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Amazon Crashes After Missing On Revenue, Poor Guidance

Amazon Crashes After Missing On Revenue, Poor Guidance

After two days of dramatic volatility in its stock, which saw the share price of Amazon first drop then soar by over $100, Jeff Bezos’ online retailing titan was expected to report blow out earnings, and while it indeed reported EPS which smashed expectations, it missed on revenue while guiding well below consensus, in a […]
Eastern Monetary Drought

Eastern Monetary Drought

Smug Central Planners Looking back at the past decade, it would be easy to conclude that central planners have good reason to be smug. After all, the Earth is still turning. The “GFC” did not sink us, instead, we were promptly gifted the biggest bubble of all time –in everything, to boot. We like to […]
An In-Debt Look At Bitcoin Lending: Is It Worth It?

An In-Debt Look At Bitcoin Lending: Is It Worth It?

As a crypto investor, you’ve undoubtedly stumbled upon Bitcoin lending platform ads. These platforms come in all different sizes and each with different procedures. Bitcoin lending first gained popularity in 2017 as the crypto market skyrocketed to new heights. The hype of last year’s crypto mania also created a prime environment for Bitcoin lending. Today, numerous […]
Weak Housing Market, Strong Markit PMI

Weak Housing Market, Strong Markit PMI

Weak Housing Market – MBA Mortgage Index Increases Week Over Week Homebuilder stocks suddenly are cratering. Also, banks are falling on worries that high mortgage rates will stifle demand for loans. Housing reports are the most important economic reports to review. There were three reports on Wednesday. First, we have the MBA mortgage applications index […]
$5 Billion Hedge Fund SPO Shutters: “We Find It Exceedingly Difficult To Deploy Capital”

$5 Billion Hedge Fund SPO Shutters: “We Find It Exceedingly Difficult To Deploy Capital”

While growth stocks are suffering one of their worst bouts in recent history, the recent rebound in “value” has come too late to help one venerable asset manager. According to Bloomberg, the Mill Valley, CA-based SPO Partners, a $5 billion hedge fund that’s managed money for almost five decades, is closing. The company which lists the […]
Pending Home Sales Increase In September

Pending Home Sales Increase In September

This morning the National Association of Realtors released the August data for their Pending Home Sales Index. Here is an excerpt from the latest press release: Lawrence Yun, NAR chief economist, says that even though we are still seeing year-over-year declines, the latest monthly increase is a good, stabilizing trend. “This shows that buyers are […]
AMD Selloff On Weak Sales Guidance Seen By Street As Overreaction

AMD Selloff On Weak Sales Guidance Seen By Street As Overreaction

Shares of AMD (AMD) are under pressure after the company’s revenue outlook for the fourth quarter missed consensus expectations. However, Northland analyst Auguste Richard upgraded the stock to Outperform as he believes the selloff in shares is “overdone”, an opinion shared by several other Wall Street analysts. RESULTS: Last night, AMD reported third-quarter earnings per […]
How Much Is The Fed Going To Raise Interest Rates?

How Much Is The Fed Going To Raise Interest Rates?

In December 2008, the Federal Reserve took the specific policy interest rate that it targets–the so-called “federal funds interest rate”–down to the range of 0% to .25%. The Fed then held the federal funds interest rate at this near-zero level for seven years, until December 2015. Since then, the Fed has raised the federal funds […]
Stronger Dollar Is Bullish Catalyst For Gold

Stronger Dollar Is Bullish Catalyst For Gold

The US$ index is breaking higher. It’s trading at 96.41 as we pen this. A daily close above 96.61 marks a new 52-week high and puts the dollar in position to eventually retest its bull market high at 104. If this strength continues then the relief rally in precious metals could be over. So why […]
The Biggest Of Big Pictures

The Biggest Of Big Pictures

I have had a request from Mrs. Macleod to write down in simple terms what on earth is going on in the world, and why is it that I think gold is so important in this context. She-who-must-be-obeyed does not fully share my interest in the subject. An explanation of the big picture is also […]