Oppenheimer Rochester AMT-Free Municipals A (OPTAX – Free Report) a Zacks Rank #1 (Strong Buy) was established in October 1976 and is managed by Oppenheimer Funds Group. OPTAX seeks a high level of current interest income exempt from federal income taxes as is available from investing in municipal securities, while attempting to preserve capital. OPTAX invests mainly in…
Breakeven oil prices are very important with today’s issues. We have a significant glut of both oil and refined product. It will take time to work through inventories. During this time, opportunities to build positions exist. Many could make a huge mistake in looking at highly levered names that have been hit the hardest in…
The consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent. With the five-year Treasury yielding 1.19 percent, government bond investors are now receiving a negative real rate of return (because 2.3 minus 1.19 comes out to negative 1.11 percent)….
It’s no secret that one of the best ways to earn a return on your investment in the stock market is to buy stocks with high dividends. An important mindset shift needs to occur in order to understand this power. A typical investor might be more like a gambler, who buys something in the hope that…
USD/CAD The US dollar rose during the course of the week, crashing into the 1.32 level against the Canadian dollar. This was due to several different factors, not the least of which was a really poor Canadian manufacturing report. Oil markets look a bit soft at the moment, so having said that I feel that…
The US dollar rose against the major currencies except the Japanese yen last week. It also appreciated against most of the emerging market currencies, with the South African rand, the Brazil real, and the Chinese yuan the notable exceptions. Consistent with the recent pattern, the dollar closed the week on a firm note. The dollar has appreciated…
There were many, frankly ignorant, voices in the UK that claimed that the EU needed the UK far more than the UK needed the EU in the run-up to the referendum (and since). They believed that no sooner was the vote to leave taken than the powers in “Brussels” would be pleading with the British…
Equity Markets calmed down this past week, digesting the mini meltdown on Sept 9. After factoring in the dividend payment on Friday, the S&P 500 (SPY) closed up + .52%. Thanks to Samsung (SSNLF) going up in smoke, Apple (AAPL) roared, lending support to the Nasdaq 100 (QQQ) and US equities in general. Without that…
Fundamental Forecast for the Australian Dollar: Bearish Australian Dollar at the mercy of risk trends, relative yields outlook Lull in domestic event risk puts FOMC rate decision in the spotlight Hawkish Fed posture threatens third week of Aussie Dollar losses Are retail traders buying or selling AUD/USD before the Fed rate decision? Find out here. The Australian Dollar faces another difficult week ahead…
Since the turn of the millennium, Amazon (AMZN) and eBay (EBAY) have been joined by several players in the e-commerce industry. EBay was the first to launch in 1995 while Amazon followed shortly in 1996. Both companies had different ideologies about the market, but now, there is little to separate the two in terms of…
