Dip-Buyers Assemble! Stocks On Pace For Worst Month Since October
Ok, well just when it looked like the last vestiges of the risk-off move had been summarily vanquished and relegated to the dustbin of post-crisis market history with Tuesday’s rally, the jitters are back, and thanks in no small part to Donald Trump’s rambling rally in Phoenix. Earlier this week we noted that for a […]
E Why The Aramco Deal Sticks Out Like A Sore Thumb
Once upon a time about a decade ago, some hedge managers went to the bank and tried to withdraw funds sufficient to cover redemptions and learned to their clients’ and their dismay that that would be somewhat problematic. Those attempted transactions soon turned into the proverbial sweater with the protruding strand of wool that, pulled […]
MKM Partners Bullish On Chinese E-Commerce Companies
MKM Partners was upbeat on two Chinese e-commerce companies today, upgrading JD.com (JD) to Buy from Neutral and raising its price target on Alibaba (BABA) to $220 from $177. JD A BUY: JD.com shares have retreated due to worries about the company’s margins and competition, according to MKM analyst Rob Sanderson. However, the Chinese […]
Alibaba (BABA) Catching Back Up To Amazon.com (AMZN)
Below is a chart of the historical market caps for Alibaba (the Chinese version of Amazon) and Amazon.com (AMZN). As shown, Alibaba (BABA) actually had a higher market cap than Amazon.com for quite some time just after BABA IPOed back in late 2014. Once AMZN’s market cap crossed above BABA’s in mid-2015, however, AMZN opened […]
Peak Oil And Peak Demand Are Completely Different
Following my previous article — Peak Demand? No, A New Gasoline Demand Record— I received some interesting feedback from readers. It quickly became apparent that some didn’t understand that the current discussions around “peak oil demand” are quite different than the “peak oil” arguments that were popular a few years ago. Some interpreted my headline to […]
The Biggest Fundamental – Markets Are Not Believing The Fed
More of Trump’s comments are moving the markets today but these only seem to matter for a single day. Chris Temple and I look at the more significant long term drivers for this slow growth economy, the Fed, ECB and BOJ policies. The markets are not believing the Fed will continue to tighten its balance […]
GBP/USD Sell-Off Approaching Key Support Targets
GBP/USD Daily Chart Technical Outlook: Last week we highlighted that ‘GBP/USD has been trading within the confines of an ascending pitchfork formation dating back to last year with an outside-day reversal at the highs shifting our focus lower earlier this month. Prices broke below slope support today with the decline now testing the 61.8% retracement at 1.2850.’ Prices sat […]
Cryptocurrency Firm MGT Jumps After Completing Funding For Mining Expansion
Shares of Bitcoin miner and cybersecurity developer MGT Capital (MGTI) are higher after the firm announced that it completed its $2.4M financing to expand its Bitcoin mining operations. MCAFEE CONNECTION: In November of 2016, the company announced that John McAfee, the colorful founder of software company McAfee Associates was appointed CEO. McAfee, who had previously […]
