The Tax Cuts and Jobs Act of 2017 – signed into law on December 22 last year – allows U.S. companies to repatriate the cash they have socked away overseas by paying 15.5 percent, rather than the previous 35 percent. … Continued
As talk of potential trade war heats up, attention has shifted to U.S. small-caps. Deserved or too simplistic? Early last week, the Russell 2000 small cap index tried to take out not one but two levels of resistance – the … Continued
Woulda, Coulda, Shoulda! What could have been $9.93 in profit in a hypothetical XLE trade is now only worth $1.83. Culprit? Trying to play it too cute plus greed. Since peaking on January 25 at $66.66/barrel, spot West Texas Intermediate … Continued
Following futures positions of non-commercials are as of February 27, 2018. 10-year note: Currently net short 342.9k, up 128.4k. On February 5 when Jerome Powell took over as Fed chair the S&P 500 large cap index dropped 4.1 percent, and … Continued
There are signs growth is decelerating, but from a healthy level. Data relating to orders and inventories do not yet seem to be a problem, but worth watching. Most of this week’s economic data offered more of a downside surprise … Continued
Here is a brief review of period-over-period change in short interest in the February 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) During the reporting period, XLB (60.71) went from 62.95 at January-end to an intraday low … Continued
In investing, November 9, 2016 will be remembered not only because a day earlier the nation chose Donald Trump as the next president of the United States but also because the way investors reacted to the news. Early weakness was … Continued
The U.S. sovereign bond market has hit the headlines a lot these days. Rates have rallied big since September 2017 lows, but from suppressed levels, and are at crucial stage technically. At least near term, fundamentals do not allow for … Continued
Following futures positions of non-commercials are as of February 20, 2018. 10-year note: Currently net short 214.5k, down 82.5k. Three percent on the 10-year Treasury note is a closely watched level by many. If it is surpassed, stops likely get … Continued
“…the details of the tax legislation suggested that its effects on consumer and business spending – while still uncertain – might be a bit greater in the near term than they had previously thought. Although several saw increased upside risks … Continued