U.S. Oil Rigs Resume Slide, Drop By 15 In Past Week To New Record Low
After posting the smallest possible rebound in the past week, moments ago Baker Hughes reported that in the holiday shortened week (in which there was some extrapolation) the decline in U.S. oil rigs has resumed, and as of this moment there were only 372 oil rigs operating in the U.S., down 15 weekly and the […]
End Of Quarter Should Bring Answers For Copper & Crude
The end of the 1st quarter is shaping up to be pretty interesting for commodities. Oil & Copper are stalling at levels that have proven sticky in the past. Crude, for instance, has failed every time is has gotten to the 200-day moving average over the past year and on Tuesday turned down about a quarter away […]
Betting Against The Fed Pays Off In Gold
Gold gets hit. Fed to ruin the rally? Peter Schiff on CNBC. Video Length: 00:06:25
Is Apple Stock “So Done”? Gamco’s Ward Sees More Growth Ahead
Apple (AAPL) stock hasn’t done anything over the last 12 months, according to Gamco’s Howard Ward, but he thinks 2016 will be a much better year. He’s expecting financial engineering to give the stock a boost over the next few months, followed by more growth thanks to the iPhone 7. Ward: Apple stock is a “low […]
3 Best-Ranked All-Cap Growth Mutual Funds To Boost Returns
Growth mutual funds provide excellent choices for investors seeking long-term capital appreciation over dividend payout. These funds focus on realizing an appreciable amount of capital growth by investing in stocks of firms whose value is projected to rise over the long term. However, a relatively higher tolerance to risk and the willingness to park funds […]
New Jobless Claims: 55 Weeks Below 300K, Longest Streak Since 1973
Written by Jill Mislinski Here is the opening statement from the Department of Labor: In the week ending March 19, the advance figure for seasonally adjusted initial claims was 265,000, an increase of 6,000 from the previous week’s revised level. The previous week’s level was revised down by 6,000 from 265,000 to 259,000. The 4-week moving […]
Reversal Indicator: Starting To Turn
When you’ve had the rally that the market has had the past five weeks, you start to become guarded when it comes to risking too much of your capital on gains that will be difficult and hard fought going forward. But then day-after day, the bulls keep rallying the market off of the lows of […]
Economic Growth Remains Sluggish… Markets Remain Uninspired
This morning’s Durables Goods report underscored just how moribund economic growth in the US remains. Additionally we learn that US business investment remains lackluster at best. While Central Banks are spiking the punch bowl, it appears the party goers are not imbibing. Look at the yield curve as reflected by the spread between the Ten […]
UBS Says Sell Wells Fargo, Contends Risks Aren’t Reflected In Stock Price
UBS initiated coverage of Wells Fargo (WFC) with a Sell rating today, warning that the bank is facing significant risks that aren’t reflected in its valuation. WHAT’S NEW: Weak risk appetite among retail investors, along with lackluster macro trends, creates risks for Wells Fargo’s Wealth and Investment Management unit, according to UBS analyst Brennan Hawken. […]
EC Earnings Growth Based On Debt And Buybacks? Totally Unsustainable
My grandfather was never rich. He did have some money in the 1920s, but he lost most of it at the tail end of the decade. Some of it disappeared in the stock market crash in October of 1929. The rest of his deposits fell victim to the collapse of New York’s Bank of the […]
