In case you were too busy watching House of Cards to notice, Netflix (NFLX) is on a bit of a tear right now. The company recently underwent a 7-for-1 stock split, beat earnings estimates, and surged almost 18% the day after announcing second-quarter results. It was already the best-performing stock in the S&P 500 this year by a wide margin,…
With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran’s crude oil supply would further contribute to the already rising global supply glut. The economic crisis in Greece, OPEC’s high production levels and China’s market turmoil have created more pressure on oil…
After a modestly positive open, Chinese stocks have pushed back into the red after Chinese business sentiment collapsed in July. The MNI China Business Indicator fell a straggering 8.8pts to 48.8 in July (below 50 signifying pessimism) – the lowest since January 2009. It appears the encouraging bounce after the massive credit injections into June has…
EU Session Bullet Report – USD on the backfoot Markets are mixed today with the USD showing weakness against EUR but stability versus GBP. Commodity currencies managed to recover from their lows despite the fact that GOLD dropped from 1106 to 1093 overnight. The catalyst for the slide was the revision of the US industrial…
by Keith Jurow, Capital Preservation Real Estate Report For nearly five years, I have offered compelling analysis that the so-called real estate recovery is an illusion. While this evidence has been largely ignored by Wall Street and the pundits, those who heeded my advice in an earlier article to sell certain REITs (VNO, GGP, SPG) and the ETF…
While interest rates in the U.S. are predicted to go up any day now, rates in Australia could be moving in the opposite direction. After cutting the benchmark interest rate twice this year to a record-low of 2 percent, Reserve Bank of Australia (RBA) Governor Glenn Stevens said that additional cuts may be in the…
My critics said I wasn’t educated. They said I didn’t understand the Canadian banking system. Some asserted that I had an agenda. Indeed, my article from January 2015 about the tough times that lie ahead for Canada struck a nerve. No one likes to be told that their home is overvalued or that the stocks they own…
Photo Credit: Lynne Hand One of the constants in investing is that average investors show up late to the party or to the crisis. Unlike many gatherings where it may be cool to be fashionably late, in investing it tends to mean you earn less and lose more, which is definitely not cool. One…
Gold closed up 0.3% at $1100,81 an ounce yesterday, after plunging to the lowest level in five years on Monday, as the dollar took a breather from its recent rally. The XAU/USD pair tried to pass the 1109.70 resistance but the bulls ran out of steam and as a result the precious metal trimmed a…
EU Council President Donald Tusk from Poland is shocked by the fierce debate over the Greek bailout in the EU Parliament. He told the FT: “It was the first time that I have seen radical with such emotions. It was almost half the European Parliament.Therefore, I believe that no one is a political winner in this process, not even…
