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EC 5 Scholarly Articles To Validate Your Value Investment Bias
By Mitchell Mauer at The Stock Market Blueprint Blog. Let’s admit it. As value investors, we all have a value investment bias. In fact, all investors are bias toward their preferred approach. Confirmation bias is rampant in all walks of life – politics, religion, fad diets, favorite sports teams, etc. Investing is no different. Wherever opinions and counter opinions come together, people are bound to actively seek evidence that confirms their opinions. Embrace Your Value Investment Bias Most experts claim to be above this phenomenon by insisting it does not affect them. Rather than denying or hiding your value investment bias, I’m go... -
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GoPro Boosted By Red Bull Deal, But Analyst Says Economic Benefit Uncertain
Shares of GoPro (GPRO) are on the rise after the company announced an exclusive global partnership with Red Bull this morning. Stifel analyst Jim Duffy believes that the economic benefit of this agreement to GoPro is uncertain and a deal reaching beyond the core action sports customer would prove more “incremental.” GLOBAL PARTNERSHIP: GoPro and Red Bull announced they are joining forces on a multi-year, global partnership that includes content production, distribution, cross-promotion and product innovation. As part of the agreement, Red Bull will receive equity in GoPro and the action camera maker will become Red Bull’s ex... -
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Blistering Demand For 2 Year Paper Surprises Bond Watchers Ahead Of Alleged Rate Hike
The last time the US Treasury had a solid 2Y auction the paper was trading very special in repo, suggesting a major short squeeze was inevitable, and that is precisely what happened. However, there was no explanation why today’s just concluded sale of $26 billion in 2 year paper was as blisteringly hot as it was: it certainly wasn’t the repo market, as the paper was trading comfortably north of the Y-axis all day, suggesting there was no forced squeeze into the auction. First, the high yield printed at just 0.92%, over 2 bps through the 0.943% When Issued. Indicatively, this was just shy of the 0.948% Yield that the 2Y printed at ... -
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SPX, GDX And GLD: All Ready To Roll Over?
Last week, I was looking for a big drop for the gold complex into May 19. We got a huge drop, but not the drop I was looking for. It seems gold is working out a 25- week low while GDX is trying to run 21 weeks to its low. This would place the final washout somewhere near mid month in June. The stock market looks as though it is about ready to roll over into mid-June also. I have a possible 1807 target for the S&P 500 by or around June 14-15 and GDX 17.68 by or around June 13-14. The S&P 500 looks as though it wants to top somewhere around May 24th to 25th, while GDX and the gold complex could rise out of a May 25th low into a June 2... -
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LIBOR Alternatives Taking Shape
Since the LIBOR scandal erupted, US officials have been working toward an alternative benchmark. In 2014, the Fed set up a working committee that includes more than a dozen large banks and regulators Before the weekend the committee (Alternative Reference Rates Committee) proposed two possible replacements for LIBOR. There reportedly was some consideration of using the Fed funds as an alternative. However, Fed funds were rejected because it would have been made it more difficult to change the monetary policy framework in the future. A few months ago, the NY Fed began publishing an “overnight bank funding rate” (OBFR). It i... -
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Times And Cycles Update
Today is a short term High only, we are just at the beginning of this rally phase. We saw a higher midday High, giving an 80% chance we see a last hour High of Day. We also have a Gap and Go SU day, giving a 90% chance we see a last hour High of Day. Target is 2083-85 SPX.... -
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Massive Jump In New Home Sales, 17-Sigma Event
New home sales surprised in a massive way this morning, blowing out all estimates to the high side. New home sales came in at 619,000 compared to a Bloomberg Econoday consensus estimate of 523,000 at a seasonally adjusted annualized rate. Highlights The new home sales report has sealed its reputation as the wildest set of data around. April’s annualized rate came in at 619,000 which is not a misprint. This is the highest rate since January 2008 and dwarfs all readings of the recovery. February 2015’s rate, way behind at 545,000, is the next highest rate this cycle. The data even include a very large 39,000 net upward revision to the two p... -
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Sound As A Dollar
Back on May 3rd, I did a Slope Plus post suggesting going long the US dollar. As I phrased it at the time: “The Yen and Euro have been very strong in recent months. I believe this is about to turn, and thus I am banking on a strengthening dollar. There are plenty of ways to play this (short the Euro, short the Yen, etc.) but I’m going to use the lame-o, thinly-traded UUP.” Well, let’s take a fresh look at the charts. Shorting the Yen has gone pretty well, and there doesn’t seem to be much in the way of support, so this probably is a good “hold”: The Euro has a little to go before its lower trendline, but I’ve got to say, it... -
Finance 0
Stocks Overview: AMD, MU, NVDA, TSLA, HOT
With the Fed signaling a potential rate hike, we could expect more strength in US dollar. But what can we expect from different stocks? In case you missed my Benzinga interview last week, you’re in luck today! Because I’m here to fill you in on my stocks Overview: AMD, MU, NVDA, TSLA, HOT and more. You can call me Professor Kiana. Of course, we are assuming that your current financial situation is healthy enough to invest. Listen up to my overview on stocks on Benzinga or scroll down to read the talking points. Advanced Micro Devices, Inc. (AMD) – NVIDIA Corporation (NVDA) If you read my previous take on AMD when... -
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Dividends And Volatility In 2016
We’re well into 2016 now and while it’s not yet time to start singing “Auld Lang Syne,” it’s worth checking on some of our previous assumptions and prognostications to see if we’re on track. Looking back at the ETF articles of late 2015 and early 2016, two themes stand out: income and volatility. In February, our story “Low Volatility ETFs May Be 2016’s Best Bet” surveyed the field of low-vol funds to identify the best and worst in each class. That article followed on our November piece entitled “Shopping For High Dividend ETFs? Beware Volatility” which highlighted three portfolios designed to deliver both high dividen...
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