U.S. Growth Not So Bad After Revisions to Spending, Investment

Highlights of First-Quarter GDP (Second Estimate) Gross domestic product rose at 1.2% annualized rate, revised from 0.7% (economist est. 0.9%) Consumer spending, the biggest part of the economy, rose 0.6%, revised from 0.3% (economist est. 0.4%) Revisions were led by utilities consumption, intellectual-property investment, government and private construction ——————————————————————————————————— By Michelle Jamrisko, Bloomberg The U.S. economy’s first quarter wasn’t so...

U.S. Growth Not So Bad After Revisions to Spending, Investment

Highlights of First-Quarter GDP (Second Estimate) Gross domestic product rose at 1.2% annualized rate, revised from 0.7% (economist est. 0.9%) Consumer spending, the biggest part of the economy, rose 0.6%, revised from 0.3% (economist est. 0.4%) Revisions were led by utilities consumption, intellectual-property investment, government and private construction ——————————————————————————————————— By Michelle Jamrisko, Bloomberg The U.S. economy’s first quarter wasn’t so...

Gold’s Next Move Holds the Key to the Market’s Next Move

All aspects of the market could be on the verge of a major shakeup, and the greenback is the ultimate decision-maker here. ———————————————— Things aren't quite the way they're "supposed to be" for the market, but odds are good that will change sooner than later. Namely, stocks are rising, but bonds as well as commodities — especially gold — are...

Gold’s Next Move Holds the Key to the Market’s Next Move

All aspects of the market could be on the verge of a major shakeup, and the greenback is the ultimate decision-maker here. ———————————————— Things aren't quite the way they're "supposed to be" for the market, but odds are good that will change sooner than later. Namely, stocks are rising, but bonds as well as commodities — especially gold — are...

Traders see less upside for the S&P 500 than ever before

Optimism about the potential for serious upside in the next few months appears to have dissipated almost completely. Strategist Stacey Gilbert says the "skew" between call option prices and put prices is the greatest it has ever been since 1990. For investors who remain bullish on stocks, speculating on market upside has never been cheaper. By Alex Rosenberg, CNBC Are...

Traders see less upside for the S&P 500 than ever before

Optimism about the potential for serious upside in the next few months appears to have dissipated almost completely. Strategist Stacey Gilbert says the "skew" between call option prices and put prices is the greatest it has ever been since 1990. For investors who remain bullish on stocks, speculating on market upside has never been cheaper. By Alex Rosenberg, CNBC Are...

The Trump trade is taking a back seat in the stock rally, Mohamed El-Erian says

 The stock market has been rising of late because too much money is chasing too few opportunities, Mohamed El-Erian says.  There's a hope in the stock market that the liquidity trade hands off to the reflation trade, he says.  Such a move would play down the influence of central bank policies on the stock market, he adds. By Matthew J....

The Trump trade is taking a back seat in the stock rally, Mohamed El-Erian says

 The stock market has been rising of late because too much money is chasing too few opportunities, Mohamed El-Erian says.  There's a hope in the stock market that the liquidity trade hands off to the reflation trade, he says.  Such a move would play down the influence of central bank policies on the stock market, he adds. By Matthew J....

Capital One Financial (COF) Points to the Power of Slow-and-Steady Donchian Lines

On Friday of last week, our Afternoon Channel Trader alert service recommended a bearish trade on Capital One Financial (COF). Specifically, the newsletter suggested the Capital One (COF) June monthly 87.5 puts (COF 170616P87.5), which expire on June 16th. Normally we don't divulge trades until they're entirely closed out. But, in light of the fact that we've already locked in...

Capital One Financial (COF) Points to the Power of Slow-and-Steady Donchian Lines

On Friday of last week, our Afternoon Channel Trader alert service recommended a bearish trade on Capital One Financial (COF). Specifically, the newsletter suggested the Capital One (COF) June monthly 87.5 puts (COF 170616P87.5), which expire on June 16th. Normally we don't divulge trades until they're entirely closed out. But, in light of the fact that we've already locked in...
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