Kameleon007 Last January, we wrote an article titled, Price Breakout Confirmed: Why The Advance Should Continue Through August (here). Evidence continues to point to the correctness of this forecast. In the article, we said, Not How High, But How Long While most investors try to estimate the high point of an advance, we prefer to…
Mortgage rates are expected to continue their downward trend in December. The US mortgage market is witnessing a resurgence in refinance demand, marked by a substantial 14% increase in applications. According to a CNBC report, this surge is attributed to a recent drop in mortgage rates, bringing them down to their lowest point since August….
A DTCC spokesperson confirmed that the IBTC ticker for the BlackRock iShares Bitcoin ETF has appeared since August through a unique ID code called CUSIP. Bitcoin has made a strong move moving to $35,000 earlier this week and clocking more than 20% gains on the weekly chart. This typically happened as the BlackRock iShares Bitcoin…
Hryhorii Bondar/iStock via Getty Images By Charlotte de Montpellier Industrial production down Industrial production contracted in August, falling by 0.3% over the month. Manufacturing output also fell, by 0.4% over the month. In addition, July’s figures were revised sharply downwards, losing 0.3 points. There was a clear downturn in August in most sectors of activity,…
Thapana Onphalai By Peter C. Earle In August 2023, the Leading Indicator in AIER’s Business Condition Monthly metrics fell sharply. While the Roughly Coincident and Lagging Indicators edged up slightly (from 75 to 83 in the former, and from 50 to 58 in the latter), the Leading Indicator fell from 79 in July 2023 to…
William_Potter The most important outcome of the last week’s flurry of central bank meetings was the median forecast of Fed officials for 50 bp less in cuts next year than it had anticipated in June as it revised up its growth forecasts for this year and next. The prospect for higher rates for pushed equities…
This article was written by Tom Roseen is the Head of Research Services, joining from Janus in 1996. He is the editor and an author of Lipper’s U.S. Research Studies, FundFlows Insight Reports and FundIndustry Insight Reports. He is involved in fund analysis and research, and contributes to the monthly and quarterly equity and fixed…
Athitat Shinagowin It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolio. Without rehashing the wild ride we experienced in the market so far in 2023, I could find comfort in one thing, my dividends….
Core inflation in August rose as the CPI showed price increases across several points, including energy, housing and airfares. Core inflation in August saw its largest monthly increase for the year as consumer prices rose on housing, energy, and many other items. According to the United States Department of Labor, the consumer price index (CPI)…
PixelsEffect It’s been an excellent year for stock market investors with the S&P 500 (SP500) returning more than 17% thus far and nearly 30% higher from the 2022 lows. The combination of a resilient economy, easing inflation, and strong corporate earnings surprised a lot of very smart people from this time last year. We’ve been…
piola666/E+ via Getty Images One of the most important things I have learned over many years of dividend growth investing is the value of patience. Patience in waiting for the right price to buy. Patience with dividend growth. Even patience when a company is down. Right now, Walgreens (WBA) is down. The forever-promised turnaround is…
Spencer Platt For the month, 34% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with just 13% of equity CEFs and 49% of fixed income CEFs chalking up returns in the plus column. The average equity and fixed income CEF posted NAV-based losses of 1.98% and 0.54%, respectively, for…
RHJ Source: Own Processing Precious metals royalty and streaming companies represent a very interesting sub-industry of the precious metals mining industry. They provide some leverage to the growing metals prices, similar to the typical mining companies; however, they are less risky in comparison to them. Their incomes are derived from royalty and streaming agreements. Under…
Retired Pharmacist 2010. My name is Rose and I “Nose or Knows” growing dividends on quality dividend paying stocks will keep portfolio income strong with a primary goal of a minimum solid 4+% yield. Currently it sits at ~4.6% with ~18% cash awaiting value investing. Solid total return just happens to follow when buying great…
Andres Victorero August was a mixed month for 10-year government bond yields, with those for Sweden climbing nearly 21 basis points to finish at 2.71%. Their U.S. Treasury equivalents saw the month’s second-highest move of over 13 basis points, ending August at 4.09%. Speaking at the Jackson Hole Symposium, Federal Reserve Chair Jerome Powell emphasized…
TERADAT SANTIVIVUT Global jobs growth remained muted in August, according to PMI survey data. Job gains were largely limited to the emerging markets, where jobs growth hit a 12-year-high. Developed world job growth, in contrast, slowed to near-stagnation. Employment growth has cooled especially sharply in the US and Europe in recent months, having enjoyed a…
TimArbaev There was just one pricing this past week, which was excluded from our IPO stats, while holdover biotech Adlai Nortye (ANL) did not get done. Two foreign issuers also submitted initial filings. Filing activity reached a six-month high in August, and six issuers filed to raise $100 million or more, the most since January….
