Weekly Market Outlook – Will Overhead Hurdles Constrain? Despite Thursday’s severe drubbing (the potential beginning of a bigger meltdown), stocks finished the week on a very bullish note, gaining more than 2.0% on Friday. That was enough to put the market back in the black for the week, even if just barely. The strong finish…
I’ve heard a bit in the news lately about reverse mortgages, so I thought it might be worthwhile to explain what a reverse mortgage is and how it works as it’s a confusing topic for many. What Is A Reverse Mortgage In simple terms, a reverse mortgage is a way in which you can access…
U.S. labor market continued its strong performance as there was an addition of 211,000 new jobs during November, while the U.S. stock market reacted to the jobs report positively.The data released by the Department of Labor showed that even though the Nonfarm Payrolls (NFP) data were not as strong as the previous month, they exceeded…
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 +0.20%) are up +0.14% after Friday’s stronger-than-expected U.S. Nov non-farm payrolls boosted confidence that the economy is strong enough to handle an expected interest rate increase at next week’s FOMC meeting. Stock index futures fell back from their best levels as energy producers declined after the price of…
Monday: October’s Industrial Production data will be released in Germany, with analysts expecting a 0.8% Month over Month expansion, following a -1.1% contraction recorded in Sept. Tuesday: The Final estimate for Gross Domestic Product in Q3 will be released in Japan, followed by the country’s October Balance of Payments data. In the U.K., October’s Industrial Production data will see light. Analysts expect…
With Draghi’s Friday comments, which as we noted previously were meant solely to push markets higher, taking place after both Europe and Asia closed for the week, today has been a session of catch up for both Asian and Europe, with Japan and China up 1% and 0.3% respectively, and Europe surging 1.4%, pushing government…
Trading opportunities for currency pair: Draghi flipped the dollar pairs. Bull divergence has formed on the daily and there’s a hammer on the weekly. If the sellers don’t manage to make ground this week, the rate will shift back to 1.5310 as part of a correction. The target is 1.4560. There’s no avoiding the correction at…
I have been writing about VIX ETPs since the launch of the initial duo of VXX and VXZ back in January 2009 and from 2010 onward I have been plotting all of them on a leverage/maturity grid like the one below. It is amazing how often various VIX ETP investors mentioned one of these charts when I talk to them. Even…
Yield-sensitive assets in foreign markets topped last week’s performance ledger for the major asset classes via a set of proxy ETFs. iShares International High Yield Bond (HYXU) secured the top spot for the five trading days through Dec. 4 with a strong 2.8% total return. Following up in 2nd and 3rd place: foreign real estate (VNQI) and…
Yield-sensitive assets in foreign markets topped last week’s performance ledger for the major asset classes via a set of proxy ETFs. iShares International High Yield Bond (HYXU) secured the top spot for the five trading days through Dec. 4 with a strong 2.8% total return. Following up in 2nd and 3rd place: foreign real estate (VNQI) and…
