EUR/AUD Gaps Into Resistance- Pullback To Offer Opportunity
EUR/AUD Daily Technical Outlook: EUR/AUD gaped into a key resistance confluence on Sunday at 1.4430– this region is defined by the 100% extension of the February advance & the upper median-line parallel. Although our broader outlook remains weighted to the topside, the immediate advance is at risk near-term while below this threshold. Interim support rests at the 1.43-handle […]
Changes In Labor Force Participation
from the Atlanta Fed — this post authored by John Robertson In the aftermath of the Great Recession, labor force attachment declined. However, that pattern has been reversing itself lately. In particular, the labor force participation rate (LFPR) of the prime-age (25 to 54 years old) population, the core segment of the workforce, has been […]
Rokmaster Zips Into Zinc
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. In another universe far far away Rokmaster Resources had a gold/copper project in Peru. The market blew up, they blew up but they came back to life in November of 2016 when they did a deal […]
Larger Trading Ranges Take More Time To Break
The nice move up in US markets is not impressing Doc. Along with the big move down in the VIX we think there could be an opportunity to go long the VIX but again shorting these markets has been tough. We also look at the gold move down and the fact that the PMs remain in […]
Sally Beauty Slides After Downgrade As KeyBanc Sees ‘Hairy’ Retail Story
Shares of Sally Beauty Holdings (SBH), a provider of beauty supplies, dropped in morning trading after the stock was downgraded by an analyst at KeyBanc, who has concerns over management’s operational plans. ANALYST DOWNGRADE: KeyBanc analyst Jason Gere cut his rating on Sally Beauty to Sector Weight from Overweight, calling the company’s retail story “hairy” […]
Double Data Disappointment Today Follows Worst Macro Week In 6 Years
Following the worst week for US macro data in six years, The Chicago Fed (National Activity) and now The Dallas Fed (regional) have both disappointed and fallen this morning. It was a rough week for ‘hope’ last week… And this week has not started well… March Chicago Fed national activity index printed 0.08 versus an estimated 0.50 (range […]
Putting Pro-Innovation Bias On The Blockchain
Blockchain Bias Over the past couple of years I’ve spent a lot of time listening to people wittering on about “the blockchain”. They’ve claimed it can solve a plethora of society’s ills – everything from the elimination of poverty to the overthrow of fiat currencies and the nation state. Being charitable this is evidence of pro-innovation […]
4 Top-Ranked Goldman Sachs Mutual Funds To Consider
Incepted in 1988, Goldman Sachs Asset Management (GSAM) offers financial services including investment and advisory solutions and risk management expertise to institutional and individual investors throughout the globe. With more than $1 trillion assets under management, GSAM is considered one of the world’s leading financial management companies. GSAM prides itself in having more than 2,000 […]
April 2017 Texas Manufacturing Survey Continues To Expand
Of the three Federal Reserve districts which have released their April manufacturing surveys – all are in expansion. A complete summary follows. Analyst Opinion of Dallas Fed Manufacturing Survey Remember that last month, the hard data said manufacturing declined whilst the Fed surveys showed growth. This survey declined but remained in positive territory with both […]
