China Imports Spike As Lunar New Year Skew Creates Biggest Trade Deficit In 3 Years
When the headline prints hit tonight on China’s trade data, offshore Yuan dipped and ripped… As China faced its first trade deficit in 3 years (-$60bn vs +172.5bn exp)… Obviously there is some major seaonality… With imports exploding 44.7% YoY (and exports missing expectations dramatically +4.2% vs +14.6% exp). But it appears the economists forgot about this year’s […]
Trumpcare
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 29 = 20,924 SPX – 6 = 2368 NAS – 15 = 5833 RUT – 9 = 1374 10 Y + .02 = 2.51% OIL – .16 = 53.04 GOLD – 9.70 = 1216.40 Healthcare stocks were in focus yesterday after the GOP unveiled […]
Above The 40 – A Growing Undertow For The Stock Market
AT40 = 48.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 63.5% of stocks are trading above their respective 200DMAsVIX = 11.5 (volatility index)Short-term Trading Call: neutral Commentary Market weakness continued to grow yesterday even as the major indices barely notched losses on the day. AT40 (T2108), the percentage of stocks trading above their […]
Oil Drops On OPEC Uncertainty Whether To Extend Cuts
The price of Crude Oil looks to be aligning with the backwardation that recently came to pass where the front month futures contract was trading at a premium to futures contracts a few years out. A driver for the support of the Oil price has been a hope that OPEC would extend supply cuts beyond summer. However, on Tuesday, Suhail […]
E Bingo Nation: Unique Casino Gaming Opportunity
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. The Indian gaming industry has seen tremendous growth opportunities over the last decade, but very few options were available to public investors. One new such opportunity is Bingo Nation (BLTO). While basically in […]
Biotech Rally Clipped By Trump Tweet; ACA Makeover Creates Uncertainty
Trump Tweet Clips Biotech Rally-Drug Pricing Rhetoric Clouds Prospects Again “Trumpcare” Introduction Creates Uncertainty for Healthcare Stocks Just as investors were becoming more enthusiastic with biotechnology investing, a barrage of tweets and news stories regarding the ACA overhaul by Republicans cooled the market. We have been through this before and despite many analysts saying that drug pricing […]
Big EUR/USD Events Ahead – Live Market Open From 8:00 GMT
Monetary policy is giving a fight against the growing influence of politics and now we face two key events for EUR/USD. Apart from previewing these events, we will bring you up to speed with recent movements, technical levels and also dive into the diving pound. Join me for a live market open, hosted by FXStreet: […]
OECD Cautions That “The Financial Market Response To Any Increase In Rates May Not Be Smooth”
The Organization for Economic Co-operation and Development, in its latest economic outlook released Tuesday, is warning that “the positive assessment reflected in market valuations appears disconnected from real economy prospects,” going on to caution: “the financial market response to the increase in rates … may not be smooth.” BNN.ca According to OECD estimates, Canada’s economy is projected […]
Vector Group: How Safe Is The Sky-High Dividend Yield?
Tobacco stocks such as Altria (MO) and Philip Morris International (PM) have long been favorites for dividend investors seeking generous, secure, and steadily growing yields. However, with massive consolidation in the tobacco industry, courtesy of the secular decline in world smoking rates, the number of quality tobacco blue chips continues to decline. Vector Group (VGR) is now the highest-yielding […]
Fed Hike In March May Not Be Bad News For Gold
After a challenging Q4 in 2016 in a context of rising bond yields and a stronger US dollar, gold seems to be getting its shine back in Q1. The technical picture is beginning to look a little more constructive and the “reflation trade”, spurred on further by expectations of higher infrastructure spending and tax cuts in […]