imaginima US manufacturers reported another tough month of trading in August. Output has fallen back into decline after a brief respite in July amid an increasingly steep deterioration in order books. Orders are in fact falling faster than factories are cutting output, suggesting firms will need to continue scaling back their production volumes into the…
Olga Tsyvinska Average prices charged by factories for their goods edged higher for the first time in four month during August, according to the JPMorgan Global Manufacturing Purchasing Managers’ Index™ (PMI™) compiled by S&P Global. Companies reported sustained upward pressure from wages alongside reviving upward pressure on prices from energy and raw material costs. The…
Dilok Klaisataporn * August saw four new preferred stock / ETD offerings, with dividend yields ranging from 6.75% to 8.75%. * Here is a comparison against the highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric: * CDx3 preferreds ranked 10 out of 10 are meanwhile selling…
A tighter labor market and lower jobs opening shows that inflation pressure continue. Companies are adopting a cautious before the Fed’s September meeting. After a strong rebound this year on Wall Street, the month of August has proved to be the worst so far in 2023. However, on Wednesday, August 30, global equities market edged…
BrianAJackson The streak of negative 2-year/10-year Treasury spreads has now reached 287 trading days, 9 trading days longer than the third longest streak since 1976. The probability that the inverted yield curve ends by February 23, 2024 is now 7.6% compared to 13.1% last week. That means that the current streak is less likely to…
Artit_Wongpradu Now that earnings season is virtually over, I’d say our energy stocks have emerged as market leaders and exhibited tremendous relative strength in an otherwise weak August market. I have often written that I do not like August, since it is a month too often characterized by light trading volume and some resulting trader…
shih-wei Originally posted on August 26, 2023 In this weekly outlook, I examine the asset classes, sectors, equity groups, ETFs, and individual stocks that are leading the market higher, and which market segments are lagging behind. By keeping an eye on the leaders and laggards, we can get a sense of where the big money…
BBuilder This economic data template published by Briefing.com is a useful tool for preparing for the coming economic data each week. Here’s all the expected economic data for the week of 8/28/23 through 9/1/23. On Friday, September 1, ’23, the August nonfarm payroll report will be released and consensus expectations are looking for 160,000-180,000 net…
Olivier Le Moal In this monthly article, we try to identify five closed-end funds (“CEFs”) that have a solid historical performance, pay high-enough distributions, and offer reasonable valuations at the current time. We also present a more diversified list of the top 10 funds. Author’s Note: This article is part of our monthly series that…
As part of its preparation for retail trading next week, HashKey has implemented stringent Know Your Customer (KYC) protocols to ensure compliance and security. Hong Kong’s cryptocurrency scene is gearing up for a groundbreaking moment as HashKey, a key player in the industry, is poised to introduce its much-anticipated retail crypto trading services next week….
