If you thought today’s inventory build numbers would add to GDP estimates, you thought wrong. The Atlanta Fed GDPNow Forecast slipped to 2.0% today following recent economic reports. GDPNow Latest forecast: 2.0 Percent – April 10, 2018 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 2.0…
David Erfle, Founder of The Junior Miner Junky joins me today for another look at the PM sector and the stocks. He points out a number of factors that have him optimistic for a near-term breakout. Some of these factors include… GDX trading at a level similar to early/ mid-2016 when gold was $150 lower, a…
Audio Length: 00:13:55 Heightened concern that the U.S. and China will initiate a full-blown, tit-for-tat trade war has dominated the attention of investors around the world in recent weeks. This has inspired fresh volatility, which has, in turn, taken the wind out of the sails of the previously red-hot technology sector. Plenty of investors are…
There are several well known large cap stocks going ex-dividend next week including the following: AT&T, Darden Restaurants, General Mills, Verizon, The Gap, Accenture, General Growth Properties and Hormel Foods. Ex-dividend dates are important to dividend investors because one must own a stock on its ex-dividend date in order to be eligible to receive its next dividend. Any…
Shares of Tandem Diabetes Care (TNDM) jumped in morning trading after the company reported preliminary sales for the first quarter that exceeded analysts’ expectations. PRELIMINARY Q1 RESULTS: Tandem Diabetes said before the market open that preliminary sales for Q1 were $27M, up 42% from last year and exceeding analysts’ consensus estimates of $24.99M. Pump shipments…
With all of the concern over inflation recently, nowhere do rising prices hit closer to home than at the gas pump (unless you’re driving a Tesla of course), and as you might expect given that crude oil prices are in the mid-60s, prices at the pump have been on the rise. According to AAA, the national…
For a little more than two weeks, we have been monitoring the formation of a possible head and shoulders top in the US dollar against the Canadian dollar. The neckline broke a week ago. It is not uncommon for the neckline to be retested after the break. That was what happened yesterday. The US dollar recorded an outside down…
One of the more important reports emanating from the Bank of Canada is its quarterly update on business conditions since it sets out both positive and negative factors underlying the qualitative strength of the economy. Parsing the report,[1] we find that: The overall outlook is positive. While on balance the outlook for sales remains positive, firms…
The main drivers of global stock, bond, and gold markets are interest rates and demographics. Unfortunately, most investors focus on items that get a lot of media attention but are almost irrelevant to price discovery in the markets. I’ve predicted that there will be no trade war, but governments around the world will roll out…
MIAMI – During the legendary 1998 wrestling match known as “Hell in a Cell,” two professional wrestlers faced off: “The Undertaker” and Mick Foley, aka “Mankind.” The idea was for the two to do their usual stunts – poking, whacking, tossing, and grappling with each other – in a metal cage. And in a crescendo…
