Wall Street has been on a roller-coaster ride this year. Yet, the small-cap segment of the broader market has been outperforming, defying extremely volatility. This is especially true as the Russell 2000 is nearing its record levels with just less than 1% away from its peak. Why Small Caps? Global sentiments have been deteriorating due…
BRITISH POUND TALKING POINTS GBP/USD snaps the range from the previous week following a bulk of data coming out of the U.K. & U.S. economy, and fresh rhetoric from Bank of England (BoE) and Federal Reserve officials may largely influence the exchange rate over the coming days as market participants weigh the outlook for monetary policy….
Piper Jaffray analyst Alexander Potter told investors “robo-taxis” should begin winning share from transportation network companies like Uber and Lyft starting in the early 2020s and could spark a fundamental shift in the way society functions. While pointing out that General Motors (GM) is his favorite way to invest in this theme, the analyst downgraded…
Gold futures (/GC) dropped almost 2% on Tuesday morning, as the dollar index ($DXY) increased 0.75%. Gold broke below $1300 to $1291 per ounce before a small bounce. The dollar rose as interest rates increased, with the yield on the 10-year note reaching as high as 3.065% before falling off. Rates increased after the release…
Retail sales rose 0.3% in April with March Revised 0.2% higher to 0.8%. The Census Bureau report on Advance Retail Sales shows sales roe 0.3% in April. Key Points Advance estimates of U.S. retail and food services sales for April 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $497.6…
The Dow Jones Industrial Average has gone up 8 days in a row (using CLOSE $). What’s unusual is that this is happening before the Dow has hit a new all-time high. These “up 8 consecutive days” events usually happen when the stock market is making new highs. Here are the historical cases in which…
You probably haven’t heard of Fleetcor Technologies (NYSE: FLT) stock and for good reason. It is in a boring space that doesn’t get much press coverage. After all, it isn’t involved with building spaceships to go to Mars, nor is it buying companies in the hope to dominate the world. Instead, Fleetcor Technologies does what it is…
US Retail Sales mostly met expectations, but revisions were to the upside. The US Dollar was already on the move ahead of the release on higher yields The US Retail Sales report was only an excuse. The real story is the resumption of the rally in 10-year yields. US yields are above 3.05%, the highest…
After four straight months of m/m declines, homebuilder sentiment finally saw a bounce this month, rising from a six-month low of 68 last month to 70 in May. While homebuilder sentiment is still pretty well off its highs from December, the trend of higher highs and higher lows remains intact. The table below breaks down…
Most analysts in both the gold and mainstream investment communities seem to be in “summer doldrums” mode. They are nervous about stock markets because of rate hikes and the late stage of the business cycle. That’s understandable. Unfortunately, they also seem to be unaware of the fabulous uptrends developing in many gold stocks. In…