TERADAT SANTIVIVUT US business activity growth came close to stalling in August, according to flash PMI data compiled by S&P Global. The survey shows that the service sector-led acceleration of growth in the second quarter has faded, accompanied by a further fall in factory output. Companies reported that demand is looking increasingly lethargic in the…
cemagraphics The S&P 500 (SPY) accelerated lower this week, breaking potential supports along the way and undoing all of July’s gains. Admittedly, my 4448-4458 target for this pullback was off the mark. However, as I’ve mentioned before, levels on a chart are only one part of technical analysis; evaluating and reacting to price action is…
PM Images Introduction The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts. However, since this list is only produced once per month, the data in it can quickly get out of date. Furthermore, with over 700 companies on the list, the sheer amount of data can…
Inna Kot In my monthly series, 10 Dividend Growth Stocks, I rank a selection of Dividend Radar stocks and present the ten top-ranked stocks for further research and possible investment. Dividend Radar is a weekly automatically generated spreadsheet of dividend growth [DG] stocks with dividend increase streaks of five or more years. To look for…
Olivier Le Moal In this series of articles, we focus on selecting and highlighting stocks that have been growing their dividends in the recent past at a rapid pace. We also need to ensure that these stocks will likely grow their earnings at a fast pace in the next few years. Due to their hypergrowth,…
designer491 Originally published on August 3, 2023 By Mark Paris, Chief Investment Officer, Head of Municipal Strategies, Invesco Fixed Income | Stephanie Larosiliere, Head of Municipal Business Strategies and Development Here’s our monthly update on what’s going on in the muni market. We ask and answer key questions and highlight munis by the numbers, providing…
primeimages The global economy continued to lose growth momentum at the start of the second half of 2023, underpinned by waning of service sector growth momentum and a deepening manufacturing downturn. Whether this continues in August and to what extent, if so, will be eagerly watched with the upcoming flash PMI releases for major developed…
cemagraphics Last week’s article called for a drop in the S&P500 (SPY) to test 4448-58. Considering this week’s low was 4444, it wasn’t a bad call. However, I won’t pretend I ‘nailed’ the market. The sequence of failed rallies and new lows was a challenge to trade and I expected a larger recovery into the…
Torsten Asmus The 10-year Treasury yield continues to trade at a level well above CapitalSpectator.com’s fair value estimate, but the gap suggests that further increases in the benchmark rate are facing stronger headwinds. The 10-year rate closed at 4.09% yesterday (Aug. 10), modestly above the level when last month’s fair value estimate was updated (3.86%)….
guvendemir July’s CPI reading came in pretty much as expected, at 3.2% versus consensus analysts’ estimates of 3.3%. But inflation swaps had this one priced right at 3.2% and should raise some eyebrows because the swaps are seeing inflation rising again in August to 3.6% y/y and then falling a touch to around 3.5% in…
A fast finality mechanism on the BNB Chain would mean a safer environment for decentralized applications (dApps). Binance’s BNB Chain is scheduled for two upgrades this month to improve the chain’s finality and its compatibility with other Ethereum Virtual Machine (EVM) blockchains. The hard forks are expected to reduce the likelihood of malicious blockchain reorganization…
KanawatTH/iStock via Getty Images July in review Gold gained 3.1% in July helped by a lower dollar and a spike in breakeven inflation rates Global gold ETFs shed holdings for a fourth consecutive month but COMEX managed money net long futures positions more than offset the decline, rising by 93t. Looking forward August has been…
ValeryEgorov Step One: Wide-moat stocks with 5-star and 4-star ratings Historical evidence says that while quality alone is a poor indicator of outperformance, when combined with a decent valuation filter, Morningstar’s moat rating proves to be more than useful. Based on the available data, stocks with a wide-moat rating that also fit into the 4-…
coffeekai/iStock via Getty Images Originally posted on August 5, 2023 In this week’s issue of the 1-Minute Market Report, I examine the asset classes, sectors, equity groups, ETFs, and stocks that led the market lower, and which market segments bucked the trend by moving up. By keeping an eye on the leaders and laggards, we…
cemagraphics The S&P 500 (SPY) fell to a low of 4474 this week after Fitch downgraded the US credit rating. While this was a surprise catalyst, the pullback was no surprise at all and met the expectations set out in last week’s article, and indeed the week before, which called for “the largest pullback since…
Galeanu Mihai Quality Stocks Following a strong finish to the first half of the year, my watchlist kicks off the last 6 months with a strong showing. The watchlist for July posted a strong gain of 5.36%, outpacing both the Vanguard Dividend Appreciation Index Fund ETF Shares (VIG) and the SPDR S&P 500 ETF Trust…
Despite having to continually invest in new technologies, Verizon should announce its 18th year of dividend growth in late August. Cindy Ord This is the latest in my series of articles where I provide predictions of annual dividend increases for a variety of long-term dividend growth companies. At the end of June, I provided predictions…
R&A Studio Index investors are celebrating what is, so far, an amazing year. Ycharts Does this seem crazy? It is. Market Valuations Are Dangerously High Weekly Decline In S&P EPS Consensus Last Week’s EPS Consensus Year EPS Consensus YOY Growth Forward PE 0.00% $206.58 2021 $206.58 50.43% 22.1 0.00% $215.93 2022 $215.93 4.53% 21.2 -0.98%…