Wage Inflation “Remained Subdued” Why does the stock market care about wages? If our paychecks get bigger, we have more money to spend. If we have more money to spend, that adds to demand pressure in the supply-and-demand balance. Increasing demand for goods and services can lead to higher prices for those good and services….
The Upside of Error and Misfortune We are here in Lower Manhattan. It does not seem much like an “urban jungle.” It is too cold and rainy. After a brief excursion outside, you have to warm yourself by an artificial fire, with a coffee. Or, after 7 p.m., with a glass of Jameson. Then the…
Biogen Idec (BIIB) reported on December 2, 2014 that it had achieved positive results in an early study in patients with Alzheimer’s. Alzheimer’s is a brain deterioration in mental status that progressively gets worse over time. Alzheimer’s affects memory, behavior, and thinking which can severely impact a patient’s life. Biogen Idec had started a study…
If the good Doctor does not do at the noted support level, it is going to die below it… or at least target 1.50/lb.
The final month of the year is upon us and many ETF investors are likely considering making changes to their holdings as a result of annual rebalancing, required minimum distributions, or a change in their investment profile. These rituals can be an important step in ensuring you stay within your asset allocation targets and give…
Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than…
An utter VIXnado (below 12.25 in the last 30 mins) sparked a late-day buying panic in stocks ahead of tomorrow’s all-hopeful ECB meeting (because nothing makes more sense than lifting all protection ahead of a potentially massive market event) although the last few minutes closed weak. On the day high beta Trannies (despite higher oil)…
U.S. banks are starting to look a lot better as the risk of yet another economic slump has gradually abated and the ability to endure pressures from the operating environment has improved. Adding to these are the tailwinds from sustained GDP growth and reduction in unemployment. Further, although the prevailing low interest rate environment curbs…
MOJO Wave Theory is a great demonstration and lesson on how to Day Trade the opening of the stock market. Most traders will tell you not to trade the open and to wait, but this video shows you otherwise. Video length 00:12:09
Gold and silver were treading water most of the day, holding their levels at key support and resistance, within the continuing chart patterns of lower highs and lower lows. It will take a breakout to change this long bear market. That sharp V bottom and recovery we just saw *might* be bottom with a capitulation,…
