Stocks At New All-Time High, Will Uptrend Accelerate?
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday outlook (next 24 hours): bearish Short-term outlook (next 1-2 weeks): bearish Medium-term outlook (next 1-3 months): neutral Long-term outlook (next year): neutral The main U.S. stock market indexes […]
Key Events In The Coming Week: The Summer Doldrums Arrive
With little on the US economic docket in the coming days as the summer doldrums arrive, with Citi saying that “though several events of note linger on the horizon for later this week, G10 is firmly on the beach as of this morning”, this week’s focus is on the ECB and BoJ meeting along with […]
BlackRock, Inc. 2Q 2017 Earnings: EPS, Revenue Miss Estimates
The BlackRock 2Q 2017 earnings report was released before the opening bell this morning. The firm posted adjusted earnings of $5.24 per share on $2.97 billion in revenue. Analysts had been expecting $5.40 per share in earnings and $3 billion in revenue. In last year’s second quarter, BlackRock reported $4.78 per share in earnings on […]
The Permian Basin Blues
They’ve got the Permian Basin blues. Nothing they can do. Orders rigs when prices were high and so they drill a hole and let it die. While the rig counts rise, it slows the profits for shale operators and the cost of production is going up. Baker Hughes reported that drillers added just two oil […]
“Bigger Systemic Risk” Now Than 2008 – Bank Of England
– Bank of England warn that “bigger systemic risk” now than in 2008 – BOE, Prudential Regulation Authority (PRA) concerns re financial system – Banks accused of “balance sheet trickery” -undermining spirit of post-08 rules – EU & UK corporate bond markets may be bigger source of instability than ’08 – Credit card debt and car loan surge […]
People Buy Payments & Why Rates Can’t Rise
This past week, the lovely, and talented, Danielle DiMartino-Booth and I shared a discussion on the ongoing debate of why “Rates Must Rise.” Debt drives rates lower….not higher. Debt is deflationary. See chart below and read this: https://t.co/jHAcnuGTit pic.twitter.com/tM2a5BrIiO — Lance Roberts (@LanceRoberts) July 14, 2017 I know..yes…the piper will be paid but in the […]
Japan Is Leading Dividend Growth In International Markets
Once a year, WisdomTree conducts a rebalance of its dividend-weighted stock Indexes that adjusts positions based on changes in relative valuations. We measure these relative valuations by examining stock price movements versus fundamentals in international markets. The primary variable we are utilizing in our broad-based index strategies is a company’s, Dividend Stream®. At this year’s May rebalance, one trend we noticed […]
FX Markets Turn To New Zealand, UK CPI And BoJ, ECB Meetings
After a bump in inflation in the first part of the year, New Zealand, like many other developed countries, is expected to have seen price pressures cool by mid-year. According to a Bloomberg News survey, we’re looking for the Q2’17 New Zealand CPI figure to come in at +1.9%, down from +2.0% in Q1 (y/y). The Reserve […]
Market Outlook – Monday, July 17
What is the Market Outlook this week? Welcome to the EasyMarkets weekly outlook starting this Monday July 17. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. The week kicks off with major economic data out of China and then key inflation data from Europe, New Zealand and the […]
Morning Call For Monday, July 17
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.07%) this morning are up +0.05% as stronger-than-expected China Q2 GDP bolstered optimism in the global economic outlook. Strength in China Jun industrial production along with a faster-than-expected pace of growth in Q2 lifted commodities with Aug WTI crude (CLQ17 -0.19%) up +0.04% at a 1-week high and Sep […]
