Shares are currently priced at $18.52, and the recent appreciation has pushed them almost to the $18.79 average price target, leaving little room for further upside. “The only way to get economic security is to invest in scarce assets that are not going to be debased by the currency expansion. When the U.S. dollar is strong, you need fewer U.S. dollars to buy a barrel of oil. Ares has held the dividend steady for the past 5 quarters, after reducing it from 42 cents in 1Q20 when the corona crisis hit. Not so fast, says RBC Capital’s head of U.S. equity strategy Lori Calvasina. The contract, which averaged around $456 last year, was at $972 on Thursday.Renovation activity is expected to stay “extremely strong,” according to Brendan Lowney, principal of macroeconomics at FEA. When MicroStrategy increased its Bitcoin holding, it held a Dutch auction to give shareholders time to sell their stock.“Everybody had plenty of time to digest the news and decide whether they’re on or off,” Saylor said.With all the attention he’s attracted, Saylor wants to do more than just defend a radical investment strategy. Foreign investors buy dollars to make transactions involving dollar denominated goods easier to facilitate. Yamada became the latest of the lords to go quiet in June, when he said he was taking a break from Twitter after his account had been briefly locked.Okansanman, an anonymous account with more than 175,000 followers that was famous for its rapid delivery of breaking news, went dark in early 2019 and hasn’t resurfaced.The Mysterious Twitter User Drawing a Swarm of Japan TradersYamada worked at two Chinese government-related funds before striking out as a day trader in Japan in 2013, he told Bloomberg News last year. 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Ares provides cash, capital, credit, and financing services to companies that cannot necessarily access those in the usual money and credit markets; it is a vital role that helps to keep small- and medium enterprises afloat. Here is the curveball: The provision is becoming law after Americans have already filed 55.7 million tax returns with the Internal Revenue Service as of March 5. In that case, taking a safety-first approach could prove to be a prudent solution; investors can seek shelter in a defensive play that will provide some income padding in the portfolio. Georgia drivers are surprised they never knew this new tip. The company, which specializes in sewing and fabrics, sold 10.9 million shares to raise $130.8 million. Rising oil prices cause the United States’ trade balance deficit to rise as more dollars … “We’ll come off a boil, but we expect that market to still run hotter than it has in the last 10 years.”North America’s lumber deficit will mean that more wood product needs to be imported from Central Europe, where a beetle infestation has killed trees and led to increased logging, according to Jannke. The United States has historically been a net importer of oil. Crude oil is quoted in U.S. dollars (USD). When the dollar is strong compared to other currencies, it makes oil cheaper in the U.S. but more costly in many other countries. The U.S. dollar is rising—and it’s helping to drag down the stock market. The claim: ‘Last time Joe Biden was in the White House’ gas prices were upwards of $5.50 a gallon. According to the Bank for International Settlements, or BIS, emerging market (EEM) firms have assumed significant dollar-denominated debts in the past few years. The recent decline in oil prices was a good thing, but it became disruptive when it was helped along by non-market forces. “America is starting to look like Japan.”(Updates to include more details)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Oil is denominated in dollars. Oil is traded in dollars as are most commodities, because the US dollar is the Global Reserve Currency. This was an 85% increase year-over-year, and was more than enough to sustain the company’s dividend. He and his fellow executives, without admitting or denying the allegations, paid $11 million to the Securities and Exchange Commission in December 2000, including $1 million in fines.“It’s made us careful and humble and focused,” Saylor said. Commodity prices don’t necessarily tick higher for every tick lower in the Dollar Index, but there's often been a strong inverse relationship over the long haul. “People don’t know the rules.”Calls and direct Twitter messages to Yamada went unanswered. After a very close connection since the pandemic began, inflation-adjusted yields have kept climbing, but the Nasdaq 100 has suffered. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. With a rise in dollar, the value of oil relative to the dollar falls. “We find it hard to see where this fiber’s going to come from.”(Adds details of industry letter in first three paragraphs. (Updates with oil price forecasts in 5th paragraph. Unlike the U.S., European lumber production is expected to exceed consumption, allowing Europe to boost its exports, he said.U.S. At the same time that it released the earnings report, company management also declared the Q1 dividend. The strong dollar has helped to hold down commodity prices, which would have moved up even more, when priced in dollars, had the dollar not strengthened. That is the environment that led us to decide we should consider Bitcoin as a treasury reserve asset.”