Why do so many star athletes end up going bankrupt? Rather than building a low-cost, tax-efficient, diversified portfolio of stocks and bonds that could help generate significant income and compounded wealth over the long-term (yawn…boring), many investors succumb to the allure of over-exposing themselves to costly, illiquid, tangible assets, while assuming disproportionate risk….
EUR/USD The EUR/USD pair initially rose during the course of the week, but struggled at the 1.15 handle. It’s not a huge surprise, it is at the top of the ascending triangle that we have been dealing with lately. However, we did end up forming a hammer on Friday, so I believe that the Euro…
We look at the speculative positioning in the futures market as a proxy for short-term trend and momentum participants. We are interested in gross positioning more than net because it reveals more insight into exposures. It is also more true to our experience that differentiates buying to go long and buying to cover shorts, for…
The largest U.S. health insurer UnitedHealth Group (UNH – Analyst Report) reported solid third-quarter 2015 results. The company continued its long streak of earnings beat and topped on the top line once again. Earnings per share came in at $1.65, above the Zacks Consensus Estimate by 2 cents and 1.2% higher than the year-ago earnings….
Photo Credit: takomabibelot I have my list of concerns for the economy and the markets: Unexpected Global Macroeconomic Surprises, including more from China Student Loans, Agricultural Loans, Auto Loans — too much Exchange Traded Products — the tail is wagging the dog in some places, and ETPs are very liquid, but at a cost of…
At the upcoming meeting of the European Central Bank on October 22 in Malta, Mario Draghi, the ECB president, is expected to signal further monetary easing by the central bank. After gaining ground the previous two weeks, the euro ended the week lower amid concerns that an interest rate hike by the Fed was not…
Mitsui & Co Precious Metals Inc (MITSY) is closing down its NY and London operations as losses mount. In New York, their operation was rather small with about 30 people and their annual revenues was a little over $3 million. The company was formed only in 2005 and has not handled the bear market since…
Mitsui & Co Precious Metals Inc (MITSY) is closing down its NY and London operations as losses mount. In New York, their operation was rather small with about 30 people and their annual revenues was a little over $3 million. The company was formed only in 2005 and has not handled the bear market since…
“It’s not the economy… it’s the dollar” – That would appear to be the message from the companies of the S&P 500 (SPY) who have reported in Q3. As FactSet reports, 18 of the 23 companies reporting so far have cited “the strong dollar” as having a negative impact on earnings. Not record domestic inventories…
by Timothy Taylor, Conversable Economist Major exchange rates for countries around the world are in the midst of movement that is large by historical standards. The International Monetary Fund offers some background in its October 2015 World Economic Outlook report, specifically in Chapter 3: “Exchange Rates and Trade Flows: Disconnected?” The main focus of the…
