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Guidance Readings Down But Still Positive

Guidance Readings Down But Still Positive

Just as earnings and revenue beat rates have dipped a bit this quarter, our guidance spread has also dipped. Below is a chart showing the spread between the percentage of companies raising guidance minus lowering guidance each quarter going back to 2001. This season, the guidance spread stands at +2 percentage points, so more companies are raising […]
July 2018 CPI: Year-Over-Year Inflation Rate Unchanged At 2.9%

July 2018 CPI: Year-Over-Year Inflation Rate Unchanged At 2.9%

According to the BLS, the Consumer Price Index (CPI-U) year-over-year inflation rate was 2.9 % – rate of year-over-year growth up 0.2 % from last month. The year-over-year core inflation (excludes energy and food) rate increased from 2.3 % to 2.4 %, and continues to be above the target set by the Federal Reserve. Analyst Opinion of […]
Turkey Default Risk Spikes To 2008-2009 Crisis Levels; Possible Contagion, Warns Russell Napier

Turkey Default Risk Spikes To 2008-2009 Crisis Levels; Possible Contagion, Warns Russell Napier

All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Source: Bloomberg, Financial Sense® Wealth Management. Past performance is no guarantee of future results. Emerging market risks accelerated with an inversion in the corporate yield […]
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                        When It Comes To Financial Crises In The Emerging Markets, History Repeats Itself All Too Often

E When It Comes To Financial Crises In The Emerging Markets, History Repeats Itself All Too Often

The collapsing Turkish lira provides yet another example of how financial crisis are a regular feature amongst emerging economies. Readers may recall the situation in 1998 when the collapse of Thai currency set off a wave of currency collapses, rising interest rates, defaulting debt and severe balance of payments stresses in many Asian nations. Today, […]
Housing Is Still Affordable In (Many Areas Of) America

Housing Is Still Affordable In (Many Areas Of) America

From crime rates to life expectancy to income levels, statistics at the national level are next to useless when it comes to measuring the daily lives of ordinary people in the United States. This is because the United States — which is a huge and geographically diverse country — is simply too large to be summed up in a single […]
S&P 500 Snapshot: Index Drops 71 BPS From Thursday

S&P 500 Snapshot: Index Drops 71 BPS From Thursday

The S&P 500 started Monday climbing, only to stay in a narrow range through the rest of the week, closing Friday down 0.71% from Thursday and below its Monday open. The index closed with a weekly loss of 0.25% and is up 5.10% YTD (as of Jan. 1). The U.S. Treasury puts the closing yield […]
Real Wages Decline Year-Over-Year

Real Wages Decline Year-Over-Year

Wages are not keeping up with consumer price inflation. The average worker is worse off than a year ago. In conjunction with the CPI report, the BLS also releases a Report on Real Earnings. All employees Real average hourly earnings for all employees were unchanged from June to July, seasonally adjusted, the U.S. Bureau of Labor […]
5 Of Friday’s Biggest Marijuana Stock Losers

5 Of Friday’s Biggest Marijuana Stock Losers

TM editors’ note: This article discusses one or more penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence.   Out of over 200+ marijuana stocks, here are just 5 of the biggest marijuana stock losers in trading on Friday, August 10th including AXIM Biotechnologies, Inc. (OTC: AXIM) and more…  AXIM Biotechnologies, Inc. (OTC: […]
5 Of Froday’s Biggest Marijuana Stock Losers

5 Of Froday’s Biggest Marijuana Stock Losers

TM editors’ note: This article discusses one or more penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence.   Out of over 200+ marijuana stocks, here are just 5 of the biggest marijuana stock losers in trading on Friday, August 10th including AXIM Biotechnologies, Inc. (OTC: AXIM) and more…  AXIM Biotechnologies, Inc. (OTC: […]
ECRI Weekly Leading Index Update – August 10, 2018

ECRI Weekly Leading Index Update – August 10, 2018

This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.8, up fractionally from the previous week. Year-over-year the four-week moving average of the indicator is now at 2.50%, down from 2.64% last week. The WLI Growth indicator is now at 0.6, also down from the previous week. […]