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January Median Household Income At A Another Post-Recession High

January Median Household Income At A Another Post-Recession High

The Sentier Research median household income data for January, released this morning, came in at $57,288. The nominal median rose $130 month-over-month and is up $2,921 year-over-year. That’s an increase of 0.2% MoM and 5.4% YoY. Adjusted for inflation, the latest income was up $115 MoM and $2,191 YoY. The real numbers equate to increases of 0.2% […]
Whole Foods, Kroger Seen Facing More Competition From Cheaper Fresh Market

Whole Foods, Kroger Seen Facing More Competition From Cheaper Fresh Market

Several supermarket chains, including Whole Foods (WFM) and Kroger (KR), will encounter tougher competition following Apollo Group’s (APO) acquisition of The Fresh Market (TFM), Wells Fargo predicted. Yesterday morning, Fresh Market, a supermarket chain that specializes in perishable items, agreed to be acquired by private equity firm Apollo Global for $28.50 per share. ANALYST REACTION: […]
Chart Of The Day: Inventory Ratio Rings In The Recession

Chart Of The Day: Inventory Ratio Rings In The Recession

Do these look like the charts of a “recovering” economy?
Anticipation Of Osborne’s Budget Weighs On Sterling

Anticipation Of Osborne’s Budget Weighs On Sterling

If UK Chancellor of the Exchequer Osborne wants to position himself to be the next Prime Minister, the budget to be unveiled tomorrow may not be particularly helpful. There is little room to relax fiscal policy, given the self-imposed constraints.   The deficit for the current fiscal year was projected to be GBP73.5 bln, but […]
US Housing Starts: February 2016 Preview

US Housing Starts: February 2016 Preview

Housing starts are expected to total 1.126 million units (seasonally adjusted annual rate) in tomorrow’s February update, according to The Capital Spectator’s average point forecast of several econometric estimates. The projection represents a moderate increase over the previous month’s level of residential construction activity. The Capital Spectator’s average forecast for February is below three estimates […]
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                        The Daily Shot And Data – March 15, 2016

E The Daily Shot And Data – March 15, 2016

Let’s start with emerging markets where we want to cover a number of developments. 1. Egypt, running low on dollars, devalued its currency sending the Egyptian pound down some 14% (chart shows the number of pounds one dollar buys). Source: Investing.com 2. India’s CPI seems to have stabilized (below consensus). Given the weakness in the nation’s […]
March 2016 Empire State Manufacturing Index Climbs Into Expansion

March 2016 Empire State Manufacturing Index Climbs Into Expansion

The Empire State Manufacturing Survey improved and is now showing its first positive reading since July of last year. Expectations were for a reading between -15.00 to -7.00 (consensus -11.25) versus the 0.6 reported. Any value above zero shows expansion for the New York area manufacturers. New orders subindex of the Empire State Manufacturing Survey […]
Gold – Dangerous Reversal Pattern At Channel Resistance Last Week

Gold – Dangerous Reversal Pattern At Channel Resistance Last Week

Gold has rallied over the past couple of months, taking it to the mid-range of a 5-year falling channel at (1) above. This chart is a weekly chart and last week while hitting resistance, Gold might have created a potential “Doji Star” reversal pattern, at (1) above. This pattern took place, with momentum at levels […]
4 Top-Rated Small-Cap Blend Mutual Funds To Invest In

4 Top-Rated Small-Cap Blend Mutual Funds To Invest In

Investors looking to invest in a portfolio that provides significant exposure to both value and growth stocks, and wanting to diversify their investments across a wide range of sectors and companies, may consider small-cap blend mutual funds. Blend funds or “hybrid funds” owe their origin to a graphical representation of a fund’s equity style box […]
When Ackman Gets A Valeant Margin Call Today, This Is What He Will Be Selling

When Ackman Gets A Valeant Margin Call Today, This Is What He Will Be Selling

With Valeant in free-fall this morning, collapsing well over 20% after surprising Wall Street with the magnitude of its guidance cut and its simply atrocious results now that the rollup strategy has well and truly blown up, we thought it worth revisiting just what else Bill Ackman will have left to liquidate to meet margin calls […]