Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 54 = 21,574 SPX + 1 = 2460 (record) NAS + 29 = 6344 (record) RUT – 3 = 1427 10 Y – .05 = 2.26% OIL + .30 = 46.32 GOLD + 8.30 = 1243.00 BITCOIN + 0.45% = 2338.41 USD ETHEREUM…
DM central bankers are looking for inflation. But no matter how hard they try, they can’t find any. And that right there is throwing a monkey wrench in the whole “it’s time to roll back crisis-era policies” narrative. Of course we all know that’s absurd. There’s plenty of inflation and indeed it’s showing up in…
Asian equity markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.83% while the Hang Seng is up 0.29%. The Nikkei 225 is trading up by 0.11%. The US markets ended on a high note with the Nasdaq Composite hitting a record high on Tuesday while Goldman Sachs Group dragged the Dow lower on lower earnings….
In their 2Q 2017 survey, UBS found that, for the first time since at least 2014, the trajectory of financial health of low-income households has started to diverge from that of more affluent households. Per the graph below from UBS’ credit strategy team led by Matthew Mish, while a firming job market has helped households making over…
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Shares of Chipotle (CMG – Free Report) plummeted 6.82% through early afternoon trading on Tuesday amid news that a Washington, D.C. area location closed this morning after some customers reported norovirus-like symptoms. Business Insider first reported that the fast-casual Mexican grill closed a Sterling, Virginia location after customers reported symptoms such as vomiting, diarrhea, dehydration, and nausea. The…
Most Active Equity Options And Strikes For The End Of Day, July 18, 2017
Medtronic (MDT) is one of the largest medical device makers in the world and, with 39 consecutive years of dividend growth, one of the venerable dividend aristocrats here. Even more impressive? Over the last 39 years, Medtronic has rewarded income investors with 18% annual dividend growth, making it not only highly reliable, but also one of the…
When it comes to the VIX, it is (almost) safe to say that virtually everything that could be said about the market’s record low volatility, its causes, and where it may or may not go from here, has been said. For those blissfully unaware of the market’s mind-numbing complacency and boredom, last week the VIX…
European shares closed sharply lower on Tuesday, falling the most this month as the euro approached its May 2016 peak on the way to levels last seen in 2015. As Bloomberg notes, only 1 out of 19 Stoxx 600 sectors rose. Investors are of course concerned that the stronger euro will weigh on earnings and…
