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Three Little Words

Three Little Words

Lifetime. Highs. Everywhere. For the most bearish month of the year, September is doing one lousy job. I guess all the chatter you’ve seen here on Slope about 3000 on the S&P (not from me…) might just materialize sooner than imagined. But just look at these…….. Seem awfully similar, don’t they? Which probably explains why we should at […]
Hourly Earnings Growth Is Positive Again

Hourly Earnings Growth Is Positive Again

Hourly Earnings Growth – Real Wage Growth Is Positive Again Inflation missed estimates as CPI fell from 2.9% year over year to 2.7%. Hourly earnings growth was 2.9% which was a cycle high. Therefore, it’s not surprising real wage growth switched from negative to positive in August. As you can see from the chart below, […]
Dow Does All The Leg Work; Indices Recover Breakdowns

Dow Does All The Leg Work; Indices Recover Breakdowns

Solid gains across the board but it was holders of Dow Jones stocks which had the best of the action, continuing a sequence of gains triggered earlier this week. The Dow Jones Industrial Average will soon be dealing with channel resistance but not until Friday if not early next week. Technicals are good. The benefit […]
Homebuilder ETFs In Focus As Starts Jump, Permits Fall

Homebuilder ETFs In Focus As Starts Jump, Permits Fall

The struggling homebuilding industry heaved a sigh of relief after housing starts data for August came in above expectations and saw the biggest increase in seven months. U.S. housing starts climbed 9.2% to a seasonally adjusted annual rate of 1.28 million units. The solid data came after a decline of 0.3% in July and 11.4% […]
Ge Drops After Issue With New Turbines Revealed

Ge Drops After Issue With New Turbines Revealed

Shares of General Electric (GE) dropped sharply in morning trading after a company executive confirmed an issue with a line of turbines, prompting a JPMorgan analyst to lower his price target on shares. TURBINE PROBLEM: GE Power Chief Executive Officer Russell Stokes said in a blog post on LinkedIn that the company recently identified an […]
Household Wealth Hits A Record $107 Trillion… There Is Just One Catch

Household Wealth Hits A Record $107 Trillion… There Is Just One Catch

In the Fed’s latest Flow of Funds report released at noon today, the Fed released the latest snapshot of the US “household” sector as of June 30, 2018. What it revealed (alongside major historical revisions) is that with $122.7 trillion in assets and a modest $15.7 trillion in liabilities, the net worth of US households rose to an […]
August 2018 Headline Existing Home Sales Continue In Contraction Year-Over-Year

August 2018 Headline Existing Home Sales Continue In Contraction Year-Over-Year

The headline existing home sales growth was unchanged with the authors saying “With inventory stabilizing and modestly rising, buyers appear ready to step back into the market”. Our analysis shows home sales three month rolling average is in contraction year-over-year. Analyst Opinion of Existing Home Sales The rolling averages have been slowing since the beginning […]
Play 4 Asian Funds On North Korea’s Denuclearization

Play 4 Asian Funds On North Korea’s Denuclearization

The resolve to improve mutual relationship between North Korea and its southern counterpart took a step further on Sep 19. Leaders from North and South Korea finally agreed on denuclearizing North Korea in an accord. Further, the Asia Development Bank remains upbeat about the outlook for Asia’s economy through 2019. Additionally, the Bank of Japan […]
Eurozone Consumer Confidence Disappoints Again

Eurozone Consumer Confidence Disappoints Again

The preliminary reading of the European Commission’s Eurozone consumer confidence for September fell for the fourth month in a row to -2.9 from -2.0 in August. Although not as big a miss as August’s report, this was the second weaker than expected report in a row. The last time consumer confidence was this low was in May […]
September Bean & Corn Stocks

September Bean & Corn Stocks

Market Analysis Traditionally, September’s grain stock reports were non events. These reports generally confirmed the USDA’s and trade’s corn and soybeans old-crop ending stocks expectations that were posted earlier that month. However, this began changing in the late 2000s with crop quality, crop size and crop development impacting these final stocks vs. the trade ideas. […]