Today’s miss for payrolls, drop in unemployment, weaker wage growth, and drop in the participation rate was proclaimed by Bob Pisani and his like as “goldilocks”… David Rosenberg disagreed: My grade for today’s payroll report is a big fat C-. Harsh, yes, given the apparent good news in the 3.9% u-rate, but this does not…
After a 10% rally over the last 11 weeks, USD/CHF is nearing its highest level in a year…what will next week bring?
Many gold bulls are frustrated that during last year’s U.S. dollar decline, the precious metal didn’t rally more strongly. After all, the U.S. dollar had a terrible 2017. One might assume that this would have been an ideal environment for gold. I have even heard the argument that since gold couldn’t rally more strongly during…
Audio length: 00:15:56 In this episode of ETF Spotlight, I talked with Steven Schoenfeld, founder and CIO at BlueStar Indexes. Steven is an expert in Israeli stock market. We discussed Israel’s booming tech sector and the BlueStar Israel Technology ETF (ITEQ – Free Report) that focuses on Israeli tech companies. Israel has more than 90 companies listed…
A Fox Business report states demand for gold is at a 10-year low. What’s the real story? Please consider Gold Demand Slumps to a 10-Year Low. For gold investors, the rising market volatility is no match for the currently growing economy, with gold holdings slumping to a decade low, according to the World Gold Council (WGC)….
Bitcoin is hard to describe, so we often use analogies. “Digital gold” is the most popular way to summarize bitcoin’s purpose. Today we take a deep dive into this analogy to see how gold and bitcoin stack up. Let’s start with size. Bitcoin: $163 billion market cap (price per coin multiplied by the number of…
Total earnings for 83.1% of the total healthcare market capitalization are up 14.7% on revenue growth of 8.1%. The growth rates seem unimpressive when compared with some of the other sectors. Earnings and revenue beat ratios of 88.9% and 75%, respectively, are also not great either. Among the most notable players, Johnson & Johnson (JNJ – Free Report) was…
Perhaps we’ll have a clearer picture of direction on the S&P 500 Index (SPX) on a break one way or the other after President Trump decides by May 12 whether or not to recertify the JCPOA. At the moment, it’s trading within a tight range between 2620 and 2680, as shown on the daily chart below. The momentum (MOM) indicator is in downtrend and trading below the zero level. The relative…
A few simple words and voila… San Francisco Fed’s John Williams says “comfortable overshooting 2% inflation for a while” and stocks are green for the week… But it was another Fed head that showed his comedic side… NY Fed’s Bill Dudley proclaimed: “I don’t think The Fed cares about financial markets per se…”
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs…
