The Chicago Business Barometer improved and remains in positive territory. Analyst Opinion of Chicago PMI The results of this survey continue to correlate to district Federal Reserve manufacturing surveys – and generallly aligns with the overall trend of the ISM manufacturing survey. There was no expections this month from Bloomberg / Econoday with the actual…
We now live in an interesting time. Every day we wake up with the news about either World Indices make all-time records or bad news about a terrorist attack and nuclear test. Historically, humans have gone through these stages and we were able to withstand all these events. At ElliottwaveForecast, we try to ignore all these…
As we head into 2018, one of more interesting sectors among those I watch closely would have to be the media space. This year has seen a huge amount of deal activity (both discussed and completed), as well as a continued secular shift in the way content is distributed and purchased. For years consumers and…
Stability determines who wins the crypto war It would be difficult for anyone to imagine that a “currency” that often fluctuates 20-30% in value in a few days could gain widespread use as money. That is Bitcoin’s long-term problem. The wild rise in the price of Bitcoin and other cryptocurrencies have certainly got investors –…
Today’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.2, down 0.5 from the previous week. Year-over-year the four-week moving average of the indicator is now at 2.70%, down from 3.00% last week. The WLI Growth indicator is now at 3.5, up from the previous week. “Why So…
Goldman Sachs says in a regulatory filing that the tax legislation signed by President Trump “significantly revises the U.S. corporate income tax by, among other things, lowering corporate income tax rates, implementing the territorial tax system and imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries.” Goldman Sachs estimates, based on currently available…
Gold May Prosper in Good Times First, gold may shine in unpleasant macroeconomic outlook. Generally, gold performs the best during economic slowdown or turmoil. In 2017, the economic conditions were far from recessionary climate. Global economic growth accelerated and became more synchronized among countries. The U.S. economy performed well, the unemployment rate achieved a record…
Ripple, the cryptocurrency that received support from some Asian banks, is enjoying a meteoric rise. XRP/USD made a big breakout above $1.50 and continues higher. It traded around $1 early in the week and was nearly half its current value just one week ago, in the big crypto-crash. Ripple is standing out from the rest of the digital…
Those who have been around the crypto block know that this isn’t bitcoin’s first rodeo with big price swings. Below is a comparison of past “bubble moves” for Bitcoin’s price. Of course, the volume of bitcoin traded during past bubbles is nowhere near current volume, but the investor psychology remains the same. Below is a…
KMG Chemicals (KMG – Free Report) is a Zacks Rank #1 (Strong Buy) and is the Bull of the Day following a strong beat of the Zacks Consensus Estimate.Let’s take a look at the recent quarter, estimate revisions and the valuation for this stock. Description KMG Chemicals manufactures, markets and distributes specialty, niche chemicals. The company manufactures, markets…
