Author Archives: Darren Marchal
Great Graphic: Major Currencies On Trade-Weighted Basis
This Great Graphic was composed on Bloomberg. It draws on the Bank of England’s trade-weighted indices of the dollar (yellow line), the euro (white line), and yen (green line). The data was further indexed to the end of 2009. Trade-weighted measure is more important than bilateral measures when considering the impact of currency movement on a domestic economy. That…
Liquidity Siren: S&P 500 Futures Market Depth “Abysmal&
Paging Waddell & Reed… Even for this early in the US session, liquidity in the most-liquid financial instrument in the world is – in the words of Nanex’s Eric Hunsader, “abysmal.” Source: @NanexLLC
Weekly Gasoline Price Update: Down Another 13 Cents
It’s time again for my weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny Regular dropped 13 cents and Premium 12 cents. Regular is now at its lowest price since October 2009. Will the price decline in gasoline boost discretionary spending during the holiday season? Stay tuned! According to GasBuddy.com, Hawaii…
Germany Ready To Destroy Its Economy Tomorrow
Tomorrow, Germany’s Constitutional Court will rule on a major tax case that could devastate German business owners. There was no estate tax in Germany so businesses could pass from one generation to the next intact. That may all come to an end tomorrow. The country’s constitutional court will decide whether families can continue to transfer companies…
Morning Call For December 16, 2014
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 -0.67%) this morning are down -0.18% and European stocks are down -0.35% at a 1-3/4 month low on Chinese economic concerns after a gauge of Chinese manufacturing activity contracted for the first time in 7 months. Losses were limited after Eurozone Dec manufacturing activity expanded at the fastest pace in 5 months…
A Messy Affair: Pricing Risk For An Uncertain Future
Mr. Market can be an emotional fellow at times, confusing and confounding the casual observer who tries to make sense out of market action that can appear nonsensical at times… right now, for instance. Indeed, the US stock market has been tumbling since its Dec. 5 peak – a slide that’s unfolded amid an impressive…
Dividend Achievers Stock Analysis: Waste Management
Waste Management (WM) has increased its dividend payments each year since 2003. The company is the largest publicly traded waste management company, with a market cap of $22 billion. The company’s largest competitor is Republic Services (RSG) which has a market cap of about $14 billion. Waste Management was founded in 1968 and is currently…
Turmoil Spreads: Ruble Replunges, Crude Craters, Yen Surges, Emer
For those wondering if the CBR’s intervention in the Russian FX market with its shocking emergency rate hike to 17% overnight calmed things, the answer is yes… for about two minutes. The USDRUB indeed tumbled nearly 10% to 59 and then promptly blew right back out, the Ruble crashing in panic selling and seemingly without any CBR market…
Google Market Trends
Just FYI, a little exercise on some financial topics. By Google Trends at least, the stage is setting up for a contrarian, counter-trend bounce in precious metals and commodities in 2015. The stock market data is interesting as well in that nobody has really taken an interest in stocks throughout the massive bull market; though…