Browsing All Posts By Kurt Osterberg
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Finance 0
L Brands Drops Following Weak June Comps, Total Sales
Shares of L Brands (LB) dropped in premarket trading after its total sales and comparable sales declined in June from the year-ago period. Following the report, an analyst at Jefferies recommended sel... -
Finance 0
Tensions To Rise Further After Qatar Rejects Ultimatum
In the past two weeks, tensions were rising significantly between Qatar and some Arab countries, mostly GCC countries. The Arab countries including Saudi Arabia, UAE, Bahrain, and Egypt issued an u... -
Finance 0
Fake Oil News?
Oil prices sold off almost 5% on what many people attributed to a story that some unnamed Russian oil company source said that Russia was against a production cut. Today those sources are still unknow... -
Finance 0
More Uncertainty As S&P 500 Remains Close To Record High
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... -
Finance 0
First Look At June: ADP Says 158K New Nonfarm Private Jobs
The economic mover and shaker this week is Friday’s employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, the most publicized being... -
Finance 0
ADP Employment Disappoints – No Manufacturing Jobs Gained In June
After jumping heroically in May, ADP reported a disappointing 158k employment gain in June (188k exp.) and revised May’s exuberance notably lower (253k to 230k). While ‘soft’ surve... -
Finance 0
Preparing For A Metals Trade
This is just a warning. If gold breaks below the May low in the next day or two I will exit the DUST position just in case gold is about to complete its DCL. Remember a break below support is the leas... -
Finance 0
Precious Metals Are “Best Defense” Against Bail-ins In Economic Crisis
Precious metals are “real assets” and “best defense” against bail-ins and cashless society in the economic crisis which is “on its way” The risks posed to investors and savers from the com... -
Finance 0
EUR/USD Jumps On ECB Meeting Minutes
Has EUR/USD ended its correction to the downside? A lot depends on the Non-Farm Payrolls, but the euro has its own reasons to rise. The ECB released its meeting minutes and it shows they discussed rem... -
Finance 0
Sensex Finishes Firm; Bank Stocks Rally
Indian share markets trimmed some of their early gains in the afternoon session but still finished the trading session on a firm note. At the closing bell, the BSE Sensex stood higher by 124 poin...
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