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FOMC Minutes: Fed To Announce Start Of Balance Sheet Runoff In Sep; Next Hike In Dec – CIBC
The meeting minutes from the June Fed decision, the “hawkish hike”, echoed some of the statement, but also provided hints of a plan. Here is their view, courtesy of eFXnews: CIBC Research comments on today’s FOMC minutes from the June meeting: “We changed our call for the next Fed hike by moving it to December (from September) and the June Fed minutes seem to confirm that the September meeting will instead be used to announce the start of the run-off of the central bank’s balance sheet. That’s evident in the level of detail provided on the run-off process, and that “several” expected to announce it within a “couple of months... -
Finance 0
Dow Industrials – New Highs
We are on watch for the next short-term up swing in the general market. It looks like the Dow Industrials are already pushing towards the highs again. The Leader List Some areas of the market continue to do very well. Today, the Transports and Defense ETFs hit new highs, and the Financials and Dow Industrials are very close to new highs. ... -
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Top Stock Picks From 5i Research CEO Peter Hodson
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. By SmallCapPower Peter Hodson reveals sectors he would avoid and offers up his top stock picks, one of which he considers a takeover candidate. 5i Research CEO and Head of Research Peter Hodson, in this interview with SmallCapPower, discusses the current investment environment for stocks, talks about sectors he would avoid, and provides his five top stock picks, including one he believes is an appealing takeover target.... -
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The Euphoriameter Hits A Post-Crisis High
The “Euphoriameter” has hit a new post-crisis high in June, indicating increasing levels of euphoria among investors. The indicator tracks 3 gauges of sentiment:1. Investor Surveys: the bullish sentiment readings from the AAII survey and the II survey; 2. Risk Pricing: the smoothed level of the VIX (i.e. the trend in complacency or fear); and 3. Valuation: the forward PE ratio, which reflects investor confidence in price vs future earnings. All 3 indicators are basically in agreement – which is rare. That is, investors are more bullish than usual, more complacent about risk than usual, and more confident in future corporat... -
Finance 0
Charles River Labs – Chart Of The Day
The Chart of the Day belongs to Charles River Laboratories (CRL). I found the medial services stock by using Barchart to sort a list of stock analysts predict with increase both Revenue and Earning by at least 10% annually or the next 3 to 5 years. Since the Trend Spotter signaled a buy in 5/23 the stock gained 11.61%. Charles River Laboratories is a leading provider of critical research tools and integrated support services that enable innovative and efficient drug discovery and development. Charles River is the global leader in providing the animal research models required in research and development for new drugs, devices, and therap... -
Finance 0
One Chart Tells You Everything You Need To Know About Buybacks
So everybody knows that buybacks are a big part of equity demand in the US, right? Well, if you don’t know that or otherwise don’t fully appreciate how important the corporate bid has been, look no further than the following table: As Mohamed El-Erian noted earlier this week, you can “forget economic and policy fundamentals,” because “liquidity injections” are all that matter these days. And one source of that liquidity is “record corporate profit levels, which translated into continued stock buybacks and higher dividend payments by companies.” Of course what’s super fun about this is that it’s a giant circle jerk. That i... -
Finance 0
WTI Bounces On Biggest Crude Draw Since 2016
Having broken its win-streak with the biggest drop in 4 weeks today following Russia comments, crude prices hovered around $45 as API reported a massive 5.8mm barrel crude draw (most since 2016) and 5.7mm gasoline draw (most in 4 months). API Crude -5.764mm (-2.5mm exp) Cushing -1.4mm Gasoline -5.7mm Distillates +375k After last week’s product draws (and small crude build), we suspect the effects of tropical depression Cindy may be impacting the data as the draws are very significantly away from expectations… Russia “pretty much threw cold water” on rumors of additional cuts, Bob Yawger, director of the futures div... -
Finance 0
Fed Minutes Show Reliance On Consumer Confidence, Sentiment, Soft Data: Tapering Schedule Set (It Won’t Be Met)
The Fed released the Minutes of June 13-14 FOMC meeting today. The minutes show an overreliance on regional report soft data and consumer confidence measures instead of hard data measures. The Fed also firmed up its Balance Sheet Normalization Plans. Staff Review of the Economic Situation Total industrial production rose considerably in April, reflecting gains in manufacturing, mining, and utilities output. Automakers’ assembly schedules suggested that motor vehicle production would slow in subsequent months, but broader indicators of manufacturing production, such as the new orders indexes from national and regional manufacturing surve... -
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Housing And Real Estate News
We discuss a couple of changes with regard to a borrower`s credit profile which should make it easier for borrowers to get a mortgage in this Housing and Real Estate News edition. The pool of available borrowers has been shrinking as interest rates rise along with home prices. The standards pre housing crisis of 2007 and after are just night and day, and that is a good thing given how low standards were during the No Documentation Era, but we are slowly easing back standards in many areas in a sort of creeping fashion. The latest changes suggest that this trend will continue until the next housing market crash. We seem to have a short mem... -
Finance 0
The Story Behind Ethereum’s Price Crash And 3 Indicators Why We Remain Bullish
The month of June has been eventful for the price of Ethereum to say the least. It is the month we have seen it reach new heights and Break the $400 mark, which happens to be the first price target from our Bullish Ethereum forecast in Investing Haven. During the month of June, we have also witnessed a sharp correction that took a lot of investors by surprise. In our article, Ethereum Correcting. Until Which Price Level Is It Bullish? We have covered in details Ethereum’s price action and the levels investors should be watching. In this article, we will cover the news part and what caused the flash crash we have witnessed this month to ...
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