S&P 500 Snapshot: Happy April Fools’ Day
April Fools’ Day was a interesting day for the US equity market. Asian markets had a bad day with Japan’s Nikkei plunging 3.55%. The Euro STOXX 50 index fell 1.72%. With an unusually heavy day of economic updates in the US, starting with the much-followed monthly employment report, our benchmark S&P 500 dropped at the […]
Gold Daily And Silver Weekly Charts – April Fools’ Day
The Non-Farm Payrolls Report this morning was a mixed bag, with enough different kinds of data to provide material for both the hawks and the doves. The dollar initially rose and stocks dumped, in sympathy with global stocks overnight action, especially the emerging markets. But at some point Wall Street decided it was all good, […]
Bi-Weekly Economic Review
Economic Reports Scorecard The economic reports since the last update present a dichotomy. While there has been an improvement in the surprises – more better than expected reports – the overall tone of the reports has been fairly negative. Part of the explanation for that is the plethora of regional Fed reports over the last […]
Gold Stocks Correcting Through Time Not Price
Gold Stocks enjoyed a fabulous, near vertical rebound into March yet were in extreme overbought territory. We and many others called for a correction. In recent weeks those other voices have worried excessively about the alleged bearish construction of the CoT. Although Gold and Silver have essentially consolidated with a little weakness, the gold stocks […]
Netflix, Inc. Stock Upgraded For Pricing, International Opportunities
Netflix (NFLX) stock moved higher on Friday after one firm upgraded it for the big opportunities that may be in the company’s future. There have been concerns about subscriber growth in the U.S., but the firm’s analysts say the opportunities outweigh this one metric. Netflix’s metrics show solid growth In a report dated April […]
Stocks Spike On “Good Jobs” As Crude Crashes
“Off the lows”… So this just happened… But it doesn’t really matter when all it takes is a phone call… Post-Payrolls, stocks faded until the US open, and then took off… Thanks to Dennis Gartman, The Dow surged 250 points off the lows… On the day, good jobs was bad news but good ISM was good […]
ISM, Too
Everything I wrote in my last post on China’s PMI’s could be rewritten and reworded for the ISM version of American industry. The index rebounded to above 50 in March for the first time since last August. As noted with the Chinese PMI’s, that doesn’t necessarily mean that growth has returned only that March wasn’t likely as […]
SP 500 And NDX Futures Daily Charts – Wall St: ‘The Fed Has Our Backs’
US equities initially sold off on this morning’s Jobs Report, but then reversed as Wall Street looked at the landscape and decided that come hell or high water for the real economies of the world, the Fed has our back. The major indices are now at their 2016 highs. And they are now at […]
3 Best-Ranked Large-Cap Value Mutual Funds To Consider
Large cap funds usually provide a safer option to risk-averse investors when compared to small cap and mid cap funds. These funds have exposure to large cap stocks, with long-term performance history and more stability than what mid cap or small caps offer. Companies with market capitalization of more than $10 billion are generally considered […]
