The S&P 500 has continued its bounceback as of Wednesday’s close and is down 0.5% YTD and is 5.7% below its record close. The U.S. Treasury puts the closing yield on the 10-year note at 2.87%. Here is a daily chart of the S&P 500. Today’s selling puts the volume 18% below its 50-day moving…
What if we told you that just when the Housing Bubble was beginning to unravel over a decade ago and the majority of Wall Street brokerage firms would face insolvency as a result of the all the toxic debt they had on their books, that there was one firm that had the foresight to not…
And, FYI, earnings come out on the 26th (next week):
Beginning with its very first issue in May 1915, the Federal Reserve’s Bulletin was the place to find a growing body of statistics on US economic performance. Four years later, monthly data was being put together on the physical volumes of trade. From these, in 1922, the precursor to what we know today as Industrial Production was…
EUR/USD Trading strategy: Long Open: 1.2220 Target: 1.2470 Stop-loss: 1.2300 (raised from 1.2140) Recommended size: 2.50 mini lots per $10,000 in your account Short analysis: RSIs are biased up while the daily cloud top and the converging 10, 21 and 55-day SMAs lend support. We remain long for 1.2470, just below March high. GBP/USD…
A big question investors are trying to wrap their heads around is why the headlines suddenly matter to equities in 2018. There were geopolitical concerns in 2017, yet stocks were sanguine. This year, negative headlines seem to impact stocks more. There’s no doubt some of the uncertainties could affect stocks in the intermediate term. In…
A big question investors are trying to wrap their heads around is why the headlines suddenly matter to equities in 2018. There were geopolitical concerns in 2017, yet stocks were sanguine. This year, negative headlines seem to impact stocks more. There’s no doubt some of the uncertainties could affect stocks in the intermediate term. In…
It’s nice to see one of my shorts, Pier One, get clobbered after hours. Here’s a longer-term view. In my estimation, firm support is at $0.
In the original whitepaper, Satoshi Nakamoto envisioned Bitcoin as a peer-to-peer version of electronic cash that would facilitate transactions without the oversight on a trustworthy, centralized party. Since then, cryptocurrency has surged in popularity as an asset class – and Bitcoin is now just one of many digital currencies out there. Investment has poured into…
CNBC’s Deirdre Bosa reports on the quarterly earnings report for American Express.
