Markets End On Softer Note Following Dismal NFP Numbers
Wall Street and European stocks finished mostly lower on Friday after U.S. employers shed jobs in September for the first time in seven years, as weather-related disturbances weighed on hiring. Nonfarm payrolls fell by 33,000 in September, confounding expectations of a 90,000 gain, data from the Labor Department revealed Friday. The August figures were revised […]
Gold Prices Rise But Gains May Be Fleeting As FOMC Minutes Loom
Gold prices rose as the US Dollar pulled back and front-end Treasury bond yields stalled after hitting the highest the level since June 2009. The move appears to be corrective as markets digest two weeks of building Fed rate hike speculation before minutes from September’s FOMC meeting hit the wires tomorrow, offering traders fresh direction cues. Crude oil prices marked time after […]
WTI Crude Oil And Natural Gas Forecast – Tues. Oct. 10
WTI Crude Oil The WTI Crude Oil market rallied initially on Monday, but found the $50 level to be a bit too resistive. After the very bearish candle that formed on Friday, it looks very likely that we are going to continue to go lower. If we break down below the $49 level, then I […]
UK Manufacturing Output Beats With 0.4% – GBP Rises
Industrial output is up while the trade deficit widens. The pound prefers to see the glass half full with GBP/USD heading towards 1.32. UK manufacturing output is up 0.4% m/m and 2.8% y/y, better than projected. The wider industrial production is up 0.2% as expected but 1.6% y/y, beating expectations. On the other hand, the trade […]
Dividend Champion Portfolio October Update
The High Yield Dividend Champion Portfolio is a publicly tracked stock portfolio on Scott’s Investments. Its goal is to capture quality high yield stocks with a history of raising dividends. The screening process for this portfolio starts with the “Dividend Champions” as compiled by DRIP Investing. The list is comprised of stocks that have increased their dividend payout for […]
The Truth About The “Estate (Death) Tax”
As Benjamin Franklin once eloquently put it, there are only two things in this world that are certain: death and taxes. While taxes in many forms are a reality for every American in one form or another, the odds of you having to face estate taxes at the time of your death are demonstrably small. There’s been […]
GBP/USD Builds Wave 4 Correction In Downtrend Channel
GBP/USD 4 hour The GBP/USD is building a bullish retracement in the downtrend channel (red line) which could be part of a larger wave C or 3 (green). 1 hour The GBP/USD is probably building a deeper bullish retracement via a wave 4 (orange). This wave 4 (orange) becomes less likely if price breaks above […]
EUR/USD Daily Analysis – Tuesday, October 10
EUR/USD stays below a descending price channel on its 4-hour chart and remains in the downtrend from 1.2092. As long as the price is in the channel, the downtrend could be expected to continue and another fall to test 1.1662 support is still possible. A breakdown below this support level could bring price to the […]
Irrational Spending
Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB) DOW – 12 = 22,761 SPX – 4 = 2544 NAS – 10 = 6579 RUT – 6 = 1503 10 Y bond market closed OIL + .23 = 49.52 GOLD + 7.50 = 1284.60 Cryptocurrency Number of Currencies: 874 Total Market Cap: $151,863,387,347 24H Volume: $4,534,543,782 Top Cryptocurrencies Name […]
When Mean Reversion Fails
Are equities overvalued? Is the economic expansion long in the tooth? — In attempting to answer these questions, we often look to averages: -What is the average valuation? -What is the average length of an expansion? We then take the present environment and compare that to the average past to make definitive statements about the […]
