Real estate investment trusts (REITs) in the US posted the strongest gain in June among the major asset classes. The gain marked a second straight month with securitized real estate topping the performance list. Although most market categories retreated last month, US REITs bucked the trend with a solid advance. The MSCI REIT Index increased…
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.52%) this morning are down -0.53% and European stocks are down -0.57% as trade risks drag global equity markets lower. Sep COMEX copper (HGU18 -0.39%) is down -0.51% to a 9-1/4 month low, which undercut mining stocks and metals producers on concern trade tensions are beginning to slow global…
The window dressing ahead of the end of Q2 failed to signal a turn in sentiment. Equity markets have taken back those gains and more. The US dollar is broadly firmer, though it was coming off its best levels near midday in Europe, and the three-basis-point slippage puts the US 10-year yield at 2.83%, its lowest…
As we’ve demonstrated here at BullMarkets before, the U.S. economy, corporate profits, and stock market all move in the same direction in the medium-long term. The final reading for Q1 2018 GDP (released June 28, 2018) demonstrates that corporate profits are still rising. And for all the people who think that earnings numbers are “manipulated”…
WTI Crude Oil The WTI Crude Oil market rallied again on Friday, reaching towards the $74.25 level. We have made a fresh, new high, and I don’t see much to keep us from reaching towards the $75 level above. However, we are overbought by just about any measure you can use, so I think a…
Review: From the June 4th Raj T&C Weekend Email (One month ago): “There is a cluster of 6-7 fixed cycles all due end June/early July that should be a major High or Low” Actual: The fixed cycles due end June/early July: the 80 CD Cycle, the 90 CD Cycle, the 95 CD Cycle, the 32-33 wk cycle, the 5 Month cycle and the 1308 CD Cycle are all due late June/early July should be a major swing Low…
Bulletin headline summary from RanSquawk Risk tone soured in Europe as US tariffs concerns and German political instability lead all equity markets into negative territory US President Trump said he spoke to Saudi Arabia’s King Salman on raising production by as much as 2mln barrels and that prices were too high, which the Saudi ruler…
USD/CAD extended its downside movement from 1.3385 to as low as 1.3129. Further decline could be expected after a minor consolidation and next target would be at 1.2860 area. Resistance is at 1.3220, as long as this level holds, the downtrend will continue.
Monday’s Swing-Trades: Take a look at three trading ideas to prep you for the next trading session. Long Splunk (SPLK) Long NutriSystem (NTRI) Short Knight-Swift Transportation (KNX)
If the rising trade tension is hurting global growth, short AUD/USD? US trade restrictions, including threatened tariffs on cars and auto parts, would put “the global free trade system at great risk”. Data over the weekend shows that China export orders tumbled, dropping from expansion into contraction, which is a clear sign that trade-war concerns…
