How The S&P 500’s P/E Ratios Can Levitate
Economics writer Robert Samuelson is worried. Specifically, he’s worried about why stock prices have risen so much in response to Donald Trump’s election as U.S. President on 8 November 2016. In worrying, he not only conveys the conventional wisdom that seeks to explain the “Trump Rally” as some sort of outpouring of animal spirits linked to the promised policy […]
About Caterpillar’s “Tremendous Earnings Growth”, There Is Just One Thing…
With CAT and MCD accounting for over 100 of the 250+ Dow points yesterday, one would think that, as CNBC has repeatedly stated yesterday, these two companies are posting “tremendous earnings growth.” And, in a way they are… a non-GAAP way. Because while CAT reported adjusted EPS of $1.28, up exactly 100% from a year […]
Australian CPI Only OK – AUD/USD Slides
Australia releases its inflation figures only once per quarter, making every publication a big market-mover. Volatility did not disappoint this time either. The headline q/q figures came out at with a minor miss of 0.5% instead of 0.5% expected. Year over year, the miss was similar: 2.1% against 2.2% projected. AUD/USD still responded with a downfall, dipping towards […]
Maybe A Bit More Complex Still?
One of the defining characteristics of the 2011 crisis was dollar swaps. Almost all attention was paid to PIIGS and focus on the European banks holding their debt, as well as the very real possibility that all would break up the euro. Behind all that was the same dollar troubles as in 2008, and for […]
Aussie Dips After Economic Data Released
The Australian dollar was down 0.27 percent by midday on Wednesday trading at 0.7518 after economic data was released earlier in the trading session. Australian consumer price inflation scarcely topped 2 percent in Q1 for the first time since 2017, creating indicators that the danger of deflation may be passing. The Reserve Bank of Australia’s […]
USDCAD Elliott Wave View: More Upside
Short term Elliott Wave view in USDCAD suggests the decline to 1.322 ended Intermediate wave (X). Revised view suggests that the rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at 1.3406. Minute wave ((w)) is subdivided as a Flat Elliott wave structure where Minute wave (a) […]
E GBPUSD Taking-Off
Cable is making a strong rise away from 1.2364, clearly in an impulsive fashion which can see an extension up to 1.3140 area for wave C. That said, recent slow price activity was sub-wave 4), which may have already found a base and current intra-day rally may be the start of sub-wave 5) of three. […]
Stocks Going Ex Dividend The First Week Of May
Here is our latest update on the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only […]
EUR: Dip Buying Is The Way To Go – Two Opinions
The euro is on a roll following the French elections and hopes for a more upbeat ECB tomorrow. What does this mean? Here are two banks suggesting buying dips in EUR/USD and EUR/JPY: Here is their view, courtesy of eFXnews: EUR: Investors Shifting To A Buy-The-Dip Strategy: Levels & Targets – ING ING FX Strategy Research […]
Why CSI Compressco LP’s 50% Distribution Cut Didn’t Have To Be A Surprise
CSI Compressco LP (CCLP) surprised many income investors last week when it announced a 50% cut to its distribution, sending its stock price tumbling by nearly 20%. The company has been in business for more than 45 years and paid steady dividends until 2016, adding to the surprise and disappointment. However, CSI Compressco was sending off a number […]
