Caterpillar Accused Of Tax, Accounting Fraud In Report; Stock Slides

Caterpillar Accused Of Tax, Accounting Fraud In Report; Stock Slides

The mystery of last week’s Caterpillar office raid by various US government agencies may have been resolved, after the NYT reported overnight that a report commissioned by the government, written by an accounting professor at the Tuck School of Business at Dartmouth, has accused the heavy-equipment maker of carrying out tax and accounting fraud. “Caterpillar did not […]
U.S. Treasuries: Who’s Buying, Who’s Selling?

U.S. Treasuries: Who’s Buying, Who’s Selling?

One of the linchpins supporting the U.S. Treasury (UST) market in recent years has been the relative yield advantage against the rates that have existed among the sovereign debt of other G7 nations. In the post-U.S. presidential election landscape, fixed income investors have witnessed a back-up in G7 government bond yields on a global basis, and questions have arisen as to whether said […]
DJIA Today: Healthiest Of All The Indices

DJIA Today: Healthiest Of All The Indices

My Trading Journal for the DJIA Today:  Nasdaq still doesn’t look so bad, Russell index does look pretty rough, the S&P 500 is giving up all of Wednesday’s market rally, but the DJIA managed to hold that 10-day moving average with a three day pullback that was quite shallow in nature. If it holds, who knows, […]
Calm Before The Storm: Euro, US Dollar Steady Ahead Of ECB, NFPs

Calm Before The Storm: Euro, US Dollar Steady Ahead Of ECB, NFPs

Video length: 00:09:01   It’s another quiet morning on the DXY Index front, as market participants await tomorrow’s ECB rate decision and Friday’s US Nonfarm Payrolls report. While the European Central Bank rate decision is expected to be rather dull – no change in rates or the QE program are anticipated – the Euro has shown a proclivity to experience […]
Jaw Dropping Oil Increase

Jaw Dropping Oil Increase

The Saudi Oil Minister, Khalid Al-Falih, says that OPEC cuts have exceeded expectations of 1.5 million barrels of oil a day, but you would not know it by the jaw dropping 11.6-million-barrel crude oil increase reported by the American Petroleum Institute (API). Even with a bullish 5-million-barrel drop in gasoline supply, the largest weekly drop […]
Gundlach Says Fed Will Hike “Until Something Breaks”, Dumps Bank Shares

Gundlach Says Fed Will Hike “Until Something Breaks”, Dumps Bank Shares

Last week, in an abrupt shift to his bullish posture, Bank of America strategist Michael Hartnett laid out how he envisioned the transition from the current “Icarus” rally to what he dubbed the market’s “Great Fall” – or “Humpty Dumpty” trade – which he expected to take place in the second half of the year, and which […]
Pound Pressured Ahead Of Budget Release

Pound Pressured Ahead Of Budget Release

The Pound Sterling fell against the US Dollar, dipping to a 7-week trough as investors await the release of the British budget. The finance minister is expected to raise his economic forecasts, but analysts believe that Philip Hammond is also likely to talk up new targets that would curb the UK’s large fiscal deficit. Included […]
Those Rising German Trade Surpluses

Those Rising German Trade Surpluses

For the world as as a whole, exports need to equal imports. Thus, the large US trade deficits are necessarily offset, out there in the world economy, by equally large trade surpluses in other countries. From a global perspective, these offsetting surpluses are largely in three countries: China, Germany, and Japan. Here’s are some statistics from […]
E
                                                
                        Cisco Systems Stock Is A Great Long-Term Investment

E Cisco Systems Stock Is A Great Long-Term Investment

Cisco Systems (CSCO) has done very well in the last few years, and its stock has outperformed the market by a significant margin. In fact, since the beginning of 2014, CSCO’s stock has gained 52.5% while the S&P index has increased only 28.1% in the same period. What’s more, the company has a compelling valuation […]
Is U.S Economic Growth Slowing In Q1?

Is U.S Economic Growth Slowing In Q1?

Yes, according to Tuesday’s revised GDP estimates from the Atlanta Fed and CNBC’s Rapid Update survey data. The Capital Spectator’s new economic projection is also anticipating a weaker pace of growth Vs. last year’s fourth quarter. It’s too early to say for sure if the weaker forecasts are accurate (quite a lot of Q1 data […]