Unemployment Claims During the day on Thursday, we have several announcements coming out that can move the marketplace, such as the Retail Sales numbers coming out of London, the unemployment Claims number coming out of America, and of course the Monetary Policy Saving coming out of Tokyo. Because of this, we think that there will…
As many predicted, this was announced during the Fed meeting today. After all the anticipation, the Fed increased its target rate by a quarter of a percentage point (0.25%). So how will it affect investors? The Fed’s December rate hike signaled the central bank’s confidence in the U.S. economy. After reviewing its key economic indicators, including unemployment, inflation,…
By early 2007, homeowners in the United States were already in trouble. Many were having serious problems making their mortgage payments. But former Federal Reserve Chair Ben Bernanke downplayed the risks. On March 28, 2007, he reassured Congress, “The impact on the broader economy and financial markets of the problems in the subprime [mortgage] market…
We know this is true, girls just want some fun. Cyndi Lauper had it right. But what does the new cabal of economists want? Seems like there is a not so secret cabal of them, maybe lead by Scott Sumner, and they come from the University of Chicago, or have friends from there, and study…
What else is there to say… Despite an initial disappointment in stocks, once Janet started speaking, traders started panic-buying… coz everything is awesome… But notice that stocks extended gains and EURUSD tumbled (USD bid) as Yellen answered a question confirming the “soundness” of the financial system despite credit concerns… Best 3 days since October… Panic-Buying…
What else is there to say… Despite an initial disappointment in stocks, once Janet started speaking, traders started panic-buying… coz everything is awesome… But notice that stocks extended gains and EURUSD tumbled (USD bid) as Yellen answered a question confirming the “soundness” of the financial system despite credit concerns… Best 3 days since October… Panic-Buying…
The Chart of the Day belongs to Smith & Wesson (NASDAQ: SWHC). I found the weapons manufacturing stock by using Barchart to sort the Russell 3000 Index stocks first by the highest number of new highs in the last 20 trading session then again for technical buy signals of 80% or more. Not only is there inventory flying off the shelf but…
The 2011 market meme is still going strong. It has reached a point where the similarities between the current market and 2011 must now break if this is indeed a bear market. Especially worrisome for bears is that this looks more and more like a right on time 4 year cycle low.
Termination of Electrolux Transaction Recently, General Electric (NYSE:GE) announced it had decided to terminate its proposed sale of its Appliances division to Swedish company Electrolux (OTC:ELUXF) for $3.3 billion. After announcing the proposed sale in 2014, the Justice Department had sued to stop it on the basis that the sale would translate into too little…
FedEx Corporation’s (FDX – Analyst Report) second-quarter fiscal 2016 (ended Nov 30, 2015) earnings per share (on an adjusted basis) of $2.58 beat the Zacks Consensus Estimate of $2.51. A strong holiday season owing to the e-commerce boom drove the earnings beat. Earnings also increased 19.4% year over year. A lower tax rate also boosted earnings. Including…
