It’s one thing if China registers a low ceiling or Brazil. That wasn’t going to be possible this time in the developed world. Europe and the US were finally going to lead. That’s what they said last year, anyway. Markets
October 26, 2018
Stoneridge (SRI) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly
Aaaaaand, it’s gone! Global capital markets are down five weeks in a row, losing just under $9 trillion – the biggest, fastest drop since Lehman (around $8.2 trillion from global equity markets). Chinese stocks managed to end the week green thanks
The EURGBP price recovery remains intact following its rally the past week. Support stands at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break below here will aim at the 0.8750 level. On the
The initial recovery off last week’s lows (near Dow 25K) was short-lived, quickly fizzling out ahead of Dow 26K, a key technical retracement. Once a former region of support turned resistance was highlighted, short-term momentum had quickly shifted back to
If my aim is to be totally PC about all of this, I would answer with “I don’t know” or the classic economic line of “it depends”. What I personally think though, is that this market is clearly as oversold
On Wednesday, after the Dow plunged 608.01 points, I wrote a piece called “The #MAGA Stock Market Trendline Is Broken” in which I showed how the U.S. stock market’s sharp decline caused several major stock indices to break below their important uptrend lines
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