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A Market Ready To Pull The Rug Out From Under You!
Yesterday we got the news that the fed has finally reached its 2% inflation goal! This is after 9 years of interest rates pinned on the floor, and about 4.5 trillion in cheap credit flooded into government and wall st. That is all it takes! Now the central bank can rest easy as the target has been met and all is well with the world. Right? Let me summarize where we stand in this current bubble. 1- 40% of the stocks traded on the NTSE are below their 200 day MA. 2- market uniformity has been broken, new 52 week lows outnumbered new 52 week highs, 3- credit spreads are worsening as junk bond yields have soared over the last week. 4- a possible... -
Finance 0
Commodities Weekly Wrap-Up – Friday, Nov. 17
Eric Sprott returns this week to discuss gold, silver and the prospects for the mining shares into year end. Audio Length: 00:10:54 ... -
Finance 0
Snap Tumbles As Competitors Become Too Big To Handle
Social messaging service Snap (NYSE: SNAP) continues to flounder. The company had listed on the NYSE in March this year amid much speculation. Snap listed when its business model was yet to prove successful – it was not only missing profits but was also failing to deliver growth in other metrics. Recently reported quarterly results are no better, and the stock continues its downward trajectory. Photo Credit: howtostartablogonline.net/socialmedia/Flickr.com Snap’s Financials For the third quarter of the year, Snap’s revenues grew 62% to $207.9 million, falling short of the analysts’ forecast of $236.9 million. The company ended with ... -
Finance 0
Oil Pauses Ahead Of Next OPEC Meeting
Oversupply in the oil market continues to dominate the longer term picture, and despite the recent rally in crude oil, statements from Saudi Arabia’s energy minister have reinforced this picture, with his comments that the market is likely to remain oversupplied until March 2018. This comes ahead of the next OPEC meeting scheduled for the end of November when it is expected caps on supply will be extended into the new year.Khalid al-Falih told the conference in Bonn that ” we need to recognize that by the end of March 2018 we’re not going to be at the level we want to be which is the five-year average, and that means an extension of som... -
Finance 0
The New US-Chinese Globalization Opportunity
While US postwar policies in Asia are shifting, a new Sino-US historical opportunity has emerged. US and Chinese visions of globalization could still prove complementary. President Trump’s grueling 12-day Asia tour took place amid a worrisome historical moment. Since the mid-2010s, global economic integration – as measured by trade, investment and migration – has come to a standstill. Trade has been falling. Investment continues to stagnate. And slower migration has given rise to elevated global displacement and refugee crises – the worst since 1945. After Japan, South Korea, China and Vietnam, Trump attended the Asia Paci... -
Finance 0
As Bitcoin Nears $8000, American Investors Plan To ‘HODL’ Until It Hits $196,000
Overnight we saw the price of Bitcoin surge to $7997 following Zimbabwe chaos and defaults in Venezuela, rebounding from ‘the world is ending’ $5555 last weekend. However, if American investors are to be believed, the cryptocurrency has a long way to go before they are selling… As CoinTelegraph reports, a new survey among Americans indicates that the average investor will not coimpletely exit Bitcoin until its price hits $196,000… As CoinTelegraph reports LendEdu commissioned a survey in November 2017 of 564 Americans who had invested in Bitcoin. While surveys have been done in the past to gauge the awareness of... -
Finance 0
‘Tis The Season To Be Bullish
We are just a week away from Thanksgiving and then the holiday season really kicks into high gear. While many headlines warn of overvaluation and Grinch predictions of market pullbacks, we remain bullish. Since last summer, we have been beating the drum on strong global earnings driving stock markets higher and higher. Nothing has stopped the above trend profit growth and now we are in the strong seasonal part of the year. November and December are typically the best months of the year For the last 30 years, November and December have been two of the best months to be invested in the stock market. December is the best month with seldom a... -
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Wells Fargo Announces Dismissal Of Head Of Consumer Lending Franklin Codel
Wells Fargo & Company announced that Franklin Codel, a senior executive vice president and head of its Consumer Lending organization, has been dismissed from the company, effective immediately. The company said the dismissal was the result of Codel’s acting in a manner that was contrary to the company’s policies and expectations of its senior leaders during a communication he had with a former team member regarding that team member’s earlier termination. The company said the reasons for the dismissal did not involve the business or operations of Consumer Lending, the servicing of its customers, or its performance or fin... -
Finance 0
Gap (GPS) Stock Up On Q3 Earnings & Sales Beat, Raises View
Shares of Gap Inc. GPS were up 7.7% Thursday in after-hours trading as the company raised its fiscal 2017 outlook following the better-than-expected third-quarter results. This was the company’s third straight quarter of positive earnings surprise while it recorded sixth consecutive sales beat. Also, comparable store sales (comps) reflected strength for the fourth quarter owing to continued momentum at key areas of the company’s business. However, foreign currency adversely impacted this Zacks Rank #4 (Sell) company’s bottom line, which declined on a year-over-year basis. Nonetheless, the stock gained 21.3% in the last three months, ... -
Finance 0
Morning Call For Friday, Nov. 17
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.06%) this morning are down 0.06% on concern Special Counsel Mueller’s criminal investigation between Trump campaign officials and Russia is deepening. Two people familiar with the matter said officials with Trumps’ election campaign were served subpoenas in mid-October for documents related to any contacts they had with Russian operatives. Losses were limited on optimism that U.S. legislators are closer to passing tax cuts after Republican Senator Johnson, who had opposed the Senate’s tax plan, said he is optimistic his concerns can be addressed. European stocks are u...
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