S&P 500 market review of the day. Video Length: 00:03:27
September 13, 2016
After Larry Summers and Jamie Dimon stated that there is a shortage of long bonds (for use as collateral in derivatives and other markets), hedge fund managers and finance writers, say you have to get rid of your bonds. The
Friday’s decline broke the neckline of a small head-and-shoulders pattern seeming to leave behind the cupola Lindsay described as the top of his Domed House pattern: points 21 – 25. If the market holds to the template, the Dow should
Cracker Barrel (CBRL): The restaurant chain has made a habit of beating earnings while also falling short on revenue. Top line growth has slowly decelerated in the past few quarters but that is soon to change. The Estimize consensus is projecting
Executive ability is deciding quickly and getting somebody else to do the work. – John G. Pollard Many individuals sit back and look wistfully at the 1st stage of the Gold Bull Market they missed. It is interesting that people focus
Stocks have been gyrating the last couple of days, largely on little things like comments from central bankers. I think much of the ‘action’ and the increased volatility has more to do with the stock option expiration this Friday
If correlation is causation then there is only one ‘thing’ to blame for the sudden rise in interest rates, the tumble in the Mexican peso, and the spike in volatility… Donald Trump’s rising popularity. As Hillary’s odds tumble, the rising chance of a
What Once Was Resistance Given the market’s near addiction to low-interest rates and recent price action, it is helpful to get some guideposts based on the expression: “What once was resistance may now act as possible support.” The expression above
At the end of August, the US Energy Information Administration reported that it had been overstating domestic demand for oil and energy products to a considerable degree. Using imprecise and lagging data, the calculations for the amount of product being
In 2015, famed investor and Chief Executive Officer of Berkshire Hathaway (NYSE:BRK-A) Berkshire (NYSE:BRK-B) disposed his entire $3.7 billion stake in integrated oil and gas giant Exxon Mobil Corporation (NYSE:XOM). There was speculation about the main rationale behind the liquidation of Berkshire’s holdings
