EUR/USD At A New 14-Month High On Trump Junior Troubles
EUR/USD is trading at 1.1474, the highest since May 2017 as the greenback weakens on the troubles of Trump Junior. A “smoking gun” was presented by the New York Times: evidence that the son of the president knew the Russian government wanted to offer him valuable and incriminating information about Hillary Clinton. A potential impeachment of […]
May 2017 Headline Wholesale Sales Down
The headlines say wholesale sales were down month-over-month with inventory levels remaining at levels associated with recessions. Our analysis disagrees. Analyst Opinion of this month’s Wholesale Sales The decline this month in the headline data could be attributed totally to petroleum products. Overally, I believe the rolling averages tell the real story – and they […]
Canadian Borrowers Losing Ability
Home sales in Canada’s largest city–Toronto–fell 37% year over year in June. Long overdue buyer exhaustion has finally been triggered after the Feds tightened mortgage insurance requirements last November and Ontario imposed a 15% tax on foreign purchasers in April. Now regulators are considering new rules requiring lenders to stress test uninsured mortgages (prompted by […]
Academic Research To Support Value Investing
Value investing is the technique of attempting to buy stocks that are trading at discounts to their intrinsic value. After purchasing undervalued stocks, value investors wait patiently for the market to fully appreciate the stock, allowing it to rise in price. “Prices fluctuate more than values – so therein lies opportunity.” – Joel Greenblatt Value investing […]
Bitcoin Tests Retracement
The CFTC is moving to grant another license to a cryptocurrency derivative exchange. On Business Insider, we read: While most federal regulators in the US have taken a sluggish approach to cryptocurrencies, the Commodity Futures Trading Commission (CFTC) has been an exception. In September 2015, the body designated cryptocurrencies as commodities, rather than currencies. Then, in […]
Snap Slides Below IPO Price As Morgan Stanley Warns On Instagram Threat
Shares of Snap Inc. (SNAP) are slipping after Morgan Stanley analyst Brian Nowak downgraded the stock to Equal Weight from Overweight saying that its ad product is not evolving as quickly as expected, while Facebook’s (FB) Instagram competition is increasing. Meanwhile, his peer at Aegis argued that he now sees weaker June usage trends for […]
Alpha-Winning Stars Of The Bull Market
Alpha is hard to come by. Correction: Positive alpha is rare, negative alpha is plentiful. Just look at the latest SPIVA, the S&P Index Versus Active Scorecard. Over the past decade, barely 11 percent of large-cap core mutual funds beat the S&P 500 Index. Now, many investors and financial advisors equate outperformance with alpha but that isn’t […]
Transport ETF (IYT) Hits New 52-Week High
For investors seeking momentum, iShares Dow Jones Transportation Average Fund (IYT – Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 27% from its 52-week low price of $136.79/share. But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term […]
Is The Nasdaq Showing 2007-Like Cracks?
Facts Instead Of Forecasts The definition of a fact is a thing that is indisputably the case. The chart below shows the long-term trends in the Nasdaq rolling over in late 2007. The chart presents a set of indisputable facts. Notice in late 2007/early 2008: The fastest weekly moving average (blue) crossed below the other moving […]
Sector ETFs & Stocks To Tap Q2 Earnings Growth
The Q2 earnings season is underway with major banks set to report this week. Earnings for the S&P 500 index are expected to grow 5.7% from the same period last year on 4.6% higher revenues, as per the latest Earnings Trends. However, earnings and revenue growth estimates are lower than Q1 growth of 13.3% and 7%, […]
