Not All Alternative Strategies Are Created Equal
Josh Brown recently wrote a piece, “How to Raise 20 Billion Dollarz,” that takes on alternative investments.1 Brown documented the rise and fall of an alternative strategy fund that crushed it during the 2008–2009 down market but has been a real dog during the straight-up market we’ve experienced ever since. This alternative strategy fund saw round-trip flows […]
Tales From The Crypto: Bitcoin Dumps And Pumps After Tether Robbed Of $31 Million
Everyday it’s something else. Bitcoin suddenly dove as much as 5.4% overnight after Tether said this in a statement: Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker. Tether integrators must take immediate action, as discussed below, to prevent further ecosystem disruption. $30,950,010 USDT was removed from […]
Lowe’s Beats On Q3 Earnings & Revenues, View Intact
Lowe’s Companies Inc. (LOW – Free Report), one of the largest home improvement retailers, came out with third-quarter fiscal 2017 results, wherein earnings of $1.05 per share surpassed the Zacks Consensus Estimate of $1.02 and also jumped 15.9% year over year. Management continues to expect earnings in the range of $4.20 to $4.30 per share for fiscal 2017. […]
Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
– Gold versus Bitcoin: The pro-gold argument takes shape – Why cryptocurrencies will not replace gold as a store of value – Similarities between crypto and gold but that does not make them substitutes – Gold remains a highly liquid market, cryptocurrencies continue to be fragmented and difficult to spend – Bitcoin does not make it […]
Legging Up
It looks like oil is consolidating for another leg up as it shakes off political uncertainty in Germany, one of the reasons we pulled back yesterday, and instead on talk of another big drop in supply in the Cushing Oklahoma. Market chatter has the NYMEX delivery point falling at least 1 million barrels and some […]
Morning Call For Tuesday, Nov. 21
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.33%) this morning are up +0.23% and European stocks are up +0.39%. Better-than-expected Q3 earnings results from Lowe’s pushed the stock up 3% in pre-market trading and helped lift the overall market. European stocks rose and the German 10-year bund yield fell to a 1-1/2 week low of […]
Dollar Marks Time – Tuesday, November 21
The US dollar has largely been confined to yesterday’s trading ranges against the major currencies amid light news. The North American session does not hold much hope for fresh impetus. The US reports October existing home sales, which are not typically market moving in the best of times. Yellen does not speak until after the markets […]
Bonds, Futures, Global Stocks All Rise, Boosted By “Germany’s Brexit Moment”; TSY Curve Collapse Continues
S&P 500 futures are higher, continuing on yesterday’s momentum, after European and Asian shares also rose alongside a rebound in oil, as the year-end performance chase appears to be accelerating. There were several different moving parts in a mixed European session, in which early Euro strength gave way to weakness… … which in turn pushed […]
US Business Cycle Risk Report – Tuesday, November 21
US economic activity continues to trend solidly positive in the latest roundup of numbers. In turn, recession risk remains virtually nil, based on the available data through October. The near-term outlook looks upbeat, too, suggesting that the recent strength in GDP growth will continue in the fourth quarter. Using preliminary numbers published to date paints […]
GBP/JPY Moved Sideways Between 146.93 And 152.85
GBP/JPY moved sideways in a trading range between 146.93 and 152.85 for several weeks. Support is at 146.93, as long as this level holds, the sideways movement in the range could be treated as consolidation of the uptrend from 139.30 and another rise towards 164.00 is possible after the consolidation. GBP/JPY Daily Chart There is […]
