“storm in a teacup”… Video length: 00:00:20 Of course today’s big headline was confirmation that Trump is pulling US out of the Iran Nuclear Deal. That sparked some volatility in WTI that suggest extreme positioning is at play… Gold was also in play after Trump’s address… Defense stocks rallied happily on the back of Israel…
The three key currency indices of the dollar the yen and the euro have all signaled significant changes in market sentiment and momentum on the slower timeframes, and in the associated chart with this post we have the daily and weekly charts for the USDX top left and top right respectively, whilst bottom left we…
Although we await US President Trump’s Iran Nuclear address later this afternoon, Asian markets still closed better bid across the boards. Most of this was associated to the regional currency declines, but we did see some markets that performed. In Hong Kong the Hang Seng opened over 1% higher and continued to make progress for…
As shown in the chart below, the US Dollar index is up 4% since it took off on April 16th. Dollar strength hurts US companies that generate significant revenues outside of the country, and it benefits companies that generate the bulk of their revenues domestically. Since April 16th when the Dollar began its current rally,…
Something unusual has happened to the global economic surprise indexes. Not only have the emerging markets and G10 indexes fallen sharply, but the breadth of global economic surprise indexes has dropped to levels rarely seen outside of a recession. The chart in question comes from a broader discussion on the path of global trade, early…
Though volatility will continue to play foul with Wall Street, the recent surge in oil prices and tech sector renewed some confidence in the riskier assets. Crude oil topped the $70-per-barrel mark for the first time since November 2014 thanks to Iran sanction worries, falling Venezuela production, historic output cut deal and higher demand. The…
WALNUT CREEK, Calif., May 08, 2018 (GLOBE NEWSWIRE) — BayCom Corp (Nasdaq:BCML) (the “Company” or “BayCom”) announced today that it has completed its previously announced initial public offering.In the offering, BayCom sold 3,278,900 shares, including 427,682 shares of common stock pursuant to the exercise in full by the underwriters of their option to purchase additional…
Turnaround Stories For over 25 years, from 1979 to 2006, value investing outperformed growth strategies by earning a total return of 1646% to 1248% respectively. Over the last 12 years, however, growth has outpaced value: the total returns for the Russell Growth and Value indices were 223% and 118% respectively. Of course, no one can predict exactly…
Bob Eisenbeis weighed in on the unemployment questions addressed by Philippa Dunne and Doug Henwood in our Sunday morning piece: “I have long argued that looking at new claims without reference to the size of the labor force gives a misleading picture. Yes, the number of initial claims in relation to the size of the…
