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Market Commentary: Averages Fall Off Morning Highs, Further Weakening Expected

Market Commentary: Averages Fall Off Morning Highs, Further Weakening Expected

Written by Gary The morning session drifted lower and started to regain losses by 11:30 am. The market trend is now melting up, but the averages remain in a mixed state fluctuating between the unchanged line. By noon the DOW and small caps were in the green and volume was falling fast touching on anemic at […]
Recent Stock Purchase – November 2014

Recent Stock Purchase – November 2014

With the stock market on a tear, closing up five straight weeks in a row, many dividend bloggers have begun to echo the sentiment about finding relative bargains again. To be certain, despite these fantastic runs we have experienced in the Dow and S&P, there are still a lot of high quality names in the […]
Follow The Sand To The Real Fracking Boom

Follow The Sand To The Real Fracking Boom

When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. Demand is exploding for “frac sand”–a durable, high-purity quartz sand used to help produce petroleum […]
3 Things Worth Thinking About (Vol.19)

3 Things Worth Thinking About (Vol.19)

Data And Surveys Continue To Part Company Last Friday, I discussed the growing gap between economic reports particularly when they measure the same basic areas of the overall economy. For example, how can the Markit Manufacturing PMI Index be negative for three months while the ISM PMI has surged higher during the same period. Both cannot […]
3 REITs Your Shopping Cart Must Have This Holiday Season

3 REITs Your Shopping Cart Must Have This Holiday Season

The U.S. has started celebrating its annual shopping spree which is expected to be the busiest buying season from the mountains to the prairies over the recent years. According to a forecast by the National Retail Federation (NRF), holiday sales (November and December) will see a solid 4.1% jump to $616.9 billion. The NRF prediction […]
BEA Revises 3rd Quarter 2014 GDP Growth Upwards To 3.89% Annualized Rate

BEA Revises 3rd Quarter 2014 GDP Growth Upwards To 3.89% Annualized Rate

In their second estimate of the US GDP for the third quarter of 2014, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a +3.89% annualized rate, up +0.35% from their first estimate for the 3rd quarter but still down some -0.70% from the 4.59% annualized growth rate registered during the second quarter.  […]
Short That Gap

Short That Gap

Urban Outfitters has come roaring back from its hard gap-down that occurred on October 17th. I have thus shorted it, since that gap is almost perfectly filled, and I don’t think the stock tumbled hard for no good reason in the first place.
For Whom The Consumer Confidence Bell Tolls

For Whom The Consumer Confidence Bell Tolls

The trend is your friend, but maybe not when it extends to meet a secular downtrend. That’s what the Consumer Conference Board’s ConsumerConfidence (aka the ConCon Con) Index showed today. It shocked Street conomists, whose consensus guesstimate was a reading of 96. Instead it came in at 87. I see little value in this number. While the secular trend has been […]
30 Year Yield Drops Below 3.00% As Richmond Fed Tumbles Most Since 2006

30 Year Yield Drops Below 3.00% As Richmond Fed Tumbles Most Since 2006

Despite the clear message from stocks that everything in the world is awesome, 30Y Treasury yields have tumbled back below 3.00% – 1-month lows. Perhaps the slew of disappointing data is right after all that the US is not decoupling… just don’t tell stocks. Against expectations of a 16 print, Richmond fed printed 4, plunging from its  […]
Oil Edges Down Ahead Of OPEC

Oil Edges Down Ahead Of OPEC

OPEC is considering exemptions for three nations from any potential oil-production cuts. Saudi Arabia’s oil minister told reporters that he didn’t know what OPEC should do at its next meeting but he didn’t anticipate a difficult meeting when the group meets on Nov. 27 to decide its response to slumping crude. According to a source […]