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Getting to Know The FOMC: Esther George

Getting to Know The FOMC: Esther George

Written by: Steven C Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

Esther George became President of the Kansas City Federal Reserve in 2011. She currently serves as a voting member on the FOMC, but in line with the FRB rotation system, she will not be a voting member again until 2019, presuming she is reappointed. George has spent her entire career in the public sector banking system. She joined the KC Fed back in 1982 where she has served much of her time in Supervisory and Risk Management roles. She was also the District’s chief regulator for ten years.....Read More


Getting to Know The FOMC: Patrick Harker

Getting to Know The FOMC: Patrick Harker

Written by: Steven C Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

Patrick Harker became one of the newest members of the Federal Reserve System when he was appointed President of the Philadelphia Fed last summer. He had served on the Philly Fed’s board since 2012. Harker is not a voting member of the FOMC this year (alternate member), but will be in 2017....Read More


Updated 13-F Filings

Updated 13-F Filings

The TradeXchange Analyst Desk

Disclaimer provided Below

Updated 13 F Filings from Institutional Investment ManagersRead More


S&P 500 Returns to Earnings Growth After Worst Streak Since Great Recession

S&P 500 Returns to Earnings Growth After Worst Streak Since Great Recession

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The third quarter of 2016 was expected to mark the S&P 500’s sixth straight quarter mired by declining earnings growth. Surprisingly, this streak would have exceeded the recent high of five consecutive quarters which occurred during the heart of the Great Recession, between Q3 ’08 and Q3 ’09. The magnitude of this year’s declines pale in comparison to the severe deterioration of profitability companies experienced during the days of the credit crisis. Not to mention the breadth of the recent earnings recession, driven almost solely by the energy sector, is very weak when compared to 2008’s downturn. Due to the severe economic recession, all sectors of the economy were impacted the last time around...Read More


The Gold to Silver Ratio & How Investors Use It

The Gold to Silver Ratio & How Investors Use It

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The formulaic definition of the gold-to-silver (g/s) ratio is exactly what it sounds like. It is the amount of silver ounces that it would take to purchase a single ounce of gold at prevailing market prices. For precious metal investors, the g/s ratio is an important indicator used to determine the most opportunistic times to buy or sell the two precious metals. ...Read More


What to Expect from the November FOMC Meeting

What to Expect from the November FOMC Meeting

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The second to last annual meeting of the Federal Open Market Committee kicks of this morning. Fed officials will weigh in on all the new economic data and market events since the last meeting, and determine an appropriate monetary policy response. The meeting culminates tomorrow at 2 PM EST when the Fed makes its announcement and will be revisited again three weeks from now when the meeting minutes are released to the public....Read More



What Are MAU’s & Why Is Everyone Talking About Them?

What Are MAU’s & Why Is Everyone Talking About Them?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

“Monthly Active Users” or MAU’s, has become an acronym almost synonymous with the social media revolution. The use of this term has risen in prominence alongside the rise of firms like LinkedIn, Twitter and Facebook to the top of the tech landscape. “Monthly Active User” growth is a key performance indicator reported by social media companies as it represents the most meaningful metric of user engagement growth. ....Read More


What is the S&P / Case-Shiller Home Price Index and What Does It Tell Us?

What is the S&P / Case-Shiller Home Price Index and What Does It Tell Us?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

In the 1980’s three leading economists, Allan Weiss, Karl Case and Robert Shiller, got together and created an index, formally known as the S&P/Case-Shiller home-price index. Ever since then a number of indices are published monthly on the final Tuesday of each month. These include a 10 and a 20 city composite index as well as 20 individual metro area indices, one for each of the 20 cities included in the composite index. There is also a national home price index which covers the 9 major census divisions, but this index is only published quarterly....Read More


Getting to Know The FOMC: John Williams

Getting to Know The FOMC: John Williams

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

John Williams is the President of the Federal Reserve Bank of San Francisco. Williams is not a 2016 member of the FOMC. He was a voting member last year but in line with the FOMC rotation system he will not be a voting member again until 2018...Read More


What is the Consumer Price Index?

