A Federal Reserve data release (Z.1 Flow of Funds) for 3Q2014 – which provides insight into the finances of the average household – shows a marginal decline in average household net worth. Our modeled “Joe Sixpack” – who owns a house and has a job, and essentially no other asset – is also feeling poorer….
Despite a 100bps rate hike this morning, Russia’s Ruble has slipped lower and now trades 55.8 to the USD – a new record low. The initial surge in the Ruble was quickly sold back as the hike, while in line with surveyed expectations, was below FRA-market-implied levels of 200bps. Goldman believes this will not slow the…
Part 1 Biopharmaceutical Stocks-New Highs Were Hit on December 10 Five Straight Years of Gains in Biotech-the IBB is up 292% since Dec 18, 2009 Biotech stocks are following the long term seasonal bullish trend surging in Q4 and up about 49 % YTD. The easiest way to invest in the biotech market is with…
Last month, Kitco News interviewed renowned New York Times Bestselling author Robert Ringer. They began by discussing the current political direction of America, but moved on to the collapse of the dollar. While Ringer will not put a timeline on the collapse of America’s currency, he is certain that it will fall apart. What will…
The new Z.1 report came out today so let’s update many of the indicators I’ve been sharing here over the past few months. What should be worrisome to market watchers here is that we now have a host of significant indicators that look like they may have formed important peaks and begun to roll over….
When it comes to investing, confidence is big deal. Almost two months ago, during the height of the Ebola scare, I came up with the idea of the CDCC indicator. I wanted to take a look at very different assets that had a ton in common, as they all have something to do with confidence…
There’s been a lot of talk about volatility in stocks lately. But today, I want to focus on options volatility and what it means for the options investor. So let’s start off with a definition: Volatility measures the rate at which a security moves up and down. If a security is moving up and down…
On Wednesday December 10th, 2014 Merck (MRK) reported that it achieved early positive results using KEYTRUDA against patients that had triple-negative breast cancer. Triple-negative breast cancer is an advanced form of breast cancer that is more difficult to treat compared to other forms of breast cancer. This is because Triple-negative breast cancer doesn’t express genes…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 63 = 17,596 SPX + 9 = 2035 NAS + 24 = 4708 10 YR YLD + .01 = 2.18% OIL – 1.22 = 59.72 GOLD + 1.30 = 1228.40 SILV + .04 = 17.20 We have a lot to cover. Let’s start…
Resignation of McDonald’s USA president Jeff Stratton has surely added to the list of problems being faced by this fast-food giant. Shares of McDonald’s (MCD) have skidded more than 9 percent over the past few months. This is the worst decline the company has seen in over a decade; investors have now started questioning the…
