"If 'Fairy Godmother Billy Porter' doesn't have an Academy Award for Best Supporting Actor written all over it, we don't know what does." Continue...Read More
U.S. Attorney General William Barr, along with co-conspirators in the UK and Australia, recently wrote a letter to Mark Zuckerberg requesting he not move forward with Continue...Read More
The mainstream financial media is absolutely ebullient about global central banks' renewed enthusiasm to cut interest rates to a level that is even lower than they already are. Continue...Read More
Topics:Why the narrative just failed and what it meansTranslating narrative failure to portfolio positioning: Who wins and who loses?Reconciling Luke's narrative failure thesis with the treasury bid evidenced by low yieldsRead More
Continue...Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was Vice President of the American Economic Ass...Read More
"If America does not speak out for human rights in China because of commercial interest, then we lose all moral authority to speak out for human rights anyplace in the world."Continue...Read More
German Chancellor Angela Merkel ignored an EU risk assessment and allows Huawei's 5G technology.Continue...Read More
China's ferro-silicon market has been stable since participants returned from a week-long national holiday in the country on October 1-7, with prices hemmed between tighter supply amid production cuts and weaker demand.In Europe, prices increased for the first time since the start of August amid supply worries after a recent announcement of cuts to domestic production combined with low trader stoc...Read More
Continue...Bill Gross is the Portfolio Manager of the Janus Henderson Global Unconstrained Bond and Total Return strategies and a member of the global macro fixed income leadership team. Mr. Gross co-founded PIMCO in 1971 and served as managing director and Chief Investment Officer until joining Janus in 2014. He is the author of numerous articles on the bond market, as well as the book Everything...Read More
Gold prices should be targeting as high as $1,650 to $1,700 an ounce by the first quarter of next year, but fundamental events need to be pushing the yellow in the right direction, this according to Gary Wagner, editor of thegoldforecast.com."A lot of it has to do with fundamental events and the biggest one of course is whether or not they resolved the trade war, but if they continue to have the i...Read More
"Turkey's action is precipitating a humanitarian crisis and setting conditions for possible war crimes," Trump said on Monday.Continue...Read More
Strong earnings reports from UnitedHealth and J.P. Morgan Chase boosted investor sentimentThe Dow clocked a 237-point win today, boosted by a few major wins early in the earnings season. Bank stocks, specifically, took center stage, as JPMorgan Chase (JPM) got a boost on its record-breaking revenue. Fellow blue chip UnitedHealth (UNH) posted numbers that sent the insurance stock gapping higher, wh...Read More
Both ANF and M have run up to historically bearish trendlinesWhile earnings season kicks off this week, there's also retail sales data due out tomorrow, putting Abercrombie & Fitch Co. (NYSE:ANF) and Macy's Inc (NYSE:M) in the cross-hairs. The two retail stocks have made outsized moves in the past week, and both ANF and M now running up to trendlines with historically bearish implications.Loo...Read More
US President Donald Trump said on Monday October 14 that he will impose a 50% tariff on imports of steel from Turkey in response to that country's military actions in northeastern Syria.However, market participants believe such a move will have a minor impact on the Turkish steel sector, because Turkey's steel exports to the United States are already limited because of weak demand.BilletA trader f...Read More
Tech peer NFLX, however, is trading in the redU.S. stocks are roaring higher today as third-quarter earnings so far have pleased investors. In the meantime, we're watching FAANG heavyweights Netflix Inc (NASDAQ:NFLX), Alphabet Inc (NASDAQ:GOOGL), and Facebook, Inc. (NASDAQ:FB). Here's a quick breakdown where the shares of NFLX, GOOGL, and FB are trading today. 300-Strike Call In Focus Before NFLX...Read More
The short seller is "giving credit where credit is due"Shares of Bausch Health Companies Inc (NYSE:BHC) are higher this afternoon, thanks to a relatively rare bullish note from notorious short seller Citron Research. The firm said BHC stock is "on its way to $40" -- nearly double its current price -- as the stock "still trades with a 'Valeant discount' despite new management's 180-degree turn of c...Read More
As the United States' Section 232 tariffs on steel imports enter the second half of their second year, ferrous markets across the globe are still reeling from their effects.The tariffs - imposed after a year-long Section 232 investigation into whether imports of steel, as well as aluminium, posed a national security risk to the US - were vaunted as policies to safeguard the country's domestic indu...Read More
Yesterday, the Nobel prizes in economics were awarded. Unfortunately, gold has been omitted and got nothing. How unfair! But looking at the Dutch central bank press release, gold would have much higher chances if they were the ones granting the prizes and not the Swedish central bank!2019 Nobel in Economics and GoldYesterday was a big day! At least for all those boring economists and similar bean-...Read More
Abbott Laboratories just announced a $3 billion buyback plan The shares of healthcare stock Abbott Laboratories (NYSE:ABT) are up 2.6% at $81.87 just ahead of tomorrow's third-quarter earnings -- due out before the open tomorrow, Oct. 16 -- after the board announced a share buyback plan of up to $3 billion. The company also announced a partnership with Tandem Diabetes Care (TNDM), which has the la...Read More
OLLI stock is trading higher todayOllie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) is up 3% today at $60.42, after RBC upgraded the stock to "outperform" from "sector perform" and lifted its price target to $67 from $65. Most analysts are already bullish, with eight of 12 in coverage handing out "strong buy" recommendations. Options traders have also been bullish, based on the 10-day call/put vol...Read More