The original article as written by Matthew Tucker (blackrockblog.com) is presented here by the editorial team of munKNEE.com in a slightly edited ([ ]) and/or abridged (…) format to provide a fast and easy read. It’s an investor’s rule of thumb and a rule of life – don’t put all of your eggs in one basket. When it comes…
Twitter sentiment for the S&P 500 Index (SPX) isn’t quite oversold yet. It’s getting close though. It appears to me that we need one more dip in price that carries 7 day momentum below -20 before we get a good counter trend bounce. You can view an interactive daily chart here. Scroll over the lines on…
Photo Credit: Viaggio Routard Expedia Inc. (EXPE) Consumer Discretionary – Internet & Catalog Retail| Reports February 10, After Market Closes Expedia (EXPE) is expected to close an impressive 2015 when it reports fourth quarter earnings February 10. Last year shares soared, finishing up 45% thanks to improved earnings, continued acquisitions and consolidation in the industry. This quarter,…
UK industrial production data from today has shown a December fall by 1.1% MoM after a 0.8% fall in November. The indicator is down 0.4% YoY, whilst it was expected to fall by 0.2% MoM and grow 1% YoY. The fall in industrial production was mostly provoked by a fall in production on part of…
A reader emailed me yesterday to tell me that while visiting his daughter at a college in North Carolina, he refilled his rental car with gas for $1.39 a gallon. So I got the idea that something really big is going on here that no one is yet seeing. I processed the possibilities in my…
Shares of the world’s largest business review site Yelp (NYSE:YELP) were down sharply, falling by 10% in aftermarket trade after the company delivered a healthy Q4 2015 earnings beat but failed to impress on one key profitability metric: EBITDA. Yelp reported fourth quarter revenue of $153.7M, good for 39.9% Y/Y growth and $1.3M better than the consensus on Wall Street while…
Gold News Whereas the S&P 500 has declined almost 6% for the year, the price of gold is up almost 6% this year. Bloomberg explains that gold ETFs were down 34% for the past 2 years, a trend that has been reversing. Since the start of 2016, $1.8 billion dollars have flowed into gold ETFs,…
In his inaugural Gold Videocast for SchiffGold a few weeks ago, Albert K Lu interviewed Adrian Day, CEO of Adrian Day Asset Management. Day said he believes the gold market is “consolidating, bottoming, and turning around.” The last couple of weeks seem to confirm Day’s insight. Since hitting its low the day after the Federal…
Steen Jakobsen, chief economist and CFO for Saxo bank pinged me this morning with the Bloomberg headline Yellen Signals Rate Path Hinges on Whether Turmoil Persists. Steen suggested the alternative headline “Yellen and Fed in Denial“. I added the word “total”. Key Ideas Yellen expects to raise interest rates Financial conditions less supportive of growth Uncertainty…
Rumors of ECB monetization (which would be highly problematic in the new “bail-in” world) and old news of the emergency debt-buyback plan have sparked an epic ramp in Deutsche Bank’s stock this morning (+11% – the most since Oct 2011). This extreme volatility is, however, eerily reminiscent of 2007/8 when headline hockey sparked pumps and…
