In the biggest quarterly shocker out of the Harvard Endowment, which one year ago surprised Wall Street when it revealed that its biggest investment was junk bonds, yesterday we showed that the investing fund representing the world’s most prestigious university had concluded there was no better investment than FAANG stocks, or specifically Apple, Microsoft, and Google, as just these…
US DOLLAR GAINS ON RETAIL SALES, YIELDS RUN HIGHER The US Dollar (via DXY Index) has rallied to its highest level of 2018 following this morning’s April US Advance Retail Sales report. The look at sales revealed a solid pace of buying by US consumers, underpinning what should be considered a stable growth environment. Even…
More than any other asset, gold invokes strongly-defended positions among both its proponents and detractors. Whether you believe gold is “historically the only true form of hard money” or “just a yellow rock with few industrial uses,” it still pays to keep an eye on the price action and evaluate the current trend. For more…
Billion Dollar Unicorn player GitHub was founded in 2008 by Tom Preston-Werner, Chris Wanstrath, and PJ Hyett to expand the open source operating system market that was developed by Linux. GitHub’s Offerings The founders of GitHub were inspired by the need to bridge a gap that they noticed in Linux. Linux’s developer Linus Torvalds had already…
The Census Bureau’s Advance Retail Sales Report for April was released this morning. Headline sales came in at 0.3% month-over-month to one decimal and was slightly below the Investing.com consensus of 0.4%. Core sales (ex Autos) came in at 0.35% MoM (to two decimals). February and March figures were revised. Here is the introduction from today’s report:…
BTC/USD Bitcoin fell against the US dollar initially during trading on Monday but found enough support near the 8300 level to turn around and form a hammer. This obviously is a very bullish sign, but we also have a significant amount of resistance built into the $9000 handle. If we can break above there, the…
Last week Czech antivirus software group Avast came to market and had a rough time, in part because its own site was hacked last week, which rather hurts its credibility. Avast says that the attempt to blackmail those who downloaded the popular free version into paying for its services to get rid of blockages installed to “protect”…
Due to diverging RBNZ and RBA monetary policies, the AUD/NZD has formed a strong uptrend breakout above the order block / MH3 confluence. Technically, if the price retraces to 1.0750-75 we should see another bounce towards 1.0876. However, another close above 1.0876 should provide a continuation towards 1.0926 and 1.0944. Around 1.0950 we might see…
The Home Depot, Inc. (HD – Free Report) , the world’s largest home improvement specialty retailer reported first-quarter fiscal 2018 adjusted earnings of $2.08 per share that came ahead of the Zacks Consensus Estimate of $2.06. Also, quarterly earnings jumped 24.6% year over year. Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has witnessed a downtrend in…
Swing trades are aligned with cycles, and cycles do exist as nothing moves in a straight line. Video Length: 00:11:38
