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Michigan Consumer Sentiment Slips In April

Michigan Consumer Sentiment Slips In April

The University of Michigan Preliminary Consumer Sentiment for April came in at 97.8, down 3.6 from the March Final reading of 101.4. Investing.com had forecast 100.6. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment slipped in early April, largely reversing the gains recorded in the prior two months. The small decline was […]
Billion Dollar Unicorns: Can Splunk Sustain Its Price Point?

Billion Dollar Unicorns: Can Splunk Sustain Its Price Point?

A recent Market Research Future report estimates the global data analytics market to grow to $159 billion at a CAGR of 31% by the year 2022. Billion Dollar Unicorn club member Splunk (Nasdaq: SPLK) is counting on this growth as it continues to grow inorganically. Splunk’s Financials Splunk’s fourth quarter revenues grew 37% over the year to $419.7 million, […]
3 Best Deutsche Mutual Funds For Impressive Returns

3 Best Deutsche Mutual Funds For Impressive Returns

As of Sep 30, 2017, total global assets of Deutsche Asset & Wealth Management were $371 billion, while their total U.S. assets were $68 billion. Founded in 1919, it is one of the world’s leading financial management companies. The fund family manages a wide variety of domestic mutual funds and variable insurance portfolios. Deutsche Asset […]
Will Debt Leverage Leverage Gold?

Will Debt Leverage Leverage Gold?

Attention, please! The leverage in the stock market has been recently rising. As one can see in the chart below, the stock market margin debt surged more than $113 billion in 2017, one of the largest annual surges. Moreover, it was the ninth annual increase in a row. Chart 1: Stock Market Margin Debt (in $ billions) […]
Is There Any Other Kind?

Is There Any Other Kind?

I think the bears could be in “grave danger” for two related reasons. First, we have either filled or are about to fill some important price gaps, and second, there is a fairly well-formed basing pattern over the past several weeks, as shown here on the S&P 500 futures:   Looking at the same base […]
Quick Take: The Risk Of Algos

Quick Take: The Risk Of Algos

“Mike ‘Wags’ Wagner: ‘You studied the Flash Crash of 2010 and you know that Quant is another word for wild f***ing guess with math.’ Taylor Mason: ‘Quant is another word for systemized ordered thinking represented in an algorithmic approach to trading.’ Mike ‘Wags’ Wagner: ‘Just remember Billy Beane never won a World Series .’ – Billions, A Generation Too Late My friend […]
TGI Friday The 13th – Bulls Are Feeling Lucky

TGI Friday The 13th – Bulls Are Feeling Lucky

We’re still waiting on a few of bounce lines: Dow 23,800 (weak) and 24,200 (strong) S&P 2,640 (weak) and 2,684 (strong) Nasdaq 6,500 (weak) and 6,700 (strong) NYSE 12,450 (weak) and 12,600 (strong) Russell 1,520 (weak) and 1,540 (strong) Even with this morning’s pre-market rally, we still have to take the same 3 red levels we were looking for yesterday so we’ll have to remain well-hedged into the weekend because we don’t change our stance […]
Mission Accomplished

Mission Accomplished

No not the trade war, but we could be seeing progress on that, and not the attack on Syria, that has not happened, yet. No, we are talking about the global oil market rebalancing. The International Energy Agency that previously warned of lower for longer oil prices and warned last year that the oil price […]
Rail Week Ending April 7, 2018: Rail Growth Positive With Mixed Trends

Rail Week Ending April 7, 2018: Rail Growth Positive With Mixed Trends

Week 14 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The rolling averages growth rates are mixed. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the […]
Wells Fargo Earnings Results For Q1 2018 Beat Estimates

Wells Fargo Earnings Results For Q1 2018 Beat Estimates

Wells Fargo & Co (NYSE: WFC) released its Q1 2018 earnings results before opening bell this morning. Wells Fargo earnings rose to $1.12 per share on $21.9 billion in revenue, while the Street had been looking for $1.06 per share on $21.7 billion in revenue. In the year-ago quarter, Wells Fargo earnings amounted to $1.03 […]