Smart Investing Today – Your Stock Market Market Digest
Why Google’s YouTube TV Doesn’t Include Time Warner’s Turner
YouTube TV could have found it difficult to include Turner’s networks in its YouTube TV without increasing its price.
A Correction Is Overdue But There’s Still Money to Be Made
In the end, the Dow Jones Industrial Average lost 0.1%, the S&P 500 lost 0.2%, the Nasdaq Composite lost 0.5% and the Russell 2000 lost 0.5%. Treasury bonds were weaker, the dollar was stronger, gold lost 1.7%, and oil fell 0.6%.. The FAANGs closed below Wednesday’s lows set after the Federal Reserve raised interest rates, promised another rate hike before the end of the year, and teased the start of a drawdown of its $4.4 trillion balance sheet.
AT&T’s Potential Challenges in Acquiring Time Warner
If AT&T goes for a $30.0 billion bridge loan in Europe to help finance the cash component of the Time Warner deal, its debt load would swell to more than $160.0 billion.
Precious Metals Snapshot
- Gold Spot Price: $1,257.80 per ounce
- Silver Spot Price: $16.87 per ounce
- Platinum Spot Price: $927.30 per ounce
- Palladium Spot Price: $879.00 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $119.32, which is 143.4% above its 50-day exponential moving average of $49.03
The RSI is 47.67 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
The current trend is moderately bullish and GLD is experiencing slight buying pressure.
According to the MACD, SPDR Gold Shares (GLD) is currently on a Buy Signal.
Over the next 4 weeks, SPDR Gold Shares (GLD) has on average historically fallen by 0.7% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has fallen lowerby an average 0.7%in 3 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 25%
SPDR Silver Shares (SLV) share price is $15.88, which is 140.1% above its 50-day exponential moving average of $6.61
The RSI is 40.80 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
The current trend is moderately bullish and SLV is experiencing slight buying pressure.
According to the MACD, SPDR Silver Shares (SLV) is currently on a Buy Signal.
Over the next 4 weeks, SPDR Silver Shares (SLV) has on average historically fallen by 1.6% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 1.6%in 3 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 27%
Trending Stocks On The Move
Tribune Media Co (TRCO) share price is $41.12, which is 8.3% above its 8-day exponential moving average of $37.98
Tribune Media Co (TRCO) share price is $41.12, which is 159.7% above its 50-day exponential moving average of $15.83
According to the MACD, Tribune Media Co (TRCO) is currently on a Buy Signal.
The VIX figure is 10.90. This is 37.6% below the historic median figure of 17.47.
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 1.3325. This is 50.8% above the historic median figure of 0.88.
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 68.9% above the historic median figure of 56.01.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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