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WTI Crude Tumbles Back To $50 Handle, Credit Markets Crack

WTI Crude Tumbles Back To $50 Handle, Credit Markets Crack

One day after Goldman muppet’d its clients with a reassuringly bullish note, WTI Crude has crashed back to a $50 handle near its lowest levels since Oct 2017 (sending HY credit risk spiking near two-year wides). USD strength is not helping… As a reminder, here is Goldman: Goldman Sachs Group – which has been urging its client to […]
November 2018 Conference Board Consumer Confidence Declined

November 2018 Conference Board Consumer Confidence Declined

The latest Conference Board Consumer Confidence Index’s headline number is 135.7 (1985=100), down from 137.9 in October. Analyst Opinion of Conference Board Consumer Confidence Consumer confidence has been on a multi-year upswing. The softening this month could be the beginning of a downtrend – or at a minimum is showing a growing uncertainty by consumers this month. […]
Emerging Markets On A Rebound? 5 ETFs Seeing Big Inflows

Emerging Markets On A Rebound? 5 ETFs Seeing Big Inflows

After a steep selloff triggered by trade tensions, a strong dollar, China’s economic slowdown, and crisis in Argentina and Turkey, emerging markets regained momentum as investors are betting hugely on their rebound in the coming months. In fact, this has pulled in billions of dollars into emerging market ETFs. Per Bloomberg report, U.S.-listed ETFs that […]
USD/CAD: Uptrend Intact As Bulls Eye 17-Month Highs Near 1.3400

USD/CAD: Uptrend Intact As Bulls Eye 17-Month Highs Near 1.3400

Over the weekend, we officially crossed the threshold into the final 10% of the year…but it sure feels like much more than 10% of the year’s high impact economic events are still ahead of us! Within the next week and a half alone, we have a highly-anticipated speech from Fed Chair Powell ahead of the […]
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                        Canada’s Inflation Remained Broadly Steady In October

E Canada’s Inflation Remained Broadly Steady In October

Canada’s year-over-year consumer price index rose 2.4% in October following a four-month low of 2.2% in September. On a simple monthly basis, the CPI rose 0.3% since September. The largest contributor to October’s CPI increase was the 2.5% increase in auto prices. Auto prices on their own account for 8% of the index. Airfares also […]
NZD/USD Rate Struggles Ahead Of RBNZ Financial Stability Report

NZD/USD Rate Struggles Ahead Of RBNZ Financial Stability Report

NEW ZEALAND DOLLAR TALKING POINTS NZD/USD struggles to hold its ground ahead of the Reserve Bank of New Zealand’s (RBNZ) Financial Stability Report as updates to the Balance of Payments (BoP) shows a larger-than-expected trade deficit for October, and the advance from the monthly-low (0.6514) may continue to unravel over the coming days as the bullish […]
4 Key Events Heading Into Year End

4 Key Events Heading Into Year End

Marc Chandler, Managing Partner Bannockburn Global ForEx and Founder of the Marc To Market website joins me to outline the 4 key events that investors will have to watch closely to year-end. These events are the G20 meeting, UK vote on Brexit, ECB meeting, and Fed meeting. Audio length 00:15:56
The Current Financial Asset Bubble In The DJIA

The Current Financial Asset Bubble In The DJIA

My friend who has been creating this chart below seems rather exercised by the correlation. He has lots of charts showing the math behind it, and so forth. What it says to me is that we are at a financial asset bubble top, which appears to have crested. The old short seller in me knows […]
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                        General Mills’ Dividend: Just How Safe Is It?

E General Mills’ Dividend: Just How Safe Is It?

General Mills (GIS) has dramatically underperformed the market in the last two years. During this period, the stock has lost 30% whereas S&P has rallied 22%. As a result, General Mills is currently trading at a 5-year low and is offering a dividend yield of 4.6%. This is the highest yield the stock has offered […]
Valuing Pipelines Like Real Estate

Valuing Pipelines Like Real Estate

As the midstream energy infrastructure sector transitions from MLPs to corporations, I believe the method of valuation needs to change with it.  Video Length: 00:03:12