The Federal Reserve’s Federal Open Market Committee will kick off its December meeting Tuesday. Most pundits seem to think the Fed will raise the benchmark short-term interest rate from near zero to 0.25 on Wednesday. But many economists agree with Peter Schiff that even if the Fed ticks the rate up this week, it won’t…
Let’s talk about what to watch out for this week…and where it may be leading!
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The British Pound was little changed versus the US Dollar (at the time this report was written) after the UK’s Consumer Price Index (CPI) rose above negative territory for the first time in four months. The figures came generally in line with expectations, with the headline reading printing an annual rise of 0.1% percent, as expected, which was above the October negative -0.1%…
Dr. Copper and Captain Crude are in significant disagreement over the state of the world… or it is just algos gone wild once again? Crude jumps back above $37 for no good reason whatsoever in the face of a surging dollar. Copper plunges to one-week lows.
First things first, with the Fed interest rate decision out on Wednesday, this week is anything but normal. With that said, this week is also option expiration week (OpEx). We’ve noted before that this week tends to have an upward bias, but some of the largest weekly drops also tend to happen this week. In…
Photo Credit: erikleenaars FedEx (FDX) – Industrials – Air Freight & Logistics | Reports December 16, before market open Key Takeaways A not so happy holiday season will lead to late deliveries, again $1.6 billion capex into fastest growing segment: FedEx Ground Energy sector has been falling, fuel prices are low, but FedEx shares are still tumbling…
Nick discusses the impact of negative interest rates on the Canadian economy and the gold price. Video length 00:05:32.
Empire State Manufacturing Employment and Workweek Worst Since 2009 As expected, the Empire State Manufacturing Index is in contraction for the fifth consecutive month. Employment and workweek both collapsed. Economists pretty much got the index correct with a Consensus Estimate of -7.00 vs. the actual reading of -4.59. Factory activity continues to contract in the New York…
Today is wanted to find 5 great mid cap momentum stocks so I used Barchart to sort the S&P 400 Mid Cap Index stocks for the highest technical buy signals then used the Flipchart feature to review the charts. The stock making the cut were Sovran Self Storage (NYSE:SSS), Mid-America Apartment Communities (NYSE:MAA), Granite Construction (NYSE:GVA), Extra Space Storage (NYSE:EXR) and Charles River Laboratories (NYSE:CRL). Sovran…
