Biotech ETFs Continue To Dominate Momentum Rankings
Biotech ETFs Dominate Rankings Again Biotech ETFs continue to dominate momentum rankings in our ETF rankings system. The latest weekly rankings are shown below as WkBk0. They represent closing prices as of Friday. The latest ranking is a non-trade day ranking. Other columns represent prior week rankings. Momentum Rankings as of July 21, 2017 The […]
A Lesson On Black-Box Investing: Kurt Lindner And The Lindner Dividend Fund
“When the facts change, I change my mind. What do you do madam?” – Winston Churchill, John Maynard Keynes, Paul Samuelson? The CFA Institute’s second quarter 2017 Financial Analysts Journal included a research article penned by Martijn Cremers, professor of finance at the University of Notre Dame, entitled “Active Share and the Three Pillars of […]
It’s All About Who You Know
YOU have just become the big winner of the latest reshuffle of White House personnel. No, this is not the result of your own Machiavellian skills in intrigue, backstabbing, and betrayal. You have ME to thanks for this development. Sometimes it seems that there is no corner on earth I haven’t visited, no event I didn’t know about […]
Illinois Tool Works Inc. Reports Highest Quarterly Income Total In Company History
IIlinois Tool Works Inc. (ITW), a manufacturer and seller of industrial products and equipment worldwide founded in 1912 and based in Glenview, Illinois posted a favorable Q2 fiscal report this morning as follows: Earnings/Share: UP 16% to $1.69 compared to the same period a year ago which included an EPS benefit of $0.03 per share related to a legal settlement. […]
Emerging Markets; Run Out Of Gas Again Here
Emerging Markets ETF (EEM) has received a good deal of positive press for its performance off the 2016 lows. No doubt it has done well, as it is up around 50% off the lows of last year, while the S&P is up nearly 30%. This 18-month rally has caused many to tout how well Emerging markets […]
‘Superfirms’ And ‘The Rise Of The Zombies’
It’s been clear for years that excessive and prolonged central bank accommodation has paradoxically served to create a disinflationary impulse in some sectors of the economy. Nowhere is this more readily apparent than in the US energy complex. Otherwise, insolvent production was allowed to effectively hibernate – as opposed to going out of business – during […]
E Major Indices Are Tracking Historical Patterns
Market Outlook With nearly a fifth of quarterly earnings results out, investors are divided on how early corporate reports are serving as an indicator of the overall health of the U.S. economy, and that could contribute to a volatile week as stocks linger near record highs. Earnings so far are confirming less-than-stellar economic data recently, […]
Greece Returns To The Bond Market With A Present To Its Last Group Of Bond Buyers
On the same day that Greek PM Alexis Tsipras triumphantly announced to The Guardian that “The worst is clearly behind us”, Greece just as triumphantly announced that its long-rumored bond issue, the first after a three-year hiatus which saw its last bond issue crash then surge, is now a reality. Just like in 2014, Greece […]
USD/CAD Falls Under 1.25 On Good Canadian Data, USD Weakness
Dollar/CAD took another step on the way down, dipping under 1.25. The next level of support is 1.2460. The low so far is 1.2494. After the initial dip, we have a minor bounce back, which looks like a “dead cat bounce”. Better than expected Canadian wholesale sales drive the loonie forward. They rose by 0.9%, […]
Progress In St. Petersburg
Expectations going into the OPEC monitoring meeting in St. Petersburg were low. The OPEC agreement to reduce output appeared to be fraying. June output appeared to have increased in several countries, and private sector estimates suggest output rose further in July. Russia expressed reluctance to extend the agreement further. Ecuador announced it would no longer participate […]
