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Finance 0
Lousy, Tailing 30Y Auction Follows Yesterday’s Recordbreaking 10Y
Following yesterday’s record-breaking, blockbuster 10 Year auction it would have been difficult to follow the unprecedented scramble for benchmark OTR paper, and sure enough it was. Moments ago the Treasury sold $15 billion in 30 Year paper in what may have been one of the weaker ultra-dated bond auctions in recent months, when it printed at 2.615%, tailing the When Issued by 0.7 bps, the first 30Y tail since February, and about 2 bps higher than the 30Y auction in April. The internals were likewise weak: the bid to cover was only 2.199, well below the 2.40 in April and the lowest since February. Finally, the allocation did not insp... -
Finance 0
Should We Worry About The US Labor Market?
Within the two mandates of the Federal Reserve, inflation was the weak spot and jobs were the bright spot. A very steady and solid in the amount jobs moved the focus in recent jobs reports to wages, often seen as the source of core inflation, the inflation the Fed cares about. With an unemployment rate around 5% and a positive move in the participation rate, many talked about the US nearing full employment. When the labor market looks good, also those depressed and discouraged workers are returning to the workforce. Approaching full employment, we should begin seeing fewer job gains as almost everybody is working. However, as employment... -
Finance 0
Ambarella Falls As GoPro Inventory Glut Drives Pacific Crest To Cut Outlook
Shares of GoPro (GPRO) chip supplier Ambarella (AMBA) dropped Thursday after Pacific Crest cut its price target on the shares to reflect slumping demand for the action camera brand, which the research firm argued has led to “massive,” ongoing inventory corrections. RESETTING MODEL: Pacific Crest analyst Brad Erickson cut his price target on Ambarella to $53 from $62 this morning to reflect “massive” GoPro inventory corrections amid weaker demand for the action cameras. The analyst scrubbed his Ambarella model to account for the “full magnitude” of the past nine months of GoPro inventory adjustments, which E... -
Finance 0
Bouncing At The Fifty
The bears really have to pay close attention to the 50-day moving average. Until last Friday this MA had been irrelevant to the market, paying little to no attention to it. But last Friday it bounced hard after dipping below it intraday, and then went on to rally three straight days. Today, the bulls gave up all the pre-market gains it was sporting, and has since sold off hard going right back down to the 50-day moving average again and, you guessed it, the bulls are trying to bounce it. It may or may not hold here. I’m not sure. What is known though is that if the bulls can’t hold strong and keep price above the moving av... -
Finance 0
The Foundation Of The Financial Markets Took A Big Hit In 2015
The Global Financial Market took a big hit in 2015 and most investors have no idea why. The U.S. and global financial system both sit on a foundation that continues to erode each year. While the disintegration of the global financial substructure has been going on for many years, last year was a BIG ONE. How big? Well, lets say…. the worst in 60 years. So, what am I referring to here? Well, I imagine some of you who have been reading my work for several years probably have an idea. However, before I share this information, I wanted to say a few things about the precious metals. Last week I listened to the Future Money Trends, EPIC Silver D... -
Finance 0
Consumer Discretionary And Large Cap: 2 ETFs To Watch On Outsized Volume
In the last trading session, the U.S. stocks saw a wild ride due to the sell-off in the consumer sector. Among the top ETFs, investors saw (SPY – ETF report) lose 0.9%, (DIA – ETF report) shed 1.1% and (QQQ – ETF report) move lower by 0.9% on the day. Two more specialized ETFs are worth noting as both saw trading volume that was far outside of normal. In fact, both these funds experienced volume levels that were more than double their average for the most recent trading session. This could make these ETFs the ones to watch out for in the days ahead to see if this trend of extra-interest continues: (RCD – ETF re... -
Finance 0
Tips For Short Term Traders – Three Must Do’s When Trading
(Video length 00:02:07) Tips for Short Term Traders – Three Things to do When TRADING As I have explained before, trading and investing are vastly different. Every time you enter a position, you must be clear and honest with yourself: Is this going to be a short-term trade? Or a long term investment? I’ve seen Invest Diva students flip-flopping between investing and trading depending on the direction of the market, which only results in losing money. Here are three tips for short term traders to keep in mind– no matter what. 1- Look for a Market Mover Event Unlike investing, you should be looking for a quick market mover... -
Finance 0
Import And Export Prices Both Rise
Import prices rose 0.3% in April with export prices up 0.5%. In March, import prices rose 0.3% and exports 0%. If we call 0% a gain, this is the first back-to back gain since May-June 2015. Bloomberg Econoday reports Highlights The rise in oil prices gave a second straight but still limited boost to cross-border inflation pressures in April. Import prices rose 0.3 percent to match March’s revised gain. These are the first back-to-back monthly gains since June and May last year. The year-on-year change, at minus 5.7 percent, is the best since December the year before, 2014. Petroleum imports are behind the improvement, up 4.1 percent in ... -
Finance 0
Traveler’s Regains Position As Top Stock On S&P 500
ValuEngine tracks more than 7000 US equities, ADRs, and foreign stock which trade on US exchanges as well as @1000 Canadian equities.We can use our data to track individual stocks, industries, sectors, and indices. For today’s bulletin, we present key metrics for the top picks in the S&P 500. The companies listed below represent the top-ten BUY/STRONG BUY stocks within the index. They are presented below according to their one-month forecast target prices. For the first time in a while, we have a good bit of turnover in our list. Traveler’s returns to the top while Tyson Foods and Hartford Financial move up from the last time ... -
Finance 0
3 Things: Explaining The Consumption-Disfunction
Stop Blaming Consumers, They Can’t Help It Since 2009, mainstream economists, the media, and the Fed have continued to prognosticate a resurgence of economic growth. Yet each year, as shown in the chart of Fed forecasts below, such predictions have repeatedly overstated reality. Since the economy is almost 2/3rds driven by consumption, it was only a function of time before these same individuals, consistently wrong, lash out at those directly responsible for their shortcomings – the consumer. As noted by Robert Samuelson via The Washington Post: “American consumers aren’t what they used to be — and that helps explain the plodding e...
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