Two Fridays ago (1/15/2016) I highlighted sentiment readings often associated with an oversold equity market. Two days later, Wednesday of this past week, the S&P 500 index bottomed and staged a turnaround, generating its first weekly gain of the year,
January 24, 2016
Friday did enough to confirm Wednesday’s spike low as a potential Swing Low. Markets may look to rally back into the Oct-Dec trading range, but getting beyond that may prove more of a challenge. But until then, is plenty of
On Friday, we noted that at least some local businesses in Texas are sympathetic to the pitiable plight of the state’s beleaguered oil patch workers. Houston-based Gramercy Cleaners on Richmond avenue, we observed, is demonstrating their compassion for the imploding energy sector
The biggest bank in Norway is calling for the complete and total elimination of cash. Many local bank branches in Norway already don’t deal in cash, but that is not good enough for DNB. They want a blanket ban on
Over the past few years, the steel industry has reaped the benefits of accelerating growth in developing economies. This helped steel makers to offset the slowdown in the mature, developed nations of the world. Asia and in particular China remained
Donald Luskin writes in the Wall Street Journal: The global economy is slipping into recession. The evidence is showing up in all the usual ways: slowing output growth, slumping purchasing-manager indexes, widening credit spreads, declining corporate earnings, falling inflation expectations, receding
On January 15, Standard & Poor’s unexpectedly downgraded Poland’s credit rating from A- (positive) to BBB+ (negative), or just three notches above junk. In its report, the agency said that Poland’s new ultra-conservative government – led by President Andrzej Duda –
While everyone else is panicked about their portfolio’s decline, I see a downturn as an incredible buying opportunity. Lower prices, rising yields and growing dividends — it’s hard to beat that combination. Below are several select companies that recently announced dividend
The realignment of currencies in the past 18 months has been the most dramatic in decades. A perfect storm is occurring: Federal Reserve tightening; Eurozone and Asian monetary easing; and a collapse of major commodities, all conspire to drive just about every currency
During the day on Monday, there is almost nothing in the economic landscape as far as announcements are concerned to get us interested in some type of knee-jerk reaction, so we believe that “steady as she goes” will be the
