US Consumers Upbeat

US Consumers Upbeat

US consumer debt increased by the most in 5 months in April and topped estimates, suggesting more upbeat sentiment among Americans is supporting borrowing and spending. Total credit expanded $17.5-B from the prior month following an upwardly revised $11-B gain in March, Federal Reserve figures showed Friday. Revolving debt outstanding increased the most since November while non-revolving […]

US Household Wealth Tops $108-T in Q-1

US Household Wealth Tops $108-T in Q-1

$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX US household wealth marked a record in Q-1 as the stock market rallied, supporting consumers after Fed interest-rate hikes and trade dispute shocked investors late last year. Net worth for households and non-profit groups increased by $4.69-T, or 4.5%, to $108.6-T after a 3.7% drop in the prior frame, Federal […]

Positive Consumer Data Driving the Market

Positive Consumer Data Driving the Market

$SPY, $QQQ, $DIA US consumer spending surged 0.9% in March, the biggest gainer in about 10 years, as inflation pressures remain non-existent. The March gain was the biggest monthly increase since August 2009, the Commerce Department reported Monday. That is a big improvement after 3 months of lackluster readings in this Key segment of the economy. Consumer […]

SEC ISSUES FIRST CRYPTOCURRENCY NO-ACTION LETTER – WHERE’S THE ACTION?

SEC ISSUES FIRST CRYPTOCURRENCY NO-ACTION LETTER – WHERE’S THE ACTION?

$BTCUSD By Mark Hiraide On April 2, 2019, the Division of Corporation Finance of the Securities and Exchange Commission issued a no-action letter to TurnKey Jet, Inc. in connection with a proposed sale of tokens in the United States. It was the first no-action letter relating to cryptocurrencies and was widely heralded as a watershed event […]

Tesla (NASDAQ:TSLA) Misses Delivery Estimates, ‘Haircut’ Follows

Tesla (NASDAQ:TSLA) Misses Delivery Estimates, ‘Haircut’ Follows

$TSLA Tesla (NASDAQ:TSLA) had a rough day Thursday, the Bearish pressure came on the heels of much weaker delivery numbers on its EVs in Q-1 There continue to be concerns about how strong the demand is for the company’s M-3 sedan that has been on the market for less than 2 years. Tesla delivered just […]

Tuesday the Broad Market Extends the Gains Off Friday’s Recovery

Tuesday the Broad Market Extends the Gains Off Friday’s Recovery

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Small businesses see bright future ahead Most S&P 500 sectors finish with gains Softening Consumer Price Index for February reinforced notion Fed will be patient US Treasury yields even lower Optimism among small companies in the US improved in February, snapping a 5-month losing streak that was the longest […]

The Rate Hike Holiday is Here!

The Rate Hike Holiday is Here!

US consumers expect prices to rise more slowly, according to the Federal Reserve Bank of New York, a decline in inflation expectations in February that likely reinforces policymakers’ reluctance to hike rates. It showed 1 and 3 year ahead inflation expectations were down 0.2 percentage points to 2.8% last month, with sharp declines in expected […]

Fed Engineered Market Correction Stripped Nearly $4-T from American’s Household Wealth

Fed Engineered Market Correction Stripped Nearly $4-T from American’s Household Wealth

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: This Bull Market is about to have its 10th Birthday! US household wealth fell 3.5% into the close of Y 2018 on the back of a Fed engineered stock market correction in Q-4 that threatened to weaken a near 10 year recovery. In its Quarterly Flow of Funds report, the […]

Tesla (NASDAQ:TSLA) Weeks Away from Hitting 7,000-M-3s/week Production Goal

Tesla (NASDAQ:TSLA) Weeks Away from Hitting 7,000-M-3s/week Production Goal

Tesla (NASDAQ:TSLA) Weeks Away from Hitting 7,000-M-3s/week Production Goal $TSLA Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is pushing his factory workers in his Fremont, CA plant to consistently produce 7,000 M-3 EV sedans per week by the end of November, according to an internal e-Mail. Mr. Musk said he planned to walk the entire M-3 production line […]

US Economic Boom the “single most important political story”

US Economic Boom the “single most important political story”

US Economic Boom the “single most important political story” President Trump fully deserves the credit, he said, for lowering tax rates, rolling back trade regulations and enforcing trade reform. The United States’ economic boom is the “single most important political story” that has happened this year, National Economic Council Director Larry Kudlow. “This is going to […]

Student Loan Borrowers Defaults Increase

Student Loan Borrowers Defaults Increase

Student Loan Borrowers Defaults Increase New research shows more than 1-M student loan borrowers each year go into default and nearly 40% of borrowers are expected to default on their student loans by Y 2023. Outstanding education debt in the US has 3X’d over the last decade and now exceeds $1.5-T, posing a greater burden […]

Bitcoin: The Why, The Why Nots!

