Will Hurricane Harvey Pinch Upbeat US GDP Forecasts For Q3?
Hurricane Harvey has dealt a devastating blow to the Houston region, which was recently on track to account for 2.4% of the nation’s economy this year. The blowback for the US overall, however, is expected to be mild, more or less leaving the latest estimates for a pickup in economic activity for the third quarter intact, at […]
E Hurricane Harvey Hits Texas Insurers
Harvey is the worst storm to hit the U.S. coastline in over a decade, causing insurance stocks to sell off and creating better buying opportunities. Damage will be extensive due to wind and even more so due to flooding, with over 50 inches of rain expected in some locations. Oil facilities are clearly vulnerable and […]
Morning Call For Tuesday, August 29
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 -0.55%) this morning are down -0.62% at a 1-week low and European stocks are down -1.32% at a 5-3/4 month low as global stocks plunge after North Korea fired a ballistic missile over Japan. The VIX volatility index jumped to a 1-week high and Dec COMEX gold (GCZ17 +0.90%) soared +0.81% to a […]
Pfizer Presents Encouraging Eliquis Results In NVAF Patients
Pfizer Inc (PFE – Free Report) and partner Bristol-Myers Squibb Company (BMY – Free Report) presented findings from a phase IV study on Eliquis, which demonstrated the oral anticoagulation’s potential in achieving and maintaining normal heart rhythm (cardioversion). The study, EMANATE, compared Eliquis with standard-of-care, Heparin, for reducing the occurrence of acute stroke, systemic embolism, major bleeding, clinically relevant non-major […]
Germany & France Send Concerning Message To The States
Could weakness in Europe send a concerning message to stock bulls in the states? Yes they could! Before getting started let me make this clear, stock markets in Germany, France and London remain in long-term up trends. Below looks price patterns that Germany and France are creating since the lows in 2011- Did a major fake […]
‘I’m Worried About Donald Trump’- Global Markets, Analysts React To North Korea
While there’s no way to know, ahead of time, if “this time is different” in terms of whether risk assets will ultimately remain resilient in the face of another serious provocation by the child-king in Pyongyang, it’s safe to say that the commentary feels a bit more alarmist than usual. And that makes sense, because after […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, August 29
WTI Crude Oil The WTI Crude Oil market plunged during the session on Monday in reaction to the storms in Texas. With refineries closing down, there will be even less demand for the role petroleum product, and therefore it’s likely that we will continue to see even more bearish pressure on crude oil. Granted, there […]
Waning U.S. Consumer Confidence To Fuel EUR/USD Resilience
Trading the News: U.S. Consumer Confidence A downtick in the U.S. Consumer Confidence survey may spark fresh 2017-highs in EUR/USD as mixed developments coming out of the real economy dampens bets for an imminent Fed rate-hike. Why Is This Event Important: Narrowing expectations for higher borrowing-costs may continue to dampen the appeal of the U.S. dollar as Fed […]
Discussing Portfolio Management With Two ETF Strategists
Last week on our podcast we had the pleasure of speaking with two exchange traded fund (ETF) strategists live in our studio for the hour—Steve Blumenthal, founder of CMG Capital Management, and Corey Hoffstein, Founder and Chief Investment Officer of Newfound Research. Both Steve and Corey are quantitative investment managers and both incorporate elements of […]
North Korea Turmoil: Europe Tumbles To 6 Month Lows As Euro Surges Above 1.20; VIX, Havens Surge
“Financial markets think the only realistic option for the U.S. and North Korea will be to sit down and talk at some point because other options are too costly for everyone involved. But no one can rule out the risk of accidents. Markets think the chicken game will continue for now and North Korea will […]
