Author Archives: Darren Marchal

Oil And Gasoline Spike While Trump Does “Deal Making”

Calling it “a horrible one-sided deal that should have never, ever been made”, President Trump declared last Tuesday that the U.S. will pull out of the Iran nuclear deal made under the Obama administration. The United States is now preparing to reinstate all sanctions along with additional economic penalties on Iran. French President Emmanuel Macron,…

5 Market-Beating Small-Cap ETFs Trading At New Highs

Wall Street has been on a roller-coaster ride this year. Yet, the small-cap segment of the broader market has been outperforming, defying extremely volatility. This is especially true as the Russell 2000 is nearing its record levels with just less than 1% away from its peak. Why Small Caps? Global sentiments have been deteriorating due…

Gold Drops As Rates Rise – Cycles Show Bottom Is Near

Gold futures (/GC) dropped almost 2% on Tuesday morning, as the dollar index ($DXY) increased 0.75%. Gold broke below $1300 to $1291 per ounce before a small bounce. The dollar rose as interest rates increased, with the yield on the 10-year note reaching as high as 3.065% before falling off. Rates increased after the release…

April Retail Sales Rise 0.3% In Line With Consensus

Retail sales rose 0.3% in April with March Revised 0.2% higher to 0.8%. The Census Bureau report on Advance Retail Sales shows sales roe 0.3% in April. Key Points Advance estimates of U.S. retail and food services sales for April 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $497.6…

Why Smart Investors Are Buying Fleetcor Technologies

You probably haven’t heard of Fleetcor Technologies (NYSE: FLT) stock and for good reason. It is in a boring space that doesn’t get much press coverage. After all, it isn’t involved with building spaceships to go to Mars, nor is it buying companies in the hope to dominate the world. Instead, Fleetcor Technologies does what it is…

The Dollar Roller Coaster Is Back

US Retail Sales mostly met expectations, but revisions were to the upside. The US Dollar was already on the move ahead of the release on higher yields The US Retail Sales report was only an excuse. The real story is the resumption of the rally in 10-year yields. US yields are above 3.05%, the highest…

Homebuilder Sentiment Bounces Back

After four straight months of m/m declines, homebuilder sentiment finally saw a bounce this month, rising from a six-month low of 68 last month to 70 in May. While homebuilder sentiment is still pretty well off its highs from December, the trend of higher highs and higher lows remains intact. The table below breaks down…