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  • Finance 0

    Sensex Opens Flat; Energy & Pharma Stocks Rally

    Asian stock markets are lower today as Chinese and Hong Kong shares fall. The Shanghai composite is off 0.47% while the Hang Seng is down 0.19%. The Nikkei 225 is trading up by 0.43%. US equities finished mostly higher on Monday as bank stocks climbed. Meanwhile, Indian share markets have opened the day on a flat note. BSE Sensex is trading higher by 49 points and NSE Nifty is trading higher by 24 points. Meanwhile, S&P BSE Mid Cap and S&P BSE Small Cap are trading up by 0.3% and 0.5% respectively. Gains are largely seen in energy stocks, metal stocks and realty stocks. The rupee is trading at 64.75 against the US$...
    On July 4, 2017 / By
  • Finance 0

    Top Emerging Market ETFs Of First Half 2017

    Emerging market (EM) ETFs have had a great run this year (as of June 29, 2017) with iShares MSCI Emerging Markets (EEM – Free Report) returning over 18%. The segment is doing well on improving global economic fundamentals and accommodative developed market central banks that are still keeping interest rates low and driving investors toward the relatively high-yielding EM bloc. Some of other reasons for this outperformance were a subdued greenback, commodity market strength and policy easing in several EM economies that facilitated growth. In fact, though EMs used to underperform in a rising rate environment in the U.S., the bloc has...
    On July 4, 2017 / By
  • Finance 0

    World Markets Update – Monday, July 3

    All eight indexes on our world watch list have posted gains for 2017 through July 3. The top performer thus far is India’s BSE SENSEX with a gain of 17.26%, followed by China’s Hang Seng not far behind at 17.20%. In third is our own S&P 500 with 8.49%. The Last Four Weeks The tables below provide a concise overview of performance comparisons over the last four weeks for these eight major indexes. We’ve also included the average for each week so that we can evaluate the performance of a specific index relative to the overall mean and better understand weekly volatility. The colors for each index name help us visualize the...
    On July 3, 2017 / By
  • Finance 0

    Nasdaq Triggers Market-Wide Circuit-Breaker As AMZN “Crashes” 87% After-Hours

    Nasdaq has issued a market-wide trading halt amid what appears to be a “glitch” that sent a number of the largest Nasdaq-listed stocks to crash or spike to exactly $123.47 per share. This move crashed the value of companies including Amazon (AMZN) and Apple (AAPL), sparked chaos in Microsoft (MSFT), while sending Zynga (ZNGA) rocketing up more than 3000%. On the eve of the US Independence Day holiday and in after-hours trading, The FT reports that market data show that companies such as Apple, Amazon, Microsoft, eBay and Zynga were repriced at $123.47. The Bloomberg data terminal listed either “market wide circuit breaker...
    On July 3, 2017 / By
  • Finance 0

    Warning Signs Your Dividend Is About To Be Cut

    Last weekend, I was talking to a buddy who started a new business. I asked him how it was going. “Sales are going great. But I have a cash flow problem. I have to turn away orders,” he said, shaking his head. He explained that he can’t fulfill orders until he gets paid on older ones that have 30-day terms. And if his customers are late paying the bills, he’s really stuck. Let’s say my friend has $1,000 in cash in the bank. On July 1, he gets an order that will cost him $1,000 to fill. He spends the $1,000, charges his customer $2,000 and is paid on August 1. Also on August 1, he gets an order for another $1,000 worth of product ($2,...
    On July 3, 2017 / By
  • Finance 0

    Dollar Recovers After Poor Showing

    After news that the greenback suffered its worst quarterly performance in more than seven years, the US Dollar managed to recover lost ground. But that recovery was only with the assistance of a rise in yields on US Treasury instruments to a 7-week high. Indications that the European Central Bank was on the verge of pulling back its massive liquidity injection had helped push the EUR/USD to its highest level in more than year. As reported at 10:52 am (BST) in London, the EUR/USD was trading at $1.1375, down 0.45%; the pair earlier hit a session trough of $1.13728 while the peak was at $1.14297. The USD/JPY was trading at 112.882 yen, a gain o...
    On July 3, 2017 / By
  • Finance 0

    Facebook Fights Gag Order On Grounds Of Free Speech

    Government law agencies place gag orders on technology companies in general and social media companies in particular. Facebook is fighting a gag order right now over search warrants on Facebook users. Reuters reports Facebook fights U.S. Gag Order that it says Chills Free Speech. Facebook Inc is challenging a gag order from a U.S. court that is preventing the company from talking about three government search warrants that it said pose a threat to freedom of speech, according to court documents. Facebook said it wants to notify three users about the search warrants seeking their communications and information and also give those users an op...
    On July 3, 2017 / By
  • Finance 0

    This Hasn’t Happened Since 2002

    Well, the Nasdaq closed red in Monday’s holiday-shortened session, trailing the S&P which was green and also the Dow, which hit a record, much to the delight of Donald Trump… grabbin’ the Dow by the pussy! — Walter White (@heisenbergrpt) July 3, 2017 The divergent fortunes of the Nasdaq and the S&P/Dow marks a reversal of the YTD trend, which has seen tech stocks outperform notably. The weakness we saw in the Nasdaq 100 during June has some observers worried given that a handful of techy names have been responsible for a disproportionate share of benchmark gains. In a Friday post documenting tech’s recent trials and t...
    On July 3, 2017 / By
  • Finance 0

    Market Talk – Monday, June 3

    Some refreshingly strong data released in both Japan and China has helped market move on a note. We saw the BOJ’s TANKAN (business confidence data) show an improvement from previous quarterly number at +17 (prior was +15). This has helped push the Nikkei a little better but sees the JPY trade weaker now with a 113 handle. In China PMI also better than expected helping the renewed confidence provided recently by the addition to the Emerging Markets Index. Additionally, a system (Bond Connect) is being trialled soon that will allow Hong Kong investors to participate in mainland FI markets. There is a concern being talked between dealers that ...
    On July 3, 2017 / By
  • Finance 0

    The Bear Market Is One Step Closer

    DOW JONES INDUSTRIALS 30 min 4 Hours Daily My Bias: market topping process ongoingWave Structure: Impulsive 5 wave structure, possibly topping in an all time high.Long-term wave count: Topping in wave (5)Important risk events: USD: N/A. Today’s pump and dump in stocks has once again invalidated the short-term bearish count shown on Friday. I have altered the wave count to account for this new all time high. The market has triggered the alternate wave count which views the recent selloff as a correction in wave (iv) grey. The price is now moving within wave (v) grey. Each time the price action triggers the alternate wave count, W...
    On July 3, 2017 / By