After market today, (AMZN) reported another blow-out quarter, especially in its cloud services, which climbed 81% in revenue. AMZN stock soared to above $570 at one point! (V) shares popped more than +7% as its earnings vaulted 25%. (SBUX) reported quarterly profits that increased 22%, sending its shares up more than +5% this evening. Between these three companies, you can see…
Gold prices initially rose during yesterday’s Asian session but the market encountered resistance around the $1103 level as sellers stepped in. The dollar gained strength after a Labor Department report showed that the number of people filing new claims for unemployment benefits dropped by 26K to 25K. As a result, the XAU/USD pair closed back…
As goes the world, so goes America (according to 30 years of historical data), and so when world trade volumes drop over 2% (the biggest drop since 2009) in the last six months to the weakest since June 2014, the “US recession imminent” canary in the coalmine is drawing her last breath… As Wolf…
by Sam Seiden, Online Trading Academy In a previous article we talked about the “Common Mistakes with your investment: Losses.” We covered how some of the common investing strategy mantras like “buy and hold” haven’t worked over the last decade and a half with the S&P 500 index averaging a meager 2% annual return. We also…
Question: Why are there so many ETFs? Answer: ETF providers tend to make lots of money on each ETF so they create more products to sell. The large number of ETFs has little to do with serving your best interests. Below are three red flags you can use to avoid the worst ETFs: …
I have been bearish on China manufacturing and growth in general for years. It is no surprise to me that news is generally negative. For example, on news today that China’s PMI “unexpectedly” declined Yahoo!Finance reported China Factories Falter, Commodities Take the Hit. Activity in China’s factory sector seemingly contracted at the fastest pace in 15…
This week in the WSJ, Justin Lahart notes “China Wind Chills U.S. Earnings”, and presents an interesting graph of import prices, which inspired me to look more closely at the issue. In Figure 1, I reproduce the graph, with a slightly longer time span, augmented with the Chinese producer price index. Figure 1: Year-on-year percent change (in…
The Euro edged above the $1.10 level on Thursday, as FX traders still consider abandoning ship on the US Dollar. In the past month, the US Dollar has surged nearly 5% against the Euro, but this week its positive momentum has faded, with analysts expressing some wariness that the year-long rally might be finally reaching…
Well if you ever needed PROOF that gold is not money but rather simply an asset class, all we need do is look at what governments are doing. They are hunting for anything of value. We are likely going to see a migration of assets from Europe to the USA as took place prior and during World War I…
Manufacturing PMI numbers coming from both sides of the Atlantic During the session on Friday, there will be Manufacturing PMI numbers coming out of Germany, France, the European Union, and of course the United States. With this, it appears that the markets will focus on transatlantic movements, and as a result we are paying attention…
