23 Of The Last 24 Times, This Prompted A Market Plunge
While FundStrat’s Tom Lee has not been banned from ESPN, he may well be banished from mainstream business media as not only is he bullish Bitcoin, and the S&P’s most-bearish strategist (target 2,275 year-end), he is now calling for a 5% correction in stocks as market breadth collapses. “The constellation of evidence is growing supporting such […]
Oil Prices Decline As Harvey Hurricane Roars Toward Texas
Tropical storm Harvey is intensifying in the Gulf of Mexico (GoM) and is predicted to become the biggest hurricane to hit Texas in the last 12 years. Energy companies are thus busy chalking out ways to counter the storm which is expected to result into a major landfall by tonight or tomorrow. Impact of Hurricane […]
Gold Just Entered A Massive Bull Market
I have been watching the price of gold closely. I’m tracking its short-term swings and anticipating where the next move will be. And while I expect gold to make another move lower, I couldn’t help but notice it recently broke out into a new bull market. When I looked at gold over a long-term chart, there were […]
Stocks Bounce As Investors Wait For A Tax Cut
Stocks Bounce As Bulls Quell Bearish Pressure- For Now Stocks rallied last week after the narrative in D.C. shifted toward a tax cut. From a technical perspective, as long as Monday’s low holds, this appears to be another short-term and shallow pullback. The major indices are tracing out a new early entry (see the latest […]
85 Firms Going Ex-Dividend Next Week, Including McDonald’s, Pepsico And Kohl’s
There are several well known large cap stocks going ex-dividend next week including the following nine Top 100 Dividend Stocks: Qualcomm, Dominion Resources, Magna International, McDonald’s, Pepsico, Principal Financial Group, Fluor, Kohl’s and Schlumberger. Ex-dividend dates are important to dividend investors because one must own a stock on its ex-dividend date in order to be eligible to receive […]
Euro Spikes To January 2015 High As Draghi Speaks At Jackson Hole
Right, so when you think about Draghi’s remarks at Jackson Hole, don’t forget how the context has morphed over the past couple of weeks. After WSJ tipped Draghi’s speech back in July, the assumption was he’d take the opportunity to telegraph something about the wind down of QE and that was of course all kinds of bullish […]
Market Talk – Friday, August 25
Main talking point out of Asia this morning were the continued strong earnings reports and the subsequent buying conviction. In Hong Kong the Hang Seng gained over 1.2% whilst the domestic Shanghai index rallied near 2% after earnings beat expectations to finish the week well bid. We saw solid gains in Financials, energy, communications and […]
A Peak Above All Others
“Valuations are still well below the peak of 1999” say the bulls. They are certainly correct from an absolute basis but we caution that the current level of market euphoria is in a league of its own when compared to prior peaks on an “apples to apples” basis. The following table compares earnings growth and […]