Bitcoin: The Why, The Why Nots!

Bitcoin: The Why, The Why Nots! $BTCUSD, $CBOE, $CME Bitcoin has been in the news for the past year, and a clear understanding about how the cryptocurrency actually works and its volatility has kept many professional investors and traders from considering it worthy. There surely is plenty of money to be made, but investors must […]

Moody’s Rates US Credit “Top Notch” at Aaa

Moody’s Rates US Credit “Top Notch” at Aaa

Moody’s Rates US Credit “Top Notch” at Aaa $DIA, $SPY, $QQQ, $VXX This week Moody’s said that it has maintained the United States’ top-notch “Aaa” credit rating, saying the country’s “exceptional” economic strength would counterbalance lower fiscal strength. The ratings agency also kept its stable outlook on the United States and said it expects Washington to resolve […]

IRS Taps Bitcoin Traders’ Exchange Data Pool

IRS Taps Bitcoin Traders’ Exchange Data Pool

IRS Taps Bitcoin Traders’ Exchange Data Pool $BTCUSD Coinbase Inc., an online exchanges for digital currencies, has warned thousands of its customers that it will be reporting their financial data to the US tax officials. The request was part of a probe by the Internal Revenue Service (IRS) into alleged tax evasion and advoidence. The […]

Bitcoin ‘Hammered’ Banks Ban Purchases

Bitcoin ‘Hammered’ Banks Ban Purchases

Bitcoin ‘Hammered’ Banks Ban Purchases $BTCUSD Mr. Bear Breathes on Cryptocurrencies Bitcoin Hits $7,500 as UK’s Biggest Bank Bans Cryptocurrency Purchases on Credit Currently, Bitcoin is trading at: 7,659.085, -284.92, or -3.59%,  as of 1:22p GMT, the market is open. Bitcoin prices tested 3-month lows Monday after Lloyds Banking Group, Britain’s biggest bank, said it would ban […]

President Trump Right to Take Credit for Booming US Stock Market

President Trump Right to Take Credit for Booming US Stock Market

President Trump Right to Take Credit for Booming US Stock Market $DIA, $SPY, $QQQ, $VXX US stocks climbed to new records for the 3rd session running Tuesday, as investors took in the latest batch of Q-4 earnings and celebrated the reopening of the federal government. Tuesday, Blackstone (NYSE:BX) CEO Steve Schwarzman says President Donald Trump […]

People are Buying Bitcoin with Debit and Credit Cards

People are Buying Bitcoin with Debit and Credit Cards

People are Buying Bitcoin with Debit and Credit Cards $BTCUSD Some people afraid of missing out on the Bitcoin Bull Run has underfunded investors placing bets on credit. The data suggests that about 18% of Bitcoin investors used a credit card to fund purchases of the cryptocurrency, according to a survey of 672 active investors […]

China’s $38-T Off-Balance Sheet Items Poses Little Risk

China’s $38-T Off-Balance Sheet Items Poses Little Risk

China’s $38-T Off-Balance Sheet Items Poses Little Risk $CNY, $UBS, $MCO The Chinese finance sector’s RMB 253-T ($38-T) of off-balance sheet items pose little risk because more than two-thirds of them are relatively harmless components such as custodial funds and untapped credit-card limits, said UBS Group AG (NYSE:UBS). Despite the size of the number, a […]

China to Open Up Financial Markets with Tougher Regulations

China to Open Up Financial Markets with Tougher Regulations

China to Open Up Financial Markets with Tougher Regulations China’s central bank (PBOC) Governor Zhou Xiaochuan, 69 anni, says that the country’s financial system is becoming significantly more vulnerable due to high leverage. Zhou who has made some stern warnings recently about debt levels in the world’s 2nd-largest, soon to be the world largest economy. […]

Visa Inc (NYSE:V) HEFFX Highlights

Visa Inc (NYSE:V) HEFFX Highlights

Visa Inc (NYSE:V) HEFFX Highlights Visa Inc. V, +0.25% and PayPal Holdings Inc. PYPL, -1.03% said Tuesday they are extending their U.S. and Asia partnership to Europe. PayPal will use its banking license in Europe to join the Visa network of financial institutions and offer Visa accounts in Europe for consumers to use wherever Visa […]

