It’s the happy-go-lucky 3 Amigos (in play since we began this goofy metaphor last fall), which would signal macro changes to come. When you are talking about the macro however, things move slowly and to date, only one of our riders has made it to his destination. To review, they are Amigos 1-3 (Chevy, Steve and…
So far this earnings season, the more than 2,000 stocks that have reported have averaged a gain of 0.49% on their earnings reaction days. (For a stock that reports in the morning, its earnings reaction day is that trading day. For a stock that reports after the close, its earnings reaction day is the next…
Investors who do their research trying to get the best return in the stock market most probably examine some fundamental parameters which might give them an idea about the chance of a particular stock to be a top performer. One of the most observed value parameters is the price-earnings ratio (P/E), which is the ratio…
Last year’s infatuation with globally synchronized growth was at least understandable. From a certain, narrow point of view, Europe’s economy had accelerated. So, too, it seemed later in the year for the US economy. The Bank of Japan was actually talking about ending QQE with inflation in sight, and the PBOC was purportedly tightening as…
MINNETONKA, Minn.–(BUSINESS WIRE)–Today, UnitedHealth Group released the following statement on the Trump Administration’s drug policy proposal: “The fundamental issues with prescription drug affordability are the high prices set by and marketing practices of pharmaceutical manufacturers, so we welcome the Administration’s focus on reducing drug costs. UnitedHealth Group remains committed to offering concrete solutions to further…
The Consumer Price Index for Urban Consumers (CPI-U) released yesterday puts the year-over-year inflation rate at 2.46%. It is substantially below the 3.76% average since the end of the Second World War and above its 10-year moving average, now at 1.64%. For a comparison of headline inflation with core inflation, which is based on the…
The value of all the bitcoins sitting in underground bunkers owned by wealth-management startup Xapo has been the subject of intense speculation ever since the company first allowed journalists into the catacombs where the family offices of the world’s wealthiest people stash their digital gold. Now, Bloomberg – after conversations with two purported clients – has produced…
Fundamental Forecast for JPY: Bearish Talking Points: USD/JPY Rate Forecast: Viva La Resistance as 110 Continues to Hold. Japanese Yen Ticks Down After BoP, BoJ Summary, But USD Drives. USD/JPY Holds Resistance at 110.00, Bulls Show at Higher-Lows Japanese Yen pairs saw quite a bit of back-and-forth action this week, with USD/JPY continuing the range-like behavior from the…
Equity investors overlooked President Trump’s withdrawal from the Iran nuclear accord and pushed stocks higher. Energy prices rose with increased tensions, with Brent crude oil prices hitting $77 a barrel. A subdued inflation reading Thursday added confidence that the Fed won’t accelerate interest rate hikes. Weekly Returns S&P 500: 2,728 (+2.4%) FTSE All-World ex-US (VEU):…
