YTD Corporate Default Jump To Highest Since 2009
While many were looking forward to the weekend in last week’s holiday-shortened week for some overdue downtime, the CEOs of five, mostly energy, companies had nothing but bad news for their employees and shareholders: they had no choice but to throw in the towel and file for bankruptcy. And, as Bloomberg reports, with last week’s […]
GDPNow Forecast Plunges To +0.6%; Tracking Lockhart’s Momentum With Pictures
In the wake of a dismal personal income and outlays report today, the Atlanta Fed GDPNow Model forecast plunged to +0.6%. Recall that on March 21, Atlanta Fed president Dennis Lockhart cited “sufficient momentum evidenced by the economic data to justify a further step at one of the coming meetings, possibly as early as the meeting scheduled […]
Binary Options Trading Opportunities For March 29, 2016
During the day on Tuesday, we could get quite a bit of volatility in the US stock markets due to the Consumer Confidence numbers, but beyond that there isn’t much in the way of market moving information that we see at this moment. USD/CHF The USD/CHF pair initially tried to rally during the course of […]
E ADRs Best & Worst Report – March 28, 2016
The best sectors across ADRs are utilities, services, and technology. The top countries are Canada, Taiwan, and So. Africa. The average ADR score is 48.33 and that’s above the four week and eight week average score of 49.73 and 45.83, respectively. The average ADR in our universe is trading -28.45% below its 52 week high, […]
Bear Of The Day: Compass Minerals
Just like the weather changes with the seasons, so can your profits. Certain businesses are obviously more cyclical than others. While some cycles are based on economics others are based on weather. Today’s Bear of the Day is a company that should have had a wonderful winter season but instead struggled. Low snow fall meant low profits […]
Bullish Setups For The Market’s Move Higher
The market pulled back nicely last week… it pulled back orderly, and after seeing the three day pullback there is little concern at this point for the bulls. Sure the selling could pick up, but as it stands right now, this market looks like a light volume pullback that the bulls are going to buy […]
The Struggle For Brazil – And Against The Brics
While international media focuses on Brazil’s mass demonstrations against corruption, efforts behind the façade precipitate regime change, restoration of a pre-Lula order, and a struggle against the BRICS nations. The U.S. feels threatened by an era of multipolarity, which deeply implicates China, and other emerging economies. In August 2016, Rio de Janeiro should host South […]
Consumer Spending Outlook Buckles With “Surprisingly Weak” Income Report
Those trumping up the notion consumer spending would pick up in the first quarter were in for a surprise today. The BEA report on Personal Income and Outlays was anything but strong. Bloomberg Econoday found today’s report “surprising”. The Econoday economist’s consensus reading for February was 0.1%, with the actual report coming in better at 0.2%. The surprise was […]
Time Warner Scores 2016’s First Blockbuster Film
Following the three-day weekend in observance of the Easter holiday, futures ahead of Monday’s open are up across the board — Dow, Nasdaq, S&P 500, even oil prices (both WTI and Brent) were up ahead of the morning bell. The Nikkei was up overnight, although the Shanghai slipped in its first trading session of the […]
Bull Of The Day: Mistras Group
It’s been a volatile year already in the stock market. We’ve seen a move straight down from January 1st to the 20th, a whipsaw higher and retest of the lows in mid-February, followed by a rip your face off rally to 2,056. With all the back and forth action, it’s been hard to key in on […]
