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Tesla Model S ‘Falls Short’ Of Any IISH Awards After Safety Tests, IIHS Says
The Lincoln Continental (F), the Mercedes-Benz E-Class (DDAIF) and the Toyota Avalon (TM) come out at the top of a group of six large cars recently evaluated by the Insurance Institute for Highway Safety. The three cars qualify for TOP SAFETY PICK+, the Institute’s highest award. The Tesla Model S (TSLA), the Chevrolet Impala (GM) and the Ford Taurus fall short of any award because they each earn only an acceptable rating in the small overlap front test. The Tesla Model S initially had earned an acceptable rating in the small overlap test, which represents the type of crash that occurs when the front driver-side corner of a vehicle hits... -
Finance 0
EUR/USD: Expecting A 45-Degree Rebound After The Slide
Previous: Trading on the euro/dollar pair closed slightly up on Wednesday. The rate fell to 1.1312 during the European session on comments from ECB board member Benoît Cœuré. Another contributing factor to the euro’s slide was the collapse in oil prices. This, in turn, weighed down on commodity currencies. The market got shaken up a bit as the FOMC minutes were published for their June meeting, but the dollar failed to hold on to its gains. By the end of the day, the rate had recovered to 1.1354. Day’s news (GMT+3): 09:00 Germany: factory orders (May); 10:15 Switzerland: CPI (Jun); 14:30 Eurozone: ECB monetary policy meeting accounts; ... -
Finance 0
7 Myths Of Investing
Over the years, I have regularly addressed the psychological and emotional pitfalls which ultimately lead individual investors to poor outcomes. The internet is regularly littered with a stream of articles promoting the ideas of “dollar cost averaging,” “buy and hold” investing, and “passive indexing” as the solution to achieving your financial dreams. However, as I addressed in the “Illusion Of Declining Debt To Income,” if this was truly the case, then why is the majority of Americans so financially poor? But here are some stats from a recent Motley Fool survey: “Imagine how the 50th percentile of those ages 35 ... -
Finance 0
Global Bond Rout Sends S&P Futures, European Stocks Sliding
S&P futures are sliding this morning, down 0.4% and tracking the accelerating decline in European and Asian stocks, driven by a move higher in global interest rates, which started with Japanese 10Y yields rising to 0.1% for the first time since February, but mostly Bund yields which spiked after tripping stops, and jumped as high as 0.53% for the first time since early 2016. Oil climbs, dollar and gold slide. Economic data include initial jobless claims, trade balance, Markit PMI readings. Fed representatives are due to speak. The main story of the otherwise quiet session has been the sharp move higher in bond yields, and particularly... -
Finance 0
Bullet Report: Top 5 Things Happening In The Market Today
his morning we see the impact of yesterday’s FOMC (Federal Open Market Committee) Minutes and the anticipation for tomorrow’s Nonfarm Payroll (NFP) report. 1 – USD Steadies Following FOMC Minutes The US dollar steadied after the Federal Reserve’s policy meeting minutes, released yesterday, took the wind out of its advance, with the market awaiting comments by central bankers and US data for its next moves. 2 – Heads Up for US Employment Report Later in the day, US data will be released including the ADP employment report, ISM non-manufacturing PMI and the initial jobless claims. Tomorrow, Friday we will see the release of ... -
Finance 0
USD/CAD Forecast And BOC Meeting Next Week
Bank of Canada will have a meeting on July 12 to decide the interest rate. USD/CAD has declined due to recent comments made by top Bank of Canada officials which seem to suggest that interest rates could be raised soon. The market in fact is pricing in an 82 percent chance of a rate hike next week. In a CNBC interview last week, Bank of Canada Governor Stephen Poloz said that the two interest rate cuts by Bank of Canada in 2015 have done their jobs in shielding Canadian economy from the steep fall in the price of oil. He also added that the central bank needs to consider its options as excess capacity in the economy is used up. Mr. Poloz r... -
Finance 0
How To Generate A 10% Return In 45 Days
In our Monthly Income Report, we look for opportunities to utilize option selling to generate income. While we focus on selling cash-secured puts and covered calls on high quality stocks, we sometimes identify high return trades. We like to have 2 or more stock or company events leading to positive confirmation that the stock will continue its trend. This month we have identified a stock with a bullish technical indicator that has potential to generate a 10% return in only 45 days. Stock: Alkermes plc (ALKS) is a biopharmaceutical company. The Company is engaged in the researching, developing and commercializing pharmaceutical products tha... -
Finance 0
S&P 500 And Nasdaq 100 Forecast – Thursday, July 6
S&P 500 The S&P 500 was very volatile on Wednesday as the Federal Reserve released the Meeting Minutes, which essentially set everything that the market new. However, when I do pay attention to more than anything else is that the 2425 level underneath seems to be supportive, and that we are going to go looking towards the 2450 handle above. That was massive resistance, so if we can break above there it would springboard this market looking to the 2500 level next. The 24-level underneath that is massively supportive, but I believe that the buyers will continue to run this market to the upside, and I have no interest in shorting because... -
Finance 0
Stocks And Bonds Mostly Heavier, While Dollar Hovers Little Changed
The US dollar is narrowly mixed against the major currencies after being confined to tight ranges through the Asian, and European morning session. Equities are nursing small losses, and interest rates are pushing higher. The yield on the 10-year German Bund reached 50 bp for the first time since early 2016. Oil prices have steadied after yesterday’s slide. The FOMC minutes from last month’s meeting failed to shed fresh light onto the timing of the beginning of gradually reducing its balance sheet. However, it seems as if an agreement on it could be achieved before the next move on the Fed funds target. That said, the minutes w... -
Finance 0
NFP Preview: Jobs Distraction Could Be An Opportunity To Trade The Wage Data
The first Friday of the month is upon us with the Non-Farm Payrolls report. Once again, the key data point is wages. The Fed focuses on core inflation and a rise in this measure is basically impossible without Americans getting a raise. We could see that again in the July 7th publication. Here is a preview: Watch late wages reaction In many of the previous releases, we have seen how markets initially reacted to the headline jobs number but then turned their attention to the wage data. The latter had the upper hand. In some cases, strong job gains of over 200K sent the dollar higher, only to fall sharply afterwards as wage data disappointed. ...
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