There will be a buying opportunity in Exxon Mobil (NYSE:XOM), but it isn’t today. I’m looking at a live feed of the futures market right now and crude oil, via the WTI is down about 4%, with the Brent showing a similar plunge. At the end of the day, Exxon’s strength comes from high crude oil prices and while they’re one of the best companies in the space – and a heavily....More>>>
Investment professionals like to joke that the so-called carry trade is akin to picking up pennies in front of a steamrollera reference to how leverage can quickly and dramatically magnify losses, transforming even a mild selloff into a painful loss.
For those unacquainted with investing jargon, the carry trade is a popular strategy that involves borrowing in a currency with low interest....More>>>
OMB Finishes Review of Fiduciary Rule Delay Request
Fidelity Cuts Trading Prices, and Schwab Follows
11 Best & Worst Broker-Dealers: Q4 Earnings, 2016
On the same day that the Dow Jones industrial average topped 21,000, reaching a new intraday and closing record, Vincent Reinhart, chief economist of Standish Mellon Asset Management, told a luncheon gathering focused on....More>>>
Check out the 10 super savers with health savings account balances that top $200,000 at HealthEquity. What’s their secret? “You have to contribute in the good times!” says Jon Kessler, president and chief executive of HealthEquity. “Think of the accounts like self-insurance.”
The reality is that most health savings account owners use HSAs more as specialized....More>>>
The dollar was flat on Tuesday, but traded lower against the yen, perceived as a haven currency, as investors grew nervous ahead of an important meeting between the U.S. and China on Thursday.
The ICE U.S. Dollar Index ....More>>>
Last week, Canadas announced a suite of bills to legalize recreational marijuana use throughout Canada making good on a campaign promise. The pending legalization bills are widely expected to pass (the goal is to get the regulatory regime off the ground by July 1, 2018) with Abovethelaw.com having an article with the following good summary of the proposedrestrictions and standards:
Source: Google Images, if I could edit this picture, the jack would be breaking…
Moody’s most recent credit markets review and outlook has no expectation for a rate increase this upcoming week. I like the title “Rate Hikes Will Be The Least of Market Worries,” although the markets are definitely worried. This was my theme this past week – despite emotional....More>>>
On Tuesday, stocks fell in a slow session of low-volume trading that was short of any solid events that would shake out either buyers or sellers.
The Dow Jones Industrial Average fell 0.1%, the S&P 500 fell 0.3%, as did the Nasdaq, and the Russell 2000 led the indices lower by posting a loss of 0.7%.
It appears that many investors are waiting for a decision by the Federal Reserve....More>>>
Citigroup’s Wendy Nicholson and Beth Kite argue that the once “untouchable” Avon Products (AVP) “has become intriguing.” They explain why:
After Avon was the worst performing stock in the HPC group in 2015 (down nearly 60%), Avon has been the best performing stock in our coverage universe year-to-date in 2016 (up ~65%). While we have....More>>>
Perhaps another nail in the coffin of Wells Fargo & Co. (NYSE: WFC) CEO John Stumpf. Bernie Sanders, former presidential candidate and United States Senator from Vermont wants to know if the federal agencies involved in the bank’s scandal have made referrals of material to the Justice Department.
Comments from the Sen Sanders website about a letter to Richard Cordray the director....More>>>