Traders are dumping equity protection and buting chaos protection as VIX tumbles near the year’s lows and Gold jumps back towards its 100-day moving average – and its highest level in a month. Gold is up 9 of the last 10 days, at its highest since early Dec and testing its 100DMA… ($1292) And while Bitcoin…
Xu Zhong, head of the People’s Bank of China’s research bureau, is in an unusual position. In a nation known for government intervention in free market forces, he recognizes the slippery slope of the moral hazard of the government bailing out risky lending practices. Looking at how local Chinese governments have become over-leveraged, he says the…
Xu Zhong, head of the People’s Bank of China’s research bureau, is in an unusual position. In a nation known for government intervention in free market forces, he recognizes the slippery slope of the moral hazard of the government bailing out risky lending practices. Looking at how local Chinese governments have become over-leveraged, he says the…
This morning the National Association of Realtors released the November data for their Pending Home Sales Index. Here is an excerpt from the latest press release: Lawrence Yun, NAR chief economist, says contract signings mustered a small gain in November and were up annually for the first time since June. “The housing market is closing…
When the Senate passed their tax reform bill earlier this month, Republicans were excited that the new law would cut taxes. Liberals thought it would kill people. As the legislation went through the Budget Committee, protesters inside the Capitol chanted, “Don’t kill us, kill the bill.” Larry Summers, a top economist in the Obama administration, claimed that 10,000 people a…
If gold manages to test the resistance at 1283 an ounce, the highest level for the precious metal in 3 weeks, it would be a good chance for it to move towards the psychologically important peak at 1300. Gold took advantage of the US index, which measures the greenback’s strength against a basket of 6…
“For most of the past half-century, adults in the U.S. Baby Boom generation – those born after World War II and before 1965 – have been the main driver of the nation’s expanding workforce. But as this large generation heads into retirement, the increase in the potential labor force will slow markedly, and immigrants will…
ETH/USD is trading around $740, well within a well-defined trading range when looking at regular lines of support and resistance and also looking at the uptrend channel. The lines are currently converging at a critical spot. If this line holds, there may be a buying opportunity, at least from a technical perspective. Ethereum suffered from the…
Winnebago Industries, Inc. (WGO – Free Report) is cashing in on the strong employment and stock markets as its towable products remain in strong demand. This Zacks Rank #1 (Strong Buy) stock is expected to see double digit revenue growth in fiscal 2018. Winnebago makes recreation vehicles under the Winnebago and Grand Design brands. These include motorhomes, travel…
The Federal Reserve raised the Federal Funds rate on December 13, 2017, marking the fifth increase over the last two years. Even with interest rates remaining at historically low levels, the Fed’s actions are resulting in greater interest expense for short-term and floating rate borrowers. The effect of this was evident in last week’s Producer…
