The strong earnings report from AutoZone (AZO – Analyst Report) started the Q4 earnings season for us, though we are still a few weeks away from the from the earnings season taking the spotlight. Companies with fiscal quarters ending in November are reporting these days and all of these get counted as part of the Q4 earnings tally. We…
EUR/USD The EUR/USD pair had a very positive week, but as you can see struggled at the 1.25 level yet again. Because of this, I think we’re going to continue to see bearish pressure every time it reaches area. Ultimately, I think that we need to break above the 1.30 level in order to start buying with…
Since oil prices peaked in June this year, there is one clear loser (according to the narrative) – Russia. Russian stocks have dropped 41% during that time and the entire Russian market capitalization is now only 60% of Apple! (AAPL) And while Greece’s recent demise has it close to being the worst performer of the year, it’s not…
While gold is choppy, it should rise up to its normal seasonal turning point. From there, it appears that gold will turn back down moving into the benchmark targets outlined in the report. The first resistance that must be overcome to hint that the seasonal bounce is unfolding requires a daily closing ABOVE 1256. That…
Find out how to practice the skills of strategic thinking, whether you’re playing chess, managing your portfolio, or running a company. (Audio Length: 00:07:54)
by L. Randall Wray Here’s a summary of the plan Bernie Sanders has set out, along with my comments (in italics). 1.) We need a major investment to rebuild our crumbling infrastructure. $1 trillion investment to create 13 million decent paying jobs and make this country more efficient and productive. Agreed, but let’s not settle…
Sometimes a dominant story continues from one week to the next. Crashing energy prices and continued selling of any related stock seems to have spilled over into the rest of the market. There will also be a Fed meeting with new projections and a press conference. Will crashing energy prices change the Fed’s course? Prior…
If Mario Draghi was lacking ammunition to initiate an outright quantitative easing program in the Eurozone, he certainly has it now. Even the staunchest opponents will have a tough time arguing against the need for a more aggressive approach to monetary easing. Here are five reasons: 1. The take-up on ECB’s TLTRO offering (see post) fell…
It’s a holiday miracle: give the worst creditors access to cheap money for longer-and-longer terms and hey presto, ‘expensive’ stuff is available to everyone. Retail sales modestly beat expectations in November (+0.7% vs +0.6% expectations) despite the NRF previously reporting the worst extended Thanksgiving shopping weekend since Lehman which surely got lost in the Arima-X-12…
With the market looking wobbly this December, the need to get paid in cold, hard cash has never been more apparent. If you are already in retirement, selling portfolio positions in a declining market to meet your living expenses is, for lack of better word, scary. Living off of dividend and interest income makes for…
