Today (April 27) marked another milestone as the SPX:VIX ratio hit an all-time high, along a record high on the Momentum indicator, as shown on the following Monthly ratio chart. We’ll see if that continues if Congress fails take over the reigns from the
April 27, 2017
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 6 = 20,981 SPX + 1 = 2388 NAS + 23 = 6048 (record high close) RUT – 2 = 1417 10 Y – .02 = 2.29% OIL
The idea behind the ETF Industry Exposure & Financial Services ETF (TETF) is simple: ETFs are the fastest-growing investment category ever. From a single fund, SPY, in 1993 ETFs now total just over 6,000 different offerings. ETFs have grown at
The advance estimate for GDP is scheduled for release tomorrow, and by current estimates it should be a total washout. Yet another first quarter is expected to be a disaster, the fourth in a row and the third straight under
After Australia’s Consumer Price Index disappointed the markets, AUD/USD confirms below the Ichimoku cloud, forming a Doji Candlestick pattern. Here is a quick IDDA overview to help you develop a trading strategy for our mate Down Under as traded versus Ms. USA.
Baidu, Inc. (BIDU – Free Report) released its financial results for the first quarter of 2017, posting earnings of $0.66 earnings per share and revenues of $2.3 billion. Currently, Baidu is a Zacks Rank #3 (Hold) and is up 0.64% to $187.86
The “Japanisation” of banks is the new illness of contemporary finance. Stemming from Japan, it is expanding progressively, especially in Europe. How does this disorder translate? Well, banks are drifting away from their core business – lending to companies –
Gold prices are adrift in familiar territory, mirroring consolidation in the US Dollar and the priced-in 2017 rate hike path implied in Fed Funds futures. The spotlight now turns to first-quarter US GDP figures. Consensus forecasts point to an annualized gain of 1 percent, a
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Two articles in the last two days, one on Bloomberg, the other on the Wall Street Journal, provided key reasons we should not worry about stock market bubbles. It’s only 1997 (P/E valuations have not exceeded the dot-com bubble in 2000 yet)
