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1. Low oil prices are a transfer of wealth 2. U.S. consumers will benefit 3. The crash in oil is due to speculation and deregulation 4. The end of austerity in the U.S. 5. The budget deficit is set to grow 6. U.S. household debt service is at historic low 7. Housing starts still below average 8. Stocks are cheap – S&P 500 forward P/E is below average 9. China isn’t as important as people think ...
1. Wells Fargo & Co. 2. International Business Machines Corp. 3. America Express Co. 4. U.S. Bancorp 5. Goldman Sachs Group Inc. more...
Gold prices are sharply higher and are challenging the key $1,100.00 level in early U.S. trading Friday. More safe-haven buying interest and short covering in the futures market are featured as the U.S. stock market is poised to open up sharply lower. There is also more uncertainty as U.S. traders and investors head into a three-day holiday weekend. The U.S. dollar index is solidly lower on this day, which is also working in favor of the precious metals ...
As it has for much of 2015, China’s soft economic underbelly will remain a core concern for the growth of the global marketplace. Indeed, the odds are that China’s economic troubles will only continue to get worse in 2016—and the events of these very first days of the new year are not a good omen. This is because Beijing has painted itself into a corner and the various policy levers it is trying to press are producing contradictory outcomes. ...
"While inventories were lower when the Energy Information Administration released its weekly Petroleum Status Report Jan. 6, prices continued to drop for the week, indicating that investors are not likely to see improvement in oil price levels for at least the first half of 2016." Weekly price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition. Fibo support level at 30.39 is going to be broken by the price from above to below for the ...
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