Chinese President Xi Jinping appeared to back off the heated trade rhetoric over the past few months. In a speech drawing intense focus, Xi, while stating nothing that could be taken as definitive, pledged a “new phase of opening up” China’s vast marketplace. China does not seek [a] trade surplus. We have a genuine desire…
Chinese President Xi Jinping pledged on Tuesday to further open China’s economy and cut tariffs this year, in a speech seen as an attempt to defuse an escalating trade dispute with the United States. The pound rose to a two-week high on Tuesday after the dollar fell and a top policymaker said the Bank of…
Investors have been pulling out of Russian assets, as latest events spell trouble for such equities. Stocks witnessed their biggest drop in four years after the United States imposed sanctions on Russian billionaires in connection to meddling in the 2016 elections. Moreover, the recent chemical attack in Syria has increased tensions pertaining to U.S.-Russia relations….
Today’s action has prompted me to re-evaluate the Wave structure to accommodate the immense amount of correctiveness going on over the past three weeks.The decline from 2801.90 to 2553.80 took exactly 14 market days, while the rally to today’s high took precisely 6 market days.That kind of precision means that Cyclicality is at work, especially…
“The future is never clear, and you pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values.” — Warren Buffett During the season opening baseball game for the Seattle Mariners, the Make-a-Wish® Foundation blessed a young boy who has fought cancer at Seattle…
Honeywell International (HON) produces avionics equipment, small jet engines, industrial materials, climate control systems and automotive products. It has also increased its dividend for nearly a decade. Honeywell will join the list of Dividend Achievers with just a few more dividend increases. This article will discuss Honeywell’s most recent earnings report, guidance for 2018, dividend…
As I watch Mark Zuckerberg testify in Congress today, I’m reminded of the article I wrote on the subject two weeks ago. At the time, shares of Facebook (Nasdaq: FB) were dropping fast. Since then, we’ve had plenty of ink spilled on the subject of data privacy and the role of Facebook in keeping our information…
Today was the long awaited testimony of the Facebook CEO Mark Zuckerberg before the Congress. I have to say it was tedious for the most part, and rather embarrassing here and there. I had to turn it off to watch old movies and documentaries. I have some fellows who came rather late to clean the chimneys…
The last two days have seen WTI/RBOB prices soar (as trade-war fears ebb and Saudi hopes for higher prices) but they gave a little back after API reported a surprise crude build and notable Gasoline build. API Crude +1.758mm(-1.25mm exp) Cushing +1.452mm (+2mm exp) Gasoline +2.005mm Distillates -3.849mm Last week’s surprise Crude draw (and expectation of…
Today’s comments from China president, Xi Jinping that China was willing to open its markets, soon lent equities a helping hand. From a lower core opening, it was not long before all started to move from strength to strength. Shanghai and the Hang Seng reacted most to the speech and saw returns of around 1.75%…
