In many ways, the task facing the ECB’s Mario Draghi is the most daunting of all central bankers. On one hand, the ECB head has to keep financial conditions as loose as possible to stimulate the lethargic credit pathways in Europe, on the other European banks and insurance companies have been the most severely impacted…
On Friday, both the Bank of England AND the US Federal Reserve made clear signals that they WANT inflation. The Bank of England is prepared to tolerate higher inflation over the next few years and will keep interest rates low to support economic growth, according to Governor Mark Carney. Source: Telegraph In a further indication…
Almost two months ago, I explained my decision to sell my position in iShares MSCI Brazil Capped (EWZ). I also pointed to a 20% correction as the next time I will consider buying again. Since then, EWZ rallied, dipped slightly to a lower low, and then resumed its current rally. That rally accelerated a bit this month….
The Chart of the Day belongs to Trimble Navigation (Nasdaq: TRMB). I found the electronic devices stock by using Barcart to sort the Russell 3000 Index stocks first by the highest number of new highs in the last month, then again for technical buy signals of 80% or better. Since the Trend Spotter signaled a buy on 9/29 the stock gained 6.50%….
The Tax Foundation has an interesting analysis of Trump’s tax plan compared to Hillary’s. Hillary is negative on GDP, capital investment, wage growth, and jobs. Trump is positive on all four under two different models. Trump vs. Hillary Plan Comparison Let’s dive into the discussion with a look at How do Clinton and Trump’s Tax Plans…
“Go ahead, bite the Big Apple, don’t mind the maggots.” – The Rolling Stones In their hit song “Shattered,” The Rolling Stones sing about the dark side of living in 1970s-era New York City. Had the song been written today, Mick Jagger (who studied at the London School of Economics) could have been talking about Apple…
Gold: Having the commodity continued to recover higher, more strength is likely. As long as it trades and holds above the 1,246.24 zone, we think it should head higher. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level. Further down, a cut through here…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 41 = 18,202 SPX + 5 = 2,144 NAS + 2 = 5,246 10 Y + .00 = 1.74% OIL – .15 = 51.45 GOLD + .60 = 1,270.50 The consumer price index climbed 0.3% last month. The cost of shelter — rent, new…
The Australian economy shed 9,800 jobs in September, significantly worse than a gain of 15K expected. The unemployment rate remained unchanged at 5.6%. While the latter figure is better than expected, it comes on top of a drop in the participation rate: from 64.7% to 64.5%. Also the breakdown of employment is far from encouraging, to…
The Dow Jones Industrial Average pushed higher after a busy day of earnings reports, key economic data, and a surprise inventory report from the U.S. Energy Information Administration. Let’s look at the final numbers on Wednesday for the Dow, S&P 500, and Nasdaq: Dow Jones: 18,202.62; +40.68; +0.22% S&P 500: 2,144.29; +4.69; +0.22% Nasdaq: 5,246.41; +2.57; +0.05% Now, here’s a look at today’s most…
