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Unmasking The VooDoo: Fibonacci

Unmasking The VooDoo: Fibonacci

If you ever want to sound foolish during your next television interview on the markets, tell them that the market is approaching a Fibonacci level and will do X when it gets there. It is sort of like doing a DIY network interview and saying the house will have four bedrooms because you are using […]
Eventually Amazon Will Fail – And That’s A Good Thing

Eventually Amazon Will Fail – And That’s A Good Thing

The Federal Trade Commission has cleared the merger between Amazon and Whole Foods, sparking yet more fears that the retail giant is becoming too big. Even as commercial enterprises adjust, politicians and bureaucrats in America, Europe, and elsewhere are sounding the alarm about how big companies like Amazon and Google are shutting out smaller competitors and hogging […]
The Markets Are Looking Past The Jobs Number

The Markets Are Looking Past The Jobs Number

(Audio length 00:09:18) After a disappointing jobs number hit the wire we saw some initial moves in the markets that were quickly reversed. Chris Temple joins me to discuss why he thinks the markets are looking past the jobs number to Fed expectations and potential spending, including infrastructure initiatives.
2017 Is Two-Thirds Done And Still No Payroll Pickup

2017 Is Two-Thirds Done And Still No Payroll Pickup

The payroll report for August 2017 thoroughly disappointed. The monthly change for the headline Establishment Survey was just +156k. The BLS also revised lower the headline estimate in each of the previous two months, estimating for July a gain of only +189k. The 6-month average, which matters more given the noisiness of the statistic, is […]
3 Top-Ranked Oppenheimer Mutual Funds For Fabulous Returns

3 Top-Ranked Oppenheimer Mutual Funds For Fabulous Returns

Founded in 1959, OppenheimerFunds currently has $242 billion worth of assets under management (as of Jul 31, 2017) invested in 89 mutual funds across a wide range of categories including equity, fixed income and alternative securities, and multi asset funds. With over 2,000 employees including 170 investment professionals, the company serves clients, including individual investors […]
People Still Using CAPE For Valuation?

People Still Using CAPE For Valuation?

We’ve addressed our feelings on the uselessness of CAPE before but I am seeing it being used frequently once again so it is time to revisit…. “Davidson” submits: CAPE has an issue which misses a significant market perception. The issue is earnings are adjusted for inflation which causes the CAPE ratio to rise over time. The market […]
ISM Manufacturing Index: Continued Expansion In August

ISM Manufacturing Index: Continued Expansion In August

Today the Institute for Supply Management published its monthly Manufacturing Report for August. The latest headline Purchasing Managers Index (PMI) was 58.8 percent, an increase of 2.5 percent from 56.3 the previous month. Today’s headline number was above the Investing.com forecast of 56.5 percent. Here is the key analysis from the report: “The August PMI® registered 58.8 percent, an increase […]
GDP Estimates: GDPNow 3.2%, Nowcast 2.2%

GDP Estimates: GDPNow 3.2%, Nowcast 2.2%

The spread between the Atlanta Fed GDPNow model and the New York Fed Nowcast model narrowed a bit today. About one percentage point separates the models. GDPNow Forecast: 3.2 percent — September 1, 2017 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.2 percent on September 1, down from […]
EUR/CAD Back To 1.45?

EUR/CAD Back To 1.45?

There are 3 monetary policy announcements next week and only 2 are expected to be big market movers — the European Central Bank and Bank of Canada rate decisions. EUR/CAD will be in play and a strong trend could emerge if these central banks surprise. For the past few weeks, investors have been positioning for […]
Costco After The Recent Correction – Overvalued Or Undervalued?

Costco After The Recent Correction – Overvalued Or Undervalued?

Introduction This is the fourth in a series of articles where I will cover popular and/or high profile stocks. The primary objective of this series will be to put a spotlight on the importance of forecasting future growth prior to making an investment decision. I elaborated on the importance of forecasting future growth in part […]