Punjab National Bank, Pharma Stocks & GDP Data Among Few Factors That May Sway Stock Markets Today
On Thursday, share markets in India ended marginally higher. The BSE Sensex closed higher by 84 points and the NSE Nifty finished up 34 points. The Nifty50 settled the August series of derivatives contract above 9,900 thanks to gains in information technology stocks, realty stocks and automobile stocks. Adani Ports, Wipro and Tata Power gained the most on both indices, while Bosch, Bharti Infratel, Infosys and M&Mwere the top losers. India’s Q1 GDP Data […]
Why We’re Doomed: Stagnant Wages
Despite all the happy talk about “recovery” and higher growth, wages have gone nowhere since 2000–and for the bottom 20% of workers, they’ve gone nowhere since the 1970s. Gross domestic product (GDP) has risen smartly since 2000, but the share of GDP going to wages and salaries has plummeted: this is simply an extension of a […]
Stocks To Watch: RACE, INFO, MET
Today’s stock picks Long Ferrari (RACE) Long IHS Markit (INFO) Short Metlife (MET)
When Big Money Buys Off Criticism Of Big Money
Since its founding in 1999, the New America Foundation – an important voice in policy debates on the American left – has received more than $21 million from Google, from its parent company’s executive chairman, Eric Schmidt, and from his family’s foundation. According to the New York Times, one of New America’s initiatives called Open Markets […]
Do Millennials Not Have Jobs?
Are Millennials Hurting? One of the biggest worries some people for the stock market is that baby boomers retiring will take money out of the stock market causing valuations to fall from their current lofty heights. Obviously, the next generation will put money into stocks eventually, but in the next few years there will be […]
Unemployment Lines
Friday morning’s jobs report is a fairly important news event – – – one on the calendar, at least, as opposed to these (ultimately meaningless) missile attack threats from the lunatics in North Korea. I’ll be watching the ES most carefully. It has been in a range for a while, and after it broke out, […]
Did China’s Bronze Swan Just Arrive? Copper Inventories Crash Most In History
Buyers withdrew more copper from the London Metal Exchange’s global warehouse network on Wednesday than at any time since daily records began in 1996, extending a 19-day drop. As Bloomberg notes, while the net decline in percentage terms was also the biggest since the height of China’s raw-materials boom in 2006, some have warned against reading such moves as an end […]
Hot Options Report: End Of Day – Thursday, Aug 31
Most Active Equity Options And Strikes For The End Of Day, August 31, 2017
Market Forecast: Bullish Price Action With A Chance Of Resistance
The SharePlanner Reversal Indicator is lighting up with green. After a good solid month of August where price action spent most of its time in the red, the last three days have been uber-bullish for the S&P 500 (SPX) and may even finish in the green to close out the month, which would really be […]
Hurricane Harvey To Impact GDP
We are in a new world this year in terms of the economic recovery. This year we’ve seen earnings beating the estimates from before the bar was lowered a few weeks before the reports. For the past few years we saw estimates lowered and the lowered estimates beaten. It was a game of misdirection as […]
