By Michael Noonan (EdgeTraderPlus.com) There does not appear to be any hint of a change in the ongoing downside pressure for gold and silver. Gold – Monthly Nearest OHLC Chart …Confirmation of a change in trend will only come after
July 1, 2017
Despite a hiccup in the last week or so, global stocks survived as the best-performing asset class of the year (with the MSCI All-Country World Index wrapping up its best first half in 19 years)… But, as Bloomberg reports, Wall Street strategists are fighting
It seems like we are experiencing quite a bit of sector rotation. Last week all the talk was about Biotech. This week all the talk was about Financials. What will it be this coming week? Before conceding that rates are
On Thursday, instead of rallying, the S&P 500 fell 0.86% and the Nasdaq fell 1.44%. The S&P financials sector was up 0.65% and the technology sector was down 1.83%. The selloff was blamed on investors rebalancing their portfolios since it
EUR/USD finally made a breakthrough and reached the highest levels in over a year. Is this the beginning of a longer trend? The first week of July features PMIs and the ECB meeting minutes. Here is an outlook for the highlights of
Some wild action this past week as we continue to base and may see some downside from some stocks as we see markets continue to build bases and consolidate. I don’t see this bull market as being over yet, with
There are certain sectors of the stock market that are well-known for having quality dividend stocks. Consumer staples, healthcare, and utilities all come to mind. Corus Entertainment (CJREF) is not a company that falls within any of these sectors, as
On Friday, both the Atlanta Fed and New York Fed updated their GDP 2nd quarter forecasts. The FRBNY Nowcast remained at 1.9% while GDPNow dipped to 2.7% narrowing a once gigantic spread to 0.8 percentage points. GDPNow Latest forecast: 2.7 percent — June 30,
The hedge fund industry is finding itself in increasingly dire straits as persistently weak returns and the advent of low-cost investing have forced more and more funds to shut down. So, it’s unsurprising that, amid this steadily worsening backdrop, more
The last Housing Market Review covered data reported in May, 2017 for April, 2017. At that time, the iShares US Home Construction (ITB) was testing support at its uptrending 50-day moving average (DMA) for the third time in May. ITB bounced
