When the mood got sour in markets this week, the yen had the starkest response, breaking the BOJ’s “line in the sand” and continuing on and on. And what about the euro? It certainly lagged behind, getting stuck at resistance at 1.1215. It had the ECB in mind: Mario Draghi promised action in March and this seemed to…
New York-based Omnicom Group Inc. (OMC – Analyst Report) is one of the largest advertising, marketing and corporate communications companies in the world. OMC is expanding its global footprint and is moving into new service areas by leveraging its digital and analytical capabilities and partnering with innovative technology firms in key markets. However, OMC forms an integral part…
The market acts like it isn’t sure what to do with itself. The market rallied off the lows this morning immediately following the market’s open, but since then it has given back those gains and momentum and now is just floundering around. Up? Down? Who freakin’ knows. Buyers and sellers aren’t overly inspired except for…
Gold is on the move. As stocks are selling off big time, the gold market is the big beneficiary with a significant inflow of capital. Is that any coincidence? No, it is not, because the gold market was deeply oversold. Next to that, and perhaps more importantly, sentiment hit rock bottom levels. When everybody and…
WTI Crude Oil The WTI Crude Oil markets fell during the course of the day on Monday, testing the $30 level yet again. It looks as if we are trying to break down to lower levels, perhaps reaching towards the $20 handle. Ultimately, any rally at this point in time should be sold, and it…
Precious metals have risen sharply in recent days as investors looked for alternatives to the stock market and U.S. dollar. Both gold and silver pushed through important technical resistance levels. Metals bulls hope to see markets enter a virtuous cycle; improving charts followed by more speculative long interest leading to improved charts. There is some…
I had the pleasure of appearing on Fox News last Sunday with Mike Fannery. The discussion involved the sugar lobby, politics regarding presidential candidate Marco Rubio, my recent recession call, jobs, and Chicago manufacturing. That’s quite a bit in one five minute segment. Here is the video clip. Video Length: 00:05:32 Link if video does…
Ever bought medicines or cosmetics over the counter? Yes, then you may have walked into one of the 7,700 retail CVS/pharmacy stores of the largest pharmacy healthcare services provider in the U.S. – CVS Health Corporation (CVS – Analyst Report). This Rhode Island-based company’s more than 900 walk-in medical clinics-CVS/MinuteClinic currently possess a customer satisfaction rate of…
Portugal’s 10-year bond yield has almost 120 bp this year. It is one of the few eurozone members that still pay to borrow two-year money. There are two set of drivers. One set is country specific. These may matter only to current or prospective investors. The other set of considerations may have broader applicability. This…
Photo Credit:Mike Mozart Panera Bread Co. (PNRA) Consumer Discretionary – Hotels, Restaurants & Leisure | Reports February 9, After Market Closes Fast casual chain, Panera is scheduled report fourth quarter earnings February 9, after the market closes. Panera has long been a fan favorite amongst customers for its devotion to high quality ingredients and customer service….