‘Every Scar’Not everyone agrees with the strategy.“Saylor equated Bitcoin to a bank – that’s just ridiculous,” said Marc Lichtenfeld, chief income strategist at the Oxford Club, a financial-research firm that has no stake in MicroStrategy. Oil prices already are under pressure from a global supply and demand imbalance, and a stronger dollar isn’t doing any favors for traders or oil nations like Russia. Oil and the U.S. Dollar . The graph above shows the correlation between the US dollar and oil prices. System Predicts Stock Market Crash, When will I get my third stimulus check?     Meanwhile sugar fell to below 12 cents by March 2015. And that puts a … When studying currency, be careful about confusing a weaker dollar with inflation. Individual commodities have fundamental supply and demand characteristics, so they move one way or another at times regardless of the direction of U.S. currency. Cheap gas provides a powerful boost to drivers filling up their tanks, but the 2014-2016 oil crash showed that plunging energy prices can have negative … Following a failed attempt to get into Senegal’s offshore oil boom in 2020, LUKOIL is returning in an attempt to capture another piece of its promising Sangomar oil field, 5G Could Be the Next Huge Tech Trend. In early Friday action, the yield on the 10-year Treasury was rising and Nasdaq 100 futures were falling. This translates into a structure that can offer the earnings alpha of a specialty lender and the stability of a large cap operator.” O’Shea added, "ARCC has, at times, turned yesterday's lemons into today's lemonade. The stock surged more than sixfold in the first three months of 2018 before losing most of the gains.The person behind the nickname was Toru Yamada, a former money manager, and he and another man have just been arrested for market manipulation, according to Japanese media reports. Because world oil prices are denominated in dollars, a strong dollar is expected to result in a lower price, and a weaker dollar would support higher oil prices. Inflation describes a type of monetary policy effect. Real inflation occurs when a central bank, such as the U.S. Federal Reserve, prints money at a rate faster than the increase in economic productivity. In back-to-back-to-back investor days from Verizon Communications, T-Mobile US, and AT&T, management teams laid out their plans for newly acquired wireless spectrum licenses and hyped up their strategies for the 5G era. In 1973, the federal government decided to float the dollar; the currency's value is now based on supply and demand. BofA Securities and Credit Suisse were lead bookrunners on the deal. Weak Dollar and US Petroleum Reserves Behind Strong Oil Price . The Federal Reserve is likely to increase interest rates in 2015, Biden administration enlists FEMA to help with surge of children at U.S.-Mexico border, British Airways calls for vaccinated people to travel without restrictions, Masters of Equities Universe Are Unfazed by Spike in Bond Yields, Global Baby Drought of Covid-19 Crisis Risks Population Crunch, U.S. administers 105.7 mln doses of COVID-19 vaccines - CDC, U.S. stocks close mixed as Dow notches fifth straight record high, Bitcoin hit an all-time high — Here's why Warren Buffett still won't touch it, L.O.C.K. Oil prices tend to fall as a result. The tech-heavy Nasdaq tumbled after rebounding more than 6% over the past three sessions as the rising bond yields revived inflation worries and dulled the appeal of high-growth technology shares. Generally speaking, a rise in the value of one currency hurts exporters as it raises the costs of their goods in foreign countries, but it also provides added benefit to importers as the cost of foreign goods declines. Why a Strong Dollar Is Bearish for Commodities ... Copper fell to a 2014 year low of $2.83 per pound and oil fell from over $107 per barrel in June of 2014 to under $45 by January of 2015. If … At 30 cents per common share, the payment remains flat from Q4; at $1.20 annualized, it yields a hefty 8.52%. Brent, the global benchmark, fell $1.80, or 2.7%, to $63.72 a barrel on ICE Futures Europe, the lowest settlement since April 22. On Friday, Saylor tweeted that MicroStrategy bought 262 additional Bitcoins for $15 million in cash, bringing the total to about 91,326. The firm’s shares closed down 2.5% to $784 in New York.Read more: MicroStrategy CEO Will Consider Raising More Debt to Buy BitcoinThe move has resulted in MicroStrategy becoming a dual-purpose company: part software maker, part Bitcoin investor. Timing your 2020 tax return could make all the difference for your stimulus check. The fall in local currencies could affect the creditworthiness of the corporates. In the next part of the series, you’ll learn about the various economic implications of the drop in oil. Robert Dodd, 5-star analyst from Raymond James, covers this stock – and he was impressed enough recently to upgrade his stance from Perform (i.e. This will be the decade.”