Hot Options Report For End Of Day – Wednesday, Nov. 15
Top Tickers For End Of Day November 15th – BAC, CBS, RDS-A, AAPL, CVX
Looking To Buy The Dips? Here Are ETF & Stock Picks
Though the flattening of the yield curve, uncertainty over tax reform plan and falling oil prices have been making investors jittery lately, the overall sentiment has been hugely positive. This is especially true given that the global economy has picked up momentum with every major economy witnessing growth in almost a decade. According to the […]
Bespoke’s FAANG+ Trading Range Screen
Even with the market in pullback mode over the last week, the five largest Nasdaq 100 stocks remain just barely in overbought territory as shown in our trading range screen below. There’s plenty of downside room for these “five horsemen” to drop before they get anywhere near oversold territory…
Three Strikes And You’re Out!
As we keep insisting, monetary central planning systematically falsifies asset prices and corrupts the flow of financial information. That’s why bubbles seemingly inflate endlessly and egregiously, and also why financial crashes and economic corrections appear to come out of the blue without warning. Back in the winter of 1999-2000, for example, we were allegedly in the midst […]
Market Talk – Wednesday, November 15
Asian markets opened lower with markets continuing the slide as the day progressed. The Nikkei took the trophy for being the weakest component with a daily loss of 1.6%. With declining energy and commodity prices coupled with poor economic data was enough to take the market lower and the immediate effect was a strengthening of […]
Market Arithmetic And Balance Sheet Worries: Earnings Vs Interest Payments
Junk bonds have been underperforming lately as widely noted. Albert Edwards at Society General also notes the underperformance of companies with poor balance sheet fundamentals. Edwards Comments “With bullishness sentiment at extremes, is it significant that my colleague Andrew Lapthorne noted in his widely read “Global Market Arithmetic” that despite the overall equity market continuing […]
Total Household Debt Increases, Delinquency Rates Of Several Debt Types Continue Rising
from the New York Fed The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased by $116 billion (0.9%) to $12.96 trillion in the third quarter of 2017. There were increases in mortgage, student, auto and credit card […]
Strong Q3 Earnings Push Insurance ETFs Higher
The insurance industry has performed well this reporting cycle with robust earnings from key players. Even damages from successive hurricanes Harvey and Irma have not taken the sheen away from the industry as predicted earlier. Prominent players such as MetLife (MET – Free Report) , Prudential Financial (PRU – Free Report) , Chubb Corp (CB – Free Report) , Allstate (ALL – Free […]
Consumer Price Index: October Headline At 2.0%
The Bureau of Labor Statistics released the October Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 2.04%, down from 2.23% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 1.77%, up fractionally from the previous month’s 1.69%. Here is the introduction from the BLS […]
Junk Bond Weakness Limited To Healthcare & Telecommunications
Relative Valuations We’ve seen a coordinated stock market rally in about every index globally. The chart below compares the recent Shiller PEs of the American, Japanese, European, and Emerging stock markets. The dotted lines are the average since the start of this bull market in 2009. As you can see, America, Japan, and Europe are […]
