Erik Townsend and Patrick Ceresna welcome Keith McCullough to MacroVoices. They discuss the macro themes of the last quarter of 2019, what is next for the Chinese economy, long short pairs trade in software industry and moreMr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCullough was a Partn...Read More
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
Slides and Links: https://www.itmtrading.com/blog/inves...A leveraged loan is typically used in LBOs (leverage buyouts) where a corporate merger or acquisition is funded by debt initially funded by either a bank or a non-bank. Then, "using the leveraged loan market as a wallet" additional debt is put on the corporation to fund dividend payouts. Once that money has been paid out, it's no longer ava...Read More
A handful of chart by Albert Edwards at Society General suggests a recession is long overdue.Continue...Read More
"The U.S. economy has experienced more than $500 billion in direct losses over the last five years due to climate and weather-related events. In addition, climate change has significantContinue...Read More
Despite the NY Fed disclosing recently that Repo Madness averages (means that some days it's a lot higher) $190 billion dollars per day and not $120 billion dollars per day, the US Dollar Index is rallying and back over 98.The Fed's official balance sheet increased another $20 billion dollars in the last week. It's now increased $72 billion dollars in just the last 2 weeks and $279.5 billion dolla...Read More
Dear Rich Lifer,When people start thinking about saving money, they often look for areas to cut costs, and gym memberships are usually one of the first line items to get cut.It makes perfect sense – with some gyms charging upwards of $200 per month, it just doesn't work out to be worth the price tag for most people.On the other hand, exercise is important, and it becomes evenmore important a...Read More
We wrote a very telling research article on October 24th, 2019. We never published it because we had other articles scheduled to be published over the next few weeks in the queue and because our subscribers get our trade alerts before the general public. At this point, we are sharing that past article as well as some current research for Natural Gas that should be very interesting to you.Pay...Read More
Dave KranzlerThe major stock indices - the Dow, SPX and Nasdaq - have wafted up to all-time highs on a cloud of Central Bank printed money. Interestingly, most of the stocks in all three indices are below to well below their all-time highs. Breadth of the move is shockingly thin. Very few stocks are responsible for pushing the indices higher. The Dow's move last Friday, for instance, was...Read More
Stewart Thomson, Graceland Updates 1. Gold continues to consolidate with sideways price action after reaching the $1500-$1550 resistance zone.2. Please click here now. Double-click to enlarge. Investor patience is required when the price arrives at a major support or resistance zone like $1500-$1550.3. The good news is that for the current gold market reaction,...Read More
By: Ira EpsteinGold in somewhat of the sideways pattern, but the swingline has turned down now -- does the market have legs to it to the downside?Read More
Stocks went into the close around breakevenStocks were little changed today during a low-volume session on Wall Street, as traders continue to await more clarity on trade talks. Reports circulated that the U.S. and China may not come to a trade agreement until December, and a number of Fed speeches were front and center, as well. The Dow held right below its all-time high for most of the day, but...Read More
The shares are squaring off against a historically bearish moving averageOil prices are lower today, set to snap a recent winning streak, due to concerns about U.S.-China trade and a bigger-than-expected increase in domestic crude inventories. Meanwhile, one oil-and-gas stock appeared on our radar as a possible short play: Parsley Energy Inc (NYSE:PE), the shares of which are waffling today after...Read More
Options volume has picked up on TMHC and SUPNThe U.S. stock market is holding near record highs today, as Wall Street unpacks a series of Fed speeches. Among specific stocks making notable moves are home builder Taylor Morrison Home (NYSE:TMHC), cancer specialist Constellation Pharmaceuticals Inc (NASDAQ:CNST), and drugmaker Supernus Pharmaceuticals Inc (NASDAQ:SUPN). Here's a quick look at what's...Read More
Historical volatility is low on ATVIThe iShares Expanded Tech-Software Sector ETF (BATS:IGV) has mostly been in consolidation mode since August, struggling to break out above the $220 level. Not surprisingly, this price action is representative of the price action seen from one of the exchange-traded fund's (ETF) largest holdings, Activision Blizzard, Inc. (NASDAQ:ATVI). The video game company, al...Read More
The company just announced the discovery of a new strain of HIV The shares of Abbott Laboratories (NYSE:ABT) are inching higher following the pharmaceutical company's discovery of a new strain of Human Immunodeficiency Virus (HIV) called HIV-1 Group M, Subtype L. This discovery was published in the Journal of Acquired Immune Deficiency Syndromes (JAIDS), and highlighted how next-generation genome...Read More
The S&P and Nasdaq are lower, at last checkStocks are holding near record highs today. Following last week's third rate cut of the year, Fed speeches are in focus, with Chicago Fed President Charles Evans earlier categorizing the central bank's monetary policy as "accommodative." Looking ahead, Philadelphia Fed President Patrick Harker is slated to speak at 3:15 p.m. ET. M&A headlines are also on...Read More
Gold continues to maintain an elevated level because of the fear of trade.Technically, gold is slightly positive for the short term.The set up for gold is similar to 2016.Futures traders are set up like they were in 2016.Gold has been holding up because of a weaker dollar and continued fears about a non-existent recession. In this piece, we update the gold market. Gold has been unable to stay abov...Read More
The combination of high stock price and low IV has been bearish for SKX in the pastSkechers USA Inc (NYSE:SKX) has been rallying sharply since its late-August lows near $29, up 34%. The shares are now trading at $39.09, within a chip-shot of their July 19 annual high of $40.50, but one signal is suggesting it's time to brace for a pullback in the retail stock.Specifically, SKX stock's Schaeffer's...Read More