Irma Comes At The Heels Of Harvey, Insurance Stocks In Focus
The insurance industry is still reeling under the impact of Hurricane Harvey and the damages caused in the wake of the storm. But there is a whole new catastrophic disaster, waiting to strike Florida, termed as Hurricane Irma. The storm has already strengthened to Category 5 and has hit the Leeward Islands of the northeast […]
U.S. Raises Government Debt Limit Until December
Asian shares were slightly higher on Thursday morning after U.S. President Donald Trump and his Congressional colleagues committed to raising the government debt limit until December, a move which eliminates the chance of a government shutdown for the near term. In a somewhat surprising bipartisan agreement, Trump made a deal with Democrats in Congress to […]
Here’s How Many Americans Live In Houses They Can’t Afford
The U.S. Department of Housing and Urban Development suggests that you spend no more than 30% of your annual budget on housing costs as it could put you and your family at greater risk of being unable to afford other necessities. That said, Americans are overachievers. Per the following chart from howmuch.net, the average American family spends […]
Crude Oil Prices Aim To Break 7-Month Down Trend – Will They?
Crude oil prices continued to push upward, scoring the fifth consecutive day of gains. Support from rebuilding refining capacity in the wake of Hurricane Harvey was helped along by comments from Russian Energy Minister Alexander Novak and weekly inventory flow statistics from API. Novak said an OPEC-led production cut scheme may be extended if the market hasn’t balanced by […]
Gold Moves Lower As Risk-On Trading Atmosphere Returns – Update Market
Gold prices fell in U.S. trading on Wednesday, giving back all of the gains made in the previous session. The safe-haven metal is feeling some downside price pressure as U.S. stock indexes edged higher on corrective bounces from recent selling activity. XAU/USD is currently testing the support at the 1332 level but the RSI on […]
EUR/USD Bear Flag Pattern Awaits Euro Interest Rate Decision
EUR/USD 4 hour The EUR/USD is building a bear flag chart pattern (blue/red) before the interest rate decision later today in the Euro zone., which will be communicated by the European Central Bank. A break below the support trend line (blue) could confirm a potential ABC correction (red). The ABC correction (red) is invalidated if […]
The Economy Continues To Slog Along With Good
Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB) DOW + 54 = 21,807 SPX + 7 = 2465 NAS + 17 = 6393 RUT + 2 = 1402 10 Y + .04 = 2.11 OIL + .55 = 49.17 GOLD – 5.90 = 1334.50 Top Cryptocurrencies Name Symbol Price USD Market Cap Vol. Total Vol. […]
Stocks To Watch: IMAX, IBM, BAC
Today’s stock picks Long Imax (IMAX) Long International Business Machines (IBM) Short Bank of America (BAC)
Sensex Opens Firm Tracking Positive Global Cues
Asian stock indices are higher following the stronger lead from Wall Street overnight on political developments out of Washington. The Shanghai Composite is up 0.45%, while the Hang Seng is up 0.23%. The Nikkei 225 is trading up by 0.37%. Overnight, the US stocks closed higher, led by gains in the energy sector. Back home, share markets in India have opened the […]
3 Reasons Successful People Invest In Commercial Real Estate
It’s true what they say: a large portion of America’s most successful entrepreneurs invest in commercial real estate. No other investment vehicle, at least in my opinion, has become more synonymous with promising returns and risk mitigation. It’s worth noting, however, that the benefits of investing in commercial real estate extend far beyond what we have […]
