The Fang Stock Index at 990 is less than 1% from its all-time highs. The S&P 500 is also only about 5% from its all-time highs. FANG stocks are hinting they have the ability to quickly lead the market back to its uptrend. Market Shaking Off All The Macro Noise We’ve been saying S&P 500 ETF SPY’s level of…
Real Income Growth Is In Decline The labor market is one of the most important factors which affect the markets because it determines Fed policy and it determines personal income growth which is the money the consumer uses to make purchases. Of course, the consumer can borrow money, but people aren’t qualified nor able to…
Yesterday we reported that according to Goldman Sachs, creator of the Hedge Fund VIP Basket of 50 most popular stocks among the hedge fund community, the recent underperformance of this basket… … coupled with the disappointing response to stocks beating in Q1 earnings season, was a growing threat to market stability as it portended that a liquidation…
A review of the day’s trading in precious metals markets. Video Length: 00:10:56
Roku (ROKU – Free Report) just released its first quarter financial results, posting an adjusted loss of $0.07 per share and revenues of $136.58 million. Roku is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Roku have plummeted over 23% over the last 12 weeks. The newly public…
The S&P, Dow Jones Index and Russell 2000 all delivered clean breakouts on bullish technicals. Best of the Breakouts was probably the Russell 2000.The only disappointment was the relative loss against the Nasdaq. However, the index is ready to challenge January highs and resume the prior bullish trend. The S&P edged its breakout on…
A forthcoming issue of the Journal of the European Economic Association will carry a study arguing that crowdfunding in the absence of liquidity constraints is a superior method of equity financing–superior to “traditional financing forms,” that is, unless those traditional financiers are fully competitive and perfectly informed. By one estimate, global crowdfunding reached $195 billion in 2017….
The chart of the day belongs to General Finance Corporation (GFN). Since the Trend Spotter signaled a buy on 4/5 the stock gained 33.77%. General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. Barchart technical indicators: 100% technical buy signals 134.67+ Weighted Alpha 98.04% gain…
The April jobs report in the US wasn’t great as there were misses across the board. The total jobs created was 164,000 which missed estimates of 191,000. The participation rate missed estimates for 62.9%, coming in at 62.8%. Furthermore, the year over year hourly earnings growth was 2.6% which missed estimates for 2.7% growth. Because…
Stocks shoot passed the key 2682 level today with volume. What’s next for the market? All-time highs or is this a shorting opportunity? Video Length: 00:07:29
