Bi-Weekly Economic Review: Yawn
When I wrote the update two weeks ago I said that we might be nearing the point of maximum optimism. Apparently, there is another gear for optimism in this market as stocks have just continued to slowly but surely reach for the sky. Which is fine I suppose since we own the devils (although not […]
Economic Data Calls For Oct. 24
Here’s what we are looking for in tomorrow’s economic reports (Oct 24, 2017) — Good luck trading! 1. GE and EZ PMI’s (3:30 and 4:00 NY Time) — Bullish EUR — Potential for upside surprise given stronger industrial production and factory orders and higher German ZEW expectations 2. US PMI’s (9:45 NY Time) — Bullish […]
A Matter Of Life And Debt
Sit down. It’s time we had a serious talk. I hate to tell you this. But we’re broke. By “we,” I mean the US, Canada, Germany, Japan, and the UK. In fact, most of the developed world is holding historical levels of debt. Only a handful of relatively small countries are living within their means. […]
Staples At Risk
Of the seven different put options positions I’ve got, XLP (Consumer Staples) is probably my favorite, because its pattern is cleanest. From a long-term perspective, its uptrend is broken, even in this stupid new-highs-every-day market of ours: Looking closer, you can see the topping pattern is almost complete. A break below 53.52 would seal the […]
The 4 Possible Channels For A Chinese Financial Crisis
That China is a widely accepted global outlier in the context of credit, debt and leverage, look no further than the latest Financial Stability Report from the IMF, which in no uncertain terms lays out where China can be “found” relative to its G-20 peers in the following chart: Yet according to the IMF, China’s […]
Pound Falls On Growing Party Divide
The Pound Sterling fell versus the US Dollar during Monday trade in London as concerns over a division within the Conservative Party grows. Moreover, the interest rate outlook from the Bank of England is becoming increasingly cloudy which has left the Pound on jittery ground. Only last Friday, the Pound had recouped from the 11-day trough versus […]
Oil Flirts With Resistance As US Output Falls, OPEC Looks At All Options
Talking Points: – Crude Oil Prices Flirt With Resistance as U.S. Production Narrows, OPEC Endorses ‘All Options.’ – USD/JPY Gaps Higher Following Japan Election; Outlook Mired by 2017 Range. Crude remains bid as recent updates coming out of the U.S. Energy Information Administration (EIA) showed a marked decline in field outputs, while the Organization of Petroleum Exporting Countries (OPEC) and […]
Corporate Or Treasury Bonds – Which Bonds Are Better?
Corporate and Treasury bonds can help you turn your nest egg into an income stream. In fact, generating a steady income stream to supplement your pension may be one of the hardest parts of retirement. Bonds have a set interest rate and they usually pay twice a year so you know exactly how much income […]
ITW Delivers Strong Q3 Financial Results & Raises Earnings Guidance For 2017
Illinois Tool Works Inc. (NYSE:ITW) today strong Q3 financial results and raised its earnings guidance for 2017. ITW is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $13.6 billion in 2016. ITW has more than 50,000 colleagues in operations around the world who thrive in the company’s unique, decentralized and entrepreneurial culture. Third-Quarter Highlights: GAAP […]
An Investor’s Guide To Dividend Aristocrat ETFs – October 2017
Amid heightened uncertainty about the global economy and rising interest rates, investors have become defensive and are seeking safe and stable investments. Dividend-focused products offer safety in the form of payouts and stability in the form of mature companies that are less volatile to the large swings in stock prices. Dividend-paying securities can be major […]
