Rob From The Middle Class Economics
Much of our financial world functions as a “Rob from the Middle Class” economy. The system robs from the middle class and poor via “money printing” and inflation of the currency supply! The rich get richer and the poor get poorer. Little benefit comes from complaining about the process or fighting it. Understand the process, […]
This Market Wants To Go Back To Its All-Time Highs Again
My Swing Trading Approach I need to see this market demonstrate some follow through on yesterday’s rally that pushes price action back to or near its all-time highs. Indicators VIX – Dropped 10% yesterday down to 11.76. Far off its recent range of sub-10. Broke the 5-day wining streak. T2108 (% of stocks trading below their 40-day […]
Don’t Let Home-Bias Investing Trip You Up
The total U.S. stock market has gained over 20% during the past year and is doing great. But for U.S. investors that are under-weighted to foreign stocks, it’s not so great. Why? Because foreign stocks have convincingly outperformed U.S. equities, thereby causing a performance deficit. What’s the problem? The tendency of investors to concentrate and […]
USD/JPY Weakness To Persist On Dovish FOMC Minutes
The Japanese Yen outperforms its major counterparts going into the last full-week of November, and USD/JPY may continue to give back the rebound from the 2017-low (107.32) should the Federal Open Market Committee (FOMC) Minutes drag on interest-rate expectations. In light of the muted reaction to the 13.7% rise in U.S. Housing Starts, it seems […]
New Residential Housing Starts Up 13% In October
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for October new residential housing starts. The latest reading of 1.290M was well above the Investing.com forecast of 1.185M and an increase from the previous month’s upwardly revised 1.183M. Here is the opening of this morning’s monthly report: Housing Starts […]
As Oil Heads For Down-Week, Crude Stakes Are Huge
After five straight weeks higher – read by many as confirmation of how awesome the global coordinated recovery must be – WTI and Brent dropped this week as inventories rose, demand outlooks dimmed, and OPEC hope faded. As Alhambra Investment Partners’ Jeffrey Snider notes, there is a titanic struggle going on right now in the oil market. On the […]
Wal-Mart Stores Makes All-Time Highs After Earnings Report
Wal-Mart Stores, Inc. (NYSE: WMT) On Thursday, November 16th, 2017, Walmart stores reported their fiscal quarterly earnings before the market open for trading. Walmart reported revenue of +$1.23 billion dollars which compares with +$1.21 billion dollars in the year-ago period. Earnings came in at $1 per share after adjustments, while analysts had been expecting $0.97 […]
October 2017 Residential Building Improves
The headline residential building permits improved and construction completions improved. But we keep our eyes on the rolling averages because of the significant monthly fluctuations. Analyst Opinion of Residential Building The backward revisions this month were moderately upward.The nature of this industry normally has large variations from month to month (mostly due to weather) so […]
Wal-Mart ETFs To Buy On Blockbuster Q3 Results
Wal-Mart (WMT – Free Report) reported blockbuster third-quarter fiscal 2018 results. The mega retailer continued its long streak of positive earnings surprise as it beat estimates for the ninth consecutive quarter. It also topped revenue estimates and offered an upbeat guidance for the holiday quarter and the fiscal year. Per Bespoke Investment Group, this is only the […]
CPI In October 2017 And Gold
On Wednesday, a report on U.S. consumer inflation was released. What does it imply for the gold market? As we predicted last month, the monthly rate of inflation slowed down in October after soaring in September due to disruptions caused by hurricanes. Consumer prices increased 0.1 percent. The move was driven mainly by higher housing costs (which jumped […]
