The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to tick higher in the September update that’s scheduled for tomorrow (Oct. 22), based on The Capital Spectator’s average point forecast for several econometric estimates. The projection for +0.05 is slightly above August’s +0.01 reading, which reflects US economic activity that’s close to the…
The EUR/USD pair tried to rally during the course of the day on Tuesday, but continues to show trouble right around the 1.14 level. This is an area that sees quite a bit of resistance, and as a result we turned back around to form a shooting star. That is not a big surprise in…
Kimberly-Clark Corporation (KMB – Analyst Report) is one of the leading players in several consumer product categories including diapers, paper goods, and female personal care. Kimberly-Clark regularly focuses on improving its products through innovation in order to remain competitive and drive growth. Kimberly-Clark’s cost saving measures, regular innovations, growth initiatives and a strong international presence are strong pillars…
Boeing (BA) and Coca-Cola (KO) released their latest earnings reports before opening bell this morning. Boeing posted adjusted earnings of $2.52 per share and revenue of $25.8 billion, a 9% year over year increase. Analysts had been expecting $24.7 billion in revenue and $2.21 per share in adjusted earnings. Coca-Cola reported comparable earnings of 51…
What an insane market! At 4 am, just after Europe opened, the Futures blasted off for no particular reason. Lines of the moment are /YM 17,200 (below), /ES 2,035 (below), /NQ 4,450 (below) and /TF 1,165 (below) with /ES at 2,028.5 playable short with a stop over 2,030 (or any of the others going over) and…
With respect to the S&P 500, this is an important question: Who wins, 2040/2060 resistance or the pattern’s measurement? It’s a simple question because it’s a simple chart.
On the face of it, Greeks are some of the most industrious people in the world. Almost a third of the work force is self-employed. That’s double the average of other Europeans who strike out on their own, and far above America’s 7%. But for all of their ambitions and effort, these same Greeks appear…
Oil prices headed south Wednesday on reports of continued buildup of U.S. crude inventories impacting further on global oversupply. Brent crude for December delivery had fallen 14 cents to $48.57 a barrel while U.S. crude for December delivery dropped 27 cents at $46.02 a barrel. The November contract, which expired on Tuesday, finished down 34…
In a recent interview, Howard Marks, the great investor and co-chairman of Oaktree Capital, quoted the original Dr. Doom, Henry Kaufman, who once said “There are two kinds of people who lose money: those who know nothing and those who know everything.” Those of us who are selling investment services, whether portfolio management or investment…
Hot stocks of the day: EMC, YHOO, EEM, GM, MU Video length: 00:04:53
