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Senate Passes Debt Ceiling/Govt Funding Deal: Here’s What Happens Next

Senate Passes Debt Ceiling/Govt Funding Deal: Here’s What Happens Next

Moments ago the Senat passed the debt ceiling/government funding/hurricane aid deal, cobbled between Trump and the Democrats to howls of protest from the GOP, in an 80-17 vote. As a result, the debt limit will be suspended until December 8 and and fund govt through Dec. 8; it also provides $15.25b in disaster funding for […]
The S&P 500, Dow And Nasdaq Since Their 2000 Highs – Thursday, September 7

The S&P 500, Dow And Nasdaq Since Their 2000 Highs – Thursday, September 7

This update is in response to a standing request for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. It includes the latest monthly close data. Here are two overlays — one with the nominal price, excluding dividends, and the other with the price adjusted for inflation based on the Consumer Price […]
2Q2017 (Final): Headline Productivity Shows Significant Gain

2Q2017 (Final): Headline Productivity Shows Significant Gain

A simple summary of the headlines for this release is that there was significant growth of productivity while the labor costs grew less. There continues too much backward revision which completely reversed trends making one wonder wtf is going on. Analyst Opinion of Productivity and Costs I only look at year-over-year data – the headline […]
Four High Earnings Yield Stocks To Boost Your Portfolio

Four High Earnings Yield Stocks To Boost Your Portfolio

Earnings yield is a very useful ratio for investors who are willing to put their money in bonds or stocks. It is the reciprocal of the price-to-earnings (P/E) ratio. This ratio is very handy in tracking undervalued stocks. It can also be used for comparing stocks with the market or fixed income securities. Earnings yield […]
GBP/USD Struggles At Resistance – Weakness To Offer Opportunity

GBP/USD Struggles At Resistance – Weakness To Offer Opportunity

GBP/USD Daily Chart Technical Outlook: Last month we noted that Sterling prices were approaching a region of key, “structural support at the December high / lower parallel at 1.2760/75– a level of interest for possible exhaustion.” Indeed prices registered a low of 1.2773 before reversing sharply higher with the advance now approaching initial resistance targets at 1.3121– a level defined […]
‘Bubble Music Is Playing’ In Financial Engineering

‘Bubble Music Is Playing’ In Financial Engineering

There’s been no shortage of digital ink spilled in these pages about what central banks hath wrought in terms of the incentive for corporates to borrow to fund buybacks. With policymakers driving everyone down the quality ladder in search of yield, investors clamor for corporate debt. And where there’s insatiable demand, there will be someone […]
GE Slides As JPMorgan Tells Investors To ‘Prepare For Fall’

GE Slides As JPMorgan Tells Investors To ‘Prepare For Fall’

In a research note to investors, JPMorgan analyst C. Stephen Tusa says he remains negative on General Electric shares and that he now views $24 per share as a “ceiling as opposed to a floor prior.” WORSE THAN EXPECTED: In a research note titled “Preparing For The Fall: It’s Worse Than We Think.”, JPMorgan’s Tusa […]
It Isn’t Always Price Gouging

It Isn’t Always Price Gouging

As some gasoline stations in Texas report gasoline shortages, a motorist in Austin was observed filling up plastic trash cans with gasoline in Austin, Texas on August 31, 2017. (Note that this is extremely dangerous and should not be replicated). Photo by Miguel Jimenez. As gas stations raise prices in the wake of Hurricane Harvey, […]
Billion Dollar Unicorns: Nutanix Making A Comeback

Billion Dollar Unicorns: Nutanix Making A Comeback

Photo Credit: Jared and Corin/Flickr.com  Till earlier this year, there was concern if hyperconverged storage provider Nutanix (NASDAQ: NTNX) could manage to sustain its Billion Dollar Unicorn status. But recent quarterly results and its strategic moves suggest that the company may be back on track. Nutanix’s Financials Nutanix’s fourth quarter revenues grew 62% over the year to $226 million, ahead […]
Yes, Getting Rid Of The Debt Ceiling Is Smart

Yes, Getting Rid Of The Debt Ceiling Is Smart

There are reports going around this morning that Trump wants to eliminate the debt ceiling. Here’s what I said about this 5 years ago: As a fully autonomous currency issuer the US government has no legitimate limit in its ability to finance its own spending. There is no such thing as the USA not being able to make a […]