Jeffrey Gundlach is speculating that the Fed might not raise rates next week because the markets are failing and the economy is weakening. While I tend to agree with him on the economy, and am revolted by those leaning so heavily on the unemployment percentage while ignoring so much other data, as noted in this intraday…
Everyone – from the suits on Wall Street and the pundits on television to individual retail investors – is talking about the U.S. Federal Reserve raising interest rates for the first time since 2006 – and what’s going to happen to stocks, bonds, and commodities here in the United States. There’s a lot of noise out there, and it’s…
First time claims for unemployment compensation continued their string of record lows for the same week of the year but the improvement in the weekly number slowed radically last week in what could be the first sign of trend change. The actual number, not subject to any seasonal hocus pocus was 384,481. That was 2,668 claims per million…
With sadly ironic timing, we noted just last week that the blowback from “unequivocally good” low oil prices was set to cross the border from an increasingly suicidal Canada, and so, as AP reports, it appears Alaska is facing the toughest of times. As oil prices make new cycle lows, Alaska Gov. Bill Walker has called for the state’s first…
The CAC40 Index is trading slightly higher on the day, up .85%. However, prices still remain capped underneath a developing bearish trendline. The trendline depicted above, has been drawn on a Heinkin Ashi chart, by connecting a series of wicks which represent lower highs for the CAC40. Traders looking to sell the Index in its…
Here’s one for the “actions speak louder than words” file: Massive insider selling spurs stock market concerns (CNBC) – Corporate insiders have been selling their shares at near-record levels, and according to some, this could be a sign for outside investors to start selling as well. Investment research firm TrimTabs reported on Wednesday that insider…
Today, a number of media outlets have been discussing the disappearing middle class. The report was released by the Pew Research Center and notes, in 2015 21% of households comprise the top two income tiers, with Pew defining as more than twice the nation’s median income or at least $126,000 a year for a three-person household, which…
Yesterday, global Internet provider Yahoo (YHOO – Analyst Report) scrapped its year-long plan to spin-off its $32 billion stake in the Chinese e-commerce giant Alibaba Group (BABA – Analyst Report). The move came amid shareholder concerns that the transaction will result in a huge tax bill. Now, the company is evaluating options to spin-off its core Internet business and…
Moments ago, we learned courtesy of the head of Mutual Fund Research at Morningstar, Russ Kinnel, that the next leg of the junk bond crisis has officially arrived, after Third Avenue announced it has blocked investor redemptions from its high yield-heavy Focused Credit Fund, which according to the company has entered a “Plan of Liquidation”…
Yesterday, we got so much mail on our recent issue on Donald Trump we couldn’t read it all. Pro… con… off the wall – readers’ sentiments were all over the place. But a clever reader mercifully brought the discussion to an end with this quote from fellow Baltimorean H.L. Mencken: As democracy is perfected, the office of the President…
