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IBM Tumbles After “Beating” Thanks To Grotesque Adjustments, -47.5% Effective Tax Rate

IBM Tumbles After “Beating” Thanks To Grotesque Adjustments, -47.5% Effective Tax Rate

After years of declining revenues, IBM finally surprised investors last quarter with a revenue increase and numbers that at first blush appeared good, but a deeper look revealed were very seriously massaged (as we disclosed at the time). Now, in its Q1 2018 earnings report, IBM has taken the pro-forma adjustments that it has become so […]
Top 5 Charts Of The Week – Tuesday, April 17

Top 5 Charts Of The Week – Tuesday, April 17

In this video, we run through the free weekly email newsletter “The Top 5 Charts of the Week” and add a bit of extra comments and context. In this week’s edition we look at the ‘Stay or Go Indicator’ and what it’s telling us about the US jobs market, then we review the corporate earnings/macro […]
Truly Fine Gentlemen

Truly Fine Gentlemen

Well, as documented (and lampooned) extensively in our week ahead preview, Shinzo Abe arrives at Mar-a-Lago today and Trump is stoked: Getting ready to meet Prime Minister Abe of Japan, a truly fine gentleman! — Donald J. Trump (@realDonaldTrump) April 17, 2018 Here it is: Don’t worry, world. TPP should be renegotiated shortly and the North […]
A List Of Stocks Are Not Improving With This Market Rally

A List Of Stocks Are Not Improving With This Market Rally

The market has had a solid seven days of upward price action.  Not every day has been ideal or even bullish, but the overall picture has been.  And really, price action isn’t even getting carried away – not like what we saw in January. So right now, Syria, North Korea, and the Chinese Tariffs are […]
How Many U.S. Dollar Bills Are There In Circulation?

How Many U.S. Dollar Bills Are There In Circulation?

How Many U.S. Dollar Bills Are There in Circulation? When you think about it, the journey of each individual currency note is pretty incredible. After being printed or minted, each bill is then passed between people and businesses to facilitate transactions. If it’s a $1 or $5 bill, it changes hands on average about 110 […]
Is Cable Topping Out?

Is Cable Topping Out?

Cable spiked to fresh post Brexit highs in early London trade today, but the rally lost its legs after UK Labor data missed its mark. UK Claimant count expanded to 11.6K from 5K eyed while average earnings came in at 2.8% versus 3.0% forecast showing that wage growth remains tepid. The ILO unemployment rate however […]
Biotechs Stalled And Get No Help From Monday’s Market Moves

Biotechs Stalled And Get No Help From Monday’s Market Moves

Biotechs Stalled Despite Healthcare Rally Merck Gains on New Keytruda Data-More Clinical Trials Underway to Expand Uses Healthcare and Nasdaq stocks caught bids on Monday with the XLV up 0.79%, but biotechs were in the red (IBB) down 0.68 %. Drug distributors and drugstores rallied on news that Amazon(AMZNAmazon(  to sell drugs to hospitals and other businesses. CVS Health (CVS) […]
The Mood Swing Away From Stocks Was Inevitable

The Mood Swing Away From Stocks Was Inevitable

I think we have a new short-term uptrend. New 52-week highs have perked up to the point where a market uptrend can find its footing. Bullish. The major indexes have started to tick higher while above their 50-day moving averages. Bullish. Here are some of the interesting ETFs hitting new highs today… Defense, Small Cap […]
Stock Up But Yield Curve Flattening

Stock Up But Yield Curve Flattening

With US markets having another good day it is curious to see the yield curve continue to flatten. Chris Temple joins me to outline the fact that these markets are very confusing with many unknowns now is not the time to take on unnecessary risk.   (Audio length 00:13:53)