Another “safe stock” is soaring to new highs this week. And it’s all because so many folks are breaking a sacred American condiment rule… Greg Guenthner reports…
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The major averages are all trending lower this morning as traders absorb the newest trade war threat. Will the move stick? Or will stocks once again shake off trade war headlines and push into the green? Today, Greg Guenthner turns to three charts for the answer…
Dip buyers go crazy! Today, Greg Guenthner explains how to fight through the noise and discover exactly what the dip buyers are gobbling up as the trading week ends.
Back in May, you should have ditched your gold for greenbacks. At the time, gold was sinking below $1,260 for the first time in months. The dollar looked like it was poised for a major breakout toward its 2013 highs. And virtually no investors were remotely interested in these developments. Of course, a lack of publicity didn’t stop the market forces that were already in play. Gold tripped another 5% and sank toward its lows. And the dollar exceeded all expectations, rocketing to levels not seen since 2010. Can these trends continue? Greg Guenthner explains…
I told you last week that while retail sales came in flat overall there was one major bright spot. Spending at restaurants was higher. Folks are eating out in record numbers. And these cheap pizza joints are a great way to play the trend.
Over the past three months, the iShares Dow Jones U.S. Home Construction ETF (NYSE:ITB) is up nearly 5%. Sure, the homebuilder ETF dipped during the market’s August selloff. But it’s shaken off this hit like a champ and is going on the offensive again. Now it’s back up near its highs.
After the smoke cleared Monday morning, the latest round of this oversold bounce pushed crude’s 3-day gain over 25%, after dipping below $44 early on. It ripped higher by midday, gaining 6% by early afternoon. So oil’s unexpected rebound is stealing all the headlines heading into a brand new trading month.