New York municipal bond mutual funds invest in municipal debt obligations of issuers from the state. It provides the state’s investors stable income exempt from Federal and New York income tax. Meanwhile, municipal bonds, informally called “munis” are debt securities issued by state and local governments to borrow money. These are preferred by investors seeking…
In a curious event, ZeroHedge reports The September Jobs Report Was Even Worse: U.S. States Lost A Total of 22,000 Jobs. Zero Hedge noted that the month-over-month total of nonfarm payrolls was -22,000 while the nonfarm total was well over 100,000 nationally. He posted this chart. Click on image to enlarge Those numbers match my totals….
Google (GOOG) closed on the devil’s number $666.10 in after-hours trading on the 19 October 2015. The stock was currently trading at $646.86 (down 2.90% or $19 lower) for the day on 20 October 2015. The stock’s price/earnings ratio is 30.64 with an EPS of 21.37. The total number of shares outstanding is 685.54 million….
GBPUSD: GBP continues to hold on to its downside bias failing at the 1.5505 level to close lower on a rejection candle on Tuesday. While it remains below the 1.5508 level and its 200 EMA, our bias remains to the downside. Resistance resides at the 1.5508 level. A violation of here will clear the way…
The big economic number next week will be the Q3 Advance Estimate for GDP on Wednesday the 28th at 8:30 AM ET. With the volatile first two quarters behind us with their real annualized rates of 0.6% in Q1 and 3.9% in Q2, what do economists see in their collective crystal ball for Q3 of…
1. Japan’s trade balance was worse than expected in September. It posted a JPY114. bln deficit. A small surplus was expected. Exports rose a mere 0.6% compared with expectations for a 3.8% increase. In volume terms, exports have fallen nearly 4%. It is hard to see how some many people think a 3.5% decline in…
As Q3 earnings season ramps up, 3 major companies — Yahoo (YHOO – Analyst Report), VMWare (VMW – Snapshot Report) and Chipotle (CMG – Analyst Report) — have all reported earnings after the bell Tuesday. Let’s start with Yahoo: earnings per share of 10 cents (accounting for stock-based compensation expenses and other before-nonrecurring-items) on $1.23 billion in revenues for the quarter….
At mid-year of 2014 West Texas Intermediate (WTI) crude oil prices were trading over $100 per barrel. Just over a year later, WTI is now priced at just under $50 per barrel. This steep fall in crude prices has confounded the market from the standpoint of the magnitude of the price decline. Is the price…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 13 = 17,217 SPX – 2 = 2030 NAS – 24 = 4880 10 YR YLD + .04 = 2.07% OIL – .34 =45.56 GOLD + 5.20 = 1176.80 SILV + .07 = 16.00 Housing starts rose in September as builders ramped up construction…
We just got more evidence that the middle class in America is dying. According to brand new numbers that were just released by the Social Security Administration, 51 percent of all workers in the United States make less than $30,000 a year. Let that number sink in for a moment. You can’t support a middle…
