If you missed Adam on CNBC Asia's Cash Flow with Oriel Morrison and Bernie Lo last night (1/15/14) we have the video for you below. Listen to Adam discuss the banking sector and what is happening with the FED.
Category: General
Could It Be, Gold Actually Looks Bullish?
Traders are struggling to understand what the unemployment report means to the Federal Reserve and to the markets, but their initial assessment seems to be bullish.
Concerns About Spending Offset by Weak Jobs Data
SPDR SP 500 ETF (NYSE: SPY) gained 0.68% last week despite negative news from several companies throughout the week.
Until Friday, retailers dominated the news about the stock market. J. C. Penney (NYSE: JCP) and Sears (NASDAQ: SHLD) reported disappointing holiday sales and the stocks sold off. Other retailers also reported lower sales. Addressing future profitability, Macy's (NYSE: M) jumped after announcing plans to cut costs. Continue reading "Could It Be, Gold Actually Looks Bullish?"
Big Banks Report Earnings This Week
The Banking sector is heavily represented in this week's finance sector reports, with all of the sector's big guns like J.P. Morgan (NYSE:JPM), Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), Citigroup (NYSE:C), and Goldman Sachs (NYSE:GS) coming out with results this week.
Total earnings for this sector as a whole are expected to be up +19.3% from the same period last year. So, on paper it all looks rosy, as they say. Currently the Trade Triangles are in long positions in the major bank stocks that are reporting earnings this week. Continue reading "Big Banks Report Earnings This Week"
Gold Alert! New Weekly Trend Change
Gold issued a NEW weekly green Trade Triangle indicating that the intermediate-term trend has changed to a long position. The Trade Triangle was issued @ $1,246.72. Get your Free Trend Analysis of Gold Firms That Fail: What to Look For in an FCM
By: DeWayne Reeves
Recent bankruptcies and failures of PFG and MFG have made execution and rates just a part of the search for a commodity brokerage. Now it is vital to know the features of the firms themselves. For years, brokers have relied on the CME's Safeguards in the CME brochure that described the step-by-step process for the financial failure of a commodity firm. The trading world was not prepared for default based on theft and manipulation by a trusted figure in the trading world. Trust is what the exchanges thrived on for years, along with the intensive background checks of the floor brokers and the financial requirements to weed out only the elite candidates for membership to the exchange. Falsifying bank records, which actually affected the holding accounts of the firm, was a shock to the trading world. Continue reading "Firms That Fail: What to Look For in an FCM"
