NEW YORK, April 01, 2016 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”). The following dates apply to the distributions: Record Date April 15, 2016 Ex-Dividend Date April 13, 2016 Payable…
The first two months of 2016 were murky for the real estate investment trust (REIT) industry, with soft economic data, weakening corporate earnings outlook, global macroeconomic headwinds and Fed-centric anxieties. Then the madness of March essentially lifted investors’ spirits and ushered in good news for the industry. The benchmark rate was kept steady by the…
Ira Epstein leads us through the day’s precious metal highlights. (Video length 00:07:26)
April Fools’ Day was a interesting day for the US equity market. Asian markets had a bad day with Japan’s Nikkei plunging 3.55%. The Euro STOXX 50 index fell 1.72%. With an unusually heavy day of economic updates in the US, starting with the much-followed monthly employment report, our benchmark S&P 500 dropped at the…
The Non-Farm Payrolls Report this morning was a mixed bag, with enough different kinds of data to provide material for both the hawks and the doves. The dollar initially rose and stocks dumped, in sympathy with global stocks overnight action, especially the emerging markets. But at some point Wall Street decided it was all good,…
Economic Reports Scorecard The economic reports since the last update present a dichotomy. While there has been an improvement in the surprises – more better than expected reports – the overall tone of the reports has been fairly negative. Part of the explanation for that is the plethora of regional Fed reports over the last…
Gold Stocks enjoyed a fabulous, near vertical rebound into March yet were in extreme overbought territory. We and many others called for a correction. In recent weeks those other voices have worried excessively about the alleged bearish construction of the CoT. Although Gold and Silver have essentially consolidated with a little weakness, the gold stocks…
Netflix (NFLX) stock moved higher on Friday after one firm upgraded it for the big opportunities that may be in the company’s future. There have been concerns about subscriber growth in the U.S., but the firm’s analysts say the opportunities outweigh this one metric. Netflix’s metrics show solid growth In a report dated April…
“Off the lows”… So this just happened… But it doesn’t really matter when all it takes is a phone call… Post-Payrolls, stocks faded until the US open, and then took off… Thanks to Dennis Gartman, The Dow surged 250 points off the lows… On the day, good jobs was bad news but good ISM was good…
Everything I wrote in my last post on China’s PMI’s could be rewritten and reworded for the ISM version of American industry. The index rebounded to above 50 in March for the first time since last August. As noted with the Chinese PMI’s, that doesn’t necessarily mean that growth has returned only that March wasn’t likely as…
