Author: super@dmin

In my Sunday (Oct. 21) update, I shared this ominous observation: “The chart constellations suggest that the potential for a mini-crash are elevated if nearby support is broken. Although we are aware of, and monitor, some very bearish outcomes, odds suggest that a mini-crash (drop to 2,700-2,587 points on the S&P 500) would be a…

Bloomberg News/Landov New Fed Vice Chairman Richard Clarida gave his first speech Thursday to the Peterson Institute for International Economics. The best way forward for the U.S. central bank is more interest-rate hikes, said new Federal Reserve Vice Chairman Richard Clarida, on Thursday in his first public remarks since taking office late last month. “If…

The U.S. dollar strengthened as the euro and British pound slipped on Thursday following a policy update by the European Central Bank that underlined political risks in Europe. The ECB left interest rates unchanged on Thursday. The central bank’s asset purchasing program is set to wind down in December, ahead of a first expected interest…

Oil futures headed higher Thursday as a rebound in equity markets backed a return to risk-on sentiment, giving U.S. benchmark prices an incentive to move up for a second session in a row. The Energy Information Administration reported Wednesday that U.S. oil stockpiles rose for a fifth straight week, up 6.3 million barrels in the…

During the stock market turmoil, the buy-and-hold crowd is keeping the faith. That is not a good thing, as I explain later in this column. One of the biggest risks with this stock market is the rise of passive investing. Please see “Would you be prepared if the Dow Jones Industrial Average were to fall…

Rates for home loans ticked up, and may be starting to take a toll on buyer demand, according to data out this week. The 30-year fixed-rate mortgage averaged 4.86% in the Oct. 25 week, up one basis point, mortgage finance provider Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 4.29%, up from 4.26%. The…

Gold futures edged higher Thursday, finding support in the wake of sizable losses a day earlier as data showed that orders for core capital goods in the U.S. fell in September. “The U.S. core durable number was soft and this took the shine of the durable good order data,” said Naeem Aslam, chief market analyst…

As political and market pressure eases on Turkey, the country’s central bank kept interest rates steady Thursday, even as investor doubts persist that the government will manage to orchestrate a soft landing for an economy that was among the fastest-growing in the world last year. Turkey’s central bank kept its main policy rate at 24%,…