Things have changed. What was well in the green yesterday was back in the red today… And the Dow Jones Industrial Average has already clawed back most of the more than 200 points it was down again in early Wednesday
October 17, 2018
Offshore Yuan dipped back below 6.93/USD as the well-telegraphed report from the US Treasury once again decided not to label China “a currency manipulator” averting any further escalation (for now) in the ‘war’ between the two nations. Nope, no manipulation there at
Alcoa kicked off the real earnings season tonight after the Banks have finished spewing their financial results early. Gold and silver tried to rally but were smacked down in the afternoon in the currency crosses. The Dollar gained. Stocks were
CNBC’s Kate Rogers reports that Alcoa announced a $200 million stock buyback.
Stocks Rally – Finally The stock market finally skyrocketed as I expected on Tuesday. Stocks were intensely oversold heading into the day. Short term indicators signaled stocks should burst higher soon. The performance over the next 12 months is still
Today is D-Day in Canada when it comes to their cannabis legalization. It’s the first day that Canada allows, legally, to consume recreational marijuana. As per our Cannabis Stocks in Canada Forecast for 2019 the sector would get a serious boost in
Just days after Sears filed the largest retail bankruptcy yet, listing over $10 billion in liabilities on its Chapter 11 petition… Since June 2015, 65 retail chains have filed for ch. 11 relief. Ten of those companies reported more than
(Video length 00:08:17)
Advanced Micro Devices (AMD – Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook gives a good sense of the company’s earnings picture,
As expected, the Fed signaled gradual rate hikes are coming. The Fed released the Minutes of the September 26, 2018, FOMC Meeting today. Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to
