Equities In the case of equities, as you know, I am constructive. I am calling for the Dow Industrials to close out 2017 at 22,900. My 2017 year end target for the S&P 500 is 2602 and my target for the Nasdaq is 6425. Commodities WTI crude will likely lose a degree [...]
As expected, last week's post-election rally lost both some velocity and the sponsorship of the financial sector. The financial sector's most closely watched proxy, the financial select sector SPDR ETF (XLF) slipped 1.6 percent on the week, its worst weekly performance since early November, ending a five-week stretch of gains. In fact, though equity [...]
SIFMA Google Cloud RegTech Event held at Googles's New York City offices in Chelsea. The event included a very interesting panel discussion, moderated, by CNBC’s Bob Pisani, on emerging technologies used by financial service firms. Most notable was the discussion on how emerging technologies can assist and help transform the way financial service firms manage [...]
Global crude oil prices jumped nearly 5% Sunday on news that non-OPEC producers have agreed to reduce production in an effort to buttress the recent OPEC announcement aimed at lifting global energy prices. The recent dramatic trade higher in crude pricing, that was the result of the OPEC deal, has in effect been thrown an [...]
New regulations are on the way that will have a major impact on the financial industry. Will you be ready?
On November 15, 2016 The SEC approved the CAT NMS Plan, which governs the creation and operation of the Consolidated Audit Trail (CAT). What is it? The CAT will be the largest comprehensive data repository for securities transactions to date, processing more than 58 billion records (10 terabytes of data) daily. The CAT will collect [...]