Natural gas prices were able to grind higher again today as we added GWDDs to our forecasts for next week. This fit with our general expectations for the week; on Wednesday our Afternoon Premium Update highlighted that there was further
November 3, 2017
The S&P Equal Weight is holding nicely in a sideways pattern, but the bullish percents continue to point lower. We’ve seen this before. The market pauses while the overbought condition is worked off. Momentum is still pointing lower too,
The market ended mostly higher last week as investors digested a slew of earnings, economic and central bank data. Nearly every major central bank in the world continues its easy money stance. Even though the Fed, and a
Every week we post an update on new unemployment claims shortly after the BLS report is made available. Our focus is the four-week moving average of this rather volatile indicator. The financial press generally takes a fairly simplistic view of the latest
Last week saw a number of telecom companies posting strong quarterly results. However, this could not cheer investors, as stocks of most telecom majors lost value. Wireless Tower operators American Tower Corp. AMT and SBA Communications Corp. SBAC, regional telecom operator Cincinnati Bell
Chesapeake Energy Corporation (NYSE:CHK) stock seems to have stabilized today after tumbling on Thursday following the company’s third-quarter results. One would have thought that the Chesapeake Energy 3Q17 earnings beat would’ve been good news, but it was paired with something
Nobody seems to care, but then again they didn’t in 2014, either. Almost seems quaint by comparison. And both charts are almost surely related, so there’s that.
In what was otherwise a mediocre jobs report, in which the establishment survey reported that a lower than expected 261K jobs were added to the post-Hurricane economy, the biggest surprise was not in the Establishment survey, but the household, where
Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns. In a “normal” market environment — one with conventional business cycles, Federal Reserve policy, interest rates and inflation
