hedge funds, consistently outperforming average hedge fund portfolios and S&P 500 benchmarks. The $2.94 billion fund is presently helmed by trading genius Greg Poole. As per the latest 13-F filings, the fund has made some intriguing portfolio moves in the burgeoning payments industry. Poole hiked his […]
General Stock Market Commentary – Thursday, Nov. 30
Fresh highs for the market, but looking a little bit tired this afternoon. The Packaging Index is enthusiastically supporting the move higher for the general market. The bullish percent is pointing higher as well. This market has to crack at some point, but for now, it is a beautiful thing as shown by this 2-year […]
Senate Votes 52-48 To Start The Vote On Tax Cuts
FANG Stocks Fall On Tax Cut Talks Wednesday’s stock market action was driven by the changes that will go into effect when the tax cuts are passed. The Russell 2000 was up 0.38% and the Dow was up 0.44% while the S&P 500 was down 0.04% and the Nasdaq was down 1.27%. As you can […]
Bank Regulations – Why The Current Approach Will Fail
Introduction The 2008 banking collapse, leading to the most severe recession since 1929, prompted a wide-ranging set of efforts to insure it did not happen again. These actions have included requiring banks to hold larger cash balances and more precise definitions of the risk levels of various bank assets. The result? A new industry of […]
5 Best T. Rowe Mutual Funds To Buy Ahead Of 2018
T. Rowe Price Group witnessed an inflow of more than $750 million in U.S. mutual funds in the third quarter alone. The publicly owned investment management firm also reported strong earnings during the same quarter on the back of higher revenues. Higher investment advisory revenues earned from T. Rowe Price mutual funds boosted the company’s […]
Hurricane Impacts Abate: Real Income +0.3%, PCE +0.1%, Inflation +0.1%
The BEA reports real disposable personal income rose 0.3% in October. Real PCE rose 0.3%. The PCE price index rose 0.1%. The hurricane impacts on income, outlays, and inflation appear to be tapering off according to the BEA’s report on Personal Income and Outlays for October. Real (inflation-adjusted) Disposable Personal Income (DPI) increased 0.3 percent in […]
