Back in April, I penned an article laying out 10-reasons why from a fundamental and technical perspective the bull market may have ended. To wit: “I think the 9-year old bull market may have ended in February. I could be wrong. Actually,
August 28, 2018
Effective federal funds (EFF) was 1.92% again yesterday. That’s now eight in a row just 3 bps underneath the “technically adjusted” IOER. If indeed the FOMC has to make another one to this tortured tool we know already who will
The official trade reports take a few months to come out which is why I can only can say growth slowed from the beginning of the year to May. The official numbers are very important, but if you want up
Today was a precious metals option expiration on the Comex. Both gold and silver took a bit of a hit, as the dollar was largely unchanged. Stocks went sideways. The conversations about the economy and the political situation went sideways as well.
Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a representative for the
Tiffany & Co. TIF reported second-quarter fiscal 2018 results, which marked the company’s fifth straight quarter of positive earnings and sales surprises. Moreover, both the top and bottom lines continue to improve year over year. The solid results also called for an
Clinical-stage biopharma Immunomedics (Nasdaq:IMMU) is a heavyweight player soaring in the worldwide antibody-drug conjugate (ADC) market. In other words, IMMU specializes in cancer therapies; and it’s been a standout year for investors. Notably, IMMU’s lead investigational ADC is IMMU-132 (sacituzumab
Shares of Yum China (YUMC) are on the rise following a media report saying the company has rejected a buyout offer of $46 per share made by a consortium led by Hillhouse Capital. Earlier this month, Bloomberg had reported that
Monday was an amazing day for equities as the S&P 500 increased 0.77% and the Nasdaq increased 0.91%. The Russell 2000 was only up 0.16% because the catalyst for the ‘risk on’ trade was the trade deal between America and
The Dow/Gold ratio is a very reliable measure for where we are on the long-term economic timetable. It allows for an accurate reading of key economic conditions that are present at a particular period of time. With regards to silver,
