Companies Lose Billions On Stock Buybacks I recently wrote an article about why “Benchmarking Your Portfolio Is A Losing Bet.” In that missive, I discussed all the things that benefit a mathematically calculated index versus what happens in an actual portfolio of securities. One of those issues was the impact of share buybacks: “The reality is that…
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The conundrum that everyone is wrestling with is the euro and yen’s strength given their negative interest rates and prospect for even lower interest rates. The divergence of monetary policy, even if the Fed is on hold for the rest of this year and next, should be dollar-positive. We have tried making sense of what is happening…
V.F. Corporation (VFC) has been in business for more than 115 years and owns some of the most famous consumer apparel brands in the world (e.g. The North Face, Vans, Wrangler, Lee, etc.). Unseasonably warm winter weather, sluggish retail spending, unfavorable currency fluctuations, and several other transient factors have caused this dividend aristocrat to tumble…
The US stock market must hold this level or a bear cycle begins (and SPX for instance, would target 1500 to 1560). Here are the futures for the US stock market headliners (i.e. the indexes most people look at).They are now at flimsy but ultra critical support. Of course, the broader stock market has long-since…
WTI Crude Oil prices could target $26 – $25.5. OPEC report paints a grim picture. The rally in Oil prices last week were short lived as WTI Crude Oil broke the crucial 30 – 29.5 support level, which marked the head and shoulders pattern off the 4-hour chart time frame. Fundamentally, Oil prices remain bearish…
Weekly Initial Unemployment Claims The market (from Bloomberg) was expecting the weekly initial unemployment claims at 272 K to 290 K (consensus 281,000) vs the 269,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 284,750 (reported last…
Hot stock of the day: SPY Video length: 00:05:44
The Power of the Pattern would describe a bull trend, based upon a series of higher lows and higher highs. Using this definition, the broadest of indices in the states, are “breaking 5-year rising trends!” This could break the heart of the bulls. This 2-pack reflects that these two broad markets are breaking below “Weekly Closing”…
Here is this morning’s market update from JPM’s Adam Crisafulli It’s hard to imagine an uglier morning. The two things markets hate most right now (neg. central bank rates and bad bank headlines) occurred overnight as the Riksbank dropped its rate further into neg. territory and SocGen put up bad earnings/guidance. The combination of those…
