E Why It Is Important To Watch Long Term Rates As Central Banks Hike Short Term Rates
Yield curve flattening is not new to bond investors, yet it seems to have generated a lot of attention as the Fed pursues its goal of normalizing the Fed funds rate. The theory is that when the Fed starts hiking the Fed funds rate, long-term rates would move up accordingly and the entire yield curve […]
Mallinckrodt Downgraded To Perform From Outperform At Oppenheimer
Oppenheimer analyst Derek Archila downgraded Mallinckrodt (MNK) to Perform saying he’s been “flat out wrong” on the shares. The thesis of branded growth and material margin expansion has not and is unlikely to play out within the next 12-18 months, Archila tells investors in a research note. He sees “little-to-no visibility” on Acthar growth […]
Geopolitical Risk Highest “In Four Decades” – Gold Demand In Germany And Globally To Remain Robust
– Geopolitical risk highest “in four decades” should push gold higher – Citi – Elections, political and macroeconomic crises and war lead to gold investment – Political uncertainty in Germany means “gold likely to remain in good demand as a safe haven” say Commerzbank – “There has rarely been such political uncertainty in Germany at any time […]
Morning Call For Wednesday, Nov. 22
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.11%) this morning are up +0.03% and European stocks are up +0.12% as strength in energy stocks lifts the overall market. Energy stocks caught a bid after Jan WTI crude oil (CLF18 +1.72%) rallied +1.69% to a new 2-1/3 year high when the API reported late Tuesday afternoon that […]
Using Gold To See Where The Dollar Will Move Next
I’ve written a lot about how the US dollar is the fulcrum of the global financial system. Commodities are priced in dollars. Global trade is done in dollars. And the majority of international funding is in USD. The dollar is important. Dollar trends impact markets and assets around the world in various ways. Hence why the dollar […]
‘Can It Continue? Yes.’ Asian Stocks Push To Records As Hang Seng Dusts 30,000
Another day, another ebullient session in Asia. The regional benchmark passed its previous record closing high intraday for the second time this month as the MSCI AC Asia Pacific rose above 172.32, the closing record set in November 2007. It would seek out the record close at 172.62. This damn thing is up something like 26% YTD […]
Hedgers Give Thanks
Business and users of oil that did not buy into the lower for longer talk are giving thanks this Thanksgiving for having hedged their oil, gasoline and diesel purchases. Suddenly, the oil glut that many had predicted would last forever has suddenly turned into a very tight market. Oil futures are in contango for the […]
Quality Dividend ETFs To Tackle Uncertainty
U.S. equity markets are going through a rough patch. There is a lot of political uncertainty as markets predict the odds of the timely passing of President Donald Trump’s tax reform bill. This has increased the appeal of dividend investing. Trump’s Impact There is increased uncertainty with regard to Trump’s ability to pass the promised […]
Asian Stocks Smash Records; Dollar Slides As Crude Surges To July 2015 Highs
Global shares hit another record high on Wednesday, propelled higher by what increasingly more call (ir)rational exuberance, and investors’ unflagging enthusiasm for tech stocks. That said, S&P futures are unchanged the morning before Thanksgiving (at least before the market open ramp), as are European stocks (Stoxx 600 is flat), despite the euphoria in the Asian […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, November 22
WTI Crude Oil The WTI Crude Oil market rallied on Tuesday, breaking the top of the hammer that was formed on Monday. This is a very bullish sign, and it looks as if we will try to break out above the $58 level next. Once we do, the market will almost certainly go looking towards […]
