“Event Risk” – Will Oil Go Poof?
Given the “event risk”, should that end quickly gains could go poof like the rockets they came in on.
Author Archives: Darren Marchal
17 Firms Going Ex-Dividend Next Week, Including Oracle, Apache An
There are several well known large cap stocks going ex-dividend next week including the following three: Oracle, Apache and CVS Health Corp. 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…
Crude Oil Bulls Have A Banner Week As Reasons To Be Long Multiply
Fundamental Forecast for USOIL: Bullish Talking Points: Crude set for biggest weekly gain since July on escalating geopolitical risks, demand premium EIA data took a back seat to geopolitical risks that took Crude to highest levels since Dec. 2014 Per BHI, U.S. Oil Rig Count rises 7 to 815, US Total Rig Count at 1,008 IGCS shows…
Hong Kong Monetary Authority Fails To Rescue Dollar For Third Day
For the third day in a row, the Hong Kong Monetary Authority (HKMA) intervened in the FX markets and for the 3rd day in a row, failed to lift the Hong Kong Dollar off the lower limit of its peg band. As Yicai Global reports, HKMA’s weak-side convertibility undertaking of HKD7.85 against the dollar was triggered…
Market Volatility And A Very Busy Week In Washington
A conciliatory tone on trade from both China and the US as well as easing fears around a military escalation stemming from Syria’s apparent chemical attack led to rising stock prices. Tech stocks got a boost from well-received testimony from Facebook CEO Mark Zuckerberg, though many officials cited the need for increased regulatory oversight of…
Hong Kong, China, And The Nightmare Of Forex Piles
Very early on in the turn, I mean very early, you could already tell there were substantial problems underneath. By the time CNY started lower, against all expectations, there had already been serious signs of trouble in China for months by then. In that initial seemingly minor drop in early 2014, the PBOC’s actions belied a stable…
Job Openings & Labor Turnover: Clues To The Business Cycle &
The latest JOLTS report (Job Openings and Labor Turnover Summary), with data through February, is now available. The first chart below shows four of the headline components of the overall series, which the BLS began tracking in December 2000. The time frame is quite limited compared to the main BLS data series in the monthly employment report,…
S&P 500 Snapshot: Down 2% From Last Week, 1.5% YTD
The S&P 500 seemingly climbed back up this week, but closed 2% lower than last Friday. The index is down 1.5% YTD and is 7.5% below its record close. The U.S. Treasury puts the closing yield on the 10-year note at 2.82%. Here is a daily chart of the S&P 500. Today’s selling puts the…