I stopped by Tesla’s (TSLA) Fremont, California factory last week to test drive my new high performance Model X SUV and noticed something interesting. There was major new construction under way in the customer delivery area. That was to be expected, since the company has already announced that they plan to boost production of their…
Shares of Avon Products (AVP) are rising in early trading after the company reached an agreement with Barington Capital. The company also named a former FedEx (FDX) executive to its board. WHAT’S NEW: This morning, beauty products maker Avon said it reached an agreement with an investor group led by Barington Capital in connection with…
You could say the market wears an Easter Bonnet. More accurately, a ‘broadening top’ of significance has been forming for some time now; hence the relatively neutral action in the wake of the push-up after the Fed’s dovish guidance was received in a favorable way. This was solely because it pressed rates even lower, pushing ideas…
Gold closed at its worst week of 2016 last week, which raised worry around the industry. The recent pull back, however, is not likely to last according to Market Expert Todd Gordon. He believes market prices should be bolstered by key technical support, creating an opportunity for investors to buy. Moreover, he believes that inaction from…
USD/JPY The USD/JPY pair initially fell during the course of the day on Friday, but bounced enough to form a hammer. Keep in mind that it was Good Friday, so the liquidity would have been as strong as it typically could be. Having said that, it looks as if we are going to try to…
As the spring season kicked off, economic activity across all the sectors are likely to step up, injecting fresh optimism in both business and consumer confidence. The housing and transport sectors in particular gain momentum with demand building up over the frigid winter for new homes and transportation, which is a barometer of broad economic…
Earlier today we said that following the abysmal January spending data revision as shown in the chart below: … that “the Atlanta Fed will have no choice but to revise its Q1 “nowcast” to 1.0% or even lower, which would make the first quarter the lowest quarter since the “polar vortex” impacted Q1 of 2015, and the…
Stock markets rebounded solidly from their lows of February 11th, 2016, making new multi-month highs, earlier last week. The SPX rescinded 0.7% by the end of last week. These market gains can be attributed to the very bullish decisions of the European Central Bank (ECB) and the FED Central Banks.On March 10th, 2016, the ECB…
Trading is closed for the CAC 40 today, however traders are looking forward to the resumption of trading this week with a series of high importance economic events. Euro CPI figures and Unemployment data for Germany are set to be the major fundamental drivers for European stocks and exchanges this week. In addition, traders should watch for…
Over the last 30-years, I have endeavored to learn from my own mistakes and, trust me, I have paid plenty of “stupid-tax.” However, it is only from making mistakes, that we learn how to become a better investor, advisor or portfolio manager. In the media, there is a select group of investors and portfolio managers that are…
