Brazil Breakdown Continues
I talk quite a bit about Brazil here on Slope, and the breakdown in the ETF fund symbol EWZ symbols (and, likewise, the ascent in ultrashort fund BZQ). The trendline failure matters:
Market Talk – Tuesday, November 14
All core markets finished lower in Asia today, with the possible exception of the Nikkei that closed almost unchanged. The Hang Seng closed small down but was Shanghai that lost -0.5% which after the data was actually not that bad! Today we saw Industrial Production, Retail Sales and Investment Spending and it was the talk […]
Bulls Able To Recover Early Losses
Another day where bulls had to dig deep to make back early losses but there was little more beyond that. The Russell 2000 remains the index most feeling the pressure. It’s trading below the 50-day MA but hasn’t experienced the kind of day where longs will feel pressured to sell. Some traders may take an […]
Stocks Stagger On Tax Turmoil As Junk Debt Dumps To New 8-Month Lows
Yellen warns “valuations are at the high end of ranges” but tax cut details diss stocks. It was all going great until I hit 310kph… Video Length: 00:02:05 Ugly data from China overnight sent China bond and stock prices lower… Notably Gold remains the only asset higher since the Saudi chaos… All Cash Indices […]
Yield Curve Flattens: Profit From This ETF
It’s not just the Fed that is adding volatility to the Treasury market and the yield curve, a combination of other factors are also behind the fluctuation. Currently, the short end of the yield curve is rising faster than the long end, and the spread between both is narrowing. In fact, the yield curves are […]
Wells Fargo Says Buy Coca-Cola Ahead Of Investor Day
In a research note to investors, Wells Fargo analyst Bonnie Herzog upgraded Coca-Cola (KO) to Outperform ahead of the company’s investor day meeting on November 16. The analyst argued that the market is underestimating “several key points” and that Coca-Cola should be “a core holding” in 2018 and beyond. BUY COCA-COLA: Wells Fargo’s Herzog upgraded […]
It Looks Like The Oil Is Topping Now
According to the latest Commitments of Traders report, Money Managers trading Crude Oil (light sweet) futures increased their net long position in these futures to 340.2 thousand contracts or 13.1% (calculated as the net long position divided by the total open interest): In that way the LONG oil trade entered the over bullish area. […]
Global Outlook Continues Improving
from the Dallas Fed — this post authored by Kelvinder Virdi World gross domestic product (GDP) edged up in the second quarter, thanks to improvement in both advanced and emerging economies. World real (inflation-adjusted) GDP (excluding the U.S.) rose 0.4 percentage points to 3.5 percent on a year-over-year basis (Chart 1). Advanced economies (excluding the […]
How Would A Reduced Corporate Tax Rate Affect Investors?
While most Americans are keeping an eye on the proposed Republican-led tax reform to determine if they will personally be in the winner’s or loser’s circle when it all shakes out, some savvy investors are looking at the bigger picture. Outside of the changes to income levels and deductions that are being floated, one notable […]
General Electric Market Cap Down $240 Billion Last 10 Years
General Electric (GE) has gotten absolutely crushed over the last two days, falling 15% from $20.50 down to $17.50. GE’s peak of the current bull market for the S&P 500 came on July 20th of last year, but since then it’s down 47%. Even more shocking is that at $17.50, GE’s share price is trading […]
