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The “Real” Goods On The May Durable Goods Data – Wednesday, June 27

The “Real” Goods On The May Durable Goods Data – Wednesday, June 27

This morning, the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly […]
Will Walgreens Be Able To Continue Their Successful Run?

Will Walgreens Be Able To Continue Their Successful Run?

Walgreens Boots Alliance Consumer Staples – Food & Staples Retailing Walgreens is set to release their FQ3’18 earnings tomorrow, June 28, before the market opens. The Estimize consensus projects an EPS of $1.51, which is more bullish than Wall Street’s EPS estimate of $1.47. Furthermore, Estimize predicts Walgreens’ revenue to come in it at $33.778B, […]
The World Is But A Few Steps Away From A Financial Crisis

The World Is But A Few Steps Away From A Financial Crisis

iStock.com/alexskopje Italy, Migrants, and the European Union Control the Fate of the Inevitable Next Financial Crisis A year ago, it seemed that Europe managed to avert a financial crisis that threatened a repeat of September 2008. However, “surprising” economic data and Emmanuel Macron’s win over “populist” Marine Le Pen in the French presidential election produced […]
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                        There Is Only One Global Trade War

EC There Is Only One Global Trade War

IHS Markit reported last week that its composite Purchasing Managers Index (PMI) rebounded slightly in its first reading for June 2018. In January, the index had managed nearly 59, the highest in a very long time. It was taken as a definitive sign that Europe’s economy was not only booming, that boom was sustainable. Global […]
2018 Global Market Outlook – Q3 Update: Trade-War Tightrope

2018 Global Market Outlook – Q3 Update: Trade-War Tightrope

Synopsis The two key global market trends of early 2018—U.S. growth leadership and the U.S. dollar bounce—have probably run their course. Be alert for an escalation in the trade-war issue, and keep an eye on the yield curve for a U.S. recession warning, although a recession seems unlikely before late 2019. Key market themes We maintain […]
May 2018 Median Household Income Upward Trend Continues

May 2018 Median Household Income Upward Trend Continues

from Sentier Research New data from the monthly Current Population Survey (CPS) indicate that median annual household income was $61,858 for May 2018. Median household income in May of this year was higher than for any other month since January 2000 (series start), yet only 2.4 percent above the January 2000 estimate of $60,383 after […]
USD/JPY: Threatening Further Bull Pressure

USD/JPY: Threatening Further Bull Pressure

USD/JPY: The pair looks to recover further higher leaving risk of more strength on the cards. On the downside, support lies at the 110.00 level where a break if seen will aim at the 109.50 level. A cut through here will turn focus to the 10.00 level and possibly lower towards the 108.50 level. On […]
Equity Volatility Has Been Near Average In 2018

Equity Volatility Has Been Near Average In 2018

Is The Market Volatile? Your fear of the current market action is dependent on your experience. If you don’t have a lot of experience in the market, you may be afraid, but this has been a normal year. I made the prediction late last year that this year would be more volatile than 2017. That […]
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                        AUD/NZD Is Breaking Higher In An Impulsive Manner

E AUD/NZD Is Breaking Higher In An Impulsive Manner

At the end of May, AUD/NZD began to fall sharply, but it dropped only in three waves a-b-c, which is a corrective movement, where wave c ended with five waves and this is something completely normal in EW theory because we know that wave c is a motive wave. So, after that a-b-c corrective decline, […]
Coming In For A Landing

Coming In For A Landing

Since the price of energy has been going higher and higher, there are certain industries whose profit margins have been shrinking due to their reliance on fuel in their business. One company obviously in this category is American Airlines, which I’ve mentioned here many times (as well as on my tastytrade segment). The breakdown continues… I would suggest a trip down […]