On the basis of a measly 0.1% decline in the Case-Shiller 20-City Home Price Index, Bloomberg Econoday concludes speculation isn’t a risk. Why do I read keep reading Econoday? Entertainment value. Highlights Add Case-Shiller to the list of home-price data that are slipping. The 20-city adjusted index fell 0.1 percent in data for June for the third straight…
Bob Evans Restaurants (BOBE): The restaurant chain has fallen victim to changing consumer dining preferences. While earnings have beaten expectations in recent quarters, revenue has been sideways for almost 2 years now. The stock has been just as tepid, falling 11% in the past 12 months and nearly flat year to date. Early indications suggest tomorrow’s…
A review of the day’s trading in the agriculture markets. Video Length: 00:09:23
Psychological Risk is perhaps the biggest hurdle in trading for your own account. There are tons of books written about it. There are tons of essays discussing it and there’s even an academic study around this which is termed “Behavioral Finance“. I highly recommend taking the time to read the paper that was written by…
Here’s one of the more intriguing trade setups that is out there in Goldman Sachs (GS). The consolidation was extremely tight over the past few days and now it is coming out of it quite nicely the potential for the $180’s in the coming days/weeks. You also have a major double bottom-pattern that comes in as standard-textbook…
After last week’s surprise crude build (biggest in ~4 months) and builds across the entire complex, API reported a crude build of 942k barrels (just shy of expectations of +1.5mm) and while Cushing and Gasoline saw draws, Distillates saw a major 3mm barrel build (+275k exp). The initial reaction in crude was to extend the day’s…
If a bond has a negative yield, then the bondholders will lose their money on their investment. In the long run, their expectations are lower and consequently they lose the incentive to invest — which may have far-reaching repercussions. Green Bonds Are Changing Investor Expectation’s The rapid growth of the green bond market has sparked…
Notice from the charts that the equities have by and large been chopping sideways in a range for the last couple of weeks. I expect some action towards the month end this week, and of course around the Non-Farm Payrolls, but no real moves until September and October. The market is fully valued fundamentally, but…
Here is the daily BKX stringing several up days together, but starting to get over bought. I have held the Regional Bank fund KRE since BKX boinked the trend line and lateral resistance (now support).Below is the weekly multi index chart it occupies along with the Semi and Biotech indexes. The key level was the…
The Problem Let’s keep it simple – no need to get into the details to understand what this and other international corporate income tax disputes are all about. Apple’s CEO Tim Cook said: “A company’s profits should be taxed in the country where the value is created.” He is right. And that is the rub….
