To date, 2018 has been a particularly rough year for investors in US treasury bonds. After starting the year with a yield near below 2.5%, the benchmark 10-year bond has seen yields surge to a high of nearly 3.05%, corresponding to about a year-to-date drop of about 3% in IEF, the equivalent treasury bond ETF….
Etsy Inc. (ETSY – Free Report) just released its latest quarterly financial results, posting earnings of 10 cents per share and revenues of $120.9 million. Currently, ETSY is a #2 (Buy), but that could change based on today’s results. Shares of the company have gained 13.7% over the past month and were flat during regular trading hours…
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional…
WTI/RBOB prices ended the day lower but bounced a little after Trump’s statement, running flat into API but a pushed WTI briefly back above $70 following a surprise crude draw (and large product draws). API Crude -1.85mm (+1mm exp) Cushing +1.653m Gasoline -2.055mm Distillates -6.674mm – biggest draw since 2004 Surprise crude draw and big product…
UPCOMING RISK EVENTS: USD: PPI m/m, Core PPI m/m.EUR: N/A.GBP: N/A.JPY: N/A. GOLD 30 min 4 Hours Daily My Bias: Long to a new all-time high above 1827. Wave Structure: Impulse structure to a new high.Long-term wave count: wave [iii] above 1666. GOLD has been very quiet of late, even today’s announcement by the U.S administration to scrap…
A review of the day’s trading in precious metals markets. Video Length: 00:10:01
I concluded that the absolute value of corporate earnings does not consistently lead the stock market in a previous study. I.e. sometimes corporate earnings fall before the stock market falls, sometimes the stock market falls before corporate earnings fall. But what about the rate of change in corporate earnings? Does the change in corporate earnings GROWTH…
Let’s talk cryptocurrency. Mainstream coverage is going to be necessary for anyone other than millennials to think of it as an investment. Running length 00:36:39
For US stock traders and investors the last few months have ones which could best be described as interesting and exhilarating, with extreme volatility first driving the primary indices higher and lower with equal speed and momentum, and mirrored in the VIX which soared to over 37 in February, before returning to the relatively calm…
Tech fundamentals have been very strong. Capex trends are picking up. Demand is spreading out not just through Cloud/Hyperscalers but also deeper into more traditional companies. Shouldn’t this be catapulting the stocks? Let’s review. Multiple Drivers To Tech We’ve been writing that many major tech reporters saw accelerating revenues. Momentum investors usually love that. Here’s that list….
