Investors should prepare for U.S.-China geopolitical tension to grow worse. Maybe a lot worse. That's the lesson of history.Continue...Read More
In case investors didn't have enough to worry about with the coronavirus, they may have a whole lot more to deal with before too long.Continue...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Trump economic adviser Larry Kudlow said Beijing's actions toward Hong Kong are "very disturbing.""China is making a big mistake, frankly," he told Fox Business Network.Continue...Read More
Extreme concentrations of wealth and power, extreme speculative risk, extreme over-valuation, extreme central bank manipulation-all increase fragility and brittleness. Continue...Read More
The S&P broke above its 200-day moving average on Tuesday, a widely watched momentum indicator of what the market will do in the long term.Continue...Read More
That rate is much lower than the numbers used in the horrifying projections that shaped the government response to the epidemic.Continue...Read More
Time Stamp References:0:40 - How his interest in gold started.4:00 - Don't get married to gold.5:55 - US Inflation and deflation era.12:30 - Financial markets used to reflect the economy.15:00 - The traditional business cycle has been replaced.18:25 - The problems with massive credit expansion.20:30 - Prices may run higher due to shortages.23:40 - Fed has printed a lot, stagflation is coming.27:50...Read More
The price range for high-carbon ferro-chrome widened in Europe in the week ended Friday May 22, with industry sources reporting deals agreed for more than 500 tonnes of material.The price spread widened to $0.15 per lb after deals were reported that raised the higher end of the assessment.Trading activity was said by most sources to be quiet, with only one supplier reporting deals done. But the pr...Read More
With the deal, Ely Gold Royalties will gain a 3% net smelter returns royalty on future production. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; A2JSL0:FSE) announced in a news release that its subsidiary, Nevada Select Royalties, agreed to buy 48 unpatented lode mineral claims spanning one mile of the Olympic Gold property in Nevada's Mineral County from Great Western Mining for $150,000.Alon...Read More
Sector expert Michael Ballanger considers what the post-pandemic world could look like in the aftermath of central bank actions. As I sit here on the shores of lovely Lake Scugog, its weed-infested waters lying in wait for countless unsuspecting propellers soon to be ensnared, I am reminded of the failed world of central banking and policy initiatives, which too has become ensnared in flora of it...Read More
The S&P traded atop its 200-day moving average for the first time since early MarchStocks roared back to life after the long holiday weekend, ending Tuesday with impressive daily wins. Most notably, the S&P 500 jumped over the the 3,000 level, which coincides with its closely watched 200-day moving average, for the first time sinceearly March, before ending the day just below the region. Meanwhile...Read More
Amazon's interest in podcasts puts SPOT in focusWhile most of the the broad market enjoys outsized gains, the shares of Spotify Technology SA (NYSE:SPOT) are flat, trading at $190.21 today. Rumors are swirling of Amazon.com's (AMZN) interest in investing in localized podcast content began circulating via a report from Axios. The article noted that sports content was a major draw for the e-commer...Read More
Deutsche Bank's CEO warned that markets are being too optimistic over the economy's recovery from the coronavirus crisisBearish comments from German financial name Deutsche Bank AG (NYSE:DB) have attracted the attention of options traders today, and sent the stock surging -- up 12.6% at $8.24 at last check. Specifically, the company's CEO Christian Sewing said during an online conference earlier t...Read More
Amazon looks to enter the video game realmJeff Bezos and his Amazon.com, Inc (NASDAQ:AMZN) empire have their hands in virtually everything, and are showing no signs of letting up. Now, Amazon is eyeing the video game sector, just last week taking a giant step forward with the launch of "Crucible," a free-to-playonline game similar to vastly popular, "Fortnite." As the online e-tailer prepares to t...Read More
The Dow is up over 550 points middayAll three major indexes are barreling higher at midday, with the Dow Jones Industrial Average (DJI) up nearly 600 points at last check, as investors unpack vaccine news and a slew of positive economic sentiment. Furthermore, both the blue-chip index and the S&P 500 Index (SPX) havebroken above key levels, with the latter reclaiming the round 3,000 level --an are...Read More
AutoZone's fiscal third-quarter results beat estimatesThe shares of AutoZone, Inc. (NYSE:AZO) are up 4.6% at $1,174.70 at last check, after reporting a fiscal third-quarter earnings beat as well as higher-than-expected revenue. After a quarter of extreme ups and downs, sales sped ahead in the last four weeks of the quarter as stimulus checks began to arrive. The company did add, however, that due...Read More
MRK is staring up at stiff resistance on the charts, thoughUnlike many sector peers, Merck & Co., Inc. (NYSE:MRK) has been quiet with its COVID-19 vaccine development plans. That's all changed now, after the blue-chip biotech company announced the acquisition of Themis Bioscience, an Austria-based company to begin development of a potential coronavirus vaccine. As a result, MRK is now up 1% to...Read More
Telsey doubled its price target on Williams-SonomaHome goods retailer Williams-Sonoma, Inc. (NYSE:WSM) just got an upgrade from Telsey this morning to "outperform" from "market perform." The analyst also doubled its price target to $80 from $40. Meanwhile, the company's West Elm unit announced a partnership with REI Co-op for the launch of a co-curated collection of REI x West Elm lifestyle produc...Read More
Stock futures are up on vaccine hopes and economies reopeningDow Jones Industrial Average (DJI) are soaring to kick off the holiday-shortened week, up over 500 points at last check, as investors unwind the optimism surrounding the reopening of the economy and potential for a coronavirus vaccine. Biotech company Novavax (NVAX) is making wavesthis morning, after announcing it had begun clinical tri...Read More