(Updates with additional purchases in 17th paragraph. “Who were the last people to embrace this? With other central banks in Japan (EWJ), Europe (EZU), and China (FXI), pumping in liquidity, this is likely to widen interest-rate differentials. A valuable tax exemption emerging during the heart of tax season is a potential windfall and a new curveball for people trying to get back on their feet after a financially devastating year. Enda Curran. Saudi Arabia, who sells most of the world's oil, has pegged its currency to the dollar. And that puts a … “People don’t know what’s right and wrong,” he said. A continuation of the strong rally could hurt consumers, who have benefited from unusually cheap gasoline, while another drop in oil prices could destabilize oil-producing nations and roil global markets. Ares has a portfolio valued at $15.5 billion, and consisting of 350 companies. At the end of 2020, BlackRock held total assets of $1.7 billion, with a net asset value per share of $13.24, up 4.2% sequentially. Buy). The dollar is the preeminent global currency. All oil contracts are sold in U.S. dollars. If you live in Georgia, you better read this. He divided opinion on Twitter even before his arrest, with dedicated followers who mimicked his trades and others who accused him of being a manipulator, using his influence to pump up stocks before dumping them.“When many Japanese people lose, they want to blame it on somebody else,” he said last year, brushing off his critics.Followers may have to wait to learn of Yamada’s fate. If the Japanese experience is anything to go by, any regulatory actions could be a long time coming, if they materialize at all.“This has been going on for over a decade, back from when people used to use bulletin boards,” Agari said, referring to retail investors talking up stocks online. The stock will start trading later Friday on Nasdaq, under the ticker symbol 'JOAN.' Oil-exporting nations receive dollars for their exports, not their own currency. Jobs growth is up, unemployment is down, our manufacturing sector carries the rest of the world on its shoulders like a wounded soldier and the World Economic Forum named the U.S. the third-most competitive nation, our highest ranking since before the recession. And that’s likely to support the dollar in the months ahead. (Bloomberg) -- Soaring lumber prices and chronic shortages are prompting key U.S. housing industry participants to call on the Biden administration to find remedies that’ll boost wood production.Thirty-seven organizations are calling for the “immediate attention” of U.S. Department of Commerce Secretary Gina Raimondo to address “skyrocketing” lumber prices and supply constraints they say endanger economic recovery and housing affordability.“We respectfully request that your office examine the lumber supply chain, identify the causes for high prices and supply constraints, and seek immediate remedies that will increase production,” according to a March 12 letter signed by groups involved in areas of housing including construction, real estate and manufacturing.The pleas come as higher prices for wood threaten to stifle the number of planned construction projects across North America and push prices for new homes even higher due to rising costs, exacerbating woes faced by new homebuyers in the past year. But most Americans won’t see what’s going on until it’s too late. Bottom line, a strong dollar goes against the protectionist economic strategies the new US administration advocates for since it hurts US exports. “Every scar informs you, and I wouldn’t be who I am without having lived through those experiences.”Steady RevenueSaylor has continued to run the analytics software business he founded in 1989, and has overseen annual revenue streams of around $500 million for the last decade, though sales have dipped in recent years.Bitcoin’s price has soared in recent months, hitting a record above $58,000 last month as big investors pile in and the asset class matures.Saylor shrugs off concern about Bitcoin’s volatility and said crypto critics are behind the curve. The chief executive officer is now worth $3 billion, according to the Bloomberg Billionaires Index, joining the ranks of the world’s richest crypto holders, a list that isn’t definitive since some fortunes can’t be identified or verified.MicroStrategy’s crypto fixation began soon after the pandemic hit when the firm found it had a cash-flow problem: There was just too much of it. Here’s the history of weekly spot prices (nominal) for WTI since 1986. Oil Price Hurt by Dollar Strength Market players continue to question the sustainability of the recent oil price rally An Endeavor Energy Resources rig outside Midland, Texas. He’s become something of a global Bitcoin ambassador in recent months, appearing regularly on crypto podcasts and YouTube shows advocating for digital-asset investments.