Stocks Stagger On Tax Turmoil As Junk Debt Dumps To New 8-Month Lows
Yellen warns “valuations are at the high end of ranges” but tax cut details diss stocks. It was all going great until I hit 310kph… Video Length: 00:02:05 Ugly data from China overnight sent China bond and stock prices lower… Notably Gold remains the only asset higher since the Saudi chaos… All Cash Indices […]
Yield Curve Flattens: Profit From This ETF
It’s not just the Fed that is adding volatility to the Treasury market and the yield curve, a combination of other factors are also behind the fluctuation. Currently, the short end of the yield curve is rising faster than the long end, and the spread between both is narrowing. In fact, the yield curves are […]
Wells Fargo Says Buy Coca-Cola Ahead Of Investor Day
In a research note to investors, Wells Fargo analyst Bonnie Herzog upgraded Coca-Cola (KO) to Outperform ahead of the company’s investor day meeting on November 16. The analyst argued that the market is underestimating “several key points” and that Coca-Cola should be “a core holding” in 2018 and beyond. BUY COCA-COLA: Wells Fargo’s Herzog upgraded […]
It Looks Like The Oil Is Topping Now
According to the latest Commitments of Traders report, Money Managers trading Crude Oil (light sweet) futures increased their net long position in these futures to 340.2 thousand contracts or 13.1% (calculated as the net long position divided by the total open interest): In that way the LONG oil trade entered the over bullish area. […]
Global Outlook Continues Improving
from the Dallas Fed — this post authored by Kelvinder Virdi World gross domestic product (GDP) edged up in the second quarter, thanks to improvement in both advanced and emerging economies. World real (inflation-adjusted) GDP (excluding the U.S.) rose 0.4 percentage points to 3.5 percent on a year-over-year basis (Chart 1). Advanced economies (excluding the […]
How Would A Reduced Corporate Tax Rate Affect Investors?
While most Americans are keeping an eye on the proposed Republican-led tax reform to determine if they will personally be in the winner’s or loser’s circle when it all shakes out, some savvy investors are looking at the bigger picture. Outside of the changes to income levels and deductions that are being floated, one notable […]
General Electric Market Cap Down $240 Billion Last 10 Years
General Electric (GE) has gotten absolutely crushed over the last two days, falling 15% from $20.50 down to $17.50. GE’s peak of the current bull market for the S&P 500 came on July 20th of last year, but since then it’s down 47%. Even more shocking is that at $17.50, GE’s share price is trading […]
Oil Pricing: How Many Blends Are There?
When people refer to the price of oil, they typically mean either WTI (US West Texas Intermediate) or Brent Crude from the North Sea. However, the number of blends goes far beyond the typically quoted benchmarks. James Stafford at Oil Price writes: Hi Mish, The reason I’m writing is that we have just finished an 18-month project […]
Is Robert Shiller Right That Passive Investing Is Dangerous?
Here’s an interview on CNBC from this morning wherein Robert Shiller argues that passive investing is a dangerous form of freeloading. Now, I’m no Nobel Prize winner in economics, but I do raise chickens so I feel like I am fairly qualified to speak on this matter.¹ Let’s see if we can hash this out. I’ve written […]
October 2017 Producer Price Final Demand Year-Over-Year Inflation Again Increased
The Producer Price Index year-over-year inflation grew from 2.6 % to 2.8 %. Analyst Opinion of Producer Prices The Producer Price Index again surged year-over-year. Here is what the BLS said in part: Nearly half of the increase in prices for final demand services can be attributed to margins for fuels and lubricants retailing, which […]
