Though the market technically hammered out a gain last week (with the Dow Jones Industrial Average even managing to reach a record high above 22,000), it was an ugly, grinding effort, with stocks still struggling to get traction. Indeed, while the Dow was edging higher, the all-important NASDAQ Composite was struggling to hold its ground, and is currently at risk...
Anyone reading this likely already knows just how good Friday's morning's employment stats for July were. Though already at rock-bottom levels, the unemployment rate managed to ratchet down another notch to 4.3% on the heels of 209,000 new payrolls. Economists were calling for an unemployment rate of 4.3%, though they were also only looking for 181,000 new jobs. It's a...
Anyone reading this likely already knows just how good Friday's morning's employment stats for July were. Though already at rock-bottom levels, the unemployment rate managed to ratchet down another notch to 4.3% on the heels of 209,000 new payrolls. Economists were calling for an unemployment rate of 4.3%, though they were also only looking for 181,000 new jobs. It's a...
Though it seems like it only started a few days ago, Q2's earnings season is closer to its end than its beginning. As of the end of last week, two-thirds of the S&P 500's companies have submitted their second quarter results. So far so good. The large cap index is on pace to earn $30.62 for Q2, down just a...
Though it seems like it only started a few days ago, Q2's earnings season is closer to its end than its beginning. As of the end of last week, two-thirds of the S&P 500's companies have submitted their second quarter results. So far so good. The large cap index is on pace to earn $30.62 for Q2, down just a...
I implement these “seasonality” charts as they have been a great framework into all of my trading/investing technical analysis. Seasonality charts are constructed from the past thirty years of historical data. I implement them as “contrarian indicators”. The “extreme bullishness” is perceived as bearish and the “extreme bearishness” is perceived as bullish! In the chart below, it displays the spread...
I implement these “seasonality” charts as they have been a great framework into all of my trading/investing technical analysis. Seasonality charts are constructed from the past thirty years of historical data. I implement them as “contrarian indicators”. The “extreme bullishness” is perceived as bearish and the “extreme bearishness” is perceived as bullish! In the chart below, it displays the spread...
By Stephanie Landsman, CNBC Oil hasn't traded above $70 a barrel in nearly three years, but that could soon change. RBC Capital Markets' Helima Croft says there's a very high probability Venezuela's state oil company will default and bring about a steep jump in crude prices. "I think that's going to be the biggest geopolitical story to watch in the...
By Stephanie Landsman, CNBC Oil hasn't traded above $70 a barrel in nearly three years, but that could soon change. RBC Capital Markets' Helima Croft says there's a very high probability Venezuela's state oil company will default and bring about a steep jump in crude prices. "I think that's going to be the biggest geopolitical story to watch in the...
Based on nothing more than sheer momentum, it's tough not to like stocks right now. The rally just won't die even though its obituary has been written several times, so much so that the few doubters have finally learned to not voice — or trade — their pessimism. In many regards though, that lack of doubt may well be a...
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