Contrasting data releases underscore the reemergence of the dollar bullish divergence meme that had appeared to stall in the vacuum of economic data in the first half of the week. Yesterday’s unexpectedly large fall in US weekly initial jobless claims had seemed to put a floor under the dollar. Moreover, today’s poor flash PMIs for China…
Gold is power. We know that gold historically holds its value over time and serves to preserve wealth, especially in times of economic chaos. But gold also offers its holder political power. Countries that stockpile gold create a foundation of stability for their monetary systems. This is precisely why China is increasing its gold holdings….
With Baby Boomers entering old age, U.S. demographics favor one particular sector: healthcare. And within that sector, investors seeking sizable yet stable dividend returns may want to look at healthcare and senior housing real estate investment trusts (REITs). Generally speaking, real estate is an attractive source of reliable dividends because rental yields provide steady income, with…
With Baby Boomers entering old age, U.S. demographics favor one particular sector: healthcare. And within that sector, investors seeking sizable yet stable dividend returns may want to look at healthcare and senior housing real estate investment trusts (REITs). Generally speaking, real estate is an attractive source of reliable dividends because rental yields provide steady income, with…
When I think of “big data”, I immediately envision companies such as Oracle Corp (ORCL) and International Business Machines (IBM) designing massive databases brimming with information. These companies often provide the backbone for the structure needed to capture information, yet rely on other outlets such as social media and internet companies to accumulate user input. To capitalize on this…
The U.S. dollar index (UUP) failed this week (so far) to break out of its short-term downtrend. However, it is picking up momentum against select currencies. One case in point is the Turkish lira (USD/TRY). USD/TRY has a made a new high (above a level from early July) and looks ready to challenge the all-time high…
Looking at the economic calendar, without a doubt the Manufacturing PMI numbers out of both Europe and the United States are going to be the biggest members of the markets. With that, we believe that most of the action will be transatlantic, as the early part of the session will feature the Euro and all things European, while later in the session we…
After market today, (AMZN) reported another blow-out quarter, especially in its cloud services, which climbed 81% in revenue. AMZN stock soared to above $570 at one point! (V) shares popped more than +7% as its earnings vaulted 25%. (SBUX) reported quarterly profits that increased 22%, sending its shares up more than +5% this evening. Between these three companies, you can see…
Gold prices initially rose during yesterday’s Asian session but the market encountered resistance around the $1103 level as sellers stepped in. The dollar gained strength after a Labor Department report showed that the number of people filing new claims for unemployment benefits dropped by 26K to 25K. As a result, the XAU/USD pair closed back…
As goes the world, so goes America (according to 30 years of historical data), and so when world trade volumes drop over 2% (the biggest drop since 2009) in the last six months to the weakest since June 2014, the “US recession imminent” canary in the coalmine is drawing her last breath… As Wolf…
