The Biggest Risk Of Passive Investing
There’s been a lot of outcry over the years about how passive investing is creating all these new risks. High fee active managers are always critical because they say silly things like “indexing is average” (see my response). Some other people say it’s hurting the economy (see my response). Others have even compared it to […]
USD/CAD: Is This Just The Beginning? 1.40 Is Next?
Trump calls out timber to the northern neighbor. Trudeau says Canada will respond firmly and reasonably. The issues of milk and lumber cause tension. The loonie is higher. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: USD/CAD: Breakout: A Strong Chance Of Hitting 1.40 – SocGen Societe Generale FX Strategy Research notes […]
Richmond Fed Manufacturing Survey Again Improves In April 2017
Of the four regional Federal Reserve surveys released to date, all are in expansion. Analyst Opinion of Richmond Manufacturing For the fourth month, the regional Fed surveys seem to be saying uniformly that growth is expanding. The Richmond Fed subcategories were strong – especially new orders. Market expectations from Bloomberg/Econoday was 15.0 to 20.0 (consensus […]
New Home Sales Near Post Crisis High
New homes sales rose at a seasonally-adjusted annualized rate (SAAR) of 621,000 in March vs. an Econoday expectation of 588,000. All elements are kicking in for housing right now with prices showing strength, permits moving up, and also sales on the climb. New home sales came in much stronger than expected, at a 621,000 annualized rate in […]
McDonald’s Corp Reports 4% Rise In Global Sales Including Its Flagship U.S. Market
McDonald’s Corp. (NYSE: MCD), says its sales rose in the first quarter, including in the flagship U.S. market where it has been promoting different sizes of Big Macs and drink deals noting that its U.S. business “continues to focus its efforts on driving guest count growth.” By BNN.ca MCD, the world’s largest burger chain, says Q1: […]
Here’s Today’s Stock Watch List
Today’s stock watch list Long American Airlines (AAL) Long Tableau Software (DATA) Short Terex Corp (TEX)
GBP/USD Breakout Capped By Near-Term Holding Pattern Ahead Of UK GDP
Currency Last High Low Daily Change (pip) Daily Range (pip) GBP/USD 1.2828 1.2830 1.2775 32 55 GBP/USD Daily Chart – Created Using Trading View
What Is Going On With Barrick? My Answer: Nothing Special
Today Barrick Gold (ABX) released its 1Q 2017 report. In my opinion the results were decent however Barrick’s shares are diving now (at the time of writing this post they are 9.8% down). What is going on? Well, the company also published its updated production outlook for this year. Look at the table below: all figures in […]
Has Gold Lost Its Mojo
Gold price enthusiasts are wondering why the recent rally has suddenly lost its “mojo”. Some analysts worry about the GDXJ ETF portfolio rebalancing, and others are focused on the global stock markets rally. That’s a seasonal chart for gold, courtesy of Dimitri Speck. While the headlines are full of news on North Korea and US […]
Longevity And Income
Americans do not like to talk about class. Many like to think that there are no classes in the US and that sufficient hard work and one’s socio-economic status can be raised. These days, discussions of the disparity of wealth and income are acceptable ways to talk about class. There are various studies that suggest such mobility […]
