The US core PPI surprised to the upside Tuesday. Source: Investing.com Improved pricing power for US firms? Hardly. Did you ever have the feeling of being ripped off at the gas station when oil prices are falling while prices
Burger chain Habit Restaurants Inc. (HABT) has reportedly priced its initial public offering (“IPO”) of 5 million shares of its Class A common stock at $18.00 per share, higher than the expected range of $14.00 to $16.00 per share. valuing
Having noted rather pointedly that “there’s a subsidy in the marketplace that’s worked out definitely to those that are holding equities,” Santelli warns, when The Fed removes it, “it creates a problem for equities.” However, when he is asked about
It was a decent, yet unspectacular day for the indices. Early losses were clawed back by the close, but there was no push higher. The S&P is nicely positioned to gain. The inside day at oversold conditions is typically bearish,
I saw a headline this week that actually made me laugh out loud: “Japan’s economy makes surprise fall into recession.” Surprise? Really? Japanese GDP shrank by 1.6% last quarter after shrinking by 7.3% in the second quarter. The culprit? Japanese
Better watch out, better not cry, ProTrader Mike is going to tell you why…the Dow is about to take a crashing you know…. What is the Megaphone Pattern? A megaphone pattern is considered bearish, indicating that the current uptrend may
There was intraday commentary here and here. Gold in particular is hitting stiff resistance at a key resistance point. It is not the breakout point, but it does offer some threat if momentum can build to the next level. This is how I
Perhaps one of the only bright spots in the Irish economy is the prospect that they might recover some of their damaged monetary strength by creation of new Irish public banks. After the European Central Bank had its way with stripping the country
The word “volatile” comes to mind when reflecting on today’s cross-asset class action. US equities dumped into and beyond the US open, decoupling entirely from JPY carry, only to reverse perfectly at the European close and recover all the way