Why Investing Should Be Boring
In this world of constant news flow, and rapid access to financial data, it’s easy to forget the difference between investing and trading. Many amateurs (and most professionals for that matter) seem to confuse the two concepts, engaging in a strange hybrid of the two philosophies. “Trading and investing are based on two very different…
Commodity Clobbering Continues As Amazon Lifts Futures
After yesterday’s latest drop in stocks driven by “old economy” companies such as CAT, which sent the Dow Jones back to red for the year and the S&P fractionally unchanged, today has been a glaring example of the “new” vs “old” economy contrast, with futures propped up thanks to strong tech company earnings after the…
EU Session Bullet Report – AUD/USD Hammered, Oil And Gold Follow...
USD recovered some significant ground versus most currencies and commodities helped by solid job data. Initial jobless claims dropped to 255k versus expectation of 275k. In the UK, Retail Sales were terrible. -0.2% versus expectation of 0.3% resulting in a 170 pip move lower to 1.5500 from 1.5670. The biggest mover today in Asia was…
GBP/USD Falls Significantly During Trading
The GBP/USD pair initially tried on Thursday, as the 1.57 level offered far too much in the way of resistance. The market fell significantly at that point in time, and crashed into the 1.55 level. This area should be important, but I see a more important line below, as shown by the uptrend line on…
Hormel Dividend Stock Analysis
Hormel Foods (HRL) has quietly assembled a large portfolio of well-known food brands… The image below shows many of the company’s well-known brands. The company’s more successful brands include: Skippy peanut butter, Spam, Dinty Moore, Jennie-O Turkey, Muscle Milk, and the recently acquired Applegate Farms. The Applegate Organics Acquisition Hormel recently acquired Applegate Farms for $775 million. Applegate…
Early US Macro Clues For July Look Encouraging
There’s precious little hard data at this point for profiling the US economy in July, but the preliminary numbers so far suggest that growth will prevail and the manufacturing sector’s recent weakness will give way to a modestly stronger trend. We’ll know more when we see today’s flash July data for the US manufacturing purchasing…
Happy 50th Birthday To “Junk Silver”
Under the original Coinage Act of 1792, drafted by Alexander Hamilton, the penalty for debasing a coin was death. Under that law, President Lyndon B. Johnson was guilty of a capital offense. Fifty years ago today, Johnson signed the Coinage Act of 1965, setting into motion five decades of currency debasement that continues today. Under…
1.5 Million Teens Don’t Think They Can Get A Job In This Ec
One of my first paid jobs was washing dishes in the restaurant of a Holiday Inn. I was 13, and lied on the application that I was 16, the minimum age they would accept. It wasn’t a glamorous position, but it did provide a paycheck. And it came with all of the vagaries you’d expect…
Gold “Flash-Crashes” Again Amid Continued Commodity L
As Bridgewater talks back its now widely discussed bearish position on fallout from China’s equity market collapse, Chinese stocks rose at the open (before fading after ugly manufacturing data). However, liquidations continue across the commodity complex in copper, gold, and silver. Though not on the scale to Sunday night’s collapse,the China open brought another ‘flash-crash’ in precious…