US markets moved into the green as predicted and are currently trading sideways (SPY +0.8%) on moderate volume. Current economic conditions warrant a "serious discussion" of whether to raise interest rates at next week's Fed meeting, Atlanta Federal Reserve Bank president Dennis Lockhart said today in remarks that may raise the likelihood of Fed action.
Here is the current market situation from CNN Money
North and South American markets are mixed today. The S&P 500 is up 0.86% while the Bovespa gains 0.20%. The IPC is off 0.77%.
$NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Following a major market correction, the conditions for safe re-entry are when:
a) Daily $OEXA200R rises above 65%
Secondary Bullish Indicators:
a) RSI is POSITIVE (above 50)
b) Slow STO is POSITIVE (black line above red line)
c) MACD is POSITIVE (black line above red line)
LONDON (Reuters) - OPEC raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and U.S. shale drillers prove more resilient than expected to cheap crude, pointing to a larger surplus in the market next year.
TOKYO/HONG KONG/LONDON (Reuters) - A sudden surge in government borrowing rates across the world has jarred global markets, reflecting mounting investor anxiety that central banks have run out of both tools and ideas to stimulate economies on their own.
ATLANTA (Reuters) - Current economic conditions warrant a "serious discussion" of whether to raise interest rates at next week's Fed meeting, Atlanta Federal Reserve Bank president Dennis Lockhart said on Monday in remarks that may raise the likelihood of Fed action.
(Reuters) - Canada's Agrium Inc and Potash Corp of Saskatchewan Inc agreed to merge to create the world's largest fertilizer company and navigate a severe industry slump, assuming the deal can first overcome close regulatory scrutiny.
NEW YORK (Reuters) - Two measures of U.S. inflation expectations rebounded last month, according to a Federal Reserve Bank of New York survey that may come as a relief to central bankers worried about price measures stuck at low levels.
NEW YORK (Reuters) - A federal appeals court on Monday revived a former JPMorgan Chase & Co private banker's whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client might be committing fraud.
Published exclusively for Sputnik by Dr. Robert Epstein, a Senior Research Psychologist at the American Institute for Behavioral Research and Technology, in Vista, California.
In this exclusive report, distinguished research psychologist Robert Epstein explains the new study and reviews evidence that Google's search suggestions are biased in favor of Hillary Clinton. He estimates that biased search suggestions might be able to shift as many as 3 million votes in the upcoming presidential election in the US.
Biased search rankings can swing votes and alter opinions, and a new study shows that Google's autocomplete can too.
A scientific study I published last year showed that search rankings favoring one candidate can quickly convince undecided voters to vote for that candidate — as many as 80 percent of voters in some demographic groups. My latest research shows that a search engine could also shift votes and change opinions with another powerful tool: autocomplete.
Because of recent claims that Google has been deliberately tinkering with search suggestions to make Hillary Clinton look good, this is probably a good time both to examine those claims and to look at my new research. As you will see, there is some cause for concern here.
In June of this year, Sourcefed released a video claiming that Google's search suggestions — often called "autocomplete" suggestions — were biased in favor of Mrs. Clinton. The video quickly went viral: the full 7-minute version has now been viewed more than a million times on YouTube, and an abridged 3-minute version has been viewed more than 25 ...
Following up on Deutsche Bank as Ground Zero?, I'd like to focus on the deteriorating credit metrics at Germany's largest bank. To be absolutely honest, an educatied consumer is the at odds with the bank's other stakeholders in this situation. Educated consumers, particularly those seeking safe, secure bank accounts and lending faciilities should be moving out of Deutshe bank right now. DB is far from safe and secure, particularly in relation to other destiniations. Remember, bank bail-ins are EU law now. European regulatory authorities can force these failing institutions to cancel or severely dilute shareholder equity or to cancel, write-down or convert unsecured liabilities to equity. Such regulatory action is referred to as a "bail-in." Bank depositors (checking, savings, demand accounts) are investors as well, in the form of unsecured creditors.
Most depositors still don't realize this (despite Icelandic bank depositors getting smashed). Depositors are the largest, one of the cheapest, and currently the most stable form of bank financing.
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