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US Industrial Output Slumps In October

US Industrial Output Slumps In October

Industrial activity dipped 0.1 percent last month, clawing back a portion of the 0.8 percent rise in the previous month, the Federal Reserve reports. The slump surprised analysts, who were expecting a 0.3% gain, according to Econoday.com’s consensus forecast. The manufacturing component, however, posted a modest 0.2% rise, which tells us that last month’s weakness wasn’t broadly […]
Actavis Rumored To Be Close To Acquiring Allergan

Actavis Rumored To Be Close To Acquiring Allergan

As per market rumors, Actavis (ACT – Analyst Report) is closing in on a deal to acquire Allergan Inc. (AGN – Analyst Report) for over $65.5 billion. The rumors are expected to be confirmed soon. Actavis to Outplay Valeant? As per the sources, Actavis has agreed to pay $215 to $220 per share for the Botox maker. Actavis’ offer price, if […]
Market Participation Fades

Market Participation Fades

The charts below were included in an NFTRH update last week. I want to put them up here as well to give readers a view of a market that is losing sponsorship and being diverged negatively by several other beneath the surface indicators as well. Does it mean the market must go down?  No, the […]
October 2014 Industrial Production Marginally Declines, Under Expectations

October 2014 Industrial Production Marginally Declines, Under Expectations

The headlines say seasonally adjusted Industrial Production (IP) marginally declined. Econintersect‘s analysis is slightly better  – but the unadjusted rolling averages also marginally declining from last month.  Headline seasonally adjusted Industrial Production (IP) decreased 0.1% month-over-month and up 4.0% year-over-year. Econintersect‘s analysis using the unadjusted data is that IP growth was unchanged month-over-month, and is up 4.0% year-over-year. The unadjusted year-over-year rate of growth […]
Japan’s Last Stand

Japan’s Last Stand

There is a popular American military term called a “last stand”, which is meant to describe a situation where a combat force attempts to hold a defensive position in the face of overwhelming odds. The defensive force usually sustains very heavy casualties or is completely destroyed, as happened at Custer’s Last Stand. General Custer, misreading […]
EU – Planning To Spend Money It Doesn’t Have

EU – Planning To Spend Money It Doesn’t Have

The Press Takes Notice of a Small Problem We have previously discussed the plans announced by EU commission president JC Juncker to “rescue” the euro area economy by means of € 300 billion of state-directed spending (see “Juncker’s Solution” for details). Now the mainstream press is also beginning to wonder where the money for this ambitious spending […]
Japan GDP Jolts Markets To Start The Week

Japan GDP Jolts Markets To Start The Week

We told you so!   Last Wednesday, right in our morning post, I told you how you could benefit from SUBSCRIBING to our newsletter because we would give you great trade ideas like this one, which we featured for free in that morning’s post: I also mentioned shorting EWJ in the morning post but, for our Live Chat Members, I […]
Empire State Manufacturing: Expansion Continues

Empire State Manufacturing: Expansion Continues

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions continued expanding at a stronger pace from the previous month. The headline number rose 4 points to 10.2, up from 6.2. The Investing.com forecast was for a reading of 11.1. The Empire State Manufacturing Index rates the relative level of general […]
ECB Says May Buy Gold, Stocks Next, Admits “Not Sure If Japan’s QE Has Worked”

ECB Says May Buy Gold, Stocks Next, Admits “Not Sure If Japan’s QE Has Worked”

While it remains to be seen if a majority of the Swiss population want their central bank to purchase a whopping 1,500 tons of gold in the coming years, perhaps the most notable event for gold overnight (aside from news that while India exports fell 5% in October, gold and silver imports soared by 280% […]