S&P 500 The S&P 500 fell during the course of the day on Tuesday, testing the 2040 handle. The market has seen support there previously, so it’s very likely that it will find a bit of support there again. I think that the market will eventually rally due to the fact that the Federal Reserve…
Tesla (TSLA) is over $250 per share – again.And again for no clear fundamental reason. The Model S shares have not exceeded projections and the Model X has fallen short. But there is a wild card – the Model 3.Or more accurately the Model 3 prototype. What does it take to justify a value of…
The only common factor on the economy viewed from the mainstream in the past few years is the shrinking standards by which it is judged. Janet Yellen can somehow suggest erratic 2% GDP growth is “overheating” or close to it only because that is the reduction of the “new normal.” Because that has been so…
Volatility has eased in recent weeks, but it’s still up in the air (at least, for now). Markets simply do not become quiet right away, it takes time for trend changes to take place. Best case, today’s market is transitioning from very volatile to “simply” volatile before becoming bullish. Worst case, the market took a breather lately, and…
Markets are calmer with some better than expected figures for the US and Chinese services sectors as well as a bounce for oil. Apart from the more important oil report, we’ll have the Fed minutes high on the agenda and late in the day. While the document is from a meeting held three weeks ago,…
Buffett’s annual letters are the gold standard, but close behind is Jeff Bezos. In typical Jeff Bezos style, the annual letter is brief, to the point and packs a punch. A must read for any business minded person or Amazon investor. Bezos is undoubtedly one of the elite minds in business and he provides a glimpse into…
“The Australian dollar has appreciated somewhat recently. In part, this reflects some increase in commodity prices, but monetary developments elsewhere in the world have also played a role. Under present circumstances,an appreciating exchange rate could complicate the adjustment under way in the economy.” – Statement by Glenn Stevens, Governor: Monetary Policy Decision, April 5, 2016 (emphasis…
Amazon.com Inc. (Nasdaq: AMZN) wants to be more – much more – than just the King of E-commerce. The Seattle-based company used its huge servers to build Amazon Web Services into the globe’s largest cloud-computing company. And Amazon Prime, while not the leader in streaming media, is definitely a contender. Now, Amazon has sets its sights on global shipping and logistics….
Here’s the interesting set of questions from the “Mish Mailbag” summarized as follows: How Accurate and at What Cost is BLS Data? Why isn’t there a private industry alternative?” The questions are from reader “Trevor”, a grad student, forwarded from his professor. When I first read the questions, I thought they were about jobs because…
China’s stocks rose for a fifth straight day on Wednesday, led by consumer and energy companies and following a report pointing to increased evidence of a stabilizing economy. Real gross domestic product in China grew 6.6% in the January-March period, with data showing China’s service sector strengthened in March and the Caixin services purchasing managers’…
