Sell Bonds Buy Stocks continues again according to recent data from a big bank US equities have once again regained the popular vote, but despite US equity inflows hitting a multi-year high, equity funds have cut exposure back to a neutral weighting following the US elections. Investors Continue To Sell Bonds Buy Stocks According to Deutsche Bank’s weekly US investor positioning and flows report published at the end of last week, inflows into US equities amounted to $4.4 billion last week, marking the fourth straight week of inflows cumulatively adding $45 billion into equity funds. This is the longest consecutive stretch of inflows since J...
LOUISVILLE, Colo., Dec. 06, 2016 (GLOBE NEWSWIRE) — RGS Energy (Nasdaq:RGSE) today announced that it commenced a public offering of units (“Units”) consisting of its Class A common stock, par value $0.0001 per share (the “Common Stock”), and Series I Warrants to purchase shares of Common Stock. Roth Capital Partners will serve as exclusive placement agent in the offering on a “best efforts” basis. The offering is being conducted pursuant to a prospectus supplement and an accompanying prospectus filed as part of an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (“SEC”). Prosp...
If you enjoy deciphering what Fed officials have to say, you are going to love today as no fewer than six members of the Fed are scheduled to speak on this fine Friday. James Bullard, who seems to have a comment each and every day lately, kicked things off early this morning by saying that, in his opinion, it is time for a rate hike but that the real question is what the path for 2017 is going to look like. This after Janet Yellen, testifying in front of Congress yesterday, gave us the strongest indication yet that her FOMC appears to be ready to hike rates again in December. In addition, we will hear from Kansas City Fed President Esther Geo...
The US dollar posted strong gains this week, at one point staying firm above the psychological level of 100, a resistance level that has been breached as the Dollar Index jumped to 101 yesterday. After the initial turmoil of the election outcome just a week ago, the US dollar maintained strong gains, led by market speculation that a Trump administration could see renewed spending to the tune of nearly $1 trillion, which has suddenly sent inflation expectations higher. Trump had previously pledged to increase spending on infrastructure to boost the economy and also to bring the jobs back to America. The prospects of this led to rising inflatio...
Here is why I’m tentative on holding significant positions in gold, silver, and miners right now. Prices have fallen below all of the key weekly moving averages, and we are still within the timing window for an 8-year cycle drop. The 8-year cycle forces will abate after February of next year. Until then, we need to proceed cautiously. -GOLD NOW- Gold prices have dropped below all weekly moving averages. Prices could still collapse into an 8-year cycle low by February. I won’t feel comfortable allocating more of my account until gold trades above $1,310. Note: All precious metal assets we cover are convincingly beneath these key weekly m...
Hormel (HRL) is a huge food company today, but it started from humble beginnings. In 1891, George A. Hormel established the Geo. A. Hormel & Co. in Austin, Minnesota. The company realized rapid growth, as consumers took a liking to fresh pork products. By 1910, the company was already planning nationwide and international expansion. In 1926, Geo. A. Hormel & Co. developed the world’s first canned ham. The company just kept on growing, and today Hormel generates more than $9 billion of annual sales. Hormel possesses an amazing dividend history. The company has paid more than 350 quarterly dividends without interruption. That streak...
The US dollar is on a roll, crushing the yen and the euro. But will this last? Here is the view from Deutsche Bank: Here is their view, courtesy of eFXnews: It is possible that a strong USD will be worn by the coming administration as a badge of honor – a signal of global confidence in “Trumpism”. Much more likely, because it is more consistent with trade and manufacturing objectives, policymakers will wish to keep USD strength in check. This is unlikely to translate into an overt attempt to drive the USD weaker. In a world where the US is thinking about pump-priming its full employment economy, the strong USD would need to play a vi...
ParkerVision (Nasdaq:PRKR), a Florida-based technology company, released quarterly earnings yesterday. While the stock dipped during yesterday’s session, aggressive investors should view this dip as a buying opportunity to benefit from Parker’s strong patent litigation prospects over the next six months. Business Model ParkerVision designs and develops proprietary technology, radio frequency and other products. PRKR technology is used in semiconductor circuits for wireless communication devices nationwide. In addition, PRKR is involved in ongoing efforts to sell its technology for processing RF waveforms in wireless applications. ...
EUR/USD The Euro continues to slide as the Thursday session initially saw buyers enter the market, and then the market roll over completely. It looks like the 1.05 level being tested is all but a foregone conclusion at the moment, but with the overextension of the selling pressure, I prefer to see short-term rallies that I can sell on signs of exhaustion. I think that the 1.08 level above is essentially the absolute “ceiling” of the market at the moment, and I have no interest in buying. I do recognize that we will probably bounce significantly off the 1.05 level as it is such a large, round, psychologically significant number and has bee...
Technical Analysis: Strong move from the market yesterday, with the S&P 500 (SPX) rising another 0.5% and just six points away from new all-time highs. Currently SPX is underway on the second leg of the bounce that began last week. If it is anything like the Brexit bounce it should still have more room to run before finding some sellers. The 5-day moving average continues to offer a great deal of support for SPX. Volume on SPDRs S&P 500 (SPY) broke the five-day decline. Despite this, the volume was still below recent averages. Massive bearish engulfing candle pattern on United States Oil Fund (USO) and saw a rejection ...