Author Archives: Darren Marchal

The Start Of The Loonie Bull Run?

Although the financial press is all lathered up about the last minute trade agreement reached between the Americans and the Canadians, I am left asking, “what’s the big deal, eh?” Did we really expect anything different? Sure, Trump blustered about how much he didn’t like the Canadian negotiating team and that we had been taking…

The Start Of The Loonie Bull Run?

Although the financial press is all lathered up about the last minute trade agreement reached between the Americans and the Canadians, I am left asking, “what’s the big deal, eh?” Did we really expect anything different? Sure, Trump blustered about how much he didn’t like the Canadian negotiating team and that we had been taking…

Consumer Confidence Soars To 18-Year High: 5 ETFs To Buy

U.S. consumer confidence soared to an 18-year high in September. Households seem to be pretty confident about the labor market and robust economy in spite of escalating trade war tensions between the United States and China. This is welcome news for retailers, especially as the holiday season is about to kick-off. The Consumer Confidence index…

Market Talk- Monday, Oct. 1

The refreshing news that the US and Canada had reached an agreement, that would replace NAFTA, encouraged markets across the world today. Starting in Asia the Nikkei managed to add +0.5% even as Confidence (a Bank of Japan statistic) declined yet again. However, the Nikkei rally was at the expense of the Yen, which late…

September, Q3, And YTD 2018 Asset Class Performance

Below is a snapshot of total returns for various asset classes through the first three quarters of 2018. In September, we saw gains for the S&P 500 and Dow 30, but we saw declines for the Nasdaq 100 and small-caps. The Technology sector was also down in September along with Financials, Materials, and Utilities. Outside…

Euronet Jumps Following Visa Rule Change For ATM Transactions

Shares of Euronet Worldwide (EEFT ) rallied during the session after the company acknowledged press reports of Visa International’s (V) rule change to allow dynamic currency conversion on global ATM transactions. WHAT’S NEW: Euronet acknowledged in a press release this morning the media reports that Visa notified its members on September 27, 2018, that it…

October 2018 Economic Forecast Index Declines

Econintersect’s Economic Index (EEI) moderately declined but still remains well into territory associated with normal expansions. Analyst Summary of this Economic Forecast Overall the decline this month is significant. Last month we warned that we are seeing mixed trend lines – which usually happens when there is an overall reversal in trends. The forward-looking leading…

Earnings And Guidance Trends This Season

More than 1,500 stocks have now reported Q2 earnings, and as shown below, the percentage of them that have beaten consensus EPS estimates is down slightly this quarter versus the last two quarters. Forward guidance numbers have been more positive than negative thus far. The chart below shows the spread between the percentage of companies…