A startup called Basis has raised $133 million from top venture capitalists to build a “stable cryptocurrency” (also called a “stablecoin”). A stablecoin is a cryptocurrency designed to eliminate the high volatility associated with most coins. The goal is to smooth out the ups and downs so the stablecoin is usable as an everyday currency. Basis plans to stabilize…
This is a traders’ market. That’s why a rule-based trading strategy based on the Commodity Channel Index has gained 18% this year, despite a flat S&P 500. It is the most profitable strategy among various technical indicators Bloomberg tracks. The strategy is simple. It sells the S&P 500 when the CMCI index crosses below 100 from…
Week 15 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The rolling averages growth rates are generally improving. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from…
Week 15 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The rolling averages growth rates are generally improving. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from…
(from my colleague Dr. Win Thin) The Reserve Bank of India is tilting more hawkish. Tensions on the Korean peninsula are easing. The Trump administration reversed course on Russia sanctions. Turkey is heading for early elections. Raul Castro stepped down as president of Cuba. Mexico polls show continued gains for Andres Manuel Lopez Obrador. In…
Ex-dividend dates are important to dividend investors because one must own a stock on its ex-dividend date in order to be eligible to receive its next dividend. Any stock ranked by our team as a Top 100 Dividend Stock is tagged. Company Name Stock Symbol Ex-Div Date Pay Date Div Payout Stock Price Yield Market Value CNH Industrial…
Here are the articles used in today’s discussion: The Fed Has Forgotten the Lessons of 2008, but Big Banks Haven’t Margin, Leverage, Subprime Loans: All at Worse-Than-2008-Crisis Levels
(Audio length 00:12:42) With markets down across the board the only decent green I am seeing on my screen is the USD. Chris Temple and I briefly discussed the dollar yesterday but spend more time focusing on it today. We look at the technical levels to watch as well as how the central bank actions…
Imagine for a moment the hypothetical situation where the reign of King Dollar as we know it has come to an end. In that scenario, what are some of the signs you might expect to see right before the final collapse occurred? Would one of the tell-tale signs be to see the U.S. debt load…
Weakness in shares of Sage Therapeutics (SAGE) may be related to news that Biogen (BIIB) and Ionis Pharmaceuticals (IONS) have expanded their strategic collaboration through a new ten-year collaboration agreement, which may be read by some market participants as lowering the odds for M&A action related to Sage. Under the terms of the collaboration, Biogen…
