Last week began a bit wobbly, with stocks dropping hints that they would fail to follow through on the prior week's strength. For the S&P 500, that meant a stall just shy of a record high. After the Department of Labor shared last month's job report on Friday though — and the House of Representatives approved an Obamacare replacement plan...
It's official — last month's unemployment rate of 4.4% is tied for the lowest unemployment rate we've seen in the past 15 years. It wasn't a merely-mathematical leap forward either, aided by a sharp drop in the number of people technically counted as part of the workforce. More people are working now. We added a net 211,000 jobs last month,...
It's official — last month's unemployment rate of 4.4% is tied for the lowest unemployment rate we've seen in the past 15 years. It wasn't a merely-mathematical leap forward either, aided by a sharp drop in the number of people technically counted as part of the workforce. More people are working now. We added a net 211,000 jobs last month,...
Happy Derby! I'm excited to bring you my annual Kentucky Derby selections and commentary. First, let's start off with an updated table of past Derby winners below, with their speed ratings and final tune-up race. My analysis of past data indicates that horses with strong 100+ speed ratings in preparatory races have a better probability of winning the big race....
Happy Derby! I'm excited to bring you my annual Kentucky Derby selections and commentary. First, let's start off with an updated table of past Derby winners below, with their speed ratings and final tune-up race. My analysis of past data indicates that horses with strong 100+ speed ratings in preparatory races have a better probability of winning the big race....
On Thursday morning, the World Gold Council published some Q1 numbers that — of taken out of context — could be downright alarming for gold bugs. That is, last quarter's total demand for gold fell 18% on a year-over-year basis. What most of the news coverage of the WGC's preliminary report didn't bother mentioning was, the Q1-2016 demand for gold...
On Thursday morning, the World Gold Council published some Q1 numbers that — of taken out of context — could be downright alarming for gold bugs. That is, last quarter's total demand for gold fell 18% on a year-over-year basis. What most of the news coverage of the WGC's preliminary report didn't bother mentioning was, the Q1-2016 demand for gold...
By Amanda Cooper, Reuters Oil prices fell for the fourth consecutive day on Thursday, touching their lowest since March at just above $50 a barrel after U.S. crude inventories fell by less than expected. U.S. data showed crude stocks fell 930,000 barrels in the week to April 28, while analysts had been expecting a drop of 2.3 million barrels. Stocks...
By Amanda Cooper, Reuters Oil prices fell for the fourth consecutive day on Thursday, touching their lowest since March at just above $50 a barrel after U.S. crude inventories fell by less than expected. U.S. data showed crude stocks fell 930,000 barrels in the week to April 28, while analysts had been expecting a drop of 2.3 million barrels. Stocks...
In the world of psychology and psychiatry, the term 'willful blindness' refers to a person or group of people that ignore data or information — as if it didn't exist — because it doesn't confirm to their preconceived notions…. or wishes. The idea applies within the world of trading too, and perhaps more so, in that money can make people...
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