Thursday, November 12, 2020

Stock Market Dow Futures Reach 30,000 on News of COVID-19 Vaccine Trials Success / Stock-Markets / Stock Markets 2020

By: Chris_Vermeulen

Early this morning, the US stock market indexes/futures rallied on news that Pfizer’s new COVID-19 vaccine late-stage trials appear to show 90% effective rates.  Overall, this is very good news for the US and global market economic recovery efforts. It means we may be able to get back to somewhat normal very quickly (as soon as the Fast-Track FDA approval process is complete).  The YM (Dow Jones E-Mini Futures) reached a high of 30,000 very early today – which is a huge psychological level for traders.

After the US elections last week and the continued news of the outcome – the global financial markets were really wanting some type of good news instead of more chaos and unknowns.  The Pfizer news hit the pre-market trading like a booster rocket.  Before the opening bell in New York, the Dow Jones futures were up over 1500 points – which is simply incredible.

If you’ve followed my research long enough, you’ve heard me use the term “Pop-n-Drop”.  A “Pop-n-Drop” is when something big drives a big market gap which quickly falls down later in the trading session(s). This happend because market prices always have a way of reverting back to somewhat normal trading ranges.  Let’s take a look at a few different charts/sectors to help illustrate this type of setup.

Thursday, November 12, 2020

8 Terms & Conditions You Must Know Before Asking For Life Insurance Policy Quotes / Personal_Finance / Insurance

By: Submissions

Life insurance is a booming market in the USA. About 600 companies offer life insurance policies. Despite this, the number of U.S. people having proper life insurance cover is very less. Only 54% of people have a life insurance cover.

In many cases, it is not enough. There is a common misconception that complete life insurance is expensive. On the contrary, it is very affordable. Also, people take life insurance as an alternative to long-term investment which is another bad practice. People need to understand that proper life insurance cover ensures that their family does not face financial instability if the insurer passes away.

Wednesday, November 11, 2020

Gold Stocks Post 2020 US Election Outlook / Commodities / Gold and Silver Stocks 2020

By: Jordan_Roy_Byrne

We last wrote to you roughly ten days ago.

We concluded, “It appears GDX and GDXJ will test their September lows at $37 and $52 reasonably soon. Should GDX & GDXJ break those lows to the downside, then we should get ready to buy.”

GDX and GDXJ did break their September lows but only for a day. They closed below those levels on October 29 and then gapped down the next day. 

But as it stands, that gap lower figures to be the low in price for this correction. 

The best sign for the sector is the technical outlook for the Dow Jones US Gold Mining Index, which is weighted heavily towards the largest handful of companies in the industry. 

Wednesday, November 11, 2020

Champions’ League Group Stage Draw: All You Need To Know / Personal_Finance / Health and Fitness

By: Submissions

With the final qualifying round ending in a few days, the UCL group stage will kick-off from next month after the draw scheduled for 1st October. The group stage draw was originally scheduled to be hosted in Greece, but the ceremony has been moved to Switzerland behind closed doors for health reasons.

The delayed UEFA Champions League season is expected to properly kick-off on 20th October, starting with the group stage games for the 2020/2021 campaign. The actual tournament will kick off a month later than usual due to delays caused by wrapping up different leagues. However, UEFA believes that there’s still enough time to conclude the group stages by mid-December before completing the knockout.

Wednesday, November 11, 2020

Stock Market Secular Trend / Stock-Markets / Stock Markets 2020

By: Donald_W_Dony

The secular upward trend of the world's stock markets never missed a beat due to the ongoing turmoil surrounding the U.S. President election this last month.

The benchmark world index (Dow Jones Global Index) is set to post a new all-time high later this month which continues the pattern of 11-years of higher highs and higher lows (Chart 1).

Wednesday, November 11, 2020

Stock Market Correction Curtailed by US Election / Stock-Markets / Stock Markets 2020

By: Andre_Gratian

Current Position of the Market

SPX Long-term trend:  For now, the best guesstimate is that we are still in the bull market which started in 2009. Where we go from here and how far, will be gauged after the September-November correction.

SPX Intermediate trend:  Intermediate correction may have ended.

Analysis of the short-term trend is done daily with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.

