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Monthly Archives: June 2019

Gold investors have been waiting a long time for this breakout moment and it’s happening

Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Aug. 9, 2018. Carla Gottgens | Bloomberg | Getty Images Investors are piling into gold, sending the precious metal to a six-year high on Tuesday, and analysts think the commodity …

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Here’s Wall Street’s playbook for the Trump-Xi meeting at the G-20 summit

Source: Evercore ISI President Donald Trump and Chinese President Xi Jinping are expected to meet at this week’s G-20 summit in Japan and the stakes for Wall Street are high. The two leaders are expected to discuss the ongoing U.S. China trade war. Talks of a possible trade deal fell …

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Goldman Sachs says these stocks will beat the market after a rate cut

Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters A dovish tilt from the Federal Reserve sent everything from stocks to bonds to gold rallying in unison, but stocks with this one feature are poised to crush the market after a rate cut, according to …

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Bitcoin rallies above $11,000 through weekend, nearing a 15-month high

Bitcoin is closing in on its highest level in more than a year after soaring above $11,000 over the weekend. The world’s first and largest cryptocurrency hit a high of above $11,307.69 Sunday evening, bringing its one-week gains to more than 20%, according to data from industry site CoinDesk. Prices …

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JP Morgan analyst Stephen Tusa pushback on General Electric skepticism

The logo of General Electric is pictured at the company’s site of its energy branch in Belfort, France, February 5, 2019. Vincent Kessler | Reuters J.P. Morgan analyst Stephen Tusa is sticking to his guns when it comes to General Electric, despite getting “questions and pushback” from his skepticism of …

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Three options strategies for the week: June 24, 2019

The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw and Carter Worth illustrated selling a call spread in Fedex.  Dan Nathan broke down buying a put spread in Procter & Gamble.  Mike Khouw also looked at buying a call spread in Bank of …

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Top 2020 election Senate races are in Alabama, Colorado, Arizona

A handful of races will decide whether Mitch McConnell and the GOP can keep their grip on the Senate next year – including in Alabama, where Roy Moore, accused of sexual misconduct with teen girls decades ago, is again running for the Republican nomination. President Donald Trump faces a grind …

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Globe heading for recession and bear market if trade talks fail

One Wall Street brokerage told clients Monday that the globe is “one step away” from recession as the world’s two largest economies head to the G-20 summit meeting in Japan this week to try to hash out key issues and end a monthslong trade war. While escalation isn’t what UBS …

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The market may have it wrong that major interest-rate cuts are coming

Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, June 19, 2019. Kevin Lamarque | Reuters Federal Reserve Chairman Jerome Powell’s performance last week received high marks. Not only did he re-establish Fed independence by not caving to White House …

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Eat like an Apollo 11 astronaut at Houston’s airport

Modern day retro dishes being served this month at Houston’s George Bush Intercontinental Airport. Many travelers can find comfort in the familiar tastes of home. In this way, the astronauts on the Apollo 11 mission may be no different than the rest of us.  To mark the 50th anniversary of …

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