ECB October Meeting Preview: Will The ECB Turn Hawkish?
Summary: Investors gear up for the ECB’s tapering announcement Expectations are for the central bank to cut its QE purchases by as much as 30 billion euro Scope of the re-calibration to be in effect for at least nine months starting January 2018 Majority of the QE re-calibration to come from the corporate bond […]
Above The 40 – The S&P 500 Wavers Its Way Into A Close Call
AT40 = 57.2% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.8% of stocks are trading above their respective 200DMAsVIX = 11.2 (was as high as 13.2)Short-term Trading Call: cautiously bullish Commentary It took three days for the volatility faders to show up again. Nerves in volatility trading stretched for a third day with […]
EUR/USD Bullish Bounce Faces Resistance Before ECB Rate Decision
EUR/USD 4 hour The EUR/USD is facing an interest rate decision later today by the European Central Bank (ECB), which could cause strong price movement and volatility. From a wave perspective, price could be finishing a wave 1 (blue) and ready for a retracement back to the Fibonacci levels of wave 2 (blue). These Fib […]
4 Stocks Destined For Disaster
As a venture capital analyst — one who’s even helped raise capital myself — I’m agitated but not shocked by the news coming out of Blue Apron (NYSE: APRN). The company only IPO’d a few short months ago — back in June. Yet we just learned that the fledgling meal kit-maker will lay off 6% […]
Passive Investors Beware Of Lopsidedness
A curious trend has emerged within one of the world’s major equity benchmarks: the S&P 500. As passive or index investors should be well aware, their portfolios will change over time as the index changes. So it’s arguably a key development that the S&P 500 has become increasingly lopsided. The chart comes from the latest […]
The Difference Between Keynesian Kaleido-Static Reasoning And Mainstream Methodology
by Philip Pilkington In order to give an adequate definition of what has been called Keynesian kaleido-statics it is first relevant to define it against that out of which it grew. Keynes’ work, as has been noted many times, grew out of the work of Alfred Marshall. Keynes, in a very real sense, should be […]
Energy ETFs Head To Head: XLE Vs. VDE
The energy sector is garnering a lot of investor attention lately. With increasing geopolitical tensions, talks of further OPEC cuts and decreasing production, oil prices are having a good time. Reason Behind the Appeal OPEC is scheduled to meet on Nov 30, 2017 to decide on the future of oil production cuts. The markets believe […]
All Eyes On ECB
The euro firmed against the dollar on Thursday as traders await the European Central Bank’s plans for curbing its bond-buying program which is expected to be released later on Thursday. As of 12:40 p.m. HK/SIN, the euro was up 0.11 percent to $1.1824. The euro also posted gains against the pound and the Swiss franc […]
You May Not Be Glad About This 7.5% Yield
I’m a fan of business development companies (BDCs) that invest in private businesses and typically pay big dividends to shareholders. Gladstone Investment Corp. (Nasdaq: GAIN) is a BDC that offers a 7.5% yield and pays shareholders monthly. Gladstone recently increased its dividend to $0.065 per share. It will also pay a special $0.06 per share dividend […]
Euro Eyes ECB Policy Update, Bias Favors Weakness
All eyes are on the ECB monetary policy announcement in European hours. President Mario Draghi and company are widely expected to “taper” the size of monthly QE asset purchases while extending the program beyond 2017. Baseline expectations envision halving the current pace of uptake from €60 to €30 billion and pushing the expiration date out by nine […]
