TM Editors Note: This article discusses a cryptocurrency. Such investments are by their nature high-risk and highly speculative. Do your own careful due diligence. Dash (DASH-X) breaks out of a bullish pennant and subsequently pulls back to test the top trend line of the pattern and the 50-period moving average as support. Note that the…
Video length: 00:05:54 On the latest edition of Market Week in Review, Senior Investment Strategist Paul Eitelman and Rob Cittadini, director, Americas institutional, discussed the U.S. employment report for April, newly-released economic data from the Eurozone, and the status of trade talks between the U.S. and China. Strong labor market sends U.S. jobless rate below…
Below is a brief recap of last week’s price projections and the price targets for next week. Once again the SPX hit all key numbers. First it got rejected at resistance at 2676 on Monday, then it bounced off the low range target at 2600, to finish the week a few points below where it…
Biotechs Survive 2018 Bottom But Enthusiasm Is Sketchy Mid-Caps Should Move with M&A and News-Big Movers Today Celgene Beats on Earnings and Strong Revlimid and Pomalyst Sales The overall market rallied today with good strength in Nasdaq up 1.71 % and the QQQ up even better up 1.9% helped by AAPL up 3.97% on a huge…
The Non-Farm Payrolls report showed a moderate number of jobs added with a continuing weakness in wage growth. Stocks were hestitant at first, and then the traders saw that a rally into the weekend would be largely unopposed. And so equities were able to finish the week largely unchanged. New the end of the day…
To no one’s surprise, the FOMC left its target range for the federal funds rate constant at 1.5 to 1.75%. This decision maintains the Committee’s record of no rate hikes at meetings where no SEP forecasts were available and also spaces out its gradual normalization of policy. There is virtually no information in the statement…
The headlines seem almost too good to be true. As of April, the United States’ unemployment rate reached a multi-year low of 3.9%. There’s got to be a catch or an anomaly, right? Nope. As crazy as the number sounds, it’s legit. That’s not to say there aren’t some curiosities worth noting and watching going…
Take a company’s revenues over a given period of time, subtract the cost of production and you will have earnings. Earnings growth draws the attention of almost everyone, right from the top brass to research analysts. And why not? If the company doesn’t make money, it won’t survive the test of time. This metric is…
Every week we post an update on new unemployment claims shortly after the BLS report is made available. Our focus is the four-week moving average of this rather volatile indicator. The financial press generally takes a fairly simplistic view of the latest number, and the market often reacts, for a few minutes or a few hours, to…
Tomorrow, May 5, will be the 200th anniversary of the birth of Karl Marx. Here’s a characteristic little taste of his writing I ran across the other day. It’s from Economic and Philosophical Manuscripts, which were a set of essays written in 1844, not necessarily intended for publication themselves, but an early attempt at sorting through…
