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Sports Betting Will Help Many Gaming Companies On The Margins, But Impact Will Likely Be Tempered

Some investors might have thought that last week’s Supreme Court decision that paves the way for legal sports betting in all 50 states would have resulted in skyrocketing stock prices of the largest perceived beneficiaries. And yet, the market reaction thus far has been fairly tame. Consider Penn ...

Italian Bond Yields Off Highs after Six Days of Selling

Italian government bond yields came off 14-month highs on Tuesday as the market paused after six days of heavy selling on concerns over the high-spending policies mooted by a potential coalition government in the euro zone’s third-largest economy. The likelihood of a new Italian government being f ...

Weekly Market Summary

Equities are 2-5% higher so far in May, trying to add to their small gains from April and put behind a rough winter. This week, small caps closed at a new all-time high (ATH) and NDX broke to a 7 week high near its March ATH. ...

Libbey (LBY) Stock: Falling Hard On Halted Dividend

Libbey Inc. (NYSEAMERICAN: LBY) is having an overwhelmingly rough start to the trading session this morning, and for good reason. The company announced that it would be suspending dividend payments to investors, leading to fear and sending the stock tumbling down. Today, we’ll talk about: The news ...

Trade Ceasefire Supports Risk Assets

Tuesday May 22: Five things the markets are talking about Markets traded mixed overnight, with global equities drifting and a number of risk currencies finding support as investors digest easing trade tensions and the latest comments from a plethora of central bank members. The EUR (€1.1809) has f ...

Risk Premia Forecasts: Major Asset Classes | 22 May 2018

The Global Market Index (GMI) — an unmanaged, market-value weighted portfolio comprised of the major asset classes — is expected to earn an annualized 4.9% risk premium (return over the “risk-free” rate) in the long run, based on analysis of data through April 2018. Adjusting for short-term ...

Tech Talk for Tuesday May 22nd 2018

Pre-opening Comments for Tuesday May 22nd U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. Micron jumped $3.24 to $58.72 after announcing a $10 billion share buyback program. The company also announced an arrangement to provide specialty ch ...

Commodity currencies are beaming

  Currency Markets The US dollar has given up some of its gains overnight as investors keenness for Greenbacks has temporarily abated. The shifting dynamics around trade and tariffs does give pause for thought as US dollar bulls are consolidating gains at a very tricky and treacherous junction fo ...

Commodity Currencies are Beaming

Currency Markets The US dollar has given up some of its gains overnight as investors keenness for Greenbacks has temporarily abated. The shifting dynamics around trade and tariffs does give pause for thought as US dollar bulls are consolidating gains at a very tricky and treacherous junction for b ...

Stuff happens

It’s not often this blog talks about my day job. For good reason. It’s not a commercial – so you don’t see any Google Adwords here or banners for mortgage floggers, banks, thirsty underwear manufacturers or robo advisors.  Over the last decade Canadians have trusted me with a lot of wealt ...