T2108 Update – A 5-Day Backup Under All-Time Highs For The S&P 500
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on […]
Apple Supplier Foxconn Said To Evaluate Moving Iphone Production To U.S.
Apple suppliers Foxconn and Pegatron may be looking into relocating their manufacturing operations for the iPhone from China to the U.S. The news comes on the heels of concerns that when Donald Trumps gets into the White House, he may start pushing Apple to start producing at least a certain number of components for the iPhone in […]
Bull Of The Day: New Oriental Education & Technology (EDU)
China’s largest private education provider delivered another strong quarter. Analysts have been raising their price and earnings estimates after solid results, sending the stock back to a Zacks rank #1 (Strong Buy). About the Company Founded in 1993, New Oriental Education & Technology Group Inc. (EDU) is the largest provider of private educational services in China with […]
Yellen Inspires US Dollar To Push Higher, Hit 13-Year High
The US Dollar traded broadly higher in overnight trade, rising alongside front-end US Treasury bond yields as Asian markets took their chance to price in yesterday’s comments from Fed Chair Janet Yellen. The central bank chief seemed to concur with investors’ thinking on the implications of a fiscal stimulus boost championed by President-elect Trump, saying such a move “could have […]
Black Friday: The Holiday Surge In U.S. Consumer Debt And Spending
Next week, Black Friday and Cyber Monday will kick off the start to the U.S. holiday shopping season, during which consumers are expected to spend a total of $655.8 billion this year. With the average bill coming in at $938.50 for holiday spending, where are people finding the extra cash? We looked back at the […]
Euro In Historic Slide As Dollar Surge, Bond Rout Continues
It has been more of the same this morning as the dollar extended its advance on the still undeteremined Trump reflationary policy measures after Yellen signaled an interest-rate hike could be imminent, while bond yields around the globe rose again, metals declined, European stocks advanced and futures were modestly in the red just shy of […]
US Business Cycle Risk Report – Nov. 18
Recession risk in the US remains low in the wake of several upbeat economic. Retail sales and residential housing construction in particular posted firmer numbers for October. Industrial output was flat last month, but the mildly negative annual trend continues to move closer to zero, driven by modest growth in the manufacturing sector. Meanwhile, the labor market still looks poised to […]
Volkswagen To Cut Up To 30,000 Jobs, Reducing Headcount By 5%, Bloomberg Says
Volkswagen has reached a deal to cut up to 30,000 jobs from its workforce, or nearly 5% of its headcount, Bloomberg reports, citing comments from VW brand Chief Herbert Diess at a press conference in Wolfsburg. The headcount reduction will come through attrition, and the automaker also agreed to refrain from forced layoffs until 2025. […]
USD/JPY And AUD/USD Forecast – Friday, Nov. 18
Video length: 00:01:19 USD/JPY The US dollar broke higher against the Japanese yen during most of the Thursday session, and it’s only quite remarkable: tested the 110 level after forming a shooting star the previous day. This is a very strong sign, and as a result I believe that we are going to break out […]
Revaluation Of The Dollar Continues
Since the US election, the dollar has been on a tear. Pullbacks have been brief and shallow. There are powerful trends in place. The euro has fallen nearly five percent over the past ten sessions, during which it is not closed higher once. The dollar rose four days this week against the yen and four […]
