CFTC Exempts Capacity Purchases from Swap Rules

The Commodity Futures Trading Commission (CFTC) proposed Monday that electric capacity purchases and natural gas peaking supply contracts be exempt from regulation as swaps. The commission unanimously approvedproposed guidance that said such contracts should not be considered swaps under the Commodity Exchange Act because they are “customary commercial arrangements” intended to meet regulatory commitments. The commission […]

ETF Strategies for an Earnings Recession

We have seen and heard a lot of discussion about the current “earnings recession” and it sounds like really bad news for the stock market. Depending on which measurement of S&P 500 earnings per share (EPS) is utilized, comparisons have been negative for the past two to four quarters as Q4 2015 EPS will finish […]