A Tale of Two Sectors
Today was a good day on Wall Street. The broad market rallied again, giving rise to renewed optimism for the next few months. Despite election year jitters, the market managed to extend its upward trend. The Dow rose +93 points or +0.72% and the S&P 500 gained another +1.05%. However, this overview...
Crude North of $111 – Watch Out
Unusual events are playing out with Macroshares ETFs. They have a long crude and a short crude ETF, and there are unusual events that come into play if oil closes above $111 for three consecutive days. This is quite unusual, and tomorrow should offer a good front row seat as to how things play out. Here’s...
AP: Rising Food Costs Most In 17 Years
The increase in food prices is having a rippling effect across the globe. The AP released a story today detailing the impact of higher food prices and what it means especially to less-developed countries. The USDA claims food as a percentage of household spending is only 7.2% in the U.S., but more...
GE: What’s Earnings Got To Do With It?
Earnings season is upon us. First quarter results are starting to roll in. This is an important time in the life of the market. Last month, the market successfully tested the January lows. Recent attempts to push through upward resistance have proved unsuccessful. As you can see in the chart, there...
Home in the Range
After a few weeks of optimism, the stock market funk appears to be resuming. Hedge fund billionaire George Soros thinks the credit crisis is “far from over.” Lehman Brothers (LEH) revealed it has bailed out five of its bond funds, spending $1.8 billion in the process. Commodity prices are...
Fronteer – A Play on Gold and Uranium
FYI: My handle is John Rogue. Keep that in mind as you read the following: Today, on a slow news day, I glanced into the crystal ball – seeking a long shot / speculative pick type idea. My screen is full of stock lists, stock ideas, sectors, left field ideas, ETFs, funds, you name it, the whole...
Expectation Game
Briefing.com’s market update on the close today mentions what was expected from Alcoa and Advance Micro Devices – two companies in the news today – and two companies disappointing investors. We discussed the expectation theory in our subscriber update last night, by the way. In any...
Commodity Tidal Wave
Bloomberg reported today that global investments in commodities rose by more than a fifth in the first quarter to $400 billion. The article explains that investments tied to commodity indexes rose $40 billion in the first three months of the year to $185 billion. A week ago, the Wall Street Journal reported...
A New Era in American Finance
When Bernanke lent a helping hand to Bear Stearns three weeks ago, he solidly broke with tradition. In the first time in its 95-year history, the Federal Reserve stood behind an overleveraged, bankruptcy-threatened investment bank assuming $29 billion of risk with your taxpayer money. Does the average...
Real Estate Recovery?
Funds related to real estate and construction now dominate the top of our relative strength rankings. This may seem a little odd. Are we not in the midst of a real estate crash? The answer is both “Yes” and “No.” There are all kinds of real estate: commercial, residential,...
