EC HH No Boom Without A Bust
By Steve Blumenthal Last week’s mention of the great Art Cashin sent a number of emails my way. The one that touched me most was from Richard who worked for Paine Webber from 1974 to 1987. Back then every broker had a small speaker on his or her desk. We in the industry know it […]
Trading Support & Resistance
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results: * Trading the two currencies that are trending the most strongly […]
The 3 Strongest Stocks In The Solar Sector
Companies in the solar industry have been causing a commotion over the past two weeks. Last Thursday, shares of SunEdison (SUNE – Analyst Report) dropped 12% in morning trading after banks that loaned the solar company nearly $2 billion for an acquisition of Vivint Solar (VSLR – Snapshot Report) had second thoughts on the loan. (Also read, “Why Is SunEdison (SUNE – Analyst Report) Stock […]
Hoarding, Collateral And The Certain Indication Of Balance Sheet Restrictions
There is an ongoing mess in repo markets and not a lot of straightforward commentary about it. As usual, whenever any repo tenor trades highly special we hear only about the persistence and plethora of shorts betting on rate normalization. Since rates, overall, have done only the opposite going back to June 2014 and the […]
US Equity And Economic Review: We’re Moving Gradually Lower
There was little meaningful economic news for the US this week. So, in this column, I’ll take a look at the long-term chart of various averages along with other measures of market breadth. The charts will show that the market continues to weaken, meaning, at best, we’ll see consolidation around current price levels. Let’s start […]
Stocks Run Win Streak To Fourth Week As Oil Recovery Continues
Stocks ended the week higher for a fourth week in a row, as did the price of oil, after the ECB came through with easing plans that were met with a positive reaction after a one-day delay. MACRO NEWS: In the U.S., initial jobless claims fell to 259,000 in the week ended March 5, versus […]
Ford’s Europe Sales Volume Outpaces Industry In February
Ford Motor Co. (F – Analyst Report) recorded an 18% year-over-year rise in sales to 91,700 vehicles in its 20 traditional European markets (Euro 20) in Feb 2016. With this, the automaker’s monthly sales surpassed the industry sales growth of 14%. This is the best February sales for Ford since 2010. Considering all the 50 European markets, Ford’s […]
Dividend Paying Stocks Held Up Better In The Market Downturn
An attractive aspect of owning dividend paying stocks, specifically, dividend growth equities, is the fact they tend to hold up better in down market environments. The favorable result from this characteristic is it takes a smaller upside return to make up the losses incurred in a market decline. As far back as 2010 I wrote […]
US Bond Market Week In Review: The Fed Should Let Wages Rise A Bit More Before Hiking Rates
Last week, I argued that due to weaker economic data since January 1, the Fed should hold off on raising rates. However, over the last few weeks, several very credible commentators argued that higher inflation readings would put a rate hike into play. While inflation measures are increasing, rising wages are the primary reason for […]
