In several prior articles, we have explored US stock market breadth as one component of overall market condition and adverse implications for future market direction ( Dec 14, Nov 23, Sep 28, Aug 11, July 30, and times in between). The breadth observations are not stand alone indicators, and other factors should be taken into consideration (such as the currently…
Few technologies have analysts’ opinion divided quite like self-driving car technology is doing right now. On one hand, some analysts hail the technology as the next big thing while others such as Citron Research have been dismissing it as just another big hype a la 3D Printing technology. But whereas only time will tell whether or not self-driving cars…
It’s been another booming year for Amazon.com, Inc. (NASDAQ:AMZN), which has more than doubled its value, year-to-date. Many attribute the company’s growth to the rise of Amazon Web Services, or AWS. Though it’s easy to make a profit on a stock that keeps soaring, TipRanks tells us which five analysts recommended the company at the most opportune times….
Following a brief dead-cat-bounce into The Fed’s policy error, high-yield bonds are once again being sold for the 3rd day in a row, filling the gap-up from last week. This reality – among others – is weighing on US equities as The S&P just gave up all its Monday morning “stocks are up and they should be” gains….
POITOU – It doesn’t look as though investors will get much Christmas cheer in their stockings this year. Last Wednesday, the Fed raised interest rates – as expected – by a token amount… At first, there was a little rally in stocks. But in the two trading days since, the Dow lost 621 points. Trading…
The economy’s growth declined marginally based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average – and remains below the historical trend rate of growth (but still well above levels associated with recessions). The three month moving average of the Chicago Fed National Activity Index (CFNAI) which provides a summary quantitative…
The best sector across ADRs is services. The top regions are MENA, U.K./Ireland, & North America. The average score across our universe of 306 ADRs is 44.31 and that’s above both the four and eight week average score of 42.95 and 43.29, respectively. The average ADR is trading -29.67% below its 52 week high, -8.58%…
When decrying the state of monetary policy that relies on essentially a “dead” money market, what does that actually mean? The FOMC, after all, is using the federal funds rate to “tighten”, ostensibly, even though there isn’t anybody there. They have developed other tools to go along with the federal funds rate, but all that…
Qihoo, a Beijing-based developer of security software and Internet browsers, announced on Friday that it will go private in a deal worth $9.3 billion. As Reuters notes, this makes Qihoo the latest in a growing list of U.S.-listed Chinese tech firms that have decided to go private. Qihoo held its initial public offering on NASDAQ in March 2011 as…
The U.S. economy is largely healed and ready to accelerate in 2016. The message was loud and clear, when the Federal Reserve raised the interest rate for the first time in nearly a decade by a quarter percentage point to 0.25–0.50%. This marked the end of the accommodative monetary policy undertaken when the economy slipped…
