As life is becoming unaffordable for these Americans, official inflation data artfully papers over it. This arcane device impacts investments, Social Security benefits, and inflation-adjusted data, such as "real wages" & "real GDP."Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds...Read More
Full transcript at: http://financialrepressionauthority.c...Read More
"The USTR is focused on countering the growing protectionism of EU member states, which unfairly targets U.S. companies, whether through digital services taxes or other efforts Continue...Read More
This is the fourth straight month of contraction in one of President Trump's favorite sectors of the economy. Continue...Read More
Following the latest dismal ISM data which sent US equity markets tumbling, traders were on the prowl for any hints what the US may do over the next major catalyst in the US tradeContinue...Read More
The current bull cycle for gold prices is still in progress, and it's only a matter of time before price levels for the yellow metal hit $2,000 an ounce, this according to Sean Boyd, CEO of Agnico Eagle."We're still in that bull market that started in 2015. This is just the initial phase," Boyd told Kitco News. "We think in this cycle gold will hit a new high in U.S. dollars. Ultimately, we'll get...Read More
Domestic ship scrap prices in Turkey increased over the past week in line with rising imported scrap values, sources said on Monday December 2.One steel mill in the Izmir region raised its buy price for ship scrap by $10 per tonne to $275 per tonne delivered, while three fellow mills were buying the same material at $270 per tonne.Read More
Here are five Fastmarkets MB stories you might have missed on Monday December 2 that are worth another look.United States President Donald Trump has imposed new tariffs on steel and aluminium imports from Brazil and Argentina, he said on social media platform Twitter on December 2.A major Japanese steel mill plans to raise its hot-rolled coil offers to Asian buyers by $50 per tonne on a cfr b...Read More
Sector expert Michael Ballanger offer his latest insights into the markets and his investment strategy as 2019 winds down. "Gold is money; everything else is credit." J.P. MorganDating back to the mid-80s, and usually around the end of November, I begin to formulate strategies and portfolios looking out to the upcoming New Year, taking into account technical, fundamental and geopolitical factors...Read More
Slab prices in the CIS region continued to increase over the past week supported by the positive mood in finished flat steel products both inside the region and in some of the outlet customers' markets.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $380-385 per tonne on Monday December 2, up from $370-375 per tonne on Monday last week.In Turkey, offers of CIS-...Read More
United States President Donald Trump has imposed new tariffs on steel and aluminium imports from Brazil and Argentina, he said on social media platform Twitter on December 2. "Brazil and Argentina have been presiding over a massive devaluation of their currencies, which is not good for our farmers. Therefore, effective immediately, I will restore the tariffs on all steel and aluminium that is ship...Read More
Disappointing U.S. manufacturing data had the Dow closing 268 points lower The Dow took another hit today, shedding over 260 points -- its biggest one-day drop since Oct. 8 -- after disappointing U.S. manufacturing data was released earlier in the day. Traders also reacted to reports of new Trump administration tariffs, which offset this weekend's strong holiday shopping numbers. The Nasdaq and S&...Read More
One bull may be opening a big position in the January 2021 series Ford Motor Company (NYSE:F) is one name seeing notable options trading today. More than 75,000 calls have traded, compared to a daily average of just 34,000, due to some major trades at the January 2021 10-strike calls. Trade-Alert is suggesting a block of 43,627 contracts were bought to open for 57 cents each, which would mean a b...Read More
Bank of America earlier nabbed an 11-year highIn about a week's time, the spotlight will soon shift from retail stocks to the banking sector ahead of next week's Federal Open Market Committee (FOMC) meeting. One name in focus today is Bank of America Corp (NYSE:BAC), with options traders in particular taking a renewed interest in the financial institution. More specifically, call options are be...Read More
Carnival stock sank to multi-year lows this past OctoberCruise line Carnival Corp (NYSE:CCL) is down 0.9% at $44.68 in this afternoon's trading, continuing its wildly disappointing year on the charts. The stock has shed 25% over the past 12 months, and is now seeing a re-emergence of pressure from a key descending -- and historically bearish -- trendline.According to Schaeffer's Senior Quantitati...Read More
Lately, the stock has cooled off last month's all-time peak The shares of Google parent Alphabet Inc (NASDAQ:GOOGL) just hit arecord high of $1,333.92 earlier last month, and have been consolidating just south of here, with pressure at $1,317 keeping GOOGL from reclaiming these mid-month highs. And while the security is off 1.2% to trade at $1,288.19, it's running right into recent support at its...Read More
Weekly SPLK options are popular todayLast Wednesday, the shares of Splunk Inc (NASDAQ:SPLK) climbed above $150for the first time ever. Today, that level has been toppled once again, with SPLK last seen up 1.2% to trade at $151.06 after Goldman Sachs upgraded the software concern to "buy" from "neutral." While also boosting its price target to $180 from $147, the analyst in coverage praised the co...Read More
ROKU has been an attractive target for premium buyers over the past yearStreaming platform Roku Inc (NASDAQ:ROKU) is eyeing its worst day since early November, down 10% at $144.29 this morning, after Morgan Stanley downgraded the stock to "underweight" from "equal weight." The analyst also hiked its price target from $100 to $110, which represents a 31% discount to Friday's close. Morgan Stanley...Read More
The Nasdaq and S&P are near session lows, tooStocks are moving sharply lower today, sending the Dow Jones Industrial Average (DJI) down200 points at the halfway point. Despite more strong Black Friday and Cyber Monday sales numbers from the retail sector, traders are focusing on a manufacturing update for the U.S. that showed the sector again contracting in November, while trade headlines continue...Read More
Roku weekly call options have been hot in recent weeks, tooThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list, including home improvement name Home Depot Inc (NYSE:HD), which recently took a hit on a negativ...Read More