On Monday, the Daily covered some of the warning signs, particularly in the Regional Banks and Transportation sectors. We ended the Daily by writing this: “Transportation and Regional Banks make up nearly 1/3 of the Economic Modern Family.” On their weakness: ...
“As the S&P 500 goes in January, so goes the year.” If you’re a Stock Trader’s Almanac reader, you’ll be familiar with this adage. According to the Almanac, since 1950, this seasonal indicator has registered 12 major errors. That’s an ...
In this episode of StockCharts TV’s Sector Spotlight, I address the current state of asset class rotation, then move on to sector rotation. I divide the market in three groups — Offensive, Defensive and Sensitive — and find an interesting alignment ...
JAKARTA — Indonesia plans to offer 10 oil and gas working areas this year, including a block in the South China Sea, amid efforts to boost energy production and make new discoveries, a senior energy ministry official said on Monday. ...
WASHINGTON — The US government likely awarded about $5.4 billion in COVID-19 aid to people with questionable Social Security numbers, a federal watchdog said in a report released on Monday. The watchdog, the Pandemic Response Accountability Committee (PRAC), said it ...
SINGAPORE — Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family’s wealth. He’s hoping that studying at a university in the Asian financial hub will lead to permanent residency and while the ...
TOKYO — From inflation allowances to the reskilling of workers, firms in Japan are stepping up efforts to help employees fight rising prices and a labor crunch, even though some cannot afford pay hikes that do more than offset cost-push ...
MELBOURNE — Australia’s nuclear safety agency said on Tuesday it had joined the hunt for a tiny radioactive capsule missing somewhere in the outback, sending a team with specialized car-mounted and portable detection equipment. Authorities have now been on a ...
TAIPEI/PRAGUE — Taiwan President Tsai Ing-wen held a telephone call with Czech President-elect Petr Pavel on Monday, a highly unusual move given the lack of formal ties between their countries and a diplomatic coup for Taipei that is sure to ...
MOSELEY, Virginia — When deputy clerk Kelly Smith saw how changing flood risk maps could saddle many of her Montana city’s about 2,000 residents with costly new building requirements or limitations, she pondered quitting her job. “When people get upset ...