Could The Dollar Rise By The End Of The Year?
The Dollar We don’t know for sure what caused the dollar’s weakness, but one aspect that is probably hurting the dollar is the accelerating growth in China, Japan, and Europe. Looking at future price performance, we must consider the possibility of a dollar rally. The chart below shows the speculative positioning in the dollar. When […]
US Risk Alive And Well On Debt Ceiling Per T-Bills, UK Data Sours
If there is one thing you can say about markets, it is that they keep you on your toes. If you were sitting with a long position in GBP or USD toward the end of 2017, you had reason to hope that there would be more money in your pocket by mid-2017 than if you were short. However, the […]
EUR/USD – Which Way Will It Break Out?
Tomorrow could be a key breakout day for the EUR/USD. The market will be fixated on Jackson Hole speeches especially one by Mario Draghi. As we noted earlier today, “Mr. Draghi, on the other hand, must dampen any expectations of an immediate taper despite the fact that conditions in the Eurozone have improved materially and […]
Seagate (STX) Hits New 52-week Low On Dismal Q4 Results
Share price of Seagate Technology PLC (STX – Free Report) dropped to a new 52-week low of $30.60 yesterday, eventually closing a tad bit higher at $31.01. The underperformance can be attributed to the company’s disappointing fourth-quarter fiscal 2017 results. Non-GAAP earnings plunged 41% on a sequential basis, primarily due to a 10% decline in revenues. Revenues amounted to […]
Is The Financial Crisis Really Over?
The major economies of the world keep expanding. According to official statistics, output is increasing, unemployment rates are declining, while stock and house prices edge higher. Investor risk aversion, which rose to very high levels in the period of financial market turmoil, has come down considerably, lending a boost to credit transactions and pushing asset […]
Sears Announces Plans To Close Another 28 Kmarts As SSS Drop 11.5%
Shares of Sears Holdings (SHLD) gained in morning trading after the company’s results were better than analysts were expecting despite a decline in comparable store sales. Sears also announced plans to close an additional 28 Kmart stores. EARNINGS: Before the market open, Sears reported an adjusted loss per share for the second quarter of ($1.16), […]
Will Friday Be Yellen’s ‘Irrational Exuberance’ Moment?
All eyes are obviously on Jackson Hole, where Janet Yellen and Mario Draghi will pontificate on how to “foster a dynamic global economy” tomorrow. There’s considerable debate about how much Friday’s speeches will actually matter and although I don’t have any data to back this up, anecdotally it seems like “level of anticipation” has become […]
The Economic Futurist: The Labor Force Of The 2020s
Shutterstock As an economic futurist, I try to deal in highly likely projections, and population trends are the likeliest. Who will be available to work for your company in 10 years? The news here is bad, at least for business owners and executives with a vision of growing their companies. There won’t be much growth […]
Main Street Businesses Rush To Protect Your Data
It happens so often that most of us barely take note anymore… Just in the past few months, hackers dropped a virus into hospitals’ computer systems, shutting them down. Then online bad guys penetrated HBO’s system, pilfering thousands of documents. A big part of the problem? In past years, companies did not invest enough in […]
Walmart Tumbles After Amazon Says It Will Cut Whole Foods Prices Monday
Here comes even more of that deflation the Fed hates so much. Walmart stock is getting whacked, as is the broader grocery sector, after Amazon announced moment ago that the acquisition of Whole Foods will close on Monday, and that in keeping with the company’s tradition of stealing market by underpricing its competition, it will […]
