Morning Call For November 25, 2014
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 +0.08%) this morning are up +0.08% and European stocks are up +0.79% at a 2-month high. European bank stocks gained and government bond yields dropped to record lows on the prospects for further easing by the ECB after the OECD said the ECB should expand its monetary […]
Why This 23% Rally In 20 Days May Not Be Over With
Click on picture to enlarge I often get ask….”What does an ideal Power of the Pattern set up look like?” For us and ideal set up has these common features – Support/channel lines come into play, along with a Fibonacci support/resistance level and a bullish or bearish wedge pattern is near completion. When it comes […]
Ebay Halts Popular Same-Day Delivery
High operational costs are making eBay Inc. (NASDAQ:EBAY) rethink how its same-day delivery system should operate going forward heading into the busy holiday shopping frenzy. The giant online retail store has already pulled down its eBay Now from App stores as it tries to plan its next course of action. The company’s spokesperson already confirmed […]
Q4:2014 US GDP Nowcast: +2.1%
US economic growth is on track to decelerate in this year’s fourth quarter, based on The Capital Spectator’s median point forecast for several econometric estimates. Today’s initial GDP estimate for the final three months of 2014 anticipates an increase of 2.1% (real seasonally adjusted rate) — a substantially lower rate vs. the 3.5% pace in […]
Antipodeans Sink, While USD Treads Water
The US dollar remains within recent ranges against the euro, yen and sterling. The antipodean currencies have been pushed lower, and that is where the movement is today. The main impetus is from a downgrade in the Reserve Bank of New Zealand’s inflation expectations, and momentum players selling the Aussie on the break of $0.8600. Players […]
Global Business Confidence Collapses To Post-Lehman Lows
As we noted here, despite record high stock prices and talking-heads imploring investors to believe CEOs are confident, they are not (consider the clear indication of a lack of economic confidence from tumbling capex and soaring buybacks), That is further confirmed today as Markit’s survey of over 6000 firms showed optimism falling sharply in October, dropping to the lowest seen since […]
Avoiding Too Much Risk Can Be Dangerous
Although it may seem that you can’t go wrong if you don’t take a risk, this is not always true. Sometimes, you can end up actually losing by being too safe. The concept of risk refers to the potential loss incurred by any move that you take. Therefore, if you never take a risk, in […]
EC Are Real Estate ETF Yields Still A Bargain?
This year’s winner in the alternative investment space is—wait for it—real estate. Among exchange traded funds (ETFs) that invest in real estate investment trusts (REITs), those employing leverage have zoomed to the upside; even non-leveraged funds, cranking out more pedestrian gains, have outgunned stocks and bonds. (See Table 1.) Click on picture to enlarge REITs […]
Australian Dollar Loses Steam From Surprise China Rate Cut
One thing about a trading range is that it gives both bulls and bears a lot of trading opportunities. The latest disturbance of equilibrium in the Australian dollar (NYSEARCA:FXA) was the surprise rate cut from China’s central bank. At the time, it helped the Australian dollar surge against all major currencies. At the time of […]
Why Crony Capitalism Will Be Hard To Uproot: Interview Of David Stockman
Interview Of David Stockman By Henry Bonner at Sprott Global Ronald Reagan and David Stockman David Stockman was elected to Congress at age 29 back in 1976; he was an avid student of Austrian economics and supported a gold-backed money system and a balanced budget. He later joined the Reagan administration as Budget Chief, where […]
