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Finance 0
Housing Market Review – All About The New Home Sales – May, 2016
The last Housing Market Review covered data released in March, 2016. At the time, the iShares US Home Construction ETF (ITB) was accompanying the market on an extended rally from the February lows. Resistance at the 200-day moving average (DMA) slowed down the advance. In April, ITB cleanly broke through resistance only to come to a halt after a promising gap up. I took profits on a few more positions in home builders as the seasonal trade in home builders wound down down. ITB stayed resilient and hung around just long enough until a double catalyst of soaring new home sales and strong earnings from Toll Brothers (TOL) generated a fresh br... -
Finance 0
USD At 2 Month Highs, Gold Collapses
USD Index is mixed as now markets are continuing to ad hopes for a summer rate hike, and markets starts preparing for next week’s NFP which is very likely to be the most volatile of this year. While EUR is soft, GBP remains the strongest currency of this week. Yesterday, US home sales data, showed a very strong expansion in the housing industry which further boosted USD across the board. The calendar is full today, with Crude oil inventories, and Bank of Canada rate decision standing out. Stocks: Equities staged a strong rebound yesterday after positive US data soothed fears that the US economy might not resilient to withstand the effect... -
Finance 0
Germany Calls IMF’s Bluff And Wins: Greece Screwed Again
In a “breakthrough” agreement to kick the can until after the next German elections, the IMF backed down on its demand for immediate debt relief for Greece now. According to the agreement, Greece will have to maintain a primary budget surplus of 3.5% of GDP, a condition the IMF argued as impossible, just a few days ago. Please consider Greece Reaches Debt Relief Breakthrough with Creditors. Creditors have decided on measures to provide short, medium and long-term debt restructuring on Greece’s 180 per cent debt mountain, having been locked in eleven hours of negotiations in Brussels, ending at 2am local time, writes Mehreen Khan in Bru... -
Finance 0
Technically Speaking: Bull Hopes, Bear Signals
Over the last several weeks, I have discussed the markets entrance into the “Seasonally Weak” period of the year and the breakout of the market above the downtrend line that began last year. The rally from the February lows, driven by a tremendous amount of short covering, once again ignited “bullish optimism.” “Canaccord Genuity’s Tony Dwyer estimates the equity benchmark will end 2017 at 2,340, an increase of 15 percent from Wednesday’s closing level of 2,047.63, with half of the gains coming this year.” But it is not just Tony that is buying into the “optimistic” story, but investors also as the number of ... -
Finance 0
EC Dollar Rally Could Impact Leaders
The short term leadership is shifting as the dollar comes off its lows. Energy and materials had been leading the market during the recent period of dollar weakness. As the dollar found its footing over the last month, defensive sectors took the lead. Whether this short term shift continues will likely depend on whether the Fed is right about the economy and how the market reacts to higher interest rates. What produced this pullback in materials and energy and the rally in defensive stocks was the dollar’s reaction to the recent more hawkish Fed statements. A higher dollar is now associated in the market’s mind with weaker global growt... -
Finance 0
E RealPage A Compelling Value For Growth Small Cap
RealPage (RP) was one of 30 stocks that hit a screen for outsized quality growth, one of the smaller more interesting names on a list that included market leaders like Amazon (AMZN) and Salesforce.com (CRM).RP offers a value-added solution that is meaningfully disruptive to a large industry, and has the ability to sustain above-average growth for a very long period of time.Its niche nature also makes it a potentially attractive M&A candidate as strength in Multi-Family housing starts increases its customer base, and it is also a EBITDA margin expansion candidate. The $1.73B software company provides solutions to the rental housing industr... -
Finance 0
Investors Should Think Twice Before Adding This Retailer To Their Portfolio
Photo Credit: jessicalsmyers Tiffany & Co. (TIF) Consumer Discretionary – Specialty Retail | Reports May 25, Before Market Opens Diamonds may be a girl’s best friend but they haven’t been one for investors. In the past few years demand for jewelry has substantially declined, led by a strong U.S. dollar, weakness in China and changing spending habits. Consequently, jewelers like Tiffany have seen earnings fall for 4 consecutive quarters. The stock hasn’t been too far behind, down 25.6% over the same time frame. Unfortunately, investors should expect more of the same when Tiffany’s reports first quarter earnings this Wednesd... -
Finance 0
German IFO Beats With 107.7 – EUR/USD Ticks Up
Better than expected business sentiment in Germany: Business climae rises to 107.7, expectations jump to 106.6 and the current assessment move up to 114.2 points. This contrasts yesterday’s disappointing ZEW number. EUR/USD grinds higher to 1.1150, nothing really spectacular. Germany’s No. 1 Think Tank, IFO, was expected to report a small upswing in sentiment. The Business Climate was predicted to rise from 106.6 to 106.8 in May. The Business Expectations figure carried expectations from 100.4 to 100.8 points and the Current Assessment was expected to remain unchanged at 113.2. EUR/USD traded around 1.1145 towards the release, consolida... -
Finance 0
Goldman Sachs Is Using Chinese Wall As A Beard For Tesla Conflict Of Interest
This isn`t the first time Goldman Sachs has tried to hide behind the notion of a “Chinese Wall” in a defense against an apparent conflict of interests. It is theoretically possible that this analyst operated in a complete vacuum at Goldman Sachs, but how likely is this fact given how interconnected Investment Banking activities are these days? We would have to believe that Goldman Sachs analyst Patrick Archambault is basically the most clueless, blind, deaf and mute employee who has no networking connections whatsoever at Goldman Sachs. Basically, persona non grata around the ole water cooler. Frankly, if he didn`t in fact know... -
Finance 0
Gold Prices Drop As Dollar Strengthens
Gold prices fell 1.77% on Tuesday, extending their losses to a fifth straight session, as interest rates talk and a friendly risk environment provided better investment opportunities elsewhere. The XAU/USD pair had a small bounce on Monday, after finding some support at 1243, but was unable to penetrate the 1251/0 region. Eventually, sellers increased the pressure and prices broke down below the 1240 level. Better-than-expected housing data was also behind yesterday’s drop in prices. The Commerce Department data showed sales of new homes jumped 16.6% to a 619000 annualized pace, and figures for the first quarter were revised higher. XAU...
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