Archives by Month:
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
BEA Revises 2nd Quarter 2018 GDP Growth Upward To 4.23%
In their second estimate of the US GDP for the second quarter of 2018, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +4.23% annual rate, up +0.16% from their previous estimate and up +2.01% from the prior quarter. None of the reported revisions were material. The growth rate for consumer […]
Dick’s Sporting Falls After Reporting Q2 Results, Under Armour Sales Decline
Dick’s Sporting (DKS) is dropping after reporting second-quarter earnings and noting “continued significant declines in Under Armour (UA, UAA) sales”. EARNINGS: On Wednesday, Dick’s Sporting reported Q2 earnings per share of $1.20 on revenue of $2.18B, which compared to analyst estimates of $1.06 and $2.24B, respectively. In addition, the company said adjusted for the calendar […]
What’s On Peoples’ Minds? Not Inflation
There are a few pretty good indications that inflation hysteria is long dead. Since this was one of the more extreme forms, it’s also relevant in parsing any shift from reflation back to deflation. There are any number of markets suggesting as much already. Still, this one really has to sting for sunny, confident Jerome […]
How To Make A Billion Bucks
There are a couple of seemingly unrelated events approaching. First, in a few weeks, there is the 17th anniversary of the terrorist attacks of September 11, 2001. Second, it seems nearly inevitable that Amazon will become the world’s second trillion dollar company, following in AAPL’s footsteps. I guess they are going in alphabetical order. I was curious what […]
Gold Price Reversal Gaining Legitimacy
With the US Dollar in the midst of its worst stretch of the year – having lost ground in nine of the last 10 sessions, today included – Gold prices have been able to post a meaningful rebound from their yearly lows. As discussed last week, the US Dollar is the single most important factor driving […]
Hype Cycle Puts Blockchain In Perspective
Deloitte has been busy feeding the negative blockchain news cycle. It recently published the results of a survey of more than 1,000 “blockchain savvy” managers. The survey found 40% of them were “wary” of blockchain’s efficacy. In the U.S., 44% were skeptical. Two years ago, only 34% expressed skepticism. It gets worse. In the U.S., […]
The Three Largest Cryptocurrencies – Wednesday, August 29
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
Youth Retailers Fall After Peer American Eagle Tumbles
Shares of youth oriented retailers are lower in afternoon trading after peer American Eagle (AEO) reported quarterly earnings and guidance. OUTLOOK DISAPPOINTS: Despite reporting second-quarter results that were higher than consensus estimates, shares of American Eagle are lower after the company projected third-quarter profit of 45c-47c against analyst estimates of 49c. PRICE ACTION: Shares […]
5 ETFs To Buy As Consumer Confidence Surges To 18-Year High
Despite the worries over Trump’s protectionist trade policy, Americans continue to be optimistic as evident from 18-year high consumer confidence in August. The Consumer Confidence Index, by the Conference Board, jumped to 133.4 – the highest level since October 2000 – from the revised 127.9 in July and is much above the expected 126.6. The […]
As Yuan Turns More Volatile Than Euro, Turnover Soars
Guess what? Folks are trading the yuan. Over the last three months, markets have been at pains to discern what the controlling factor is for the Chinese currency’s rapid depreciation. To be sure, everyone can make a list of the contributing factors, it’s just a matter of deciding which one takes precedence. The narrative here is simple. […]
