Category Archive: Finance, No picture
Best Energy ETFs And Stocks Of Last Week
U.S. crude bounced back nicely and recorded its weekly gain in two months ending their longest run of weekly losses since 2015. This is primarily thanks to the tightening supply outlook on the back of looming Iranian supply shortages and a strike in the North Sea oil and gas fields amid rising U.S. oil production. […]
The “Real” Goods On The July Durable Goods Data – Monday, August 27
Friday morning, the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly […]
Looking Back At Lehman, Ten Years Later
Robert Samuelson takes on the collapse of Lehman a decade ago and assesses the argument of Larry Ball that the Fed could have bailed out Lehman. He ends up siding with Bernanke–Paulson and says the Fed would have taken big losses if it bailed out Lehman. He also says we would have seen the financial crisis anyhow. […]
Indian Indices Open At New Highs; Power And Metal Stocks Outperform
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.6% while the Hang Seng is up 0.4%. The Shanghai Composite is trading flat. Meanwhile, a broad-based rally pushed the S&P 500 and the Nasdaq to record-high closes for the second straight session on Monday as a trade agreement reached between the United States and […]
World Markets Update – Monday, August 27
Four of eight indexes on our world watch list have posted gains through Monday, August 27, 2018. The top performer this year is India’s BSE SENSEX with a gain of 14.44%. In second is our own S&P 500 with a gain of 8.35%. In third is France’s CAC 40 with a gain of 3.13%. Coming […]
COT Blue: Blame May 29, Not Trade War
I have to hand it to my colleague Joe Calhoun. In recent months, he’s been able to almost perfectly predict the Trump Administration’s response tactics to all this trade war stuff. Back in July, it was mere comments on the dollar. Not long thereafter, aid to farmers caught up in the China dispute. When that […]
De-FAANGing The World
Last weekend, Ben Carson’s Department of Housing and Urban Development filed suit against Facebook, claiming that its methods of segregating consumers for advertisers constituted redlining, violating Civil Rights legislation. The battle between Big Data and civil rights has thus begun, rather earlier than had been expected. It is just one of the forces that will […]
U.S. Calendar: The Week Ahead – Monday, August 27
(Video length 00:03:04) Interactive Brokers senior market analyst Steven Levine provides some highlights for what to look for in the week beginning August 27.
Weekly Gasoline Price Update: WTIC Up 5.3%
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up a penny and unchanged, respectively, from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.73 and San Francisco, CA is the most expensive city, averaging […]
EUR/USD Rate Eyes August-High As Bearish Trends Start To Unravel
EURO TALKING POINTS EUR/USD appears to be on track to test the August-high (1.1700) following the Fed Economic Symposium, and recent price action raises the risk for a more meaningful recovery in the exchange rate as both price and Relative Strength Index (RSI) threaten the bearish trends from earlier this year. EUR/USD RATE EYES AUGUST-HIGH AS BEARISH […]
