Chart Source : BloombergKathy Lien - A Forex Analyst said that everyone should realize that oil prices are determining monetary policy. Central bankers have been very worried about price pressures and we know that most of the pressure comes from oil. Oil prices are impacting not only monetary policy, but also stocks and the US dollar. Lets look at the chart above. Another $10 drop in oil prices is feasible even if oil remains within an overall uptrend and that would be bullish for the US dollar (Q3 Outlook for US Dollar).
Regarding to Bespoke Investment Group Analysis that An earnings "triple play" occurs when a stock beats earnings and revenue estimates and guides future earnings higher. There were about 70 stocks that had "triple plays" during the first quarter earnings season. As we enter the second quarter earnings season, investors may want to look at these stocks to find momentum plays or ones that had strong reports but fell by the wayside as the overall market declined.
Today's weekly sentiment reading from Investors Intelligence showed that 47.3% of newsletter writers are currently bearish.
Please Note!
This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.
You are welcome to republish this article, or any portion thereof.
Please, cite the actual/original source. I would be grateful if you could link back.
No comments:
Post a Comment