Yesterday afternoon brought three salient statements from Washington financial authorities that boil down to a simple admonition. To wit, if you are still in the Wall Street casino, run don’t walk toward the nearest emergency exit. We are referring first to the CBO’s
February 1, 2018
2018 started off with a disappointment for the auto industry with total sales at 17.07mm SAAR (missing expectations and down from 17.76mm in Dec). Domestic auto sales dropped notably to 13.10mm in January – that is the biggest Dec-to-Jan drop since 2010…
Recently, we went to see Marty Stuart and His Fabulous Superlatives in concert. We can surely use fabulous superlatives to describe how much fun we had. Similarly, the market engenders some fabulous superlatives. A superlative is an adjective to describe
The natural gas rout continued today with the March contract settling down over 4.5% below yesterday’s settle as weather forecasts continued trending warmer and EIA data did little to arouse bulls. As one would expect in this weather-driven decline, the
Video length: 00:14:51 Lots of excitement in this market as some major earnings were released. We discussed selling premium strategies in several of these stocks in last night’s video and all of those strategies seem to be working today. With
Last week, the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the
Visa Inc. (V – Free Report) just reported its first quarter fiscal 2018 financial results, posting earnings of $1.08 cents per share and revenues of $4.86 billion. Shares are down, however, about 1.8% in trading shortly after as a result.
The GDPNow model rose to 5.4% today on today’s economic reports. Color me skeptical, extremely skeptical. The Atlanta Fed GDPNow Model forecast of first-quarter GDP rose to 5.5% today on the strength of ISM and construction reports. Latest forecast: 5.4 percent —
GoPro, Inc. (GPRO – Free Report) just released its fourth-quarter 2017 financial results, posting an adjusted loss of $0.30 per share and revenues of $334.79 million. Currently, GoPro is a Zacks Rank #4 (Sell), and is down over 3.5% to $5.30 per
(Video length 00:14:57) Hey all, today I’m discussing some Bitcoin technicals and the news regarding why it’s declining quickly. I give my thoughts, and discuss some other general news related to gold, silver, and more! Enjoy! Here are the links
