Financial Sense Newshour just spoke with Craig “Bullseye” Johnson from Piper Jaffray to get his outlook on the market. Johnson believes the corrective phase that started in February is not over and provided some downside targets for the S&P 500. He’s also positive on the energy complex and noted a possible shift away from FAANG…
How big should the Fed’s balance sheet be? It’s a topic that has taken over a lot of academic discussions. Recall that before 2008 the level of bank reserves was practically nil. They didn’t play much of a role in any money market, required reserves or not (this should be a big clue). After four…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Written by SmallCappower.com Aurora Cannabis Inc. (ACBFF), less than a week after announcing the completion of the CanniMed acquisition on May 1, confirmed on Thursday that it had discussions with MedReleaf Corp. (MEDFF)…
Market Analysis With the annual Kansas wheat crop tour occurring last week and the SW US experiencing extensive drought, the market’s focus has been on field reports and daily wrap-ups from this 3-day event. The first day covered fields across northern Kansas where cold temperatures stunted growth and the tour’s yield was 38.2 bu. vs….
A marked slowdown in Australia Retail Sales may keep AUD/USD under pressure as it dampens the outlook for growth and inflation. The fresh updates mayencourages the Reserve Bank of Australia (RBA) to carry the record-low cash rate into the second-half of 2018 as ‘inflation is likely to remain low for some time, reflecting low…
Many of you have your entire retirement funds invested in low-cost index funds. Those would include the Vanguard 500 Index Fund Admiral Shares (VFIAX) and the Vanguard Total Stock Market Index (VTSAX), the world’s second and third largest ETFs. I have some very bad news for you: the sushi is about to hit the fan….
It has been about five months since I outlined the valuation disconnect between the two leading consumer telecommunications providers in the United States in a post entitled Is the Enthusiasm for Charter Communications Getting Overdone? Charter (CHTR) and Comcast (CMCSA) together provide nearly half of the country’s households with cable, broadband, and phone service. A lot has happened since then, so I…
WTI crude oil prices crossed a major milestone when they traded above $70 per barrel for the first time since late 2014, when prices were crashing from over $100 to ultimately under $30. With the recent gains, crude oil prices are up over 16% YTD now and 52% over the last 12 months. The most…
TD Research discusses the USD outlook and notes that its direction is the clear driver of the FX markets now. Here is their view, courtesy of eFXdata: “It is noticeable how the bulls have resurfaced after an extended period of hibernation…We still believe the move hinges on an unwind of a well-populated short USD that…
