Tomorrow, before the open, earnings season has the opportunity to ignite bullish sentiment in stock… Or torch it. Three influential companies that account for 25% of the Financial Sector ETF (XLF) will report earnings. The companies are, JPM, WFC, and C. Needless to say, the market is likely to take the results from these three…
The May natural gas contract gained a whopping 11 ticks on the day to settle up .4% in a day of relatively slow trading around this morning’s EIA print. Prices were trading lower this morning before continued firm cash prices helped them tick back up again. At 10:30 AM Eastern the EIA announced that we…
Tariff News Driving The S&P 500 The chart below shows the S&P 500 since December. The tariff announcements are labeled along with the 33 day moving average and pivot points. The relative strength index is in the top chart. This correction has been longer than the average one. Judging based on the action before the…
If ETF inflows are supposed to be some type of strong foundation for the market to rest on, Blackrock’s latest quarterly earnings report should be a sign that the bottom could be ready to fall out. The world’s largest asset manager saw its ETF inflows fall 46% in the first quarter from the year prior. Aside from being…
This week the House is expected to vote on a balanced budget amendment (BBA), introduced by Bob Goodlatte (R-VA), chairman of the Judiciary Committee. The amendment would require federal budget outlays to equal receipts each year. Subjecting fiscal policy to rules, rather than allowing it to be driven purely by political impulse, would be a good idea,…
I have spoken about the need for proper diversification and asset allocation in the past. However, there is more to asset allocation than many people suspect when it comes to precious metals. It turns out that how you hold gold can be even more important than holding gold depending on the circumstances. The great virtue…
Starting tomorrow, quarterly results from major banks will kick-off the first quarter earnings season. The resurgence of dormant volatility due to trade war tensions, technology industry woes and inflation will certainly drive trading revenues. A tighter rate environment will also boost net interest margins. Banks are the biggest earnings contributors of the Finance sector. The…
On a day when some war fears subside investors are taking a more risk on approach. US markets are getting a buy while metals and treasuries are selling-off. Chris Temple joins me to outline some of the sectors he thinks are the most important and an area to short when the next recession hits. (Audio…
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Constellation, a horizontally-scalable blockchain for consumer-grade applications, is emerging from stealth this week. The team originally formed to build Rakugo, a decentralized content platform project launched on the Ethereum protocol. After realizing the inherent limitations of Ethereum, they pivoted to develop their own DAG protocol that would be more supportive of projects like Rakugo. FelixMittermeier / Pixabay…
