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Archives by Year:
Ethereum Elliott Wave View Showing Path For Bitcoin
Ethereum is an open-source blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a crypto-currency token called “ether”, which can be transferred between accounts and used to compensate participant nodes […]
May NFP Misses Headline – Focus Moves To ECB, RBA, FOMC
Talking Points: – May Non-Farm Payroll numbers came in below-expectations, with negative revisions for both April and March. Average hourly earnings increased by .2% for an annualized rate of 2.5%. – This has created another gust of weakness in the Greenback, and with a very busy next couple of weeks, we can certainly see volatility […]
Key Bounce Off Of Short-term Support
When you have a 15 point pullback in today’s market over a 3-day period, it becomes a ‘Generational Bottom’ or better yet, a ‘Generational Buying Opportunity’ for the bulls. Yesterday the market had a solid rally, a bit unexpected, as I didn’t think much of the market with it being a shortened holiday week. Nonetheless, […]
Equity Market Climbing The Proverbial Wall Of Worry
The individual investor continues to express concerns for stocks when looking at their sentiment response. Yesterday’s Sentiment Survey report from the American Association of Individual Investors showed a nearly six percentage point decline in the bullish sentiment reading to 26.92%. This pushes the bullishness reading one standard deviation below the average bullishness reading. Confounding investors is the […]
Is The Fed Really Going Raise Rates After This Disaster NFP?
Wages are stuck at 2.5% y/y. If the Fed is truly data-dependent, this data should hold them back from raising rates. And not only are wages poor, job gains also slowed down: only 138K jobs gained and a significant downwards revision worth a whopping 66K. If they do hike, they are basically trapped in their […]
Payrolls “Unexpectedly” Weak, Negative Revisions, Earning Poor: What Happened?
Initial Reaction Today’s establishment survey was a much weaker than expected at 138,000 jobs. The establishment survey was 47,000 under the Econodsay consensus and 115,000 below the ADP projection. ADP was also wildly off the mark in March, estimating 263,000. March is now revised at 50,000. BLS revisions took away a net 66,000 jobs in March and […]
The Dividend Disconnect: Behavioral Finance Strikes Again
In the past we have discussed that some investors demand dividends. (Here is a nice post by Larry Swedroe on the topic and there are more holistic measures, such as shareholder yield, which are better predictors of future returns). A few posts we have on the topic highlight that CEOs cater to dividend demand,mutual funds “juice” the dividend yield, and examine the returns […]
Apptio Valuation Recovers After Post-IPO Dip
According to a MarketsandMarkets report, the global cloud-based ITSM industry is expected to grow 15% annually over the next five years to be worth $8.78 billion in 2021. Bellevue, Washington-based Apptio (Nasdaq: APTI), which listed last year is trying to make its mark in this industry. Apptio’s Financials Apptio was founded by Sunny Gupta, Kurt Shintaffer, and […]
Bond Yields Plunge Through Key Technical Level As Dismal Jobs Data Sinks Stocks, Dollar
The market’s reaction to the dismal jobs data was uniform in its disappointment – while June rate-hike odds remain near 100%, September dipped a little (at just 30%), the dollar dropped, stocks fell, and bond yields tumbled. ‘Hard’ data is collapsing again to 13 month lows as soft data catches down. And September rate hike odds are […]
US Payrolls Rise Less Than Forecast In May But 1-yr Gain Ticks Up
Employment at US companies increased 147,000 in May (in seasonally adjusted terms), according to this morning’s update from the Labor Department. The rise is below expectations, based on Econoday.com’s consensus forecast for a 173,500 jump in payrolls. The advance also represents a downshift from April’s 173,000 increase. But the softer monthly comparison was offset by a slightly […]