What is the Consumer Price Index?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The Consumer Price Index is published on a monthly basis by the Bureau of Labor Statistics (BLS). September’s Index information will be released today at 8:30 AM EST. The index is a measure of the average change in prices paid by consumers for a broad market basket of goods and services. The CPI is published not only on a national level, but separate indices for NY, Chicago and LA are also reported each month. Other urban areas indices are published less often, either bi-monthly or semi-annually...Read More


Getting to Know The FOMC: Stanley Fischer

Getting to Know The FOMC: Stanley Fischer

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

Stanley Fischer is a renowned world economist and currently serves as the Vice Chairman of the U.S. Federal Reserve Board of Governors. Fischer is a permanent voting member of the Federal Reserve Open Market Committee (FOMC) until 2020 when his term as governor expires. As Vice Chairman, Fischer serves as “right-hand man” to Janet Yellen not just in appearance, but also in fact as he is largely considered the second most powerful member of the committee...Read More


Getting to Know The FOMC: Eric Rosengren

Getting to Know The FOMC: Eric Rosengren

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

Eric Rosengren is the President of the Federal Reserve Bank of Boston and a voting member of the Federal Reserve Open Market Committee (FOMC). Since assuming office in 2007, Rosengren has been considered one of the Fed’s more dovish members. He is known for being one of the most vocal and consistent supporter of QE over the years, oft dismissing concerns that it would lead to higher inflation, but instead suggesting the policy be “open-ended” and that job growth would be the dominant outcome....Learn More


Market Weakness, Dollar Strength & The Week of Fed-Speak

Market Weakness, Dollar Strength & The Week of Fed-Speak

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

Last week ADP reported an increase below consensus of 154,000 private payrolls while the Bureau of Labor Statistics (BLS) also released a disappointing non-farm payroll number of 156,000 new jobs for the month of September. According to the BLS, the US economy averaged 192,000 new jobs per month in Q3 vs. only 146,000 a month in Q2, but still lower than the 229,000 per Q3 of last year. Challenger job cuts came in at 44,0000 during September....Learn More


The U-3 Unemployment Rate vs. The U-6 Real Rate of Unemployment

The U-3 Unemployment Rate vs. The U-6 Real Rate of Unemployment

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

Last Friday Nonfarm Payrolls came in at 156,000 new jobs, missing estimates of about 175,000. Q3 of 2016 thus had average job growth of 192,000 which is an improvement from Q2’s average of just 146,000. Although, when compared with Q3 of 2015, job growth is down year-over-year from an average of 229,000....Learn More


US Treasury Auctions: How Do They Really Work?

US Treasury Auctions: How Do They Really Work?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

To help finance our country’s near $20 trillion in national debt the US Treasury Department holds regular auctions in which it sells government securities to registered dealers, investment funds and institutions, foreign accounts (including foreign central banks), and yes, even individual investors like you and I. These T-bills, notes and bonds are collectively referred to as “treasuries” and the process for auctioning them begins with a public announcement by the Treasury, typically several days before the auction. ...Learn More


What is the Gallup U.S. Job Creation Index?

What is the Gallup U.S. Job Creation Index?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The Gallup U.S. Job Creation Index is based on the net results of Gallup’s job market survey in which it collects data for on a daily basis throughout the month. The results are based on telephone interviews with a nationally representative sample of about 14,000 working adults aged 18 and older. The index measure is then released on the first Wednesday of each month on Gallup.com. .....Learn More


What is the Gallup US Consumer Spending Measure?

What is the Gallup US Consumer Spending Measure?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The US Consumer Spending Measure is based on a daily spending survey and is published monthly by polling company, Gallup. The survey tracks the average dollar amount that Americans report spending or charging on a daily basis. This self-reported measure is based on telephone interviews of a random sample of approximately 1,500 American adults. .....Learn More


The American Petroleum Institute (API)

The American Petroleum Institute (API)

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The American Petroleum Institute (API) is a national trade association that represents all aspects of America’s oil and natural gas industry. The API’s 650 corporate members range from the largest major oil company to the smallest of independents and come from all segments of the oil & gas industry. The member companies are producers, refiners, suppliers, marketers, pipeline operators, marine transporters, and even some service and supply companies......Learn More


What is the National Association of Realtors and How Do They Report Existing Home Sales?

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What is the National Association of Realtors and How Do They Report Existing Home Sales?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The National Association of REALTORS® (NAR) produces housing statistics on the national, regional, and metro-market level where data is available. All current data produced by NAR is available on REALTOR.org. NAR releases national and regional existing-home sales price and volume statistics on about the 25th of each month in order to provide accurate and timely information on the state of the U.S. housing market......Learn More


Breaking Down the September FOMC Meeting

Breaking Down the September FOMC Meeting

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The long awaited September FOMC meeting wraps up this afternoon with a press conference led by Chair Yellen at 2:30 EST. Her words will be scrutinized by investors under a microscope, most likely looking for clues and indications as to just how likely we are to see a hike in December. The prevailing view, which is evidenced best by the CME FedWatch tool which ascribes just a 15% probability of a rate hike being announced today, is that due to political implications the Fed will hold off. ......Learn More