Wednesday, November 11, 2020

What Causes a Financial Bubble? / Stock-Markets / Liquidity Bubble

By: Travis_Bard

Financial bubbles refer to a situation in which an asset sees a rapid increase in price and demand driven by a theoretical interest, then crashes as the rising prices become unsustainable over time. When reaching a specific value, the asset bubble bursts, and its prices reduce to a level that more accurately reflects its intrinsic value. Financial bubbles are typically attributed to a sudden change in investor behaviour, in which hypes, excessive speculation and the strong desire to ‘jump on the bandwagon’ of a certain trending asset play a part. In this article, let’s explore the potential causes of a financial bubble.

For a comprehensive history of financial bubbles, check out this comprehensive timeline by DailyFX.

Tuesday, November 10, 2020

Ryzen 9 5900X RTX 3080 - Scan.co.uk vs Overclockers.co.uk UK Custom PC System Builder Review / Personal_Finance / Computing

By: HGR

Which is Britain's best value for money custom builder for a high spec PC that based on AMD's Ryzen 9 5900x, a 12 cores 24 thread Zen 3 7nm CPU, AMD best value for money high productivity processor.

So I imagine for most contemplating upgrading their ageing desktop systems will be wondering should we go down the risky self build route or let the professionals handle it, which could be especially wise if you have either never built a PC before or it has been many, many years since one last plugged an athlon into a CPU socket, the last thing you want to do is to experiment with £2500+ worth of latest kit!

So here we engage the services of two of Britain's foremost custom builders to test out the difference between them in terms of price as both use the same component specs..

We have overclockers.co.uk and Scan Computers (scan.co.uk) from both of whom we have bought high spec PC's from over the years.

Tuesday, November 10, 2020

Killing Driveway Weeds FAST with a Pressure Washer - Saving Block Paving from LOTS of WEEDs / Personal_Finance / Money Saving

By: N_Walayat

Here's how to get rid of weeds from infested driveways all without a single drop of chemicals? How to performance this miracle? Use a PRESSURE WASHER!

The block paving was covered in weeds and too much to use a wire brush to scrub them out so I used our new pressure washer for the first time on full power hoping that it would work, else the power washer would be heading back to amazon. And it did the job and all the weeds were fully removed!

It's been a really wet week or so here in the UK but once the paving has dried we will be returning to re-sand the paving.

Tuesday, November 10, 2020

Trump Fired, Biden Hired, What Next?  / Politics / US Presidential Election 2020

By: Dan_Steinbock

After the tight 2020 election, there’s only one way President-elect Joe Biden can win over both Americans and other nations. He has to deliver in multiple fronts, amid a divided nation and huge challenges.

“Trump has launched ill-advised trade wars, against the United States’ friends and foes alike, that are hurting the American middle class,” President-elect Joe Biden wrote when he set the tone of his 2020 campaign. The next US president will have to “take immediate steps to renew US democracy and alliances, protect the US economic future, and once more have America lead the world.”

Internationally, the hope is that Biden would restore US multilateralism, moderate trade conflicts, alleviate economic damage and push real struggle against the pandemic. Most immediately, Biden will seize a series of executive orders to reverse Trump’s policies and bring an end to “the era of demonization.”

The premise is that the new White House can avoid violence and legal roadblocks during the transition. The legal issues must be cleared by early December when the states must certify their results prior to the meeting of the Electoral College.

Tuesday, November 10, 2020

Looking for a Personal Loan? Here Is What You Have To Know  / Personal_Finance / Debt & Loans

By: Submissions

Monday, November 09, 2020

Silver Price Is Trapped Below $30 / Commodities / Gold & Silver 2020

By: Kelsey_Williams

Below is a chart (source) showing a 10-year history of silver prices. The prices are adjusted for inflation…

Monday, November 09, 2020

How Financial Markets Compare to Roulette / Personal_Finance / Gambling

By: Dylan_Moran

Monday, November 09, 2020

Is Fed Chairman Powell the Real Election Winner? / Interest-Rates / US Federal Reserve Bank

By: MoneyMetals

As President Donald Trump continues to insist that he will be the winner of the election after all the legitimate votes are counted and the illegitimate ones thrown out, at least one publication has declared a different winner. Not Joe Biden, but Federal Reserve chairman Jerome Powell.

The Wall Street periodical Barron’s argued Powell has become a more important figure for markets than whoever occupies the White House. 

Even as the presidential election outcome has been beset by uncertainty all week, Wall Street didn’t panic.  Quite the opposite.  Stocks surged on expectations for divided government and gridlock – and four more years of Fed stimulus.

