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March 2018: ECRI’s WLI Growth Index Rate Again Insignificantly Slows

March 2018: ECRI’s WLI Growth Index Rate Again Insignificantly Slows

ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion. ECRI also released their coincident index this week. Analyst Opinion of the trends of the weekly leading indices This index is indicating modest growth six months from today. Here is this week’s update on ECRI’s Weekly Leading Index (note – a […]
The Pound Will Need Strong Data To Recover, Not Sure It Will Find It

The Pound Will Need Strong Data To Recover, Not Sure It Will Find It

The GBP/USD is trading around $1.4050, the lowest in a week amid US Dollar strength. UK GDP came out as expected and the better Current Account figure is not enough to cheer the Pound.  The break below uptrend support is a bearish sign. The GBP/USD is trading some 0.20% down on the day around $1.4050. […]
Quarter Back: US Markets At Quarter’s End

Quarter Back: US Markets At Quarter’s End

It was only fitting that the quarter should close in dramatic fashion for U.S. equities – fortunately for anyone who was ready to leap off a bridge after this week’s FANG turmoil, Thursday’s drama was of the “green” variety. Stocks surged to close the holiday-shortened week, helped along by White House spokeswoman Lindsay Walters who insisted […]
Hot Options Report For End Of Day – Thursday, March 29

Hot Options Report For End Of Day – Thursday, March 29

Top tickers for end of day: FB, AAPL, BAC.
Analyst Slashes Starbucks Price Target After Seeing Slower Sales In China

Analyst Slashes Starbucks Price Target After Seeing Slower Sales In China

Starbucks (SBUX ) is not participating in Thursday’s rally after an analyst at Wedbush lowered his rating on the stock to Neutral from Outperform. In a research note, Wedbush analyst Nick Setyan downgraded shares of the coffee retailer to Neutral from Outperform, saying he sees acceleration slowing this year, with risks increasing in 2019. While […]
Market Talk – Thursday, March 29

Market Talk – Thursday, March 29

The Nikkei recovered 0.6% but the currency probably found more conversation than stocks after it traded back to a 107 handle before climbing again in US trading hours. The encouraging news of talks between China and North Korea was met, understandably, with a very positive response around the globe. Tech stocks had been beaten enough […]
Bored With The Hysteria

Bored With The Hysteria

Why are bond yields falling again? There are, as always, a few reasons mostly related to perceived risks (with liquidity always right at the top, at least since August 2007). Those were more easily set aside, or at least more gently reconsidered, when inflation hysteria raged across the internet. But after talking about it for […]
Is The Death Of Bitcoin Upon Us?

Is The Death Of Bitcoin Upon Us?

Are we in for another Bitcoin bubble once the dust settles around regulatory concerns? Video Length: 00:09:43
Investors Retreat From Undecided As Bears Become More Common

Investors Retreat From Undecided As Bears Become More Common

As equity market volatility has picked up, the American Association of Individual Investors’ weekly poll of sentiment has deteriorated. Back in early January, bears were the second-lowest share of responses in the past decade. Since then, however, they’ve seen their share of the poll tick up by about 13 percentage points. While not at a very high […]
Is Advanced Drainage Systems Inc. A Sell At Its Current Enterprise Multiple?

Is Advanced Drainage Systems Inc. A Sell At Its Current Enterprise Multiple?

Advanced Drainage Systems Inc. (NYSE: WMS) trades at an EBITDA multiple of 14.4x, which is higher than the Industrials sector median of 11.3x. While this makes WMS appear like a stock to avoid or sell if you own it, you might change your mind after gaining a better understanding of the assumptions behind the EV/EBITDA ratio. […]