Uncharted Waters. Negative Interest Rates Bring Risk And Uncertainty
Banking is a business and for generations the retail banking system has thrived on a profit model where they hold, sell and lend money for a percentage or a return. Like most businesses, the banking sector has always competed for customers with various monetary incentives like interest free checking, cash bonuses, and other perks to […]
What Can Finish Line Do To Revitalize Earnings?
Photo Credit: Mike Mozart Finish Line, Inc. (FINL) Consumer Discretionary – Specialty Retail | Reports March 24, Before Market Opens Key Takeaways The Estimize consensus calls for EPS of $0.81, 1 cent below Wall Street, with revenue expectations of $569.23 million, about $2 million less than the Street Finish Line is looking to reconcile some of its […]
General Mills Beats Q3 Earnings; Misses Sales
General Mills, Inc. (GIS – Analyst Report) is easily a leading manufacturer and marketer of branded consumer foods sold through retail stores. The company’s core brands like Big G cereals, Betty Crocker and Hamburger Helper dinner mixes, Pillsbury refrigerated dough products, Progresso soups and Yoplait yogurt enjoy leading positions in attractive food categories. However, much like the […]
E The Daily Shot And Data – March 23, 2016
We begin with the United States where even the more dovish Fed officials such as Evans are now preparing the markets for at least two rate hikes in 2016. Source: Chicago Tribune Here is the 10y note futures contract declining in response to this messaging from the Fed. Source: barchart The market is still assigning […]
SunEdison Plummets On Imminent Bankruptcy; Axiom Sees “The Beginning Of The End” And 85% More Downside
The sun is about to set on SunEdison (SUNE). Once upon a time SunEdison was one of the most popular hedge fund hotel stocks, which however, just like Valeant, has led all of the hedge funds who were long the name (and still are) to ruin. Case in point: yesterday the stock plunged another 25% […]
Were Canadian Oil & Gas Companies Able To Raise Finance In 2015 And 2016?
New analysis from CanOils has shown that while the total value of Canadian oil and gas company financing arrangements being completed has fallen since the commodity price downturn began in late 2014, companies have still been able to raise finance. Looking at all TSX and TSX-V listed oil and gas companies that produced between 0 and 100,000 […]
DAX 30 Recuperates Its Losses Following The Attacks On Brussels
The DAX 30 (FXCM: GER30) is trading near levels seen on Monday and has recuperated its losses following yesterday’s attacks on Brussels. The technical trend is a bullish one since mid-February and the trend defining level is the March 10 low of 9397. The next resistance level is the January 13 high of 10,166 and on a successful breach to this high, the next high inline, the January […]
Gold Has Signaled A Failed Daily Cycle
Gold has signaled a failed daily cycle. It should now be starting a completely natural move down into an intermediate cycle low over the next 5-6 weeks. I expect the move will be tortuous and difficult for both bulls and bears. Gold is now in a new bull market. Don’t expect the declines to behave […]
E Brussels Attacks Move Across The Board
On Monday, the British pound lost further ground for the greenback (USD), pushing the GBP/USD major into daily lows near the 1.4370 handle. The pair is trading defensively in a market dominated by a major offer in riskier assets and a drop in the USD bid tone across the board. Last week’s surge has not […]
Wednesday Twofer
A twofer with this post. First is an update on the market which has been dancing back and forth around its 200 day moving average (DMA). I said back in August that I thought a bear market had started and I still believe that to be the case. To the extent bear markets start slowly, […]
