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Finance 0
Market Consolidations Continue
The consolidations developing in the market remained in play by the close of today’s business. Volume climbed in confirmed accumulation, which is a potential sign for an upside breakout from these consolidations. But with bearish lead-in trends, any upside breakouts will quickly run into supply issues from Christmas consolidations. The S&P is shaping a pennant just above support from September/October swing lows. There is a weak ‘buy’ in the MACD and On-Balance-Volume. The Nasdaq is holding 4,500 with a potentially bullish harami cross. If today’s accumulation does mark a shift towards bulls, then the Nasdaq is wel... -
Finance 0
World’s First Robot-Run Lettuce Farm To Produce 30,000 Heads Daily; Tipping Point For Workerless Agriculture
Future of Farming The future of farming has arrived. It’s vertical, soilless, and run by robots. Tech Insider reports World’s First Robot-run farm will harvest 30,000 heads of lettuce daily. The Japanese lettuce production company Spread believes the farmers of the future will be robots. So much so that Spread is creating the world’s first farm manned entirely by robots. Instead of relying on human farmers, the indoor Vegetable Factory will employ robots that can harvest 30,000 heads of lettuce every day. Don’t expect a bunch of humanoid robots to roam the halls, however; the robots look more like conveyor belts w... -
Finance 0
Gold Daily And Silver Weekly Charts – Pullback
I forgot to mention that yesterday was Mozart’s birthday. His 260th I believe. His music is certainly the silver lining in life, some recompense for the ugliness that passes for success with our modern day Trimalchios of finance. Gold and silver were taking back some of the recent gains as they moved lower. Interestingly enough so was the dollar, moving lower. Is risk back on? Not to judge by the stock market results. There were the usual piddling to no deliveries at The Bucket Shop, and some silver was pushed around the plate, with gold a snoozer as usual. I would like to see gold hold its level and move higher from here. But there are... -
Finance 0
Only The Free Market Can Save China… Funny How We Romanticize
Quotable “The reason for the unreason with which you treat my reason, so weakens my reason that with reason I complain of your beauty.” Miguel De Cervantes, Don Quixote Commentary & Analysis Only the free market can save China…funny how we romanticize I appreciate Ludwig von Mises more than most and have for decades.So the yearning for free markets is high on my list.But the reality is we live in a world of controlled and quasi-free markets.Sometimes, however, we romanticize; most often when it fits our story we say markets are free—or at least they should be. I have noticed a pattern; when some do well they tend to extol t... -
Finance 0
Allocation Strategy During The Corporate Debt Hangover
Are corporations in great shape? Three consecutive quarters of declines in earnings suggest that they are not. Worse yet, record high leverage coupled with close-to-record low interest coverage indicate stress within corporate balance sheets. Beginning with the “profit recession,” it has become fashionable to describe the deterioration as a function of the price collapse in oil and gas. However, that assessment fails the sniff test on three different levels. One, six of the ten S&P 500 economic segments share in the year-over-year earnings contraction, not the energy sector alone. Second, if one excludes energy as an outlier on the ... -
Finance 0
The Global Bear Market Has Reached U.S. Soil
You are probably aware that the U.S. markets are off to their worst start in recorded history. However many media commentators are bear market deniers and believe that there isn’t a bear market at all and stocks will go up forever. If there is a correction, deniers believe that the Fed will just restart their quantitative easing programs and stocks will continue their ascent to infinity. I’m sorry to tell you that if you look at the data, the global financial markets are already in a deep bear market and their central banks have been ineffective in printing themselves out of recession. The U.S. is being pulled down by internationa... -
Finance 0
Visa Inc. Shares Move Higher Post-Earnings
Visa (V) released its earnings results from the first quarter of fiscal 2016 after closing bell tonight, posting earnings per share of 69 cents per share, compared to the consensus of 68 cents per share. Revenue amounted to $3.57 billion, compared to the estimate of $3.62 billion. GAAP earnings were 80 cents per share. Visa posts solid growth Payments volume climbed 11% year over year in constant dollars to $1.3 trillion, while cross-border volume growth climbed 4% in constant dollars. Total processed transactions climbed 8% year over year to $19 billion. Service revenues climbed 7% to $1.6 billion, while data processing revenues improved 7% ... -
Finance 0
Visa Inc. Shares Move Higher Post-Earnings
Visa (V) released its earnings results from the first quarter of fiscal 2016 after closing bell tonight, posting earnings per share of 69 cents per share, compared to the consensus of 68 cents per share. Revenue amounted to $3.57 billion, compared to the estimate of $3.62 billion. GAAP earnings were 80 cents per share. Visa posts solid growth Payments volume climbed 11% year over year in constant dollars to $1.3 trillion, while cross-border volume growth climbed 4% in constant dollars. Total processed transactions climbed 8% year over year to $19 billion. Service revenues climbed 7% to $1.6 billion, while data processing revenues improved 7% ... -
Finance 0
Vanguard Wellesley Income Fund Shines On
It wasn’t that long ago that many were calling an end to the out performance that has persisted for years in the Vanguard Wellesley Income Fund (VWIAX) in light of rising interest rate concerns. After all, how could a fund shackled by a prospectus rule to hold an abundance of fixed-income ever outperform high yield strategies near the low end of an interest rate cycle? It just goes to show that there is no replacement for common sense asset management during a difficult year in the market. As a result of their expertise, the $40 billion juggernaut VWIAX was recently named Morningstar’s Top Allocation fund for 2015. The Vanguard Wellesl... -
Finance 0
OPEC, Russia And A Short Squeeze
OPEC and Russia may be on the verge of coming together regarding production cuts, and the shorts are starting to get worried about a short squeeze in the market. Video Length: 00:16:38...
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