We’ve been talking quite a lot recently about the equity market’s inability to hang on to gains in the last hour of trading. Heading into today, the index had traded down in the last hour of trading for six straight sessions. Today, equities were strong throughout the trading day and even started to leg higher…
On 29 January 2018, the Commodity Futures Trading Commission (CFTC) Division of Enforcement together with the Criminal Division of the US Department of Justice and the FBI announced criminal and civil enforcement actions against 3 global investment banks and 5 traders for involvement in trade spoofing in precious metals futures contracts on the US-based Commodity Exchange…
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U.S. retail sales picked up in March after declining for three straight months, as consumers bought more motor vehicles and other expensive items, reflecting a revival in consumer spending owing to tax cuts and refunds. Eight of 13 major retail categories showed improvement. Into the Headlines Overall retail sales increased 0.6% in March, after 0.1%…
CNBC’s Phil LeBeau reports on the quarterly earnings for United.
Good evening folks, good to have you back! I came across a very interesting chart today, and I think it is worth contemplating for a moment. It is from Yardeni research, their research and charting is a treasure trove, you should check it out. Heres the chart, You are looking at the last 20 years of the…
Video length: 00:16:28 Stocks hit a critical juncture today as multiple technical patterns and indicators converge and this key level. Will the market break out to new highs or is this a sucker’s rally? IBM had their earnings announcement after the close and the stock has fallen by 1 standard deviation. Watch this video right…
After years of declining revenues, IBM finally surprised investors last quarter with a revenue increase and numbers that at first blush appeared good, but a deeper look revealed were very seriously massaged (as we disclosed at the time). Now, in its Q1 2018 earnings report, IBM has taken the pro-forma adjustments that it has become so…
In this video, we run through the free weekly email newsletter “The Top 5 Charts of the Week” and add a bit of extra comments and context. In this week’s edition we look at the ‘Stay or Go Indicator’ and what it’s telling us about the US jobs market, then we review the corporate earnings/macro…
Well, as documented (and lampooned) extensively in our week ahead preview, Shinzo Abe arrives at Mar-a-Lago today and Trump is stoked: Getting ready to meet Prime Minister Abe of Japan, a truly fine gentleman! — Donald J. Trump (@realDonaldTrump) April 17, 2018 Here it is: Don’t worry, world. TPP should be renegotiated shortly and the North…
