Daily Data Flow: U.S. Stocks Drop; Canadian Dollar; Gold & Oil

Daily Data Flow

U.S. Stocks Drop as House Republicans Cancel Vote (Bloomberg)
U.S. stocks sank, paring the weekly gain in the Standard & Poor’s 500 Index, after House Republican leaders canceled a vote on higher taxes for top earners, sending budget talks deeper into turmoil. “With such a staunch group in the House, it looks as if the odds of going into 2013 without a deal have increased,” Kevin Caron, a Florham Park, New Jersey-based market strategist at Stifel Nicolaus & Co., said. “I don’t know whether we’re going to reach a deal, when we’re going to reach a deal, if there’s going to be a deal. It’s just a complete wild card at this point.”

Advertisement.

The Northern Currency Headed North (CNBC)
With volatility so low in the foreign exchange markets, how is an investor supposed to find a currency with real direction? Look north. That’s the view of Camilla Sutton, chief currency strategist at Scotiabank. In her forecast for 2013, Sutton told clients that several factors will likely combine to push the Canadian dollar higher against the U.S. dollar. Canada wins on the political front, she says. “U.S. politics, particularly when it comes to issues such as fiscal planning and the debt ceiling, are likely to position Canada more favorably from a currency perspective.”

Gold, Silver and Oil Markets Hope for Better Year (MarketWatch)
As the year draws to a close, oil is poised for a sizable loss, gold readies for its smallest annual gain since 2008 and commodity traders look forward to a potentially better new year. “The commodity complex had a fairly lackluster performance in 2012,” said Elliott Orsillo, co-founder and portfolio manager at Season Investments LLC.

Advertisement.
share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
share on:

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the “Top 20 Living Economists,” Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Low-Priced Stock Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader
LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades’ experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader
LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • Bullseye Stock Trader
  • Fast Money Alert
  • High Velocity Options
  • Crypto & Commodities Trader
LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program
LEARN MORE HERE

Generational Wealth Strategies

Generational Wealth Strategies is a unique advisory service dedicated to helping people increase their retirement prosperity while also protecting and passing on more of their accumulated wealth.

Product Details

  • Generational Wealth Strategies
LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor
LEARN MORE HERE

George Gilder

George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives.  He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.

Product Details

  • Technology Report
  • Technology Report PRO
  • Moonshots
  • Private Reserve
  • Millionaire Circle
LEARN MORE HERE

DayTradeSPY

DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it… Nothing else.

Product Details

  • Trading Room
  • Pick of the Day
  • DayTradeSPY Signal
  • Inner Circle
  • Online Workshops
LEARN MORE HERE