US-China Trade Deal Reveals Key Corporate Winners

US-China Trade Deal Reveals Key Corporate Winners

US-China Trade Deal Reveals Key Corporate Winners $V, $MA, $AXP, $LNG, $JPM, $MS, $TSN Beef companies, credit card firms and LNG (liquefied natural gas) exporters emerged as potential corporate winners Friday in the wake of trade agreements reached between the United States and China. Initial reaction on the US stock market was subdued after the announcement […]

Investors are Betting The Trump Presidency, Shunning Hedges

Investors are Betting The Trump Presidency, Shunning Hedges

Investors are Betting The Trump Presidency, Shunning Hedges $DIA, $SPY, $QQQ, $VXX Bet the Presidency, is the mantra of investors crowding into the US  The Trump Rally with only modest downside protection despite potential headwinds, from elevated corporate leverage, Fed rate hikes, and potential US policy risks. Data from Goldman Sachs (NYSE:GS) show investors have discarded […]

US Student Loan Debt Reaches $1.31-T

US Student Loan Debt Reaches $1.31-T

US Student Loan Debt Reaches $1.31-T Student loan debt in the United States stands at $1.31-T, far more than Americans’ total outstanding credit card balance of $779-B. The Federal Reserve Bank of New York calculated the numbers and released a report that includes debt data through the end of 2016. Other Key figures in the […]

November, a Pivotal Month in the History of Financial Markets

November, a Pivotal Month in the History of Financial Markets

November, a Pivotal Month in the History of Financial Markets $DIA, $SPY, $QQQ, $VXX, $GS, $JPM November marked a Key shifts for global financial markets, with a number of asset classes from financial stocks, emerging-market bonds to hard commodities staging sharp price swings in the space of just 3 weeks. Investors believe that the election […]

Donald Trump Will Trash Obama’s No-Growth Orders

Donald Trump Will Trash Obama’s No-Growth Orders

Donald Trump Will “Trash” Obama’s No-Growth Orders $DIA, $SPY, $QQQ, $VXX The Trump Rally extends, US stocks finished higher Tuesday, with the DJIA hitting a record high close for the 4th session running as tech stocks rebounded from a post-election hammering and energy stocks were boosted by a sharp rise in Crude Oil prices. Tuesday, […]

Gold & Silver’s Run Forecasts a Coming Bust in Stock, Bonds, Credit Markets

Gold & Silver’s Run Forecasts a Coming Bust in Stock, Bonds, Credit Markets

Gold & Silver’s Run Forecasts a Coming Bust in Stock, Bonds, Credit Markets $GLS, $SLV, $UGLD, $GDX, $CEF, $PHYS In the coming years as investors are forced to seek safe-havens expect Gold to rise to record highs as asset bubbles burst in everything from stocks, bonds and credit. The precious Yellow metal is at the beginning […]

Entrepreneurship in America “Died” Under Obama

Entrepreneurship in America “Died” Under Obama

Entrepreneurship in America “Died” Under Obama $BAC The Y 2008 financial crisis buried US entrepreneurship, and it’s having a hard time coming alive again. A US economist at Bank of America Merrill Lynch (NYSE:BAC), recently said that the formation of new corporate firms and individual establishments has plunged since the financial crisis and remained low […]

US Demand for Autos Fall in July

US Demand for Autos Fall in July

US Demand for Autos Fall in July $GM, $F, $HMC, $TM, $VLKAY US auto sales drop in July as hot weather and softening demand kept buyers at home. Major automakers have reported July sales that fell short of expectations, which has reinforced worries that the market may have peaked with last year’s record numbers. Kelley Blue […]

China Debt Burden Crisis Unlikely

China Debt Burden Crisis Unlikely

China Debt Burden Crisis Unlikely Amid warnings that China may face a financial crisis induced by its debt burden, an economic expert said this week that a number of factors make this scenario unlikely. “Economists have often used such adjectives as ‘neck breaking’ and ‘breath-taking’ to describe the very fast economic growth of China in […]

China’s Economy Seeing Stable Growth in 2016

China’s Economy Seeing Stable Growth in 2016

China’s Economy Seeing Stable Growth in 2016 Recent figures have shown that the Chinese economy has generally seen stable growth with deepening supply-side structural reforms, an official from the National Bureau of Statistics said Monday. Meanwhile, measures have been taken to expand total demand in the 1st 4 months of this year, contributing to economic […]

UAE Business Loan Demand Grows, Lenders Reluctant

UAE Business Loan Demand Grows, Lenders Reluctant

UAE Business Loan Demand Grows, Lenders Reluctant Central bank report finds improving demand in Q-1, as conditions tighten UAE businesses are demanding more loans but lenders appear less willing to supply them, according to a report from the country’s central bank. In its Q-1 report, the bank said the appetite for business credit improved from […]