Written by Eric Bush, CFA It only took about six weeks for North American consumer staples stocks to go from short-term overbought to short-term oversold. On July 20th, 88% of DM Americas consumer staple stocks were trading above the 50-day moving
September 12, 2016
Wall Street threw a lid on the semi-panic breakdown Friday; and that’s no surprise. It was our view that they wouldn’t let this go without a rebound; and they didn’t. That’s not a reassurance however, as although the market turn
With stocks soaring, now that the “Brainard” risk factor has been fully unwound after the Fed governor’s surprisingly dovish speech which has essentially killed any probability of a September rate hike and unleashing today’s “Violent Rally In Risk” as predicted
On Friday we had one those gigantic down days we see every so often on big volume and a horrendous advance decline line. The type of move off a top that almost always leads to more immediate downside. That is until
We discuss the Natural Gas Market in this video. We concentrate on the technicals, and what they are indicating regarding the market. Lots of people are bullish Natural Gas from a Macro perspective. Video Length: 00:25:05
The yield on the 10-year US Treasury closed at around 1.68% today, but judging by the haughty commentary surrounding global bond markets you would be forgiven if you thought it was 2.68%. Since the low in July around 1.37%, that
Last Friday the stock market tanked following another monetary policy maker’s statements about interest rates. It seems investors are, yet again, willing to believe the Fed intends to raise interest rates despite the reality of a bad economy. Policy makers
Well, true to form, Gartman deciding to go bearish has completely wrecked things for the bears (although I guess I should be grateful he was “pleasantly long”, whatever the hell that means, on Friday morning). If there was such a thing as an Inverse Gartman Fund (which is
The odds of a rate hike coming out of this month’s Fed meeting shot up last week, roiling not just the Treasury market, but stocks and gold as well. Well, “shot up” may be overstating things a bit. The
DENVER, Sept. 12, 2016 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced that it has priced an offering of $400 million aggregate principal amount of 6.125% senior unsecured notes due 2024 (the “notes”).The offering is
