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
After months of speculation, Donald Trump finally withdrew from the Obama-era 2015 nuclear deal reached between Iran and six major powers. It also vowed to reimpose all the “powerful economic sanctions” on the OPEC nation waivered within the deal as well as introduce new ones. The sanctions would be reinstated after wind-down periods of 90…
<< Read More: Bank Reserves Part 1; The Great Tease << Read More: Bank Reserves Part 2; If QE Was Really QT, Then Why Hasn’t QT Been QE? There’s one final step to our examination of QE and bank reserves (you’ll need to read through at least Part 1, though Part 2 is worth the time, too). It’s all well…
Almost two years ago, the Saudis acknowledged they had a problem. The price of oil was too low. The oil-rich county had fought a surge in supply from American frackers by opening the taps, and the move pushed oil prices to their lowest level in decades. Even though the Saudis and other OPEC members still…
Yesterday we published our monthly S&P 500 Sector Weightings report for clients. The report provides a detailed historical look at S&P 500 sector weightings, and it’s something clients find very useful. Below we show current S&P 500 sector weightings. Anything stand out? Yes, at 25.78%, the Technology sector now makes up more than a quarter of the S&P 500. That’s…
A review of the day’s trading in the agriculture markets. Video Length: 00:11:11
