Sign Up

Get the InvestingChannel
Free e-Letter Today

Learn More

Independent market opinion, analysis and ideas - delivered every business day

Premium market opinions, analysis, and ideas - delivered every business day

The Channel

  1. FX Spec Positioning Hits Multi-Year...

    28 minutes ago
    Zero Hedge
  2. Lauren Southern Banned From Patreon...

    about 1 hour ago
    Zero Hedge
  3. When Is A P/E Not A P/E: How To Turn...

    about 1 hour ago
    Zero Hedge
  4. Schumer Comes Clean: Democrats - Not...

    about 2 hours ago
    Zero Hedge
  5. Research Underway to Prove “Fountain...

    about 2 hours ago
    Wall Street Pit
  6. 13-Year-Old Kid Buys $552,000 Home

    about 2 hours ago
    Zero Hedge
  7. Interest Rate Increases Are Bearish...

    about 2 hours ago
    Zero Hedge
  8. Hotels: Occupancy Rate Down Slightly...

    about 2 hours ago
    Calculated Risk

Trade Idea of the Day Presented by: Ulli... The ETF Bully

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/20/2017

From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and … Read More

Dow 50,000, Then a Colossal Crash

The markets are heading higher, says Tom Beck, founder of Portfolio Wealth Global, who explains why and discusses the actions that he is taking. Portfolio Wealth Global wants to show you today why stocks are in the final innings of a “blow-off top” set-up and why the “blow-off top” has begun for all major indices—it is global. We all know why stocks are soaring even though the fundamentals don’t justify these valuations. It is a combination of: Low to negative interest rates. Central banks buying stocks and guaranteeing asset purchases with stimulus. The end of the bond bull market. This is why we will see stocks keep charging higher for another three or four quarters before people start losing their pants again. Some stocks are still cheap...

BLS: Unemployment Rates Lower in 10 states in June, Two States at New Series Lows

Unemployment rates were lower in June in 10 states, higher in 2 states, and stable in 38 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Twenty-seven states had jobless rate decreases from a year earlier and 23 states and the District had little or no change. The national unemployment rate, 4.4 percent, was little changed from May but was 0.5 percentage point lower than in June 2016. Colorado and North Dakota had the lowest unemployment rates in June, 2.3 percent each. The rates in North Dakota (2.3 percent) and Tennessee (3.6 percent) set new series lows. ... Alaska had the highest jobless rate, 6.8 percent, followed by New Mexico...

WTI Tumbles Towards $45 Handle After Tanker-Tracker Signals OPEC Supply At 2017 Highs

Despite the 'bullish' inventory data (and demand), WTI Crude just sank towards a $45 handle - red on the week - as tanker-tracking firm Petro-Logistics signals OPEC crude supply rising again this month will be the highest this year (along with US shale output at record highs). As Bloomberg notes, supply from OPEC members is set to exceed 33 million barrels a day this month, more than 600,000 barrels a day higher than the first-half average, according to Petro-Logistics. The data could reinforce skepticism about the effectiveness of the Organization of Petroleum Exporting Countries’ production cuts as officials from the group gather for meetings in St. Petersburg, Russia. This pushed prices below the pre-DOE data lows...and red for the week...

Bitcoin (BTC/USD) Nears All-Time High on Spike Above Daily Chart Downchannel Resistance

Bitcoin (BTC/USD) crushed shorts yesterday, smashing above the daily chart's downchannel resistance and soaring towards the all-time high around 3000. With yesterday's massive rally, the negative weekly MACD crossover has been proved a false signal. Odds are quite good that a sustainable longer term BTC/USD bottom was found last week, especially with ETH/USD also strongly rebounding this past week. Some consolidation can be expected today with daily RSI and Stochastics tiring, although with daily MACD just having positively crossed, more upside can be expected early next week resuming BTC/USD's attempt to regain its all-time high...

Nasdaq Continues Ascent Into Record Territory

Moving the Markets; The major indexes limped around their respective unchanged lines all day with only the Nasdaq crawling above it and in the process setting another record close (10 up days in a row). Another soft economic data point disappointed as the Philly Fed survey missed expectations and slumped to its lowest point since November 2015. The survey summed up that “new orders collapsed, employees tumbled and the average work week slumped.” Not exactly awe inspiring, but in this new normal environment, any type of news are good for stocks. The VIX tanked and thereby was the savior of the day as hawkish talk from BoJ and ECB could not derail the major indexes. However, what was derailed was the US dollar...

Lawler: Early Read on Existing Home Sales in June

From housing economist Tom Lawler:Based on publicly-available local realtor/MLS reports from across the country released through today, I project that US existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.59 million in June, , down 0.5% from May’s preliminary pace and up 2.0% from last May’s seasonally adjusted pace. On the inventory front, local realtor/MLS data suggest that there was a smaller YOY decline in the number of homes for sale in June compared to May, and I project that the NAR’s estimate of the number of existing homes for sale in June will be 1.97 million, up 0.5% from May’s preliminary estimate and down 6.6% from last May’s estimate. Finally, I project that the NAR’s estimate of the median existing...

The Difference Between "Old" And "New" Retail? A Record 50x PE Multiple

In the battle between "old" (bricks and mortar) and "new" (online) retail, few will survive although according to the market, the winner couldn't be more clear. As BofA's Savita Subramanian writes in her latest relative value cheat sheet report, "retailers compete for share of the total consumer wallet, and it is old news that online retailers have continued to take share from traditional brick and mortar retailers." Nowhere is this more obvious than in the near-50x multiple point forward P/E spread between "New" (65x) and "Old" (17x)...

Earlier: Philly Fed Manufacturing Survey "Region continues to grow but at a slower pace" in July

Earlier from the Philly Fed: July 2017 Manufacturing Business Outlook Survey Manufacturing activity in the region continues to grow but at a slower pace, according to results from the July Manufacturing Business Outlook Survey. The diffusion indexes for general activity, new orders, shipments, , employment, and work hours remained positive but fell from their readings in June. Respondents also reported a moderation of price pressures this month. Firms remained generally optimistic about future growth. More than one-third of the manufacturers expect to add to their payrolls over the next six months...

Recent Tweets @InvestChannel

Follow Us on Twitter