Archives by Month:

Archives by Year:

TLT-ing Lower

TLT-ing Lower

Unrelated to anything else I’m about to say: the two biggest cultural influences of my life are (a) Star Trek, the original series and (b) Monty Python’s Flying Circus. I mention this because Netflix now has just about everything related to Monty Python you can imagine, including a wonderful documentary I’m watching now called Almost the Truth. If […]
China’s Economy Is Not Crashing, It’s Worse Than That

China’s Economy Is Not Crashing, It’s Worse Than That

China’s economy is not crashing. Hyperbole works both ways. Last year and this, the smallest increment above a prior number was broadcast out as the greatest thing ever (US wage growth in particular), irrefutable proof of globally synchronized growth. Now that that’s over with, largely, there will be a tendency toward the other extreme. The […]
Existing Home Sales Drop 6th Consecutive Month

Existing Home Sales Drop 6th Consecutive Month

Existing home sales declined 3.4% in September. This was the 6th month and the 5th month below the consensus estimate. The NAR reports Existing-Home Sales Decline Across the Country in September. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent from August to a seasonally adjusted rate […]
US Dollar Softens At Resistance As Dow, S&P Attempt To Stabilize

US Dollar Softens At Resistance As Dow, S&P Attempt To Stabilize

US DOLLAR PULLS BACK FROM KEY RESISTANCE AT OCTOBER HIGHS The US Dollar is pulling back from a key resistance level this morning after what’s become a really strong week. It didn’t start out that way, however, as Tuesday brought upon a test through support at 95.00 that was followed by a very visible showing from bulls […]
US Business Cycle Risk Report – Friday, Oct. 19

US Business Cycle Risk Report – Friday, Oct. 19

The US economic trend remains solidly positive, but signs of slowing growth persist. For now, the risk of recession remains virtually nil and it’s unlikely that a downturn will start in the immediate future, according to broad set of indicators. But projections for next year, which remain highly speculative at this point, suggest that recession […]
Why Is Watson Failing To Deliver For IBM?

Why Is Watson Failing To Deliver For IBM?

It has been a few years since IBM (Nasdaq: IBM) started talking about its turnaround strategy. Recently reported disappointing third-quarter results have not pleased its investors. The market is losing patience, and the stock reported the biggest decline in the last four years, tumbling to early 2016 levels. IBM’s Financials Revenues for the quarter fell […]
Rail Week Ending Saturday, October 13: Growth Rate Slowing

Rail Week Ending Saturday, October 13: Growth Rate Slowing

Week 41 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. Analyst Opinion of the Rail Data Rail continues to have relatively good growth seems to be running out – and the overall rate of growth in 2018 has slowly decelerating. […]
Here Comes The Stock Market’s Retest

Here Comes The Stock Market’s Retest

Over the past 2 days, I’ve been demonstrating quantitative studies about why the U.S. stock market will probably retest its lows (here and here). The retest wave is happening right now. With that being said, here’s why the retest wave probably isn’t over yet (i.e. more short-term selling), but why you should increasingly focus on risk: reward. […]
Honeywell Beats On Q3 Earnings, Lowers 2018 EPS View

Honeywell Beats On Q3 Earnings, Lowers 2018 EPS View

Honeywell International Inc. (HON – Free Report) reported better-than-expected results for third-quarter 2018. Earnings & Revenues Adjusted earnings in the reported quarter were $2.03 per share, outpacing the Zacks Consensus Estimate of $1.99. The bottom line also improved 16.7% year over year. This upside primarily stemmed from the company’s stellar operational performance during the reported quarter. Revenues of […]
Existing-Home Sales Decline In September, Lowest In Almost 3 Years

Existing-Home Sales Decline In September, Lowest In Almost 3 Years

This morning’s release of the September Existing-Home Sales was down from the previous month’s revised figure to a seasonally adjusted annual rate of 5.15 million units. The Investing.com consensus was for 5.30 million. The latest number represents a 3.4% decrease from the previous month and a 4.1% decrease year-over-year. Here is an excerpt from today’s report from […]