October 2018 - Page 55 of 262 -

Core Durable Goods Stagnate But War Spending Surge Saves Headline

Oct 25, 2018 Jeremy Parkinson Finance 0

After a big surprise jump in August, preliminary durable goods orders for September were expected to drop 1.5% MoM but surprised to the upside with a modest 0.8% rise. However, ex-transports, durable goods orders have stagnated for five months… Headline looks ‘ok’