The real quote is, “nowadays people know the price of everything and the value of nothing.” Oscar Wilde, immortalized in bronze, waits for the rain to stop. Value has little to do with price. And vice versa. In the case
September 26, 2018
The real quote is, “nowadays people know the price of everything and the value of nothing.” Oscar Wilde, immortalized in bronze, waits for the rain to stop. Value has little to do with price. And vice versa. In the case
That one-day bounce in the Russell 2000 last week is looking like a long time ago as today finished with a cut below its 50-day MA. Technicals are fading fast as relative performance begun a cliff fall. While other indices haven’t
Argentina Gets Record $57 Billion As IMF Boosts Bailout, Creates “No Intervention” Zone For The Peso
Just a few months after the IMF announced in June what was a record-setting $50 billion, 36-month bailout agreement with Argentina, the International Monetary Fund said it would expand the credit line to $57 billion in an attempt to halt the economic
Richmond Fed Index – New Record It appears manufacturing activity in September was strong based on the regional Fed indexes and the Markit flash reading. There could be weakness in the service sector as was shown in the flash Markit
The Nasdaq Composite is set to finish higher for the 9th consecutive quarter when exchanges close this Friday, September 28th. (With a QTD gain of more than 6%, it would take a dramatic plunge over the next two trading days
If you’ve been reading my work for any of the last 10 years you know that I’ve sounded like a broken record for much of that time – the USA isn’t bankrupt, interest rates aren’t going to rise significantly and
Synopsis Trade wars, the U.S. Federal Reserve (the Fed), China stimulus and the direction of the U.S. dollar dominate our near-term outlook. At this juncture, U.S. recession risks appear low. We believe that European growth can improve over the next couple
After prices attempted to bounce on cash strength this morning, the front of the natural gas strip sold-off hard into the settle and October contract expiry, with the November contract seeing the largest losses of the day. This reversal fit
There were no surprises from the Federal Reserve today. The central bank did raise its overnight interest rate, as promised. The target range for the federal funds rate is now 2% to 2.25%, up a quarter-point. It’s Federal Reserve’s third such move of
