What’s Ahead For Copper, Gold, And US Markets
(Audio length 00:15:04) We wrap up the markets today with Rick Ackerman. He shares his outlook for copper, gold and US equity markets. We discuss what copper is usually telling us when heading higher but we do not see that in the global economy. As for gold Rick still, wants to see some technical levels […]
Is This Billionaire’s Dividend Safe?
Sometimes it’s easy to forget that a share of stock is a piece of ownership of a business… a business that was created by people who poured their blood, sweat and tears into it. Some of these businesses are still run by the person who started the company or their family. While most executives work […]
Forex Metrics And Chart Month September 2017
The Top 10 of the Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: the CAD(3X) with the AUD(3X) and EUR(3X). The weaker currencies are the GBP(4X) followed by the NZD(3X) with the JPY(3X). By diversifying a nice combination can be traded in the coming month […]
Dow Jones Changes “Hoax” Index Divisor For First Time In 2 Years
For the first time in two years, the owners of the Dow Jones Industrial Average have changed the benchmark’s divisor, the number used to determine how moves in the share prices of individual Dow components affect the level of the index. The new divisor is now 0.145233969 from 0.146021281. With the new divisor, a $1 price […]
Stocks Sell-Off As Irma Looms
The stock market had a minor move lower on Tuesday in the first day back from the Labor Day weekend. This is the start of the weakest month of the year. For some reason, the North Korean threat is now being considered an issue again even though the market ignored the missile launch by trading […]
Stanley Fischer Is Out At The Fed
Fed Vice Chair and Yellen ally Stanely Fischer announced his unexpected resignation today, citing “personal reasons.” His term as a Fed governor wasn’t to be over until 2020 and his vice chairmanship was to end June of next year. Fischer was one of the three most important Fed members, the other two being Yellen herself […]
Market Talk – Wednesday, September 6
A lot of the talk in Asia was surrounding concerns over the continued and unsurprising decline in the KOPSI. Today it fell again (-0.3%) with industrials and core exporters leading the decline making this the fifth day sellers have taken the lead role. The Nikkei lost for another day, but this time only a small […]
Beige Book Synopsis In Two Words: Modest, Moderate (In One Word – Useless)
The Fed’s Beige Book is a summation of useless anecdotal information compiled by Fed governors from each of the Fed’s 12 regions, eight times a year. The report is 36 pages long so inquiring minds may be seeking a short version. Rates of Expansion Moderate Expansion: San Francisco, Cleveland, New York Moderately Expanding: Dallas Modest Expansion: […]
Stocks Pop, Gold Drops After ‘Calmed’ Korea, Debt-Ceiling Delay, & Dismal Data
Disappointing Data this morning was trump’d by some de-escalation with North Korea and a short-term debt-ceiling can-kicking – stocks rallied, bonds & bullion leaked lower, and the dollar was unable to get back into the green… Video length: 00:00:03 The biggest headlines of the day came out of DC (as usual) with Trump seeming to de-escalate […]
