European Central Bank decides to split the difference on ending bond purchases
At its meeting today the European Central Bank decided to buy fewer bonds each month but for more months. Monthly purchases will be cut to 30 billion euros ($35 billion) from 60 billion euros beginning in January. But the bank will extend its bond purchases until September. Some observers had through the central bank would end purchases in January or March.
How do you pick an ETF? Besides liquidity and expenses, indexes count
Let’s say, that after reading my post on asset allocation in my Perfect 5 ETF, you agree and decide that you do want to put 30% of your portfolio into an emerging markets ETF. But which one do you pick?
So how long does China’s Xi intend to stay in power?
Chinese President Xi Jinping has centralized more power in his hands than any of his immediate predecessors. He’s certainly going to be able to pursue his goal of restoring China to its rightful place in the world economic and political order for the rest of his term–and beyond–without significant opposition. Expect an even more assertive China.
Visa beats on earnings and revenue as payment volumes climb by 9.8%
Today October 25 Visa (V) reported September quarter earnings of 90 cents a share, 5 cents a share above Wall Street projections. Revenue climbed 13.9% year over year to $4.86 billion vs. Wall Street projections of $4.63 billion. Payments volume, on a constant dollar...
AMD earnings were supposed to be a bellwether for Nvidia–let’s hope not
Before AMD’s earnings report on October 24, traders had speculated that the company’s earnings would be a useful indicator for what Nvidia (NVDA) would report on November 9. After all, the two companies do compete in some of the same markets with processors for gaming, and servers, and, increasingly for chips with parallel architectures used in artificial intelligence and autonomous driving applications. But AMD dropped almost 11% after it reported. Does that have any significance for Nvidia?
Jubak Picks Danaher reports breakout quarter.
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The yield curve on Treasuries goes from flat to flatter
Bond traders are convinced that the Federal Reserve is going to raise interest rates at its December 13 meeting–according to the CME Fed Watch calculator, the odds of a December 13 interest rate increase are 96.7%. But bond traders are also convinced that the Fed won’t raise rates four times in 2018 as it has signaled. Two rate increases and that’s it, the market is saying
Notes You Need for October 23: Japanese stocks, Intel chips in Google phone, more on iPhone sales, earnings growth slow, dollar strength, rig count
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. It includes items like this from today: “10:40 a.m.: A teardown by iFixit showed that the Visual Core chip from Google’s new Pixel 2 phone is built on an Intel (INTC) chip. A Google spokesperson told CNBC that the “Pixel Visual Core is a custom designed process from Google” that the company built “with Intel.” Google also confirmed the Alphabet’s Wayne self-driving technology uses Intel chips.
A wild week for earnings announcements
Enough changes in direction this week in earnings reports to keep your head spinning. We go from earnings results from the “old economy” to tech behemoths to Big Oil. This week starts off with a truckload of earnings reports from bellwethers of the “old economy.”
Polls are right: Government winning seats, Senate race in Argentine elections
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Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
Elections on Sunday and the results of a past vote in Spain will be the background when financial markets open on Monday
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