Modern technology enables stock markets to be faster and more complex than ever. But while the speed of order executions are infinitely more impressive across the board, the conceptual backbone behind the stock market itself hasn’t changed much. In fact, the model we use today for settling trades and ensuring proper share ownership is still…
Our Chief Compliance officer Rafael Perez provides a good overview of the Fiduciary Rule below. In coming months, he’ll be writing a series of articles on legal standards related to brokers and advisers. Our industry has become a thicket of rules and regulations with compliance an increasingly complicated and costly issue for RIA firms. As…
A few trading days ago, I suggested shorting Diana Shipping. It went great, but I covered way too soon. It simply keeps falling (I’ve marked my “short” point with an arrow). I mentioned this before, but one of my readers got bent out of shape than I dared show a picture of Lady Diana, but, meh, you get a…
The INDU is up more than 200 points today, what is the reason? Treasury Secretary Steven Mnuchin said today that the U.S. is closing in on presenting a substantial tax reform. “We’re pretty close to being able to bring forward what’s going to be major tax reform,” Mnuchin said while speaking at the IIF Policy…
Do you want a “pure” look at how disconnected equities have become from the economic realities of the reflation narrative? Sure you do. And your interest is appreciated by RBC’s Charlie McElligott who has the following chart for you: (BBG, RBC) We don’t really aspire to much in the way of professional standards here at HR…
Dover Corporation (DOV – Free Report) reported first-quarter 2017 adjusted earnings per share from continuing operations of 70 cents, which increased 25% from 56 cents recorded in the prior-year quarter. Earnings also beat the Zacks Consensus Estimate of 62 cents. Including one-time items, earnings came in at $1.09 per share, up from the prior-year figure of $0.64. Total…
ETFs have attracted plenty of criticism over the past few years, and according to researchers at Stanford University, Emory University and the Interdisciplinary Center of Herzliya in Israel, at least some of these concerns are valid. The researchers published a paper on the topic last month within which they examined whether an increase in ETF ownership is accompanied by…
The index of leading economic indicators rose by 0.4% beating the Econoday Consensus estimate of 0.2%. “Gains were broad-based in the month led by the ISM new orders index and including, as always, the interest rate spread where short-term rates are unusually low. The LEI has been very solid and continues to point ahead to rising economic…
Most Active Stock Options For Midday April 20, 2017
The last time continuing jobless claims was this low, the Nasdaq peaked at the end of the dotcom boom and collapsed over 80% in the next 2 years. So be careful what you crow about… The ‘best’ continuing jobless claims print since April 2000… tumbling to 1.979 million (well below the 2.024 million expectations) Despite a…
