Today the Richmond Fed Manufacturing Composite Index was at 15 for the month of March, down from last month’s 28. Investing.com had forecast 23. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 19.0, which indicates expansion. The complete data series behind today’s…
Today the Richmond Fed Manufacturing Composite Index was at 15 for the month of March, down from last month’s 28. Investing.com had forecast 23. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 19.0, which indicates expansion. The complete data series behind today’s…
If you haven’t noticed, the price of oil has been rising over the last year, and at $65/barrel for crude, it’s right near a 52-week high. Interestingly, the S&P 500 Energy sector has diverged from the price of oil recently. Below is a chart that highlights price trends for the Energy sector (oil stocks) versus…
Bull and bear ETFs have shown immense potential this month as abrupt changes in sentiments have raised the appeal for these products. A bull ETF makes money in an upward market while a bear ETF gains when the market goes down. These products create a long/short position with a leveraged factor (i.e. 2x or 3x)…
Second day in a row that USDJPY is up as risk assets continue to rise but yields remain depressed. The pair has been so grossly oversold that some sort of rebound was due but for now the 106.00 figure remains formidable resistance. Tomorrow the market will get a look at the final revision of US…
With the correction in global stock markets still running its course, it’s worth surveying some valuation statistics across Developed Market equities. Indeed, the current correction could easily go further, purely on sentiment and in the process cheapen valuations across the board. But in the mean time this article takes a snapshot of the bottom end…
One day after Arizona’s governor suspended Uber’s autonomous vehicle testing, Waymo announced a billion dollar deal. The Wall Street Journal reports Waymo Orders Up to 20,000 Jaguar SUVs for Driverless Fleet. As Uber Technologies Inc. reels from a fatal crash involving one of its autonomous vehicles, rival Waymo is moving ahead, buying as many as 20,000…
General Electric Shares are up almost 5% today and while yesterday’s epic meltup in the broad markets ignored GE (and was blamed on easing trade wars fears), today’s spike in GE – the biggest in two years – is being pinned on speculation that Warren Buffett is Buying The Freefall… Bloomberg reports that the sudden increase is…
Written by Crypto Guru Blockchain technology is carving out a niche space in the world of finance and Ripple, in particular, has been moving into this space at a rapid pace. Trillions of dollars are moved across the global financial system every day and impacts several billion people. But, the existing system has several weaknesses adding to…
Shrewd investors and speculators are wise to look at the Treasury Yield curve as an indicator of where the U.S. economy is heading. Historically, it has been an incredibly accurate barometer to forecasting the economy. In fact, starting in the 1960’s the yield curve has accurately predicted the last 7 recessions the US economy has…
