Tesla Reports The Usual Losses Tesla reported a relatively normal quarter for the company. It’s used to reporting major losses as it ramps up its production of the Model 3. The goal is to get to 5,000 cars produced per week. The firm lost $3.35 in EPS which actually beat estimates by 6.5 cents. The…
Like every other day, Friday began and ended with Donald Trump. He started the day with the obligatory predawn dose of xenophobia, reminding everyone that Mexicans are, generally speaking, criminals. As you can see, he also conjured the World War Z images again, suggesting that the border is “under siege”, a laughable characterization for any number of…
ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion. ECRI also released their inflation guage this week. Analyst Opinion of the trends of the weekly leading indices Even with the general downward trend in this index, the forecast is for modest growth six months from today. Here is this week’s…
Today’s miss for payrolls, drop in unemployment, weaker wage growth, and drop in the participation rate was proclaimed by Bob Pisani and his like as “goldilocks”… David Rosenberg disagreed: My grade for today’s payroll report is a big fat C-. Harsh, yes, given the apparent good news in the 3.9% u-rate, but this does not…
After a 10% rally over the last 11 weeks, USD/CHF is nearing its highest level in a year…what will next week bring?
Many gold bulls are frustrated that during last year’s U.S. dollar decline, the precious metal didn’t rally more strongly. After all, the U.S. dollar had a terrible 2017. One might assume that this would have been an ideal environment for gold. I have even heard the argument that since gold couldn’t rally more strongly during…
Audio length: 00:15:56 In this episode of ETF Spotlight, I talked with Steven Schoenfeld, founder and CIO at BlueStar Indexes. Steven is an expert in Israeli stock market. We discussed Israel’s booming tech sector and the BlueStar Israel Technology ETF (ITEQ – Free Report) that focuses on Israeli tech companies. Israel has more than 90 companies listed…
A Fox Business report states demand for gold is at a 10-year low. What’s the real story? Please consider Gold Demand Slumps to a 10-Year Low. For gold investors, the rising market volatility is no match for the currently growing economy, with gold holdings slumping to a decade low, according to the World Gold Council (WGC)….
Bitcoin is hard to describe, so we often use analogies. “Digital gold” is the most popular way to summarize bitcoin’s purpose. Today we take a deep dive into this analogy to see how gold and bitcoin stack up. Let’s start with size. Bitcoin: $163 billion market cap (price per coin multiplied by the number of…
