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March Producer Price Index: Final Demand Up 0.3% MoM

March Producer Price Index: Final Demand Up 0.3% MoM

Today’s release of the March Producer Price Index (PPI) for Final Demand came in at 0.3% month-over-month seasonally adjusted, up from last month’s 0.2%. It is at 3.0% year-over-year, up from 2.8% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) also came in at 0.3% MoM, up from the […]
Technically Speaking: 10 Reasons The Bull Market Ended In 2018

Technically Speaking: 10 Reasons The Bull Market Ended In 2018

In this past weekend’s newsletter, “Bulls Hang On By A Thread,” I suggested a rally was likely due to the short-term oversold conditions that currently existed. To wit: “For now, we want to give the bulls the benefit of the doubt, but that ‘bit of rope’ is awfully frayed at this juncture. If the market hits our target zone […]
Large To Small Indices Remain Above Important Support

Large To Small Indices Remain Above Important Support

The chart above looks at performance numbers of several key indices on a Year-To-Date basis and from the highs in January. Both highlight that these indices are soft and mostly choppy so far this year. The 8-pack below looks numerous stock indices from large to small- Even though the majority of these indices are down this […]
When Is The Next Bear Market? Evaluating Risk Premium Spreads

When Is The Next Bear Market? Evaluating Risk Premium Spreads

Today we’ll measure the current risk premium in the market. We’ll take a look at risk premium spreads and see how much longer this bull has to run. Make sure you review this video that explains risk premium spreads before continuing:  Video length: 00:05:22 When the Fed lowers interest rates, it affects the risk premium […]
Euro Spikes After ECB’s Nowotny Suggests 20Bps Rate HIke

Euro Spikes After ECB’s Nowotny Suggests 20Bps Rate HIke

After a relatively flat overnight session for the common currency, the EURUSD spiked as much as 50 pips higher after Reuters quoted ECB hawk Ewald Nowotny who this morning sounded especially hawkish, suggesting that the ECB could lift the deposit rate from -0.40% to -0.20% to start the process of rate hikes… ECB COULD LIFT […]
Open It Up

Open It Up

Oil bears are scattering after China is signaling they will start to open their markets and take steps to guard foreign intellectual property. The speech by the Chinese President seems to suggest that President Donald Trump’s tactics of playing hardball is having the desired effect. China, of course, had its currency pegged to the dollar […]
Tenneco To Create 2 Public Companies With Acquistion Of Federal Mogul For $5.4B

Tenneco To Create 2 Public Companies With Acquistion Of Federal Mogul For $5.4B

Tenneco (TEN) has signed a definitive agreement to acquire Federal-Mogul. Federal-Mogul is being acquired from Icahn Enterprises L.P. (IEP) for a total consideration of $5.4B to be funded through cash, Tenneco equity and assumption of debt. Tenneco also announced its intention to separate the combined businesses into two independent, publicly traded companies through a tax-free […]
Bullish Pattern In SPX Can Target 2760 If Triggered

Bullish Pattern In SPX Can Target 2760 If Triggered

Take a look at what I saw in my SPX chart…an inverted head and shoulders pattern with the neckline at 2670. Break above it and we could sea push towards the upper triangle boundary and downward sloping resistance trend line. The pattern The target  What have seen so far? Every time price moves towards 2600-2580 […]
Indian Indices Trade Marginally Higher; Metal Sector Up 1.8%

Indian Indices Trade Marginally Higher; Metal Sector Up 1.8%

Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the metal sector and banking sector witnessing maximum buying interest. The BSE Sensex is trading up 89 points (up 0.3%) and the NSE Nifty is trading up 22 points (up 0.2%). The BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is […]
Taylor Wimpey Builds Homes In The UK And Spain

Taylor Wimpey Builds Homes In The UK And Spain

This week my latest portfolio seeks a high-yield and growing stock in the consumer cyclicals sector.  That sector includes twenty-eight industries ranging from Advertising Agencies to Apparel, Autos, Broadcasting, Department Stores, Gambling, Leisure, Lodging, Packaging, Personal Services, Shoes, Restaurants, Rubber, Plastics, Textiles, and all such consumer aimed enterprises. Today I’m reviewing a residential construction firm. […]