3 Things: Inflation, Stocks Vs. Bonds & Everyone’s A Genius
Another View On The Inflation Argument There is little evidence that current levels of inflation are stable. As I wrote in “Inflation: The Good & The Bad”, outside of just two areas, rent and health care, there remains a broader deflationary trend currently. Importantly, as I noted, there are two types of inflation: “Inflationary pressures can […]
Dollar Shaky On Trump Decisions
Though recovering now, the US Dollar continues to be shaky and earlier struck a 7-week trough as concerns grow over a perceived protectionist stance by the US President. Yesterday, President Trump gave the green light to begin construction on a wall to separate the southern border of the United States and Mexico in an effort […]
Oil And Petroleum Product Inventories Worse Than Last Year
We examine the EIA Data this past week, and it is interesting what a difference a year makes psychologically speaking as we have more inventories in storage across the board yet we are almost double the oil price versus this time last year in $53 a barrel versus $26 a barrel. There is a lot […]
Gold Slips As Stocks Surge
Gold prices ended Wednesday’s session down $8.85 as a renewed appetite for riskier assets pushed market players to lock in profits and roll their funds into equities. The Dow Jones Industrial Average closed above 20000 for the first time, the S&P 500 rose 0.8% and the Nasdaq Composite gained 0.99% while the dollar index fell […]
Johnson & Johnson Acquires European Biotech Giant Actelion For $30 Billion
Concluding weeks of speculation, overnight Johnson & Johnson (JNJ) announced it agreed to acquire Actelion Pharmaceuticals (ALIOF), Europe’s biggest biotech company, for $30 billion, or CHF280 per share, expanding the U.S. pharma giant’s portfolio of rare-disease treatments as its top-selling drug faces new competition. The deal, announced and agreed on Thursday by both companies, ends […]
How To Cut Infrastructure Costs In Half
Americans could save $1 trillion over 10 years by financing infrastructure through publicly-owned banks like the one that has long been operating in North Dakota. President-elect Donald Trump has promised to rebuild America’s airports, bridges, tunnels, roads and other infrastructure, something both Democrats and Republicans agree should be done. The country needs a full $3 trillion in […]
GBP: ‘Cheap’ Sterling Bounces On Position-Squaring: What’s Next? – ABN AMRO
The pound dropped on the Supreme Court decision but bounced back. It might be too expensive now. Here is their view, courtesy of eFXnews: After a volatile ride on Tuesday, sterling posted a remarkable recovery on Wednesday. GBP/USD rallied through 1.26 while EUR/GBP dropped below 0.8550. With Prime Minister Theresa’s May speech (last week) and the Supreme Court […]
Interactive: What Futuristic Tech Could Be Inside Your Next Home?
The smart home of the near future will use sensors, apps, and unprecedented connectivity to make our lives safer and easier. But what will our homes look like in the more distant future, beyond the implementation of advanced home monitoring systems and other smart devices? THE FUTURE IS BIZARRE Today’s interactive infographic comes to us from RS Components, […]
7 Notable Stocks Going Ex-Dividend Next Week
Below are some of the top dividend stocks going ex-dividend during the week of January 31 – February 3. Written by Timothy J. McIntosh 1. Pfizer Inc. (NYSE: PFE) will go ex-dividend on Wednesday, February 1. The pharmaceutical company currently offers a dividend yield of approximately 4%, which is well above the industry average of […]
These Are The Best And Worst Performing Currencies Since Trump Took Office
Needless to say, I’ve spent a fair amount of time talking about currencies this year. As noted, I’m thoroughly convinced that geopolitical turmoil will play havoc across FX markets in 2017. Just look, for instance, at the British pound, which Deutsche Bank believes may become “irrelevant” going forward thanks to the impact of Brexit. And then […]
