It’s 2018 forecast time for the big banks. With Goldman unveiling its seven Top Trades for 2018 earlier, overnight it was also UBS’ turn to reveal its price targets for the S&P in the coming year, and not surprisingly, the largest Swiss bank was extremely bullish, so much so in fact that its base case is roughly…
For a second straight day December contract natural gas prices bounced off support around the $3.05 level but were unable to break lower and fill the gap below. This price action fit nicely with our Daily Morning Text Alert sent out to Trader level subscribers before 7 AM EST which breaks down our sentiment and…
CNBC’s Josh Lipton reports on Applied Materials quarterly earnings. Staphanie Link, TIAA Investments, and CNBC’s Mike Santoli weigh in.
As this rally has often done, just as you expect a reversal to start, bulls come in (hard) to bid up the market. The S&P had the clearest switch as it moved from a ‘bull trap’ to a ‘bear trap’. If it can post a break of 2,597 it will have little to stop it;…
Concerns over timing and implementation of President Donald Trump’s tax cut plans weighed on the key U.S. indexes recently. Investors remain pensive after Senate Republicans revealed a tax cut plan that entails the deferment of corporate tax cuts for a year. Adding to markets’ woes is a near certain rate hike post Fed’s December meeting….
Video length: 00:09:38 Stocks pop higher today on the news the House passed the tax reform bill and good earnings from WMT. Does this mean more new highs or is the market setting the range of trading for the rest of the year. Watch this video to find out.
Capitalism inherently veers towards a monopolistic and unequal society (ie, capitalists try to own all the means of production). This means that capitalists must understand that their own actions are the biggest risk to the system they love. This is because the labor class will not likely allow a persistent inequality to exist. This can…
Video length: 00:07:00 Japanese stocks have been rallying of late, particularly after Shinzo Abe’s strong victory in snap elections, which gave his party a two thirds majority in the parliament. His win has cleared the way for another round of Abenomics, which means we could see more fiscal and monetary stimulus as well as corporate…
With the oil markets much closer to balance, geopolitical uncertainties are beginning to have a larger influence on the price of oil, something that hasn’t been the case for the last 2-3 years, Robert Rapier at R-Squared Energy recently told Financial Sense Newshour. For related podcast, see Frank Barbera on Possible Market Top; Robert Rapier: “Fear Cycle” Returning…
Pandora (P) is higher in afternoon trading after shares were upgraded to Outperform by BMO Capital, which cited better than expected subscriber numbers and positive channel checks on audio ads, among other things. POSITIVE CHECKS ON ADS, WIDER AUDIENCE: BMO Capital analyst Daniel Salmon this morning upgraded Pandora to Outperform from Market Perform, saying that…
