Despite Stock Strength, US, German Bond Yields Are Tumbling
As stocks surge to record-er-est highs, so bond yields and the yield curve are collapsing further… Buy all the things… So much for that ‘tantrum’… 10Y Bund yields are tumbling… Treasury yields are erasing the tantrum spike too… Perhaps Gundlach was right – Gross’ bear call was premature? And the US yield curve […]
Terrific Tuesday – Futures Blast Market To New Highs – Just Because
Dow 26,000? Really??? That’s right, the Dow blasted 1% higher this morning to hit 26,000 and the S&P 500 hit 2,800 and the Nasdaq 100 hit 6,800 and the Russell hit 1,600 all record highs ahead of the Government shut-down on Friday (not really, they will extend it again). Meanwhile, this puts Donald Trump only 12% […]
The Future Dividend Potential Of FANG
When I write about the F.A.N.G. names I oftentimes get mixed reactions. Many of my readers are of the conservative, income-oriented variety. They’re nearing retirement and have little to no desire to associate themselves with names/acronyms so closely associated with speculative growth. Being that none of the F.A.N.G. names currently play a shareholder dividend, I […]
Empire State Manufacturing Survey: Continued Growth In January
This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 17.7 was a decrease of 1.9 from the previous month’s 19.6. Annual benchmark revisions were made. The Investing.com forecast was for a reading of 18.0. The Empire State Manufacturing Index rates the relative level of general business conditions in New […]
Gold Finds Its Mojo
The monthly chart for gold gives gold traders and investors some much-needed cheer as the precious metal now has some solid support at $1257 where the volume point of control currently sits, and from where the metal has progressed on solid volume. To the upside $1357 is the target and first significant resistance on this […]
USD/JPY: Looks To Weaken Further Lower On Bear Pressure
USD/JPY: The pair closed further lower on Monday opening the door for more weakness. This view remains valid despite its present price hesitation. On the downside, support lies at the 110.00 level where a break if seen will aim at the 109.50 level. A cut through here will turn focus to the 109.00 level and […]
Citigroup Inc Q4 2017 Earnings Struck By Massive Tax Charge
Citigroup Inc (NYSE: C) released its fourth-quarter earnings report before opening bell this morning. Citigroup Q4 2017 earnings amounted to $1.28 per share on an adjusted basis, while revenue came in at $17.3 billion. Analysts had been expecting earnings of $1.19 per share on $17.2 billion in revenue. In the same quarter a year ago, the […]
Hold On For Dear Losses
Well, as equities continue their insane, unprecedented, history-making melt-up…… Bitcoin, the darling of hucksters and come-on artists for the past few months, isn’t exactly acting like the ATM machine the newcomers were promised: As I’ve mentioned before, wouldn’t it be oddly fitting if the lifetime high for Bitcoin was established at the precise […]
Stuart Olson Inc. Builds Good
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week’s slot in the Safari portfolio is reserved for the […]
Qualcomm Upgraded To Buy From Neutral At Nomura Instinet
Nomura Instinet analyst Romit Shah upgraded Qualcomm (QCOM) to Buy and raised his price target for the shares to $75 from $58. The chipmaker closed Friday down 5c to $65.38. With Broadcom’s (AVGO) hostile takeover attempt now analogous to a “gun to the head,” Qualcomm management is likely to more aggressively focus on driving […]
