Berkshire Takes New Position In Bank Of America, Lowers Stake In IBM
Warren Buffett’s Berkshire Hathaway disclosed in an SEC filing its holdings as of September 30. Berkshire Hathaway’s one new buy during the third quarter was Bank of America (BAC). Berkshire Hathaway exited one position during the quarter, Wabco (WBC). Berkshire Hathaway increased its stake in three holdings, including by size of previous position, Apple (AAPL), […]
Indian Indices Trade Weak, Inflation Quickens In October, And Top Stocks In Action
On Tuesday, share markets in India opened flat and traded volatile throughout the day and ended the day deep in red. The BSE Sensex closed lower by 92 points to end below 33,000 levels at 32,942 while the broader NSE Nifty ended the day lower by 38 points to close at 10,187. Among BSE sectoral indices, capital goods index fell the most by […]
US Dollar May Overlook CPI Data As Tax Cut Prospects Fade
The Australian Dollar underperformed in Asia Pacific trade, sinking in the wake of disappointing wage growth data. The Japanese Yen traded broadly higher as regional stocks followed Wall Street lower, boosting the appeal of the standby anti-risk currency. The British Pound corrected lower having rode the Euro’s coattails upward yesterday despite disappointing UK CPI statistics. From here, a relatively muted European economic data docket is headlined by UK […]
Good Times Bad Times (In The Market)
The Market’s had its share. Today’s good times: Regional Banks (KRE) jumped from a Distribution to Warning to a Bullish phase. And, in the course of 2 days. Good times because the financial sector reacts better in an environment where the Federal Reserve has enough confidence in the economy to hint at a policy of […]
Stocks To Trade: CAT, SWKS, BB
Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Caterpillar (CAT) Long Skyworks Solutions (SWKS) Short BlackBerry (BB)
EUR/USD Daily Analysis – Wednesday, November 15
EUR/USD bounced strongly to as high as 1.1805, breaking above the falling trend line on the 4-hour chart. Near term support is at 1.1740. As long as this level holds, the upside movement from 1.1554 could be expected to continue and next target would be at 1.1879 resistance. A breakout of this level will confirm […]
Buffett Adds Another 3.9 Million Apple Shares, Cuts IBM, Wells Fargo Holdings: Full Q3 Holdings
Traditionally one of the most boring, and telegraphed 13-Fs, Tuesday’s update of Berkshire holdings did not contain any major surprises, well maybe with one exception: while it was already well-known that at the end of June Buffett converted roughly 700 million Bank of America preferred shares into common, which now appear on Berkshire’s 13F, there […]
Natural Gas Prices Pull Back In Face Of Late-Month Weather Uncertainties
Despite settling decently off the lows today, December natural gas prices closed over 2% lower and are now more than 11 cents below the settle last Friday. Long-range warmer weather risk appears to be the culprit in the most recent sell-off, though enough cold risk appeared on some guidance for prices to bounce off a […]
Historical Precedence For How A Bond ‘Bubble’ Ends
The UK government tried very hard to hold on. They had been able to raise $200 million from JP Morgan, a significant sum at that time under those circumstances. The British had also secured an almost equal amount from banks in France. The new National Government had produced a budget slashing spending by £70 million, […]
QE Tightening To End In 2-4 Years
Fed’s QET To End Between 2020 & 2022 The chart below brings light to the timetable I’ve been discussing with regards to the Fed’s balance sheet unwind. I stated that it would be unlikely for the ECB to start an unwind before the next recession because its QE program will end in late 2018 or […]
