The S&P 500, having broken below its 200-day moving average again… Click on picture to enlarge Has joined The Dow Transports, Dow Industrials, and Russell 2000 (small caps) in negative territory year-to-date… Click on picture to enlarge Charts: Bloomberg
Note: This commentary has been updated to include Nonfarm Employment for July. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general…
I started Early Investing because I believe everyone deserves the right to invest in companies they like, whether they’re public or private. When the JOBS Act of 2012 was signed into law – which will enable everyone to invest in private companies (including high-growth startups) – I thought it might take a year or two…
I’ve been disappointed enough times by precious metals to have developed a distrust of the stuff. As a chartist, I can say that gold certainly seems to be grinding out support, but I just can’t shake the feeling that we won’t really bottom until we push (briefly) below $1,000 per ounce. In any case, the…
Silver is down 7.1% this year. Will this weakness persist? To find out, let’s look at the key factors in the silver market this year. Like gold, silver fell as the US dollar rose on the back of expectations that the Fed will hike rates. World demand for physical silver fell 4% in 2014, largely…
Here we go again. The BLS reports manipulated unemployment figures designed to mislead the ignorant masses about how shitty their lives are. The MSM dutifully reports the lies without digging into the numbers, as their job is to peddle the propaganda and keep the financial ponzi scheme going. You know the economy sucks. You know…
Click on picture to enlarge One rate hike or two? So much of the talk of late is about interest rates moving higher. The talking heads in the media seem convinced that rates are moving much higher. They aren’t talking about one hike, they are talking about two. Maybe the Fed will, who knows… What are billions…
Spot Silver prices are spiking this morning after an initial drop post-payrolls. The 2.9% jump is the biggest daily jump since early May… This is happening as UK’s Royal Mint releases 50,000 new GBP100 silver coins…having previously run out of supply to meet physical demand. Charts: Bloomberg
Activist investor Bill Ackman acquired a 7.5% stake in Mondelez recently as he likely believes that the snacks company may be an attractive takeover target as the food industry goes through a wave of consolidation but that is not the only reason why this Zacks Rank #1 (Strong Buy) stock looks quite appetizing now. About…
Another week of market volatility with no ground gained. It’s enough to give you indigestion. I made an assessment earlier this week in reference to the markets rally attempt stating: “Any rally that occurs over the next few days from the current oversold condition should be used as a “sellable rally” to rebalance portfolios and related risk. (Chart…
