Smart Investing Today – Your Stock Market Market Digest
Falling US Retail Sales Could Be a Major Headwind for 2Q17 GDP
According to data provided by the US Census Bureau, US retail (XRT) sales fell 0.2% in June 2017.
How the Asian Financial Crisis Reshaped Emerging Markets
Author Michael Hasenstab, Ph.D. Executive Vice President, Chief Investment Officer, Templeton Global Macro The Asian Financial Crisis (AFC) that began 20 years ago this month had lingering effects well into 1998, casting a long shadow over many of …
More earnings, more health care What you need to know in markets on Wednesday
More earnings, more discussion of what is and is not happening in Washington, D.C. is expected on Wednesday.
Precious Metals Snapshot
- Gold Spot Price: $1,239.70 per ounce
- Silver Spot Price: $16.29 per ounce
- Platinum Spot Price: $918.40 per ounce
- Palladium Spot Price: $859.00 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $118.08, which is 0.2% below its 50-day exponential moving average of $118.32
The RSI is 52.61 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
The current trend is relatively stagnant and GLD is experiencing slight buying pressure.
According to the MACD, SPDR Gold Shares (GLD) is currently on a Sell Signal.
Over the next 4 weeks, SPDR Gold Shares (GLD) has on average historically risen by 0.1% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 0.1%in 6 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 50%
SPDR Silver Shares (SLV) share price is $15.4, which is 2.1% below its 50-day exponential moving average of $15.72
The RSI is 47.81 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
The current trend is relatively stagnant and SLV is experiencing slight selling pressure.
According to the MACD, SPDR Silver Shares (SLV) is currently on a Sell Signal.
Over the next 4 weeks, SPDR Silver Shares (SLV) has on average historically risen by 0.2% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has risen higherby an average 0.2%in 6 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 54%
Trending Stocks On The Move
Vertex Pharma (VRTX) share price is $159.69, which is 16.5% above its 8-day exponential moving average of $137.10
Vertex Pharma (VRTX) share price is $159.69, which is 26.2% above its 50-day exponential moving average of $126.50
According to the MACD, Vertex Pharma (VRTX) is currently on a Buy Signal.
Exponent Inc. (EXPO) share price is $66.5, which is 10.6% above its 8-day exponential moving average of $60.13
Exponent Inc. (EXPO) share price is $66.5, which is 12.3% above its 50-day exponential moving average of $59.19
According to the MACD, Exponent Inc. (EXPO) is currently on a Buy Signal.
Resolute Energy Corporation (REN) share price is $33.8, which is 6.5% above its 8-day exponential moving average of $31.73
Resolute Energy Corporation (REN) share price is $33.8, which is 0.7% below its 50-day exponential moving average of $34.05
According to the MACD, Resolute Energy Corporation (REN) is currently on a Sell Signal.
The VIX figure is 9.79. This is 43.9% below the historic median figure of 17.45.
The CBOE Volatility Index® (VIX®) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Historically, VIX levels above 50 correlate closely with periods of stock market panic while VIX levels below 20 are more typical during relatively calm periods in the market.
The 10,000 Foot Economic View
Total Market Cap / GDP
Chart for Total Market Cap / GDP
The ratio of the Total Market Capitalization (Wilshire 5000) to United States GDP is 1.3351. This is 50.8% above the historic median figure of 0.89.
The higher the Market Cap/GDP figure is relative to its median level, the higher the perceived risk in the market. Markets can remain overvalued for extended time periods.
The S&P Earnings is 94.59. This is 68.5% above the historic median figure of 56.14.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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