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Archives by Year:
Exhibit A For No Growth
The Bureau of Economic Analysis (BEA) revised Q2 GDP to a 4.07464% continuously compounded annual rate from 4.13987%. More importantly, the BEA provided revised benchmark estimates for corporate profits. The good news is that the benchmark was higher. The bad news is that companies still aren’t making any money. All the revisions applied to long […]
Sector Watch: Keeping To A Bullish Narrative
Sectors bullish as a whole, but still with some notable laggards. Financials suck, I’ve played them sporadically throughout the year, and every time, the gains have meager. Energy I have been incredibly skeptical of, though I have played them with much more success, I have stood by on its current rally because the sector itself […]
Durable Goods Order Jump 4.5%, Almost Entirely On Aircraft
Durable goods orders jumped 4.5% in August. Excluding transportation, durable goods orders increased 0.1%. The Census Department report on Advance Durable Goods shows orders rose 4.5% in August. New Orders New orders for manufactured durable goods in August increased $11.1 billion or 4.5 percent to $259.6 billion, the U.S. Census Bureau announced today. This increase, up two […]
4 Top-Ranked Stocks To Ride The Consumer Confidence Wave
Consumer confidence in the country grew unexpectedly in September, following solid improvement in August, according to a report by the Conference Board. Consumers’ evaluation of current conditions remained extremely optimistic, as job and economy remained on a growth trajectory. Rising consumer confidence also indicates consumers’ limited concerns about their nation’s ongoing trade disputes with China […]
Trade Wars Could Collapse US Car Sales And Slash 715K Jobs: It Would Trigger A “Downward Cycle”
The most significant and dangerous risks stem from policymaking. And on top of the list is, of course, the protectionist crusade of the Trump administration to disrupt the post–World War II global economic order the US was instrumental in building. The impact of President Trump’s escalating trade war with China is already being felt, auto experts […]
Precious Metals
Here is how I see the precious metals situation. It’s one or the other of… US dollar declines short-term and the precious metals bounce with the rest of the anti-USD trade, or… US dollar rises (likely along with the Gold/Silver ratio) and the precious metals decline again into a real buying opportunity. It. Is. A. […]
Stocks Fall After Fed Hikes Rates
Stocks Fall – Bank Stocks Fall Along With Treasury Yields The action on Wednesday was interesting. Both the sectors that like rate hikes and the sectors that don’t like rate hikes did poorly. The financials like rate hikes. However, they fell 0.99%, possibly because the Fed removed the term ‘accommodative’ from the statement. This pushes […]
What Argentina Tells Us About America’s Future
MOLINOS, ARGENTINA – “Never interrupt an enemy when he is making a mistake,” said Napoleon. In the 1970s, two of America’s biggest rivals were making big mistakes. Russia had been operating a centrally planned economy since the 1920s. China took up central planning after World War II. Communist central planning was a curse to those […]
Weekly Unemployment Claims: Up 12K, Worse Than Forecast
Here is the opening statement from the Department of Labor: In the week ending September 22, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 12,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 201,000 to 202,000. The 4-week moving average was 206,250, […]
