The S&P 500 and the DOW were slightly lower, trading mostly flat, as gains in financials shares, ahead of a widely expected interest rate hike, were weighed down by losses in drug stocks. The U.S. dollar index, was down about 0.2% at 101.17.
Here is the current market situation from CNN Money
North and South American markets are mixed. The Bovespa is higher by 1.08%, while the IPC is leading the S&P 500 lower. They are down 0.13% and 0.08% 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)
(Reuters) - The S&P 500 and the Dow Jones Industrial Average were slightly lower on Monday as gains in financials shares - ahead of a widely expected interest rate hike - were weighed down by losses in drug stocks.
JERUSALEM (Reuters) - U.S. chipmaker Intel agreed to buy Israeli driverless car-technology firm Mobileye for $15.3 billion on Monday, positioning itself for a dominant role in the fast-moving autonomous-driving sector.
NEW YORK (Reuters) - Oil hovered around three-month lows on Monday, as rising inventories and drilling activity in the United States, the world's top energy consumer, offset optimism over OPEC's efforts to restrict crude output and reduce a global glut.
WASHINGTON(Reuters) - U.S. household wealth has hit record levels. U.S. stock prices recently hit all-time highs. Inflation is nearing the Federal Reserve's 2.0 percent goal, and the world economy including the once-sick eurozone has skirted the risk of a deep new downturn.
TOKYO (Reuters) - Japan's Toshiba Corp is seeking to extend its Tuesday deadline for submitting official third-quarter earnings due to disagreements with auditors over issues at its U.S. nuclear unit Westinghouse, sources familiar with the matter said.
FRANKFURT (Reuters) - Bosses of German companies including engineering group Siemens and carmaker BMW will travel with Chancellor Angela Merkel to meet U.S. President Donald Trump this week, sources familiar with the matter told Reuters.
BEIJING (Reuters) - Ford Motor Co's luxury unit Lincoln plans to produce luxury SUVs in China by late 2019, as it steps up its move into the world's largest auto market and aims to catch up with German and U.S. rivals who already manufacture in the Asian nation.
HONG KONG/LONDON (Reuters) - HSBC broke with tradition by choosing outsider Mark Tucker to replace Douglas Flint as chairman later this year, handing the AIA Group boss the task of selecting a new chief executive for Europe's biggest bank in 2018.
With less than 48 hours until polling begins in the first major European election of the year, Bloomberg reports that snap polls show support for the anti-Islam, euroskeptic Freedom Party of populist Geert Wilders being re-energized after the last few days chaotic events surrounding Turkey.
Just as we warned over the weekend, in the near-term, however, the outstanding question is how will Saturday's events impact Wednesday's Dutch general election, and whether the diplomatic clash will boost votes for Geert Wilders. As Reuters notes, "the diplomatic row comes in the run-up to the coming week's Dutch election in which the mainstream parties are under strong pressure from the far-right party of Geert Wilders."
And this morning, as Bloomberg notes, after politicians on all sides rounded on the Turkish government for dispatching ministers to the Netherlands for domestic political ends on the eve of the Dutch election, Erdogan said on Sunday that the Netherlands would "pay the price" after Rutte's government denied entry to Turkey's foreign minister and escorted a second Turkish minister to the Dutch border.
Prime Minister Mark Rutte told NRC on Monday morning, when asked if the chance to play the role of the ...
Germany has been hit with a series of terror incidents across multiple cities and police have acted preemptively after receiving tips warning of further, more devastating attacks. As the attacks occurred, the country's parliament moved to reject firmer controls on migration.
On March 9, 2017, a gang of men targeted commuters at Düsseldorf train station in an axe attack that left five injured. Two attackers were arrested and several others were said to be on the run. Just hours later, an elderly man was attacked with a machete at a car park outside Dusseldorf. Authorities stated that they did not believe the two attacks were connected. The next day, two "youths" attacked a train in Hamburg with a toxic chemical substance. Several adults and two young children were injured and received medical attention at the scene. The attack is the latest in a series of chemical terror incidents reported in Europe by
Authored by Charles Hugh-Smith via OfTwoMinds blog,
Rather than bemoan the inevitable failure of centralized "fixes," let's turn our attention and efforts to the real solutions: decentralized, networked, localized.
Those looking for centralized solutions to healthcare, jobs and other "macro-problems" will suffer inevitable disappointment. The era in which further centralization provided the "solution" has passed: additional centralization (Medicare for All, No Child Left Behind, federal job training, Universal Basic Income, central banking "free money for financiers", etc.) have all entered Diminishing Returns.
The systemic costs of centralization--corruption, cronyism, soaring prices, declining quality, over-reach, insider rackets, regulatory capture by corporations and oligarchs-- are soaring as the benefits of centralization plummet.
ObamaCare was the penultimate flowering of centralization: every self-serving healthcare cartel and racket had a say in the centralized sausage-making, and the results were entirely predictable: highly profitable to the healthcare cartels and rackets, and soaring costs that rendered the program unaffordable.
ObamaCare institutionalized staggering distortions, profiteering and injustices, as those who didn't qualify for a subsidy were ripped off to pay for all the skims and scams: meds that went from $3 to $600 overnight, etc.
All the sound and fury around a centralized one-size-fits-all "solution" signifies nothing--the solution is decentralized and local, not federal. Centralization of power, capital and control paid big dividends early on--central governments corralled the productive elements of the nation to wage wars ...
AAPL stock briefly spiked in what may have been yet another stop hunt moments ago, following a MacRumors report that Apple is expected to announce new products later this month, most likely between Monday, March 20 and Friday, March 24, citing "reputable" supply chain analysts.
The analysts did not disclose which products it expects Apple to announce, but rumors have suggested at least a trio of new iPad Pro models will be unveiled as early as this month, including a new 10.5-inch model with slimmer bezels and updated 9.7-inch and 12.9-inch versions.
The sources expecting an iPad refresh include, among others, KGI Securities analyst Ming-Chi Kuo, Barclays analyst Blayne Curtis, and Japanese blog Mac Otakara. The latter of the three also expects a new 7.9-inch model that would supplant the iPad mini 4, but others have denied or yet to mention that particular claim.
Last month, Japanese blog Mac Otakara said Apple will host a March event where it will debut its new iPad Pro lineup, a larger iPhone SE model with 128GB storage, and new Apple Watch bands. The report also claimed Apple will add a red color option for iPhone 7 and iPhone 7 Plus, which could be part of (PRODUCT)RED.
The all-new 10.5-inch iPad Pro is expected to have slimmer bezels, and possibly no Home button, allowing it to have the same overall footprint as the 9.7-inch iPad Pro. This design could foreshadow the ru ...
For HSBC Holdings, the appointment of Mark Tucker—the first ever bank outsider to hold the role and an insurance industry veteran to boot—is a major change. The decision to bring in an outsider should help the banking giant to focus on growth.
No one can be expected to have deep knowledge of every stock that's available on Wall Street, but the people who run a public company undoubtedly have key insights into the prospects of their own firm, and a bullish view by such insiders may comprise a powerful investment strategy.
European stocks climb in volatile trade on Monday, but with investors trading cautiously ahead of potentially market-moving events this week, including the Dutch election, the U.K.'s Brexit bill vote and a U.S. interest-rate decision.
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