Equity investors overlooked President Trump’s withdrawal from the Iran nuclear accord and pushed stocks higher. Energy prices rose with increased tensions, with Brent crude oil prices hitting $77 a barrel. A subdued inflation reading Thursday added confidence that the Fed won’t accelerate interest rate hikes. Weekly Returns S&P 500: 2,728 (+2.4%) FTSE All-World ex-US (VEU):…
With the major portion of earnings season behind us, this week we are going to take a look at the vector and velocity of economic forces that will affect earnings in the coming quarters, but we first need to know where we are, before we can understand where we are likely to be heading. Much…
FUNDAMENTAL FORECAST FOR THE US DOLLAR: BULLISH US retail sales report unlikely to trigger big shift in US Dollar trend Clarida, Bowman confirmation hearings in focus on Fed-speak docket Key data from the Eurozone and Japan, RBA minutes may help USD The US Dollar probed four-month highs last week but ultimately settled little-changed against an average of its…
A few weeks ago, the PBOC stunned many mainstream observers by reducing the RRR. It cut against the preferred narrative that the central bank was “tightening” in anticipation of an economic and therefore inflationary breakout (labor shortages, don’t you know). It didn’t seem to make sense. From the perspective of globally synchronized growth, it wouldn’t….
Well, it appears we cursed natural gas volatility, as after touting the largest daily range since February 21 yesterday we saw the smallest daily range of the year today. Prices traded just below our $2.82 resistance level through the day, seemingly consolidating after yesterday’s large spike. In our Morning Update we explained why we expected a…
LITTLE ROCK, Ark., May 11, 2018 (GLOBE NEWSWIRE) — Inuvo, Inc. (NYSE American: INUV), today announced the pricing of an underwritten public offering of 2,860,000 shares of its common stock at a price of $0.70 per share. The company has also granted to the underwriters a 30-day option to acquire an additional 429,000 shares to cover overallotments…
The Chart of the Day belongs to Superior Drilling Products (NYSEMKT: SDPI). Since the Trend Spotter signaled a buy on 3/21 the stock gained 25.58%. Superior Drilling Products, Inc. operates as a manufacturer and remanufacturer of PDC (polycrystalline diamond compact) drill bits and drill string tools for the oil, natural gas and mining services industries. It also provides manufacturing, leasing,…
