« Older Entries

S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
Advertisement

Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.

Tags:

Attention Students – You Get More than Tech Talk From CRM News

Business students and not only businesspersons can gain new insights into the complexities of the business world from reading the latest CRM news. The press releases do not dwell on the technology alone, but discuss the important aspects of business operations in interesting articles, which would be welcomed by even the most insipid of business student.Why You Should Read The NewsIf you fall asleep in the first paragraph of a business paper, you are in for a jolt. CRM news present interesting accounts of every part of business: finance management, people management, customer management, and people management. The news covers all industries and provides honest and fresh insights into small and big business operations.Business students find CRM articles interesting not only for its fresh perspectives, but also for the wealth of current and educational information it gives to the white paper and collaterals. If you want a quick fix for your school business assignment, read on.Students can get updates on the best business practices and learn new terms to go and get better grades for their business essays as they are able to defend their essay thesis with current business opinions and trends. They can always provide examples, which populate CRM information sites.For the businessperson, CRM news gives a balanced discussion of the merits and demerits of CRM technology – which is suited for what and the pitfalls managers fall into when running their CRM operations. The home-based business-minded moms could also get into the groove of CRM articles and discussions.With a common frame of reference, families can discuss CRM and confer strategies to improve their homegrown business using the latest CRM advice and tips from gurus who have developed their expertise through the years of using the technology, or from encounters with the use of the technology by other trades and the impact it had on the business.Getting the Most Out of the NewsYou will not have any difficulty looking up CRM news. There are several offering their two cents worth of ideas. You can sift through these and compare notes with other sites. You will find yourself becoming more acquainted with CRM and the many versions that represent it like software, self-administered CRM, web-based CRM, and hosted CRM.For the businessperson, the various articles expound the benefits of each and their disadvantages, placing emphasis on making the right choice when opting to upgrade CRM, financial, or operations management and aiming for optimal personnel efficiency.As a student, you can get more ideas for your business assignments, explore new discoveries, and find their relevance to practical applications. Practicing your evaluation and analytical skills when you compare notes becomes a mental exercise.Get Ahead With the NewsKnowing what is going on in business circles using the web can prepare you for your business goals someday. You will not be the typical newbie who wants to take on the business world without an idea of the dangers lurking ahead.CRM news makes you aware of the nasty side of business. It is not all wine and roses. That is how interesting the CRM articles are; they are not all tech talk, they show the human side of the technology, too.

Tags:

What We Have Here Is A Failure To Communicate

The results of this past election proved once again that the Democrats had a golden opportunity to capitalize on the failings of the Trump Presidency but, fell short of a nation wide mandate. A mandate to seize the gauntlet of the progressive movement that Senator Sanders through down a little over four years ago. The opportunities were there from the very beginning even before this pandemic struck. In their failing to educate the public of the consequences of continued Congressional gridlock, conservatism, and what National Economic Reform’s Ten Articles of Confederation would do led to the results that are playing out today.. More Congressional gridlock, more conservatism and more suffering of millions of Americans are the direct consequences of the Democrats failure to communicate and educate the public. Educate the public that a progressive agenda is necessary to pull the United States out of this Pandemic, and restore this nations health and vitality.

It was the DNC’s intent in this election to only focus on the Trump Administration. They failed to grasp the urgency of the times. They also failed to communicate with the public about the dire conditions millions have been and still are facing even before the Pandemic. The billions of dollars funneled into campaign coffers should have been used to educate the voting public that creating a unified coalition would bring sweeping reforms that are so desperately needed. The reality of what transpired in a year and a half of political campaigning those billions of dollars only created more animosity and division polarizing one extreme over another.

One can remember back in 1992 Ross Perot used his own funds to go on national TV to educate the public on the dire ramifications of not addressing our national debt. That same approach should have been used during this election cycle. By using the medium of television to communicate and educate the public is the most effective way in communicating and educating the public. Had the Biden campaign and the DNC used their resources in this way the results we ae seeing today would have not created the potential for more gridlock in our government. The opportunity was there to educate the public of safety protocols during the siege of this pandemic and how National Economic Reform’s Ten Articles of Confederation provides the necessary progressive reforms that will propel the United States out of the abyss of debt and restore our economy. Restoring our economy so that every American will have the means and the availability of financial and economic security.

The failure of the Democratic party since 2016 has been recruiting a Presidential Candidate who many felt was questionable and more conservative signals that the results of today has not met with the desired results the Democratic party wanted. Then again? By not fully communicating and not educating the public on the merits of a unified progressive platform has left the United States transfixed in our greatest divides since the Civil War. This writers support of Senator Bernie Sanders is well documented. Since 2015 he has laid the groundwork for progressive reforms. He also has the foundations on which these reforms can deliver the goods as they say. But, what did the DNC do, they purposely went out of their way to engineer a candidate who was more in tune with the status-quo of the DNC. They failed to communicate to the public in educating all of us on the ways our lives would be better served with a progressive agenda that was the benchmark of Senators Sanders Presidential campaign and his Our Revolution movement. And this is way there is still really no progress in creating a less toxic environment in Washington and around the country.