The gap down had set up for a big bearish move lower, but the collapse never appeared. Instead, lows held as support. On the flip side, an attempt at a rally couldn’t get off the ground, but markets were able to do enough to register a close above the open. The S&P closed with a…
The gap down had set up for a big bearish move lower, but the collapse never appeared. Instead, lows held as support. On the flip side, an attempt at a rally couldn’t get off the ground, but markets were able to do enough to register a close above the open. The S&P closed with a…
Several weeks ago, a comment provider ripped into me for being a left-wing nut job. What did I do to draw his ire?I explained that the tapering of QE3 and the 0.25% rate hike bump – modest stimulus removal efforts on the surface – adversely impacted everything from currencies to commodities, sovereign credit to corporate credit, equity…
Here are the possible outcomes for the current ’rounded bottom’ for spot gold. If it has a retracement that successfully returns to set a new high for this leg of the market we will have a successful handle and the formation is activated. However, it is also possible that there will be little to no…
Clorox (CLX) has increased its dividend for nearly 40 straight years and owns some of the most well-known and recession-resistant consumer brands in the country. The company is a fraction of the size of P&G (PG) and has numerous growth opportunities to pursue over the coming years. While the stock might not be a bargain…
“Davidson” submits: Light Weight Vehicle Sales, Help Wanted Online, Household Employment, US Real GDP and PCE Trimmed Mean Inflation were reported this week. All continue to signal economic expansion. Yet, fears of major bankruptcies in the energy sector, collapse of oil based economies and even rampant fear of European bank failures early this week were…
Global equity market investors have lost a stunning $16.5 trillion of their newfound CB-fueled “wealth” in the last six months. This has erased half of the gains from the 2011 lows (but of course leaves all the debt created still in place). However, what is perhaps more troubling given the unprecedented money-printing since the last crisis peak,…
The Coca-Cola Company (KO) is the world’s largest beverage company and is the leading producer and marketer of soft drinks. Along with Coca-Cola, recognized as the world’s best-known brand, The Coca-Cola Company markets four of the world’s top five soft drink brands, including diet Coke, Fanta and Sprite. Through the world’s largest distribution system, consumers…
Back in 2011, the market was eagerly waiting for gold to exceed the $2,000 level. Everyone viewed it as a certainty at the time. Yet, we suggested that it was time to sell once we struck the $1,915 level, with the market topping out only 6 dollars higher. Now in 2016, the great majority of…
The Peter Peterson gang has been hard at work lately trying to get people worried about the budget deficit. After all, with interest payments on the debt as a share of GDP at a post-war low and an interest rate on long-term Treasury bonds of almost 2.0 percent, things look pretty bleak. (That’s sarcasm.) But…
