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Archives by Year:
E Market Briefing For Wednesday, Aug. 8
Sentiment remains skeptical and that’s contributed to ‘worry wall’ S&P climbing, which as noted last night, ‘can’ (but needn’t) extend much higher. I ponder whether moves like the Saudis investing in Tesla is somehow an effort to offset their immorality ‘reveal’ with implied threats against Canada, or for that matter contradictory swings in their oil price pronouncements. […]
E Wakeup Call – The Price Of Gold Is Headed Lower
A wakeup call can seem like quite a jolt when it happens, but, usually, we are grateful for it. And even if we didn’t ask for a wakeup call, it can still prove fortuitous. Maybe this will be the case for some of you when you read this. If you are a long-term holder of […]
Tesla: $420’s Way Too Cheap
If you read our Tesla (Nasdaq: TSLA) report on Thursday you’d agree that Elon Musk’s $420 bid is way too low. He knows it’s way too low that’s why he blames the short sellers to take his business private so suddenly. It’s really that the business is way too cheap. If you back into the S&X gross margins you get […]
Material ETFs Gaining On Solid Q2 Earnings
With the Q2 earnings season in high gear, almost all sectors are seeing busy trading sessions. In particular, the basic materials sector has been in the spotlight with earnings of about 49% of the total market capitalization that have reported so far up 42% on 11.7% revenue growth. Though earnings growth has been the fourth highest so […]
The Difference Between Austrians And Everyone Else — In One Easy Chart
From the standpoint of our analysis, it is clear that there are far greater similarities than possible differences between monetarists and Keynesians. Indeed Milton Friedman himself has acknowledged: “We all use the Keynesian language and apparatus. None of us any longer accept the initial Keynesian conclusions.” Peter F. Drucker, for his part, indicates that Milton […]
Consumer Credit, Taxes, And Revisions
Americans are eschewing credit cards in 2018. Outside of a big jump in revolving credit balances in May, through June 2018 the Federal Reserve reports only small gains in the total aggregate balance. Given, however, the propensity of this data to be significantly revised, we can’t really be sure as to what’s happened. With the […]
Low Interest Rates And High Valuations
“Lower interest rates justify a higher than average price-earnings valuation”. – Pundit You’ve heard the story before: Equity valuations are high… Interest rates are low… Data sources for all charts/tables herein: Robert Shiller (http://www.econ.yale.edu/~shiller/data.htm) Ergo, high valuations are “justified” by lower interest rates. Why? Some argue that because stocks are the present value of future cash flows, […]
Kforce – Chart Of The Day
The Barchart Chart of the Day belongs to Kforce (KFRC). Kforce.com is a full-service, web-based specialty staffing firm providing flexible and permanent staffing solutions for organizations and career management for individuals in the specialty skill areas of information technology, finance & accounting, human resources, engineering, pharmaceutical, healthcare, legal, e-solutions consulting, scientific and insurance and investments. Kforce offers web-based services including online […]
XRP, BTC Take A Hit As SEC Delays CBOE VanEck Bitcoin ETF
Previously we’ve talked about Bitwise, the San Francisco-based company that joined the race in launching the first cryptocurrency exchange-traded fund (ETF) filed with the U.S. Securities and Exchange Commission (SEC). They’re looking to launch an ETF that would track a basket of 10 cryptocurrencies, including bitcoin. In the meantime, though, others in the crypto ETF […]
After Taunting Shorts With Threats Of “Unreal Carnage”, Musk Buys Another $25MM In Tesla Stock
Elon Musk’s feud with Tesla shorts is not business, it’s just personal. One month ago, after lashing out at some vast, anti-Tesla conspiracy (technically, he has a point, Tesla (TSLA) is the most shorted US stock for good reason) in the aftermath of the company’s bizarre earnings call debacle Musk first warned shorts that “oh and […]