“This is a really critical point in human history,” he said. Buy) and his $20 price target on the stock implies a 7% upside potential. AD Oil prices tend to fall as a result. This means a dollar buys less gas and that pinches many consumers. Here is the windfall first: The provision could result in individual household tax savings between $1,000 and $2,000, depending on some different estimates. It is very important to do your own analysis before making any investment. As with TCPC above, the high dividend yield provides the return potential at this time. A key factor driving a company's stock price is its earnings. (See ARCC stock analysis on TipRanks) To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. system predicted the March 2020 crash…Now it says all Americans should do one thing before April. BlackRock TCP Capital (TCPC) We’ll start with BlackRock, a specialty finance company that concentrates on providing capital and credit access to mid-market companies. Commodities including gold and oil are priced in dollars. All eyes will be on the Federal Reserve's meeting next week as traders put pressure on the central bank to prevent a de-stabilizing rise in bond yields. Tax preparers have tips to help you qualify, Common Mistake For Cars Used Under 50 Miles A Day, Market Wrap: Bitcoin’s Winning Streak Ends as Prices Struggle to Break Record, 2 “Strong Buy” Dividend Stocks Yielding 8%, Russia Refuses To Give Up On Senegal’s Oil Boom, Here’s how far the Nasdaq could fall if bond yields reach 2%. Soaring prices for wood have lifted the average price of a new single-family home in the U.S. by more than $24,000 since April, according to the National Association of Home Builders.Lumber prices have nearly tripled while those for boards used in residential construction have jumped more than 250% since last spring, according to the letter.“Home builders and construction firms that have signed fixed-price contracts are forced to absorb these crippling increases in materials prices and costly delays in deliveries,” the letter said, adding that “there is a significant risk that many of these firms will be forced out of business.”Costs that can be passed on will make housing less affordable, the letter said, while “other projects will no longer be economically viable, which undercuts the availability of new housing supply and further jeopardizes affordability.”No ReliefNorth American lumber prices are expected to extend gains through this year as homebuilding and renovations cause demand for wood to outstrip production, according to forecasts by Forest Economic Advisors LLC.“Production is going to have a hard time keeping up with demand growth as the world economy bounces back from Covid-19 in 2021-22,” Paul Jannke, the FEA’s principal of lumber, said Thursday during a conference hosted by the industry research group. Of the total portfolio, some 72% is made up of first and second lien secured loans. This means a dollar … “Investors here don’t have enough financial literacy.”Others wondered what exactly Yamada had done wrong.“It’s amazing that selling to release the margin restrictions is treated as market manipulation,” Akira Katayama, a well-followed day trader known as Gogatsu, wrote after his arrest.Japanese retail investors have been advocating the country’s thousands of thinly traded stocks online for more than a decade, starting off on the bulletin boards popular in the mid to late 2000s before moving to Twitter, the dominant platform in recent years.The most prominent came to be known as “locust lords” for attracting a swarm of day traders. Why? The US dollar index is up 5% since July 1, and isn't slowing down. Related Content; Related Content; Share. The petrodollar is any U.S. dollar paid to oil-exporting countries in exchange for oil. The rollover risks might even trigger defaults. Proceeds will be used to repay debt. Their intention was to keep the share price below a certain level to ensure restrictions on new margin trades on the stock were lifted, the reports said. The stock price goes to the moon -- before crashing back to earth.It’s an all-too-familiar tale to anyone watching the market in 2021, but this wasn’t GameStop Corp. The commercial aerospace giant's stock jumped on the news. That makes it harder for regulators to monitor, he said.Read more: GameStop Frenzy Is Lost in Translation for Japan’s Day TradersAs for the fallout from the GameStop saga, that’s anyone’s guess. By the time he first tweeted about it, on Feb. 1 the next year, the shares had almost tripled.That March, Yamada and another man placed a large number of sell orders below the market price just before the close, according to the media reports. The dollar is in a similar situation. A prolonged period of lower oil prices often signals a severe recession or even a … But do these markets always work that way? Last month, Ares reported 4Q20 earnings, with a GAAP net EPS of 89 cents. These positive results are reflected in the share price, which is up 24% year-to-date. Biden’s $1.9 trillion ‘rescue plan’ eliminates taxes on cancelled student loan debt. While the firm has been transparent about this change in regulatory disclosures, juggling two distinct goals isn’t something that investors are accustomed to.“If you’re a hedge fund and you want to make that kind of a concentrated bet, you’re entitled to do that,” Lichtenfeld said, but “as a software company to make this kind of a bet is completely irresponsible.”‘Critical Point’Saylor said the company has been upfront with investors throughout. In 2000, a shareholder filed a class-action lawsuit against MicroStrategy, alleging it misled investors over the company’s earnings by booking revenue prematurely to inflate profits.MicroStrategy agreed to restate its revenue figures and Saylor, once dubbed the wealthiest man in Washington, D.C., with a fortune of $7 billion, lost almost all of it in a matter of weeks after shares fell 95%.