Poor Data Close Another Window Of Opportunity For A Dollar Recovery
There were some technical indicators that suggested there was an opportunity for the US dollar to stage a recovery. However, the poor retail sales data and lack of upside surprise on CPI closed that window of opportunity and left the dollar vulnerable to losses to start the new week. Although June inflation and consumption data are unlikely to have […]
EC HH A Recipe For Disaster
Justice does not always get served in the stock market because financial markets are not always efficient in the short-run (see Black-Eyes to Classic Economists). However, over the long run, financial markets usually get it right. And when the laws of economics and physics are functioning properly, I must admit it, I do find it especially refreshing. […]
Complacency Abounds
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 84 = 21,637 (record) SPX + 11 = 2459 (record) NAS + 38 = 6312 RUT + 3 = 1428 (record) 10 Y – .03 = 2.32% OIL + .52 = 46.60 GOLD + 11.10 = 1229.40 BITCOIN – 3.39% = 2156.96 USD […]
The Mighty U.S. Shale Oil Industry To Lose Another $20 Billion In 2017
Well, it looks like the U.S. shale oil industry is going to chalk up another lousy year of financial losses in 2017. This shouldn’t be a surprise as the U.S. shale oil industry hasn’t made any real money since 2008. However, I still read articles suggesting that the United States will still become energy independent […]
Inventories Bounce, Led By Autos: Inventories Adding To GDP?
Adding to silly Commerce Department reporting of “auto sales”, today we learn business inventories were up 0.3%, led by autos up 1.1%. The rise in inventories matched the Econoday consensus estimate. Inventories are looking to be a slight positive for second-quarter GDP as a 0.3 percent build in May offsets a 0.2 percent draw in April. But it’s […]
COT Report Gets Even More Favorable For Gold And Silver
Speculators are running scared in the paper precious metals markets. And that’s a good thing. The past few months’ correction has finally led hedge funds and other technical/momentum traders to shed their long positions and load up on short bets. Meanwhile the Commercials, which tend to be right at big turning points, are becoming much […]
Dividend Increases For 2017
Being a dividend investor has two major advantages, first of all you do not rely that much on the changes of the share price and when the stock price is on a very low level you just collect the dividends and maybe take advantage of the low share price and buy even more stocks. As […]
NRG Energy (NRG) Aims To Save $1B From Transformation Plans
NRG Energy (NRG – Free Report) has announced its ambitious transformation plan, which is aimed to save nearly $1.065 billion through recurring cost cuts and margin improvements. The plan also calls for divestment of assets in the range of $2.5–$4 billion and usage of the net proceeds to strengthen its balance sheet by repayment of a debt of […]
Congress Begins To Ask If Amazon Is Getting Too Big, Antitrust Hearing Called
Is Amazon getting too big? While that question has yet to be formally asked by the US government, on Friday we got a hint that it may be next on the agenda after the top Democrat on the House antitrust subcommittee, David Civilline, voiced concerns about Amazon’s $13.7 billion plan to buy Whole Foods Market […]
