Wall Street enters the afternoon session flat (SPY-0.03% after paring earlier morning gains with investors looking for more clarity on Trump's policies. Oil fell more than 2 percent to its lowest in three months today and the end of the 30-year-old bull run in bonds, as investors seek to favor stocks.
Here is the current market situation from CNN Money
North and South American markets are mixed. The IPC is higher by 1.20%, while the Bovespa is leading the S&P 500 lower. They are down 7.73% and 0.11% respectively.
$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)
NEW YORK (Reuters) - Donald Trump's stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds.
NEW YORK (Reuters) - A measure of U.S. inflation expectations held mostly steady at low levels in October, with only some momentum higher, according to a Federal Reserve Bank of New York survey taken before Americans voted in this month's presidential election.
NEW YORK (Reuters) - Oil fell more than 2 percent to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances OPEC will reach a deal to cut output.
SEOUL (Reuters) - Samsung Electronics has agreed to buy Harman International Industries in an $8 billion deal, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean company.
WASHINGTON (Reuters) - Investors in marketplace loans, where borrowers and funders are matched in online platforms, need to have adequate information about borrowers' abilities to repay the debts, the U.S. Securities and Exchange Commission chair said on Monday.
WASHINGTON (Reuters) - The U.S. Transportation Department on Monday finalized long-delayed rules that will require "quiet cars" like electric vehicles and hybrids to emit alert sounds at speeds of up to 18 miles per hour.
FRANKFURT (Reuters) - German engineering group Siemens has agreed to buy U.S.-based Mentor Graphics in a $4.5 billion deal that will bolster its industrial software operations and help it keep pace with changes to manufacturing technology.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
I recently penned a post discussing the idea of a "new secular bull market," which, not surprisingly, garnered a good bit of push back from the "always bullish crowd."
However, while the thesis of a new secular bull market is interesting, it is based on some flawed assumptions on interest rates, valuations and time frames.
The first assumption was that interest rates have now begun a secular shift higher based simply on the premise that rates are so low they must now go up.
While the chart clearly shows that interest rates have hit the same levels as last seen in 1946, the view rates will rise strongly from current levels assumes that the same economic drivers exist today. In 1946, the United States had just exited WWII which left Europe and Japan in ruins. The United States became the manufacturing center of the industrialized world as we assisted in the rebuilding of Germany, Britain, France and Japan. That is no longer the case today as much of our industrial manufacturing has been outsourced to other countries for lower costs, technology has replaced jobs by increasing productivity, and demographic trends now weigh against stronger econom ...
Econintersect wants your comments,
data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.
Econintersect Live Market
Print this page or create a PDF file of this page
The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.
Take a look at what is going on inside of Econintersect.com