Video Length: 00:06:55 Talking Points: – AUD/USD slips as concerns over China mount. – EUR/AUD, EUR/CAD mostly stuck in recent ranges ahead of ECB. – See the October forex seasonality report that favors US Dollar weakness. We’re now in the two-day stretch of central bank activity, with the Bank of Canada set to meet today (14:00 GMT) and the…
General Motors (GM) and EMC (EMC) released their latest earnings reports before opening bell this morning. GM posted adjusted earnings of $1.50 per share, a 55% year over year increase that smashed the FactSet estimate of $1.18 per share. The automaker’s revenue came in at $38.8 billion, compared to the consensus estimate of $37 billion….
With Wal-Mart (WMT) sales and profits falling, pundits are asking if the economy is again headed down. Hardly, like IBM (IBM) and other business icons in trouble, the Arkansas retailer is simply being squeezed by better competitors—and mostly Americans—who herald a new age of American innovation. Wal-Mart’s recipe for success was simple. Through a detailed…
So you’re the sort of person that’s always fashionably late to the party? The kind that the rest of the family lies to and tells the party starts an hour earlier than it really does. You can be as cool as you want to be when it comes to little Timmy’s First Communion, but don’t…
Early bear market rally or just a simple correction in a much longer bull market? That has been the topic of conversation. The reality is we are still below the 200 Day moving average which is a negative. Some leading stocks have become to breakout such as UVE and NKE, however some sector leaders broke…
Have you noticed how often conservatives who disagree with a policy proposal call it a “job killer?” They’re especially incensed about proposals to raise the federal minimum wage. They claim it will force employers to lay off workers worth hiring at the current federal minimum of $7.25 an hour but not at a higher minimum….
26 years ago, today was envisioned as day when cars flew, holographic movies were box office hits, hoverboards roamed, and people were fired by fax. None of the happened – except maybe the fax thing when people still used those some 20 years ago. Instead the only “back to the future” moment this morning is…
Deutsche Bank’s chief international economist advises that the US isn’t tipping into a recession. “There is a big disconnect between the current narrative in both equity and rates markets and the actual economic data,” he says via Bloomberg. “This economy is stronger than its reputation and for some reason many investors want to hold onto…
The replication of the broader U.S. market – the S&P 500 index (SPY) – may be surging lately on Fed-induced optimism, but on the year-to-date frame it is still a laggard (as of October 15, 2015), having slid about 1.6%. Relentless global growth worries, be it over China, Europe, Japan or the emerging market block…
During the session on Wednesday, the only announcement that we have coming out will be the crude Oil Inventories number, which of course can move the WTI Crude Oil market in the United States, and an interest-rate announcement coming out of the Bank of Canada. Ultimately, this is a market that will probably continue…
