3 Strong Buy Mutual Funds From The PIMCO Clan
Founded in 1971, Pacific Investment Management Company, LLC or PIMCO is an internationally acclaimed investment management firm. The company provides a wide range of financial services in 11 countries with the help of more than 2,200 employees. PIMCO had around $1.69 trillion assets under management as of Sep 30, 2017. PIMCO offers a broad lineup […]
Crashing Through The Glass Ceiling
Brent Crude crashed through $70 a barrel and WTI just shy of $65, shattering another glass ceiling many oil bears said was impossible to ever see. This came as OPEC said it has no intentions to relent on production cuts and overshadowed rising rig counts. Even as the market gets a little turn around Tuesday […]
GE Tumbles After Massive Finance-Arm Charge
Having enjoyed a phoenix-like renaissance in 2018 so far, GE is tumbling in the pre-market, erasing 2018 gains, following reports that the company will record an after-tax charge of $6.2 billion in its fourth quarter results as part of an ongoing review of its finance arm’s insurance portfolio. Additionally, as WSJ reports, GE will have to set aside […]
Political Factors For The Euro And Canadian Dollar
Of the currency major pairs, EUR/USD and USD/CAD are probably the most interesting as both the euro and Canadian dollar are being driven higher, not only by chronic USD weakness but also by political factors. For eurodollar the strong move higher that has seen the pair drive through key resistance in the 1.2090 region was […]
Crude Oil – Tuesday, January 16
Crude stuck between long-term Fibonacci resistance and 2015-high support. Source: INVESTING.com
Morning Call For Tuesday, January 16
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.39%) are up +0.41% at a fresh record nearest-futures high as growth optimism fuels gains in global equity markets. Gains in technology stocks are leading the overall market higher as quarterly earnings season ramps up this week. European stocks are up +0.59% at a 2-1/4 month high, German […]
Growth Stock Rally Continues To Overshadow Value Investing
The exuberance in the US stock market of late may or may not be irrational, but the party atmosphere in the value corner of equities (companies that are inexpensively priced) is subdued vs. the celebratory surge for growth shares (firms expected to grow at above market rates). Although both measures of US companies in the […]
E A Look At The Current Cryptocurrency Market Setback
The cryptocurrency market suffered a major setback last night. In just a 24 hour window, CoinMarketCap.com data tells that the industry’s total valuation shrunk from over $700 billion to under $550 billion. Of the top 100 coins as ranked by market cap, astonishingly all of them regressed during this time, save for just Tether (USDT), a currency […]
Stronger Growth, Productivity Are About To Take Off
The Trump economy is off to a strong start. Since the spring, growth in gross domestic product has averaged about 3% – much stronger than either during the Bush or Obama presidencies. This winter, consumers are likely to pull back again to pay off credit-card balances accumulated during the holiday shopping season. After that, confidence […]
Bitcoin – Could Test 6,000 Level If This Support Breaks
The chart below looks at Bitcoin on two different time frames. The chart of the left looks at Bitcoin over the past 5-years, reflecting that it remains inside of bullish rising channel (1), as the trend remains higher. It hit the top of this rising channel a couple of months ago at (2), where it […]