Monday, November 09, 2020

Americans Are Buying Homes Sight Unseen: Here’s Why / Housing-Market / US Housing

By: Stephen_McBride

Lester Knispel bought the $1.5 million white-columned house on the second fairway. His Porsche is now parked in the garage. And family pictures hang in the living room.

But Lester and his wife have never set foot inside their new country club home! They live in California, and didn’t want to visit Florida during the lockdowns.

So instead they toured the five-bedroom mansion virtually, bought it, and then shipped the car and furniture soon after. “I never thought I’d buy something like this, sight unseen” Knispel told the Wall Street Journal.

Monday, November 09, 2020

Canada’s Warming Arctic – Gepolitical Implications / Politics / Climate Change

By: Richard_Mills

Canada’s identity is inextricably tied to the United States, and Canadians share much with their American neighbors, including popular culture, tourism, and the world’s longest undefended border. The amount of trade between the United States and Canada, an estimated $718.4 billion in 2019, is bested only by the sum total of goods and services exchanged between the US and China. Hundreds of Canadian businesses rely on goods and services produced state-side, and vice versa, making the supply chains between the two countries inextricable.

American news and politics is widely covered by Canadian media, not only for its public interest but because the influence of our southern neighbor is so pervasive, in political and economic life. As a former prime minister put it, “Living next to the US is like sleeping next to an elephant.”

Yet Canada has another identity, or rather, a different aspect of the same personality – one that is decidedly northern in geography and character. Above all, pun intended, Canada is an Arctic nation.

What defines the Canadian Arctic? The question appears easy at first blush. Tapping our collective imagination, which is all we have as most have never been there, most Canadians would answer, “everything north of the tree line” or more astutely, “territory that lies within the Arctic Circle.” Both are correct, yet vague.

Monday, November 09, 2020

Will Coronavirus Second Wave Boost Gold Price? / Commodities / Gold & Silver 2020

By: Arkadiusz_Sieron

Brace yourselves, winter is coming! This is what Ned Stark in the Game of Thrones told his people to prepare them for the leaner times he saw coming. While one of the biggest threats in GOT were the White Walkers, in our reality, the pandemic is again the greatest danger. As the chart below shows, the second wave of the coronavirus infections is no longer a mere possibility – it’s happening all over the Europe and in the United States (although in the latter country, we could also say about one big wave or three waves). In particular, in France, Italy, Spain, the UK, and in the US, the number of daily new confirmed Covid-19 case per million people has soared much higher than the levels recorded in the spring. And we’ve just entered autumn, with winter yet to arrive.

Sunday, November 08, 2020

What to Make of an “Irrational” Stock Market / Stock-Markets / Investing 2020

By: John_Mauldin

Justin Spittler : We’re also smack dab in the middle of earnings season. This is when companies tell the world how their business is doing. They reveal how much their sales grew and if they turned a profit.

Good quarterly results, as I’m sure you know, can cause a stock to race higher. Bad earnings, on the other hand, can send a stock into a tailspin. In fact, it’s quite common for a stock to move 20%, 30%, or even 40% in a day based on earnings.

More importantly, earnings can set the tone for a stock going forward. They can dictate a stock’s trajectory for weeks, months, or even years. But here’s the thing. Not all good earnings ignite powerful rallies. Sometimes, companies crush earnings and barely move or even fall on the news. We’ve been seeing this play out a lot recently.

Sunday, November 08, 2020

Why the Market's "Faith in the Fed" May Be Dwindling Fast / Stock-Markets / Financial Markets 2020

By: EWI

A chart that could be "a proxy for the market's faith in the Fed" shows "a classic loss of momentum"

Legendary financier John Pierpont Morgan was -- for all practical purposes -- a one-man central bank before the Fed came into existence in 1913.

During the financial panic of 1907, the banking titan used his influence to provide bailouts for faltering financial institutions. And, back in 1895, he had actually loaned the federal government money during another crisis.

Sunday, November 08, 2020

Get Ready for a Post-Election ‘Fed Wave’ of Inflation / Stock-Markets / Quantitative Easing

By: MoneyMetals

As accusations of voting irregularities mount, President Donald Trump’s legal team is descending on Pennsylvania and Georgia as well as multiple battleground states that have been called by media outlets for Joe Biden.

It will be an uphill battle for Trump to get to 270 electoral votes. As of this writing on Thursday morning, the final outcome of the presidential election remains uncertain.

One thing that is now certain: Voters denied Democrats the “blue wave” many pollsters and pundits had been forecasting.