Debt Ceiling Capitulation Spells Trouble Ahead For The Dollar
“Frustration” no longer adequately describes what reformers in Congress – along with millions of investors and taxpayers who voted for reform – are feeling. For many, hopelessness is beginning to set in on the prospects for tax, budgetary, and monetary reform following Wednesday’s GOP capitulation on the debt ceiling. Democrats coupled the Hurricane Harvey $7.85 […]
The Top 10 Dividend Growth Stocks For Young Investors
Dividend stocks can generally be separated into two groups. The first group is made up of high-yield stocks. Think telecoms and utilities, which offer higher dividend yields of 4%+. Their high yields are attractive, but the trade-off is that they tend to have low dividend growth rates. Sometimes, their dividend increases barely beat inflation. The second […]
Equifax Shares Could Close Down 10% On Breach, Says Deutsche Bank
Deutsche Bank analyst Kevin McVeigh believes shares of Equifax (EFX) could close down 10% today after the company disclosed a security breach potentially impacting up to 143M consumers. The stock in premarket trading is down 13%, or $18.72, to $124.00. The analyst says that while difficult to quantify, his best effort suggests the financial impact […]
USD/CAD: Post-BoC Losses To Accelerate On Strong Canada Employment
Trading the News: Canada Net-Change in Employment Another 15.0K expansion in Canada Employment may fuel fresh 2017-lows in USD/CAD as it puts pressure on the Bank of Canada (BoC) to implement additional rate-hikes over the coming months. The BoC may move to the sidelines after delivering two consecutive rate-hikes as the central bank notes ‘Future monetary policy decisions […]
Wipeout: US Dollar Crashes Across The Board
Dear lord: the pressure on the dollar is unrelenting. It looks like no one wants to be the idiot that’s long USD headed into a weekend that could see a catastrophic hurricane strike on Florida and another ICBM launch for North Korea. As tipped overnight in our post on the yuan, the losses really started to […]
Dull End To The Week; L&T Rallies 4%
Indian share markets continued to trade flat in the afternoon session amid continued caution about global risk factors such as North Korea. At the closing bell, the BSE Sensex closed higher by 25 points and the NSE Nifty finished up 5 points. The S&P BSE Mid Cap finished down by 0.4% while & S&P BSE Small Cap too finished down by 0.2%. Gains were […]
Crashing Dollar Sends European Stocks, US Futures Reeling; Yuan Has Best Week On Record
European stocks dropped, Asian and EM market rose, and S&P were lower by 0.3% as investors assessed the latest overnight carnage in the USD which plunged to the lowest level since the start of 2015, sending the USDJPY tumbling to 107, the euro extending gains to just shy of $1.21 and a slowdown in China’s export growth […]
Canada ETFs Rise After Unexpected Rate Hike
The Bank of Canada (BoC) increased interest rates for the first time in seven years in its July 2017 meeting. Now, for the second consecutive time, the BoC has increased its benchmark overnight interest rate. Most economists expected Governor Stephen Poloz to hold on to the rate hike in the most recent BoC meeting (read: Canada […]
Eurozone Growth Prediction Increased
Projections for growth in the Eurozone suggest that it will hit the level seen prior to the Global Financial Crisis for the first time since the storm clouds gathered in 2007. Current ECB projections expect growth in the 19 nations which use the single currency to come in at 2.2% for 2017; this is a […]
Tech Stocks Lead US Sectors For 1-Year Momentum
Technology shares have overtaken financial stocks as the top sector performer for the trailing one-year period, based on a set of ETFs. The formerly high-flying financials have been clobbered recently, in part due to worries that falling bond yields and the blowback due to hurricanes striking the US will take a bite out of earnings […]
