A bit of a curious start to the last day of trading with stocks and treasuries getting a buy. Chris Temple joins me to outline that factors at play to end the quarter. We also discuss how political factors have caused some serious volatility in the markets this quarter and what we should expect and…
For the 3rd straight month, Chicago Purchasing Managers are losing their religion as the business barometer is battered to 12-month lows(with the biggest drop in three years). Chicago PMI printed a gravely disappointing 57.4 in March (against expectations of a rise to 62.0 from February’s 61.9 print)… This is below the lowest analyst’s estimate… (Forecast range 59…
On March 21, the Federal Open Market Committee voted to increase the Federal Funds Rate target for the sixth time since December 2015. As the Federal Reserve (Fed) continues to tighten policy, the ability to generate returns in short-dated fixed income has increased. In response, investors have piled nearly $6.7 billion over the last year into two exchange-traded funds (ETFs) that…
Remember LIBOR? The interest rate which soared during the global financial crisis? It’s on the rise again, but almost no one is paying adequate attention to it. We are – and we will analyze for you what this means for the gold market. Hello LIBOR, My Old Friend Simon and Garfunkel sang about darkness, the…
We keep revisiting the concept of “residual seasonality” quite purposefully, even though on its face it is an absurd one. It is in every way emblematic of the current state of Economics and the commentary derived from it. Residual seasonality is the kind of delusion that has become commonplace, a coping mechanism for an economy…
Amazon.com, Inc. (Nasdaq: AMZN) stock settled in for a second consecutive day of declines on Thursday following President Trump’s latest tweet about the online retailer. It seemed to confirm what we heard earlier this week, which was that the president was said to be “obsessed” with Amazon. However, analysts have been quick to try to calm…
DOLLAR BULLS SHOW UP AS END OF Q1 NEARS While equities were on the move earlier in the week with currencies taking a back seat to the action, the roles reversed yesterday as the US Dollar shot-higher while the S&P 500 meandered within a range. The big item over the past 24 hours was a jump of USD strength as DXY rallied back-above…
Our amazing new Stock Seasonality Tool lets users track seasonality trends for any stock, ETF, index, or asset class over any time period throughout the year.With the month of April starting up next week, we wanted to show how the various commodities ETFs have historically performed during the month. The chart below is a direct snapshot from…
Expedia Inc. (Nasdaq: EXPE) delivered a below average 6.4% ROE over the past year, compared to the 8.8% return generated by the Consumer Discretionary sector. Expedia’s results may indicate management is running an inefficient business relative to its peers, which may very well be the case, but it is important to understand what ROE is made…
Bitcoin has tumbled overnight, back below $8,000, and is now down 48% year-to-date, as cryptocurrencies have accelerated lower this week amid the carnage in tech stocks. Bitcoin’s dead-cat-bounce did not last long… But the week has been a bloodbath for all cryptocurrencies… And the overnight weakness is most interesting considering the PBOC appeared to ease back away…
