Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. Read More
"I would bet that there would not be a recession in the coming year. But I would have to say that the odds of a recession are higher than normal and at a level that frankly I am not comfortable withContinue...Read More
Today we confront a rather distressing possibility - that this world may be in far better condition than we have previously supposed.Details, grim details, to follow.But we begin with a diagnosis:The stock market is evidently down with a spell of altitude sickness...The air at 28,000 proved too thin for the Dow Jones Industrial Average.The index has retreated to the 27,800 elevation. There it pres...Read More
LONDON, 21 November 2019 - Comment from BullionVault is quoted today in a report on the latest gold-price action published on Morningstar, the investment-fund rating and news service."Gold's sensitivity to trade-deal headlines seems to be easing off," says Adrian Ash, director of research at BullionVault.You can read the full note, first published at MarketWatch, here:Gold prices fall to lowest se...Read More
By: Gary SavageThe bullion banks have been able to take gold down at will, dumping gold contracts usually in the pre-markets..http://blog.smartmoneytrackerpremium.com/Read More
- Stewart Thomson, Graceland Updates 1. Top US politicians describe the US economy as the "mightiest of all time". 2. Please click here now. Houston, we have a problem! The next tariff tax deadline is now only about three weeks away. 3. While Trump's diehard fans may want him to hike these taxes again if China doesn't "play ball", massive FOREX liquidity fl...Read More
By: Ira EpsteinGold formally ended a downtrend phase. $1,456.60 is swingline support short-term..Read More
Investors also digested the latest Fed meeting minutesThe Dow turned in a triple-digit loss today, dragged lower by reignited U.S.-China trade tensions. A Reuters report indicated a "phase one" trade deal may not be reached until next year. On top of that, Chinese officials are unhappy after the U.S. Senate passed measures supporting Hong Kong protesters. The S&P 500 and Nasdaq also closed in the...Read More
AT&T options volume has ramped up today, tooThe Dow is lower today, as U.S.-China trade woes weigh on Wall Street. Among three names making notable moves today are Chinese stock Pinduoduo Inc (NASDAQ:PDD), telecommunications giant AT&T Inc. (NYSE:T), and biotech Cancer Genetics Inc (NASDAQ:CGIX). Here's a quick look at what's moving the shares of PDD, T, and CGIX. PDD Breaches Key Trendline...Read More
Nordstrom will post its third-quarter earnings after the close tomorrow Nordstrom, Inc. (NYSE:JWN) will take its turn in the retail-heavy options arena after the close tomorrow evening, and is selling off before hand. Sector headwinds, brought on by dismal earnings from Home Depot (HD) and Kohl's (KSS), has the equity down 3.5% to trade at $34.24 so far today, on course for its third consecutive d...Read More
E*TRADE stock just ran into a trendline with bearish implications The shares of E*TRADE Financial Corp (NASDAQ:ETFC) have been on a tear since bottoming out at a two-year low of $34.68 in early October -- tacking on roughly 29% since then, and popping north of their year-to-date breakeven level late last week. This rally may have come to a head, however. While ETFC is trading higher today, it's on...Read More
Both L Brands and Nordstrom are sinking ahead of earningsStocks are struggling at midday amid lingering concerns over U.S.-China trade negotiations. Although the major benchmarks have come off their intraday lows, the Dow Jones Industrial Average (DJI) is down more than 90 points at last check on sharp losses forconsumer products specialist 3M (MMM). The S&P 500 Index (SPX) is also in the red, whi...Read More
Tilray still remains close to its Nov. 15 record lowWeed stock Tilray Inc (NASDAQ:TLRY) is up 5.2% at $21.02 today, and the mini-rally has options traders coming out of the woodwork. It's not to bet on more losses though, and it appears some traders are calling a bottom on the struggling cannabis concern. More specifically, calls are being traded at 1.7 times the average intraday amount today, wh...Read More
Urban Outfitters posted third-quarter results that missed analysts' estimates The shares of apparel retailer Urban Outfitters, Inc. (NASDAQ:URBN) are trading back near their late-September levels this morning, following a badly received third-quarter earning report. The firm posted revenue of $987 million that missed analysts' consensus estimate, citing weakening demand for its women's clothing br...Read More
One brokerage firm likes Intelsat's risk/reward profileIt's been a volatile stretch for Intelsat SA (NYSE:I) stock, as evidenced by its 30-day historical volatility of 237.1% -- an annual high. Most of this action has been to the downside, after the Federal Communications Commission (FCC) backed a public auction for C-band spectrum, with I shares plunging from a Nov. 5 intraday peak at $26.90 to y...Read More
ARAV is heading toward its highest close since June 2018Once more, a surging biotech sits at the top of the Nasdaq after positive data for a cancer drug. Today its Aravive Inc (NASDAQ:ARAV), up 106% to trade at $13.78, after the Texas-based firm's ovarian cancer treatment reported positive data in an early-stage trial. It's set to be Aravive's best single-session gain ever by a wide margin, and...Read More
A Wall Street Journal report said an impasse between the U.S. and China might thwart the "phase one" dealStock futures are pointing lower today after the Wall Street Journal said recent trade talks between the U.S. and China could soon come to an "impasse," which could stop the much-anticipated phase one agreement from happening. This comes shortly after President Donald Trump's threat to raise ta...Read More
A look at how stocks perform when the 20-day historical volatility falls below 5%The S&P 500 Index (SPX) has been grinding higher for several weeks now. With the slow grind, the 20-day historical volatility (HV) is on the verge of falling below 5% -- a rare feat. Low volatility usually corresponds to positive returns, and with the S&P 500 up six straight weeks, this time is no different. This week...Read More
By: Gary SavageThe bullion banks have been able to take gold down at will, dumping gold contracts usually in the pre-markets..http://blog.smartmoneytrackerpremium.com/Read More
- Stewart Thomson, Graceland Updates 1. Top US politicians describe the US economy as the "mightiest of all time". 2. Please click here now. Houston, we have a problem! The next tariff tax deadline is now only about three weeks away. 3. While Trump's diehard fans may want him to hike these taxes again if China doesn't "play ball", massive FOREX liquidity fl...Read More