Government Shutdown, North Korea, And Gold
On Tuesday, President Trump threatened to shut down the government. What does it imply for the gold market? Speaking at rally in Phoenix, Arizona, on Tuesday night, President Donald Trump threatened to shut down the government in order to secure funding to build the wall along the border with Mexico. “If we have to close down […]
While You Were Sleeping Chinese Stocks Soared The Most In A Year
In a testament to the resilience of the emerging market rally and also to investors’ (possibly blind) faith in Beijing’s ability to successfully deleverage the financial system without undercutting growth, Chinese stocks had their best day in a year on Friday as the SHCOMP rose 1.8%: You’ll note from the chart that’s the highest close since January of […]
The “Real” Goods On The July Durable Goods Data
Earlier today the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly […]
Buy Top 5 Small-Cap Funds On Optimism Over Tax Reform
Following a recent rough patch, both the Dow and S&P 500 registered the second straight day of gains on Aug 22. The Dow rose 196.14 points or 0.9%, posting its highest point and percentage gains since Apr 25, while the S&P 500 advanced 1%, marking its best increase since Aug 14. Also, the Nasdaq ended […]
Cisco: A High Yield Stock With A Fast-Growing Dividend And Low Expectations
Cisco (CSCO) is a rather unusual dividend stock because it offers a relatively high yield near 4% but has grown its payout at a fast clip, including a 12% boost earlier this year. In fact, the company’s quarterly dividend payment has increased from 6 cents per share in 2011 to 29 cents most recently, nearly […]
Gold Juniors’ Q2’17 Fundamentals
The junior gold miners’ stocks have spent months grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling Trumphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn’t mislead them. The juniors recently reported […]
GDP Forecasts: GDPNow 3.4%, Nowcast 1.9%
The GDP forecasts by the Atlanta Fed GDPNow model and the New York Fed Nowcast are in the same ballpark this week. The GDPNow estimate is 3.4%. The Nowcast estimate is 1.9%. GDPNow Forecast: 3.4 Percent — August 25, 2017 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is […]
Small Risk, Big Return: The Safest Bet In Commodities Today
Over the past few months, I talked about several agricultural investments: agribusiness, sugar, cotton, cocoa, etc. Investors hate the basic, fundamental stuff right now. They want Uber and Google, not cotton and wheat. They want Apple, not apples. Food is boring. Now that sentiment has hit an unusual extreme. The mood is so ugly that a SentimenTrader.com indicator wants […]
The Small Caps
There are times I have so many ideas to share, I can barely contain myself. There are other times – – like this entire week – – when I find the market wholly uninteresting and have more trouble providing fodder. But the show must go on, so I offer you this chart of the ETF […]
GameStop Slips After Earnings Miss Despite Assurances For ‘Better’ Second Half
Shares of GameStop (GME) plunged after the video game retailer reported second quarter results, with adjusted earnings for the quarter falling short of consensus estimates. The company also noted a decline in U.S. comparable store sales in the quarter as well as a dip in new software sales and pre-owned sales. WHAT’S NEW: After the […]
