See WTI Crude Oil Price Falling to $30 bbl or Lower $USO, $OIL Experts, including me are warning that Crude Oil prices might continue to decline, and could revisit Y 2016 lows and then some. “Oil is in a downtrend and risks trending into the 30’s,” said a technical strategist at Bank of America Merrill […]
Frenchman Finds Trove of Gold in His House A Frenchman who inherited a house in Normandy from a dead relative has stumbled upon 220 lbs of Gold coins and bars hidden away in places throughout his new home, which are worth about $3.7-M. “There were 5,000 gold pieces, 2 bars of 12 kilos and 37 […]
FBI’s Announcement on Hillary Clinton Investigation Knocks Stocks off Highs $DIA, $SPY, $QQQ, $VXX The US economy grew at a 2.9% in Q-3, the strongest pace in 2 years, as businesses began restocking their shelves at a faster pace. The Q-3 US GDP (gross domestic product), the broadest measure of economic health, was 2X the […]
US Industrial Production Fell for 11th Month Running $DIA, $SPY, $QQQ, $VXX Industrial production declined for the 11th consecutive month in July, -0.5% from July 2015, the fact that it has lasted for nearly a year now is significant. On a monthly basis, production is up from its low in March particularly in the past […]
Once High End Retailer Nordstrom’s (NYSE:JWN) Now a Discount Store $JWN JW Nordstrom’s off-price Rack is thriving, its full-line stores still may have a way to go to fully enter the discount space. In its Q-2, total comparable sales fell 1.2%. It is important to look at the breakdown: comparable sales for its full-line business […]
New US Single-family Home Sales Post Biggest Gainer in 24 yrs $DIA, $SPY, $QQQ, $VXX New US single-family home sales recorded their biggest across the board gainer in 24 years in April, tapping a more than 8-year high. Tuesday’s report from the US Commerce Department, also showed a rise in new home prices to a […]
Wednesday’s Outlook for WTI & Brent Crude Oil $USO, $OIL Tuesday, Wall Street saw a choppy day, warring between weaker US macro-economic data and firm energy prices. Despite falling early in the day, both DJIA and S&P 500 indices marked gains at the end of the day, adding +0.07% and +0.19% respectively, but the NAS […]