Month: January 2019

After heading the list of largest municipal bond issuers in 2018, the Dormitory Authority of the State of New York is targeting another milestone year. DASNY is celebrating its 75th anniversary in 2019, and the giant conduit issuer wants to grow from its longtime role as a borrower for New York State nonprofit entities to
0 Comments
Introduction Welcome to my Oil Weekly report. In this report, I wish to discuss my views on U.S crude markets. To do that, I used the iPath S&P Oil Total Return Index Exchange-Traded Notes (OIL), which tracks the performance of the S&P GSCI® Crude Oil Total Return Index, through direct investments in West Texas Intermediate
0 Comments
View Bitcoin’s minor recovery rally from six-week lows could be extended further to levels above $3,500 as back-to-back long-tailed daily candles are indicating a lack of conviction among sellers, despite Monday’s high-volume range breakdown. A break above the downward sloping 10-day MA of $3,511 would expose the crucial resistance of $3,658 (the high of Saturday’s
0 Comments
Home values increased 5.2 percent annually in November, down from 5.3 percent in October, according to the widely-watched S&P CoreLogic Case-Shiller National Home Price Index. The 10-city composite annual increase also fell to 4.3 percent, down from 4.7 percent in the previous month. The 20-city Composite saw a 4.7 percent annual gain, down from 5.0
0 Comments
A popular instrument used to manage exposure to volatility is going away as investors face a number of potentially market-rattling uncertainties, even if a late-2018 rout for stocks has given way to a state of more recent calm. The exchange-traded iPath S&P 500 Vix Short-Term Futures ETN, which trades under the ticker VXX US:VXX is
0 Comments
Home prices in 20 U.S. cities slowed in November for an eighth straight month, extending the longest streak since 2014, as affordability issues remain. The 20-city index of property values increased 4.7% in November from a year ago, after climbing 5.0% in October, S&P CoreLogic Case-Shiller data showed Tuesday. Las Vegas (up 12%), Phoenix (up
0 Comments
Check out the companies making headlines after the bell: Shares of Whirlpool fell nearly 7 percent Monday after missing on fourth-quarter revenue and giving weak full-year earnings guidance. The home appliance company posted mixed earnings with $5.66 billion in revenue, compared to the $5.76 billion estimated by Wall Street. Earnings per share were $4.75, beating
0 Comments
Kik, a Canadian-based cryptocurrency social media startup, has warned the SEC that it would fight back against alleged securities infractions. As first reported by the Wall Street Journal, Kik is fighting back regarding its 2017 initial coin offering (ICO). Kik Fights Back During its ICO, the Canadian-based app company raised almost $100 million in ‘kin’
0 Comments
One of the most common assertions made against Environmental, Social and Governance (“ESG”) and other types of Responsible Investments (“RI”) is that, while it may be good for your conscience, it isn’t good for your wallet. Over the years, everyone from pension-fund gurus to high-powered billion-dollar asset managers have weighed in with the same pessimistic
0 Comments
Stocks may be on the brink of another correction. Despite 2019’s strong start, the Economic Cycle Research Institute’s Lakshman Achuthan believes the market remains in a danger zone, because there’s evidence economic growth is still decelerating. “The elephant in the room remains the cyclical slowdown. And, as long as that slowdown is in play… the
0 Comments