U.S. Inflation Rises Marginally In October
Weak gasoline prices impacted headline inflation in October, the Labor Department reported on Wednesday. The Consumer Price Index, which measures inflation, climbed 0.1 percent in October following a 0.5 percent jump in September. On a yearly basis, consumer prices dropped from 2.2 percent in September to 2 percent in October. Even though rents and healthcare costs […]
Stocks And Precious Metals Charts – Stock Options Expiration On Friday (As If Maybe Someone Could Hear)
We will have a stock option expiration on Friday. I believe that this is driving some of the action in the precious metals. Not in the metal itself, but by extension to the miners which follow the price of the metals, and tend to be a favorite of options players, and a rather volatile crew.
Openly Mocking Us
The other day, CALPERS created a little bit of a stir with news they were considering increasing their bond allocation while selling down the stock portion of their portfolio. From Reuters: The California Public Employees’ Retirement System, the largest U.S. pension fund, is considering more than doubling its bond allocation to reduce risk and volatility […]
Markets Display Imminent Risk Signs
Video length: 00:13:55 Markets selling off slightly the last few trading days which has led to an expansion of volatility and the expected move not seen for a long time. Watch this video to get ahead of the risks in the market.
Symmetry Matters, Or The (Small) Progress Of Stating The Obvious
Chicago Fed President Charles Evans is this year a voting FOMC member. Normally, that might not make much difference but in times like this where dissension is building beneath the surface of even the typically stoic central bank, this time it might. Apparently, we can count Evans among the list dissatisfied with the current state […]
Cisco Systems, Inc. Q1 F2018 Earnings, Guidance Boost Shares
Cisco Systems, Inc. (NASDAQ:CSCO) Q1 F2018 earnings results were released after closing bell tonight. The company posted non-GAAP earnings of 61 cents per share on $12.14 billion in revenue, while Wall Street had been expecting 60 cents per share on $12.11 billion in revenue. In the year-ago quarter, Cisco reported $12.4 billion in sales. By […]
JA Solar Slides After Mixed Results As Analyst Voices Margins Concerns
Shares of solar power products manufacturer JA Solar (JASO) are sliding after the company reported a mixed quarter, with weaker than expected earnings per ADR share and revenues that beat estimates. Commenting on the announcement, Roth Capital analyst Philip Shen told investors that supply chain costs could continue to pressure margins ahead. RESULTS: JA Solar […]
EUR/USD Reversal – Back To 1.1700?
EUR/USD staged a sharp intraday reversal today, ending the day at its lows after hitting a 3 week high of 1.1860. This morning’s Eurozone economic reports were better than expected with the region’s trade surplus growing. The dollar is strong despite mixed US data. If the House passes their version of the tax bill […]
Continued Drop In Private Investment Worries The Economy
– China’s private investment in fixed assets slowed down for the fourth consecutive month: In October, the growth rate dropped to 5.8%, the lowest level in 2017. Private investment takes up roughly 60% of total investment; the private sector contributes approximately 80% of total jobs, 60% of GDP and 50% of government’s tax income. Potential impact to […]