Delivering Alpha Conference

2016 Delivering Alpha Conference

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

If you watch CNBC you already know that today kicks off the sixth annual Delivering Alpha Conference in New York City. This elite investor conference brings together big names from the hedge fund and investor community, as well as top political and economic leaders. Treasury Secretary Jack Lew will be the first to speak today on what is usually a high-level discussion on the critical issues facing investors in today's global economy. Presentations will reveal where these top investing minds see opportunities in a U.S. stock market that is floating near all-time highs. ......Learn More


ADP vs DOL Payrolls

ADP National Employment Report vs. DOL Non-Farm Payroll Report

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The ADP National Employment Report is released monthly usually a day or two prior to the non-farm payroll figures published by the Department of Labor’s Bureau of Labor Statistics (BLS). The ADP National Employment Report provides the monthly change in U.S. nonfarm private sector jobs based on payroll data from over half of ADP's domestic business clients, or roughly 24 million employees representing all 19 of the major NAICS industrial sectors......Learn More


CFNAI – What is it?

What is the Chicago Fed National Activity Index and Why Should I Care?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The CFNAI is a weighted average of 85 monthly indicators of national economic activity published at the end of each month by the Chicago Fed. The index incorporates data related to production, income, housing, consumption, employment and business metrics.......Learn More


FHFA-HPI

What is the Federal Housing Finance Agency House Price Index?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The House Price Index (HPI) is a broad measure of the growth in single-family house prices. The HPI is a weighted, repeat-sales index, measuring average price changes in repeat sales on properties. Starting in 1975, the information has been obtained by reviewing mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac.......Learn More


Jackson-Hole

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What is Jackson Hole?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

Jackson Hole refers to an annual economic policy symposium, hosted by the Federal Reserve Bank of Kansas City in the mountain resort of Jackson Hole, Wyoming. Symposium participants include prominent central bankers, finance ministers, economists, academics, and financial market participants from around the world........Learn More


Johnson Redbook

What is the Johnson Redbook Index?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The Johnson Redbook Index is a proprietary indicator of growth in retail sales, published weekly every Tuesday morning. Since its inception in 1964, the Redbook Index has become one of the most watched private indicators on wall street, providing advanced insight into retail trends ahead of official releases and company reports. ........Learn More


NonFarm Payrolls

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Non-Farm Payrolls & The Bureau of Labor Statistics Employment Situation Report

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The Employment Situation Report is a monthly report which releases data on a set of surveys that aim to provide insight into the health of the U.S. labor market. The report is published by the Bureau of Labor Statistics, by the U.S. Department of Labor, and contains information about the unemployment rate, non-farm payroll growth, average hourly earnings and the average workweek.....Learn More


S&P Case-Shiller HPI

What is the S&P / Case-Shiller Home Price Index and What Does It Tell Us?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

In the 1980’s three leading economists, Allan Weiss, Karl Case and Robert Shiller, got together and created an index, formally known as the S&P/Case-Shiller home-price index. Ever since then a number of indices are published monthly on the final Tuesday of each month. These include a 10 and a 20 city composite index as well as 20 individual metro area indices, one for each of the 20 cities included in the composite index......Learn More


Weekly Jobless Claims

What Are Initial Jobless Claims and What Do They Mean For Investors

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

Initial jobless claims are reported every Thursday by the Dept. of Labor in the Unemployment Insurance Weekly Claims news release and provide information on first-time filings for state jobless claims nationwide. The data is reported on a seasonally adjusted basis as certain times of the year are known for above-average hiring for temporary work (harvesting, holidays).......Learn More


What is the Baker Hughes Rig Count?

What is the Baker Hughes Rig Count?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

Baker Hughes has been issuing rig count data as a service to the petroleum industry since 1944 when Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975. The North American rig count is released weekly at 1PM EST on the last day of the work week. The international rig count is released at the same time on the fifth working day of each month....Learn More


What is the Texas Manufacturing Outlook Survey and What Does it Tell Us?

What is the Texas Manufacturing Outlook Survey and What Does it Tell Us?

Written by: Steven Strazza, Contributing Editor to The TradeXchange

Disclaimer provided Below

The Texas Manufacturing Outlook Survey (TMOS) is a monthly survey of local executives who report on a number of indicators, such as production, new orders, employment, prices and company outlook. Respondents also provide their expectations on the broader economy and general state of business as well as how conditions have changed from the prior month and the prior six months.....Learn More


Chart Basics

Understanding and Using Charts

Video by: ZOZO Trader, Contributing Editor to The TradeXchange

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Explanation of Level alerts

Explanation of Level alerts

Video by: ZOZO Trader, Contributing Editor to The TradeXchange

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VWAP

Understanding VWAP (Volume Weighted Average Price)

Video by: ZOZO Trader, Contributing Editor to The TradeXchange

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Options Basics

Understanding Options Basics

Video by: The TradeXchange Analyst Desk

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Podcasts

The TradeXchange Podcast Playlist

Disclaimer

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