Kurt Osterberg

Browsing All Posts By Kurt Osterberg

Finance 0
Delta Air Lines, Inc. 2Q 2017 Earnings: Shares Fall After EPS Miss

Delta Air Lines (DAL) 2Q 2017 earnings report was released before the opening bell this morning. The company posted adjusted earnings of $1.64 per share on $10.8 billion in revenue, compared to the Wa...
On July 13, 2017 / By Kurt Osterberg
Finance 0
Fed’s Beige Book Warns Of Declining Auto Sales, Sees Rising Benefit Costs Limiting Wages

While the Fed’s traditionally drab Beige Book is routinely ignored by the market, especially on blockbuster days like when Janet Yellen turns dovish again and then speaks for nearly 4 hours in t...
On July 13, 2017 / By Kurt Osterberg
Finance 0
Chart Of The Day – Channel Breakout

When the price breaks out of the bull market channel, it’s time for the crazy nutty phase of the bubble to begin. During this phase, the price can rally 100% or more in a year or less as the pub...
On July 13, 2017 / By Kurt Osterberg
Finance 0
Euro/Dollar Has Returned To The 1.1380 Support

The US dollar’s day started with a drop. During trading in Asia, the US dollar index (DXY) fell to 95.46. During trading in Europe, it recovered all its losses, restoring to 95.88. On the back of a ...
On July 13, 2017 / By Kurt Osterberg
Finance 0
Dollar Drops And Stocks Surge As Yellen Echoes The ’Fed Put’

The first day of the Federal Reserve’s Humphrey-Hawkins testimony appears to have been well-received, at least by equity markets. During yesterday’s testimony, Chair Yellen reiterated that the ban...
On July 13, 2017 / By Kurt Osterberg
Finance 0
Intro Guide To The Fidelity Select Medical Equipment & Systems Fund (FSMEX)

Fidelity Select Medical Equipment & Systems (FSMEX – Free Report) a Zacks Rank #1 (Strong Buy) invests at least 80% of assets in common stocks of companies principally engaged in research,...
On July 13, 2017 / By Kurt Osterberg
Finance 0
July 2017 Initial Unemployment Claims Rolling Average Again Marginally Worsens

The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 242 K to 250 K (consensus 245,000), and the Department of Labor reported 247,000 new claims. The more im...
On July 13, 2017 / By Kurt Osterberg
Finance 0
An Anecdote On The German Housing Bubble

I don’t know if there is a German housing bubble or even whether there will be one. I do know that we hear a lot about it in the press – the result of zero, even negative, interest rates. So let m...
On July 13, 2017 / By Kurt Osterberg
Finance 0
Gold’s Shift

I was initially going to try to write something about equities (specifically, the ES), but Good Lord, what on earth is there to say except… endless abortions. What I mean by that is that every time ...
On July 13, 2017 / By Kurt Osterberg
Finance 0
Stocks Get Closer To June Record High, Will Uptrend Continue?

Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday ou...
On July 13, 2017 / By Kurt Osterberg