Call it the news of the year, perhaps even of the decade. For the first time since the Korean Peninsula was divided in 1948, leaders of the two warring nations met in what had the look and feel of a jovial reconciliation between two estranged family members. Kim Jong-un of North Korea and President Moon…
The market is very volatile and most indexes remain near their 2018 lows. People are nervous. Last year analysts told us to “buy the next pullback,” but some are now turning bearish. This mood shift is common on Wall Street. So, has the bull market ended? Did we enter a bear market? The single best…
People are nervous about emerging markets. You know that. I know that. Everyone knows that. And everyone plus you and me also knows why people are thusly nervous. It’s because after years of benefiting from flows facilitated by unprecedented accommodation by DM central banks, the tide is starting to turn and even if lackluster data in Europe and…
So far it is providing some resistance for the bulls, and that means we’ll need to keep a close eye on things, to make sure we are ready to book gains, should another sell-off occurs again. As for me, I think we will get through the 50-Day MA, but where the real problem lies is with…
Crude oil is trading above $70/barrel while the USD came very close to breaking above 93 int he early hours of today. Especially with oil the uptrend impacts a wide range of sectors some of which are unable to pass the higher costs on to consumers. Chris Temple joins me to discuss what is helping…
Starbucks Corporation (SBUX) purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related equipment primarily through its company-operated retail stores. In addition to sales through its company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group…
Oil price has been enjoying smooth sailing lately with U.S. crude topping the $70-per-barrel mark for the first time since November 2014. With the surge, crude has climbed 16% so far this year while Brent is up around 13%. The rally was driven by several factors that are pointing to a rebalancing of the oil…
What are the long-term trends for multiple jobholders in the US? The Bureau of Labor Statistics has two decades of historical data to enlighten us on that topic, courtesy of Table A-16 in the monthly Current Population Survey of households. At present, multiple jobholders account for just 4.9 percent of civilian employment. The survey captures data for…
The U.S. Unemployment Rate has moved down to 3.9%, its lowest level since December 2000. If you ask the average person on the street what that means for the stock market, they would likely say it’s a bullish sign. What does it actually mean? Let’s take a look… Data Source for all charts/tables herein: FRED,…
The Dollar is practically unchanged (amid some volatility) and Treasury yields are officially unchanged across the entire curve… but that doesn’t stop the short-squeeze continuing to lift Nasdaq stocks 1% higher and the S&P back to its 50DMA… The Dow is up 190 points, and the entire yield curve is unchanged… But its Breakevens that are snapping…
