The IMF released an update to WEO today: Source: WEO today. From the report: Buildup of financial vulnerabilities. If financial conditions remain easy into the medium term, with a protracted period of very low interest rates and low expected volatility in asset prices, vulnerabilities could accumulate as yield-seeking investors increase exposure to lower-rated corporate and sovereign borrowers and…
Having watched the dramatic growth in 24-hours-a-day, 7-days-a-week cryptocurrency trading, TD Ameritrade is enabling retail investors to do the same for a number of ETFs including the S&P 500, Emerging Markets, and Gold. Video length: 00:00:45 TD Ameritrade extended trading hours on its platform starting Monday to 24 hours, five days a week for several popular exchange-traded…
I’ll never trade this market with blind confidence, but the blindness of traders for now, keep this market soaring higher. And that makes it to where the only option is to trade this market from the long side. If I could get a 10-15% sell-off right now, I would, most certainly, take it. But that…
Something interesting has been going on in one of our commodity intermarket models.While the price of copper has surged back from the lows of 2016, it seems that copper stock analysts don’t quite buy the rally. A significant divergence between the copper price and copper stock relative performance has opened up, and this is the…
Juno Therapeutics (NASDAQ: JUNO) On Monday morning before the market opened, shares of Juno Therapeutics (JUNO) sky rocketed on news that they were going to be bought out by Celgene Corp (CELG) for $9 billion or $87 per share. Shares popped over 25% to $86.23 following the announcement and will likely stay in the range…
Well, cryptos are crashing – again. It’s never clear whether these violent selloffs are worth flagging because the definition of “violent” for this space is entirely different than the definition of “violent” for actual, real asset classes, but in light of recent events, it’s probably worth flagging Monday’s price action. Here, in a nutshell, is…
You don’t need us to tell you that a dollar just doesn’t buy what it used to, but here’s some actual proof about just how weak the greenback has recently been. With just over a week left to go in the month, the US Dollar Index is already down more than 1.7% on the year….
By an 81-18 vote, the Senate voted to advance a funding bill ending the 3-day shutout. The New York Times reports the US Senate Votes Overwhelmingly to End Government Shutdown. The Senate voted 81-18 on Monday to end the three-day old government shutdown, with Democrats joining Republicans to clear the way for the passage of a…
Last week we showed that as part of the “new tax cut reality”, 2018 EPS forecasts have soared in the past few weeks as analysts scrambled to boost their earnings forecasts for companies benefiting from the lower corporate tax rate. Well, as of today, that surge has made further headway, and as the latest Bank of America…
The TINA Trade Examined As I mentioned in a previous article, some investors believe low real interest rates mean equity multiples should be high because that’s what happened in this cycle. However, usually the real rates being in the 2% to 5% range is the best because it implies economic growth is strong. Bond investors…
