While the stock market had one of its best months in years, it was, like the jobs report, uncorroborated by almost everything else. The junk bond bubble, in particular, stands in sharp and stark refutation of whatever stocks might be incorporating,
November 6, 2015
Gold and silver were hammered lower right on the release of the Non-Farm Payrolls report. So needless to say we have still not seen any short term buy signals. The number looked like an outlier to me based on a
The best jobs print in 2015 sparked a surge in the dollar and purge on everything else… quickly followed by this from some… …and this from the mainstream media and their sponsoring talking heads. *** Having dipped and ripped on
The Chart of the Day belongs to Fleetmatics (NYSE:FLTX). I found the fleet management software stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of 50.00+ or better, then for technical buy signals of 80% or more and then
The better-than-forecast October employment report presumably strengthened the odds of a December Fed rate hike, but the market’s reaction was surprisingly subdued. The S&P 500 opened fractionally lower, hit its 0.09% intraday high minutes later and then sold off to its -0.77%
Consumer staple stocks seem to have rebounded in October, following August’s market rout and a slump in September. After a weak second quarter, marked by earnings decline, sluggish growth rates and weak revenues, the picture has likely improved in the
And so begins the healing process after the ritual known as the periodic ‘Running of the Gold Bugs’. As of Tuesday, the goons had begun unwinding gold and silver short positions and the ‘over their skis’ large specs had begun
Stocks went sideways today on the ‘better than expected’ Non-Farm Payrolls report. Consumer Credit expanded more than expected as well. Odds of a Fed rate hike in December went higher. Have a pleasant weekend.
With the price of oil dropping more than 20% during the third quarter, CVX and XOM were both battered and more investors wondered if their dividends were safe. While each stock has recovered over 20% from its low reached in
If you’ve been paying attention to the financial media in the last few weeks you’ve probably seen the drama surrounding a company named Valeant. In case you’ve been buried in your bunker waiting for China to blow up the global
