Here’s How To Play An Increasingly Volatile Oil Market
If you needed a reminder that oil prices can be volatile and are hyper-sensitive to every single data point and/or headline that crosses the wires, you got all the proof you needed last week. And then you got some more evidence on Tuesday when, as we wrote earlier, oil whipsawed as API data clashed with Saudi […]
E Alimentation Couche-Tard Reports Earnings
The company reporting today was Alimentation Couche-Tard (ANCUF) which fell short with its Q3 results. It reports in US dollars because of its US operations are key. For some reason trading was suspended in Canada early this morning but resumed at 9:06 am. It reported $287 mn in net earnings, up 4.7% from $274 mn in the prior […]
Keeping It Real: Integrity In Financial Prognostications
This post has to do with something which may seem like an oxymoron: integrity in financial prognostications. What inspired me to address this topic? Oh, that’s easy: As you can see, back on February 22nd, Dennis “Commodity King” Gartman went on CNBC to declare that, at long last, for the first time in about five years, […]
Ahead Of The Fed Meeting
US investors are buying gold bullion once again. Surprisingly, it is happening ahead of tomorrow’s Fed announcement day. Yesterday and today as many as 314.2 thousand ounces of gold were added to GLD vaults: Another gold bullion vehicle, iShares Gold Trust (IAU) added 9.6 thousand ounces of gold. Interestingly, today the share prices of precious metals mining […]
Estimating Future Stock Returns, December 2016 Update
What a difference a quarter makes! As I said one-quarter ago: Are you ready to earn 6%/year until 9/30/2026? The data from the Federal Reserve comes out with some delay. If I had it instantly at the close of the third quarter, I would have said 6.37% — but with the run-up in prices since […]
What’s Preventing The Dow From Exploding?
The stock market has once again entered a period of consolidation as investors wait for the results of the most important legislative decision of the year. The fight to repeal and replace Obamacare has taken the spotlight as Congress debates the passage of legislation that would eliminate its most burdensome aspects for businesses and individual […]
Market Review & Forecast
A review of the current market and a forecast for tomorrow. Video Length: 00:09:57
Market Rates – Tuesday, Mar. 14
The bullish percents are headed lower which means the broad market is experiencing some selling pressure. If this indicator keeps going lower then at some point the general market indexes will head lower as well. However, the SPX hasn’t even broken below the 20-day yet. The market is a bit oversold based on the PMO […]
New Mexico R.I.P (Ripple In Peace)
Today, news came out that New Mexico, our home state, has the highest unemployment record in the country. With a rate of 4.7% nationally, NM’s rate stands at 6.7% up from 6.5% a year ago. Here are the top 3 reasons why: Volatility in the oil and gas sector, which has led to layoffs Declines […]
9.8% Earnings Growth Expected In 2017
This week is going to be centered around the Fed’s decision on interest rates on Wednesday. This rate hike will be met with much less angst than the previous two as investors become accustomed to the Fed raising rates at a faster clip than 25 basis points per year. The decision on rates will be the […]
