Yesterday’s Trading: On Tuesday the euro/dollar closed slightly down, leaving the shade at a 1.1348 maximum. I can’t explain what caused the turnaround for the euro after the inflation report came out up. Perhaps it was because of rising oil prices. When it became clear that the US April CPI came out better than expected,…
Of course the markets have been causing losses among the bulls as well as the bears. This is what they do and MUST do before they can actually make a decisive move of the nature we are looking at ahead. It becomes rather amusing to what the so called professions end up constantly wrong so they start…
Crude oil prices rose to a seven-month high, with the WTI contract claiming a foothold above the $48/bbl figure after a private-sector estimate from API showed inventories fell by 1.14 million barrels last week. Newswires likewise pointed to continued supply disruption in Canada as a catalyst, noting that wildfires forced Suncor Energy to evacuate three sites…
Amazon vs Wallmart The electronic commerce and cloud computing company, Amazon, which is based in Seattle, Washington is once again outpacing its own achievements and looks to be infinitely growing. Amazon, who surpassed Walmart as the most valuable retailer in the United States by market capitalization, is looking to make history once more. The firm is on…
Just days after Bank of America’s equity team joined Goldman, JPM, Citi, UBS and pretty much every other bank (and Gartman) forecasting a market drop in the imminent future with a report laying out “Nine “Reasons To Worry” About A Big Market Drop”, BofA’s cross asset team led by chief investment strategist Michael Hartnett is…
Home construction estimates continue to suggest the same kinds of economic imbalances unchanged from last year. While construction of single family homes had been rising, that increase was not nearly as widespread and voluminous to indicate that the real estate market had been restored by full economic restoration (jobs, jobs, jobs). Apartment construction, on the…
Having pointed out the gathering storm in VIX ETPs, raised concerns of a “reasonably high probability” of a large drop in stocks, and explained how complacently short-term risk is being priced, Goldman’s portfolio strategy team have unleashed a dramatic warning. Shifting to an overweight cash position for the next 3 months, Goldman warns “we downgrade equities to Neutral over 12 months…
Here’s your swing-trading watch-list: Short Aflac (AFL) Short Air Leasing (AL) Short eBay (EBAY) Long J.P. Morgan Chase (JPM) Long Bank of America (BAC)
The message is clear: the U.S. Federal Reserve WANTS to hike rates a few more times this year. Various Fed officials started this week with speeches and interviews discussing their desire to hike rates again as early as June and for a total of two or three hikes in 2016. The response is also clear: financial…
Photo Credit: Mike Mozart Target Corp. (TGT) Consumer Discretionary – Multiline Retail | Reports May 18, Before Market Opens Key Takeaways The Estimize consensus is looking for earnings per share of $1.21 on $16.35 billion in revenue, 1 cent higher than Wall Street on the bottom line Digital sales continue to be a focus for Target, growing…
