An Even Battle Between Bulls And Bears? The S&P 500 made an intraday low of 2039 on March 11, 2015. The intraday high in the current range was made on May 20. Since then, the S&P 500 has traded between 2039 and 2134. The mid-point of the range is 2087. There Has Been A Clear…
Market Rallies on FED comments but Biotechs are Left Behind Fed Expected to Raise Rates as Labor Market Tightens The Fed stands pat on rates but is on track to raise rates later this year, possibly at the September meeting, as jobs are on track but inflation is still not above 2%. The market began rally…
The US economy revived in this year’s second quarter, according to today’s preliminary GDP estimate from the government. The 2.3% increase in output in Q2 vs. the previous quarter (real seasonally adjusted annual rate) is a modest pace, although the advance offers an encouraging improvement over Q1’s tepid 0.6% rise. Stronger consumer spending and exports provided most…
B2B Data An economist friend of mine from Canada sent me a very interesting article earlier this week. It discussed a data point I haven’t paid much attention to previously, but one that is increasingly important in our technology-driven economy – B2B data. The author, Mark Skousen, may sound familiar to you given an article…
Rev said something in the comments section which caught my eye: I’m inclined to agree. I’m not actually going to buy it (who, me? buy something?) but it definitely looks like an interesting level of support, at least for a bounce play.
ConocoPhillips (COP – Analyst Report) reported second-quarter 2015 adjusted earnings of 7 cents per share, beating the Zacks Consensus Estimate of 5 cents. The year-ago-quarter adjusted profit was $1.61 per share. Revenues in the reported quarter decreased to $8,660 million from the year-ago level of $14,701 million. Moreover, revenues widely missed the Zacks Consensus Estimate of $9,816…
“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” …
There have been some very good articles describing the over-trading and gaming in paper precious metal futures. A clarification needs to be made about the term “naked shorts”. Although commonplace this term is technically incorrect. I have used it myself incorrectly so am not casting dispersions. A naked short is an illegal transaction (see). The transactions on the Crimex…
Ben Inker (GMO) explains how valuation should be a key driver of how an investor’s asset allocation looks at a given life stage.
Corporate Buybacks – Part II: Shorting the Buyback Contradiction “To arrive at a contradiction is to confess an error in one’s thinking; to maintain a contradiction is to abdicate one’s mind and to evict oneself from the realm of reality” – Ayn Rand The positive short-term price action of buybacks lures unsuspecting investors on the…
