As shown in the chart below, the US Dollar index is up 4% since it took off on April 16th. Dollar strength hurts US companies that generate significant revenues outside of the country, and it benefits companies that generate the bulk of their revenues domestically. Since April 16th when the Dollar began its current rally,…
Something unusual has happened to the global economic surprise indexes. Not only have the emerging markets and G10 indexes fallen sharply, but the breadth of global economic surprise indexes has dropped to levels rarely seen outside of a recession. The chart in question comes from a broader discussion on the path of global trade, early…
Though volatility will continue to play foul with Wall Street, the recent surge in oil prices and tech sector renewed some confidence in the riskier assets. Crude oil topped the $70-per-barrel mark for the first time since November 2014 thanks to Iran sanction worries, falling Venezuela production, historic output cut deal and higher demand. The…
WALNUT CREEK, Calif., May 08, 2018 (GLOBE NEWSWIRE) — BayCom Corp (Nasdaq:BCML) (the “Company” or “BayCom”) announced today that it has completed its previously announced initial public offering.In the offering, BayCom sold 3,278,900 shares, including 427,682 shares of common stock pursuant to the exercise in full by the underwriters of their option to purchase additional…
Turnaround Stories For over 25 years, from 1979 to 2006, value investing outperformed growth strategies by earning a total return of 1646% to 1248% respectively. Over the last 12 years, however, growth has outpaced value: the total returns for the Russell Growth and Value indices were 223% and 118% respectively. Of course, no one can predict exactly…
Bob Eisenbeis weighed in on the unemployment questions addressed by Philippa Dunne and Doug Henwood in our Sunday morning piece: “I have long argued that looking at new claims without reference to the size of the labor force gives a misleading picture. Yes, the number of initial claims in relation to the size of the…
The EURUSD currency pair is in a trade setup. On the 30 Mins Chart, the EURUSD has a “Wolf-Wave” setup. It is a contra “BUY” against the trend. Please find below the chart for the same. Trade Setup is: Buy at 1.1886 with Stop Loss at 1.1835 for Target – 1.1980.
<< Read More: Bank Reserves Part 1; The Great Tease Since we’ve already cracked open the accounting, it makes some sense to take our example into an important corollary examination (if you haven’t yet, you’ll need to read through Part 1). In our prior examples, we’ve assumed that the swap of risk-free assets on Bank A’s asset…
The U.S. dollar continues to gain ground against most of its major counterparts as there appears to be little in the way to deter the Federal Open Market Committee (FOMC) from further normalizing monetary policy over the coming months. However, the USD/JPY rate bucks the recent trend as it holds a narrow range, with dollar-yen at risk of exhibiting…
The Conference Board’s Employment Trends Index – which forecasts employment for the next 6 months improved with the author’s saying “With the economy growing well above trend, and the working-age population barely growing at all, we expect the labor market to significantly tighten in the coming year.”. Analyst Opinion of Conference Board’s Employment Index Econintersect evaluates…
