Stocks And Precious Metals Charts – Nativity
Stocks wobbled sideways, sliding out stealthily on light volumes, into the new year. Gold and silver managed to extend their rally off the NFP-FOMC short term bottom.
Monthly Archives: December 2017
WTI/RBOB Shrug At Bigger Than Expected Crude Draw
WTI/RBOB faded back from yesterday’s Libya pipeline headline-driven exuberance ahead of tonight’s API inventory data. A bigger than expected crude draw held WTI prices steady but RBOB faded very modestly after API showed a notable gasoline (and distillates) build. API Crude -6mm (-3.75mm exp) Cushing -1.3mm (-590k exp) Gasoline +3.1mm Distillates +2.8mm Heading into tonight’s data, DOE had showed…
The Anti-Santa Rally Watch-List
Today was considered the start to the infamous Santa Rally for the stock market. Let’s just say, that the start came and went, and nothing significant really materialized. So for you Anti-Santa Rally folks, I’ve put together a list of short setups to consider shorting, should the rally be a dud as it has been…
Kindred Rises As Brigade Takes Stand Against Takeover
Shares of Kindred Healthcare (KND) are on the rise after shareholder Brigade Capital expressed opposition to the company’s proposed buyout by a consortium that includes Humana (HUM). Earlier this month, a Deutsche Bank analyst had also argued that a sale price of $9 per share was low for Kindred. BUYOUT PRICE ‘UNDERVALUES’ SHARES: Brigade Capital…
Rising ‘Dollar’ Re-Rises? Part 1, Mexico Ain’t Suffering NAFTA...
One of Candidate Trump’s biggest priorities was to renegotiate NAFTA. Seen as an accelerator for harm not just inside of the nation’s rust belt, the incoming administration made it a top priority. Blaming the trade deal for the loss of 700k manufacturing jobs, Robert Lighthizer, the US’s top trade official for the renegotiation process, said…
Tech Stock Themes: Amazon.com, Inc. Vs. Microsoft Corporation, Wa
Amazon.com, Inc. (AMZN) became a major standout tech theme in 2017, even overshadowing the rest of the FANG names (Facebook, Amazon, Netflix, Google/Alphabet). Most analysts generally agree that the Amazon stock theme will continue, although some include it on their list of 2018 tech stock themes because of its dominance in e-commerce, while others focus on the…
Market Talk – Wednesday, December 27
As can be expected during holiday shortened session, volumes were extremely low and movement similar. The same could not be said for the Euro on Christmas Day though, a large order sent the currency down 3% at one point, only for it to bounce make minutes later. That is often the problem during holiday sessions;…
5 Best Technology Mutual Funds To Watch In 2018
This year has been quite eventful for the domestic equity markets, marked by the passing of the much-awaited Republican tax reform and three rate hikes. Following optimism over the implementation of Trump’s tax cut policies, the technology sector has clearly emerged as the best performing sector so far this year, not only for the broader…
State Of The American Wallet: What’s In Store For 2018?
As of June 2017, Americans had a record $1 trillion in revolving debt. Nonrevolving debt is growing even faster. MarketWatch has “One Sure-Fire Prediction for 2018 ” Americans will take on even more debt. The average credit-card balance per consumer will rise about 1% next year, according to TransUnion. This would be the fifth year in…
Case-Shiller 20 City Home Price Index October 2017 Now At 6.4 % Y
The non-seasonally adjusted Case-Shiller home price index (20 cities) year-over-year rate of home price growth grew from 6.2 % to 6.4 %. The index authors stated “Since home prices are rising faster than wages, salaries, and inflation, some areas could see potential home buyers compelled to look at renting.” Analyst Opinion of Case-Shiller HPI Many…