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ISM Manufacturing Index Nudges Up In September: 3 Fund Picks

ISM Manufacturing Index Nudges Up In September: 3 Fund Picks

The Institute for Supply Management (ISM) stated that its manufacturing index increased for the 113th month on the trot in September. Such an increase was achieved on the back of robust demand. Despite trade war remaining a concern for factories, manufacturing activities improved steadily, indicating that the U.S. economy has remained largely resilient. Under such […]
USD/SGD Testing Key Resistance Ahead Of NFP

USD/SGD Testing Key Resistance Ahead Of NFP

Experienced traders call the bond market the “smartest” of all the asset-level markets, and based on the moves we’re seeing in the US bond market, the smart traders have definitely picked up on something this week. Yesterday, Fed Chair Powell noted that the central bank was “a long way” from neutral interest rates and may […]
Four Reasons Why The Dollar Strength Could Last

Four Reasons Why The Dollar Strength Could Last

The US dollar continued to rise after the Fed statement last week. Yesterday, the upward trend continued after Automatic Data Processing (ADP) released the private payrolls for September. The data was upbeat. In the month, the economy created more than 232K jobs which were higher than the expected 187K. Soon afterwards, the Institute of Supply […]
Don’t Worry – The Bull Market Is Still On

Don’t Worry – The Bull Market Is Still On

No Change to the Bullish Playbook So far, the economy is moving as we expected: Fed raised rates and remains hawkish (aka more rate hikes coming) Trump’s economic sabre rattling is working. Canada folded this weekend and re-negotiated the NAFTA deal. That makes new trade deals with South Korea, Mexico and Canada. Even China started […]
Stocks Sink As Tech Tumble Trumps Banks Bid, High Yield Bonds Hammered

Stocks Sink As Tech Tumble Trumps Banks Bid, High Yield Bonds Hammered

US equity markets are extending their Powell-plunge losses from after the close last night as FANG stocks (and tech broadly) is tumbling as banks are bid for a change. Almost 70% of S&P stocks are lower…but it’s Nasdaq that is getting hammered… Small Caps are still worst on the week/month…  FANG stocks no-bid… But banks […]
Constellation Brands Q2 Earnings Beat, FY19 EPS View Up

Constellation Brands Q2 Earnings Beat, FY19 EPS View Up

Constellation Brands Inc. (STZ – Free Report) delivered stellar second-quarter fiscal 2019 results, wherein the top and bottom line surpassed estimates and improved year over year. Also, the company’s earnings reverted to its 14-straight quarters of positive streak after a miss in the previous quarter, with third positive sales surprise. As a result, management raised its earnings guidance […]
Jobless Claims Move Back Down

Jobless Claims Move Back Down

After a week where jobless claims ‘surged’ to 215K, this week they resumed their downward trend falling to 207K versus expectations for a reading of 215K. This now makes it a record 187 straight weeks that claims have been at or below 300K, 52 straight weeks that they have been at or below 250K (longest […]
Snap Slides After Analysts Cut Price Targets On Decelerating User Trends

Snap Slides After Analysts Cut Price Targets On Decelerating User Trends

Shares of Snap (SNAP) are falling after two analysts cut their price targets for shares to $7 citing decelerating user trends. DECELERATING TRENDS: On Thursday, Evercore ISI analyst Anthony DiClemente lowered his price target for Snap to $7 from $9 given decelerating trends, management turnover, and competitive threats. The analyst told investors in a research […]
September 2018 Job Cuts Again Jump

September 2018 Job Cuts Again Jump

from Challenger Gray and Christmas Changes in consumer finance led to a 44 percent surge in job cut announcements in September, as U.S.-based employers planned to cut 55,285 from their payrolls. ​ Last month’s total is 43.7 percent higher than the 38,472 cuts announced in August and 70.9 percent higher than the 32,346 cuts announced […]
We Should Ditch GDP As A Measure Of Economic Activity

We Should Ditch GDP As A Measure Of Economic Activity

This article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an increase in GDP as economic growth owes its meagre validity to imprecise definition. An economy does not grow, only the quantity of fiat currency deployed grows. A successful economy progresses our condition, our […]