Gains Continue As Yellen Hints At Rate Hike
It is no big secret the Federal Reserve is about to raise rates in December. Odds stand at 96% and the move in yields since Trump’s victory certainly signal the market is anticipating a rate hike. All the while the stock market has pushed higher. Russell 2000 has been up 9 out of the last […]
Chart Of The Day – Semi’s
Warning bells are going off on the semi conductor chart. Price is streched way too far above the 200 day moving average. This is when retail traders became the most complacent and when professional traders became the most nervous.
Crude Oil Prices Drop As Yellen Comments Outweigh OPEC Optimism
Gold prices accelerated downward once again after hawkish comments from Fed Chair Janet Yellen inspired another hawkish shift in the priced-in monetary policy outlook (as expected). The priced-in probability of a rate hike in December now stands at a potent 96 percent and the projected 2017 tightening path is at its steepest in eight months. Not surprisingly, this has […]
S&P 500 And Nasdaq 100 Forecast – Friday, Nov. 18
S&P 500 The S&P 500 rallied during the day on Thursday as we continue to see buyers jump into this market. With this being the case, I think that every time we pullback you have to start thinking about going long as we are pressing up against a significant high as the 2200 level. If […]
The Bear’s Lair: The Years Of Fiscal Profligacy
The IMF last week released figures showing that word debt had reached $152 trillion, a record 225% of world GDP. Even though governments’ borrowing costs are ultra-low, budget deficits in the U.S. Britain and Japan are running at extraordinarily high levels, yet all the chatter is about ways to increase them rather than rein them […]
Stocks Pop Higher As U.S., U.K. Inflation Pose Gains
The big data points of the morning have been inflationary prints out of the U.S. and the U.K; with both showing gains compared to prior prints. Inflation for the month of September in the United States printed at 1.5% versus last month’s 1.1% number; core inflation came in at 2.2%, a bit below the expectation which was […]
Saudi Arabia Launches Sale Of 5, 10 And 30 Year Bonds, Seeks To Raise Up To $15 Billion
Saudi Arabia has officially launched its much anticipated, first international bond sale on Wednesday, as the kingdom turns to debt markets to help ease a fiscal squeeze from the two-year slump in oil prices, which has slammed not only the country’s economy, leading to a period of unprecedented austerity resulting in widespread job cuts and […]
UK & US Inflation Data To Shed Light On Fed’s Decisions
After a slow trading day on Monday due to lack of fundamentals across the board, Tuesday comes with many key economic releases for two central banks, which set to have a notable impact on the markets. Eyes turn to the UK and the US inflation data, which may give us more clues about their upcoming […]
Jefferies Sees ‘Attractive Buying Opportunities’ In Biotech
The Jefferies Biotechnology team sees “attractive buying opportunities” amidst the pre-election weakness. While volatility will likely continue into the election, valuation multiples are near-historic lows and policy concerns, while valid, are likely overstated, the analysts tell investors in a research note. They recommend using the weakness to buy select names ahead of a potential improvement […]
3 Top-Rated PIMCO Mutual Funds To Buy Now
Pacific Investment Management Company, LLC (commonly known as PIMCO) is an internationally acclaimed investment management firm. The company provides a wide range of financial services in 12 countries with the help of more than 2,200 employees and over 700 professionals. PIMCO offers a broad lineup of investment solutions to its clients that encompass the entire […]
