Morning Call For March 21, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 +0.06%) are up +0.11% at a 2-1/2 month high and received a boost on increased M&A activity after Sherwin-Williams agreed to buy Valspar Corp. for about $9.3 billion. Valspar surged 31% in pre-market trading and Sherwin-Williams is up over 2%. European stocks are up +0.38% on increased […]
Why Stocks And Bonds Are Useless
Looking forward, traditional investments are unlikely to produce attractive returns over the next decade. The days of investing in an S&P 500 index fund and closing your eyes and hoping for the best are over. Stocks are expensive, and interest rates on 10-year Treasuries are near historic lows as well. Frankly, neither stocks nor bonds […]
USDJPY Looks To Cap Weakness At Key Support Zone
USDJPY: With the pair continuing to maintain its downside pressure, further bearishness is envisaged though with caution. However, as long as it can hold and trade above the 110.92/66 support zone, a move higher is likely. On the downside, support comes in at the 111.00 level where a break if seen will aim at the […]
Chicago Fed: US Growth Stumbed In Feb But 3-Month Trend Improves
The US economy continued to expand through last month at a moderate pace, albeit at a rate that’s slightly below the historical trend, according to this morning’s update of the Chicago Fed National Activity Index. The business-cycle benchmark’s three-month average (CFNAI-MA3) ticked up to -0.07 in February, close to The Capital Spectator’s projection. The main takeaway: recession risk remained […]
On The Fly: Pre-market Movers
HIGHER: Valspar (VAL), up 25.6% after Sherwin-Williams (SHW) will acquire the company for $113 per share in an all cash deal… Starwood Hotels (HOT), up 5.9% after Marriott (MAR) and Starwood signed an amended merger agreement… Marriott is up marginally… WL Ross (WLRH), up 3% after announcing that it will acquire Nexeo Solutions… Tesla (TSLA), […]
The Stock Whisper Of The Day: SPY, SAN EWA, FXI, EEM
Hot stocks of the day: SPY, SAN EWA, FXI, EEM Video length: 00:05:21
China Car Sales Suffer Biggest Crash On Record To Start 2016
The dream of transition to a ‘consuming’ economy just crashed into the wall of excess debt and leverage. 2016 has started with a 44% collapse in China passenger car sales. This is the biggest sequential crash and is 50% larger than any other plunge in history. While there is a seasonal effect here obviously, the sheer scale […]
EUR/USD Forex Signal – March 21, 2016
EUR/USD Signal Update Last Thursday’s signals produced a 20 pip winning short trade following the bearish inside bar breaking after the rejection of the resistance level at 1.1338. Today’s EUR/USD Signals Risk 0.75% Trades may only be entered before 5pm London time today. Long Trade 1 * Go long following a bullish price action reversal on […]
Eurekahedge: From Latin America To Middle Earth
The latest report from Eurekahedge tells us that hedge funds worldwide are down year-to-date through February, -1.27 percent. Dividing the industry by geographic mandates, Latin America is the only region to post YTD gains, +1.9% due to a rally in oil and commodities. Table 1, adapted from the report below, gives a more detailed breakdown by region […]
DAX 30: Volatility Continues To Decline
The DAX 39 is sluggish, but as long as price trades above the March 10 low of 9397 the overall trend remains bullish. The bullish trend implies price may continue to drift higher over the coming days ahead and may reach the January 13 high of 10,166, followed by the January 5 high of 10,395. […]
