The Safest Banks To Invest In
Photo Source Investing in the safest banks has historically been very lucrative. They have high returns on equity and can dig economic moats around their businesses in the form of high switching costs. Changing banks is a hassle, and most consumers don’t bother to take out assets even if they find a competitor that offers […]
Precious Metals And The Dollar
Rick Ackerman kicks off today with his targets for gold, silver and the US dollar. The burden of proof is still on the bulls to finally push the gold price past the election night highs. As for the dollar, Rick looks at the longer term chart to assess if the dollar is in trouble. He […]
Workday Is On The Move And Is Breaking Out Right Now
Work Day (Ticker: WDAY) is on the move and is breaking out right now. WDAY spent the past month and a half consolidating and the past week really tightening up. When we see patterns tighten up, build support, and get close to a pivot like WDAY did, it gives us a low-risk way to play […]
Housing Is Local: Use Caution Generalizing
The latest house price data, the S&P CoreLogic Case-Shiller Home Price Indices, illustrate a critically important point: real estate is local. That seems an obvious statement, but many of us have to make national or even global generalizations about the economy, the demand for mortgage debt, the net worth of households, or the need for new […]
FAANGs In Finance Pt. 3: Google
<< Read Part 1: FAANGs In Finance: Joining The Customer Journey << Read Part 2: FAANGs In Finance: Amazon What’s the #1 source for fast, accurate information? Google. With a culture of transparency and unparalleled data management capabilities, Google is positioned to help wealth managers engage clients by delivering the highest level of insight into their investments. […]
July 2017 Initial Unemployment Claims Rolling Average Unchanged
The market expectations for weekly initial unemployment claims (from Bloomberg/Econoday) were 235 K to 243 K (consensus 240,000), and the Department of Labor reported 244,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 244,000 (reported last […]
Make Way For Uncle Buck
It has been a contrarian trade that has not yet worked out; by that I mean my short position on the Euro and preparation for a firming US dollar. Yesterday the market cheered the supposedly dovish Fed, and USD got smeared again as the world’s counter party paper boosted assets far and wide… on nothing […]
July FOMC Meeting And Gold
Yesterday, the Fed released its most recent monetary policy statement. How can it affect the gold market? In line with expectations, the Fed kept interest rates unchanged at between 1.00 and 1.25 percent: “in view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at […]
131% Surge In Civilian Aircraft Orders Propels Durable Goods Report: Diving Into The Details
Durable goods orders rose a whopping 6.5% in June led by civilian aircraft orders. Econoday economists expected a 3.5% rise. Excluding transportation, however, durable goods orders only rose 0.2% vs the Econoday consensus of 0.4%. Rounding out the report, a commerce department revision took May from -1.1% to -0.1%. Aircraft orders don’t dribble out day by day, […]
E Canadian Bond Investors Overreact To The Bank Of Canada’s Rate Hike
So often investors take one move on the part of a central bank as a signal that the universe has changed fundamentally. This is the case with the knee-jerk reaction on the part of bond investors and currency speculators following the Bank of Canada’s decision to hike its overnight rate by 25pbs. Now, there are […]
