So, I’m sitting here agonizing over whether I should sell short the U.S. Treasury bond market (TLT) once again. Thanks to the bombshell Israel announced alleging the existence of a secret Iranian nuclear missile program, oil has rallied by 2%,
May 8, 2018
While it looks as if we’ve got a major trend reversal in place for interest rates, the short-term shows waning momentum. That means don’t panic.
Despite the exit of U.S. from the Iran Deal there was no real damage done to the market. In fact, some indices are well positioned to benefit. Best of these looks to be the Russell 2000. Today’s close left the index
To date, 2018 has been a particularly rough year for investors in US treasury bonds. After starting the year with a yield near below 2.5%, the benchmark 10-year bond has seen yields surge to a high of nearly 3.05%, corresponding
Etsy Inc. (ETSY – Free Report) just released its latest quarterly financial results, posting earnings of 10 cents per share and revenues of $120.9 million. Currently, ETSY is a #2 (Buy), but that could change based on today’s results. Shares of the
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium
WTI/RBOB prices ended the day lower but bounced a little after Trump’s statement, running flat into API but a pushed WTI briefly back above $70 following a surprise crude draw (and large product draws). API Crude -1.85mm (+1mm exp) Cushing +1.653m
UPCOMING RISK EVENTS: USD: PPI m/m, Core PPI m/m.EUR: N/A.GBP: N/A.JPY: N/A. GOLD 30 min 4 Hours Daily My Bias: Long to a new all-time high above 1827. Wave Structure: Impulse structure to a new high.Long-term wave count: wave [iii] above 1666. GOLD
A review of the day’s trading in precious metals markets. Video Length: 00:10:01
I concluded that the absolute value of corporate earnings does not consistently lead the stock market in a previous study. I.e. sometimes corporate earnings fall before the stock market falls, sometimes the stock market falls before corporate earnings fall. But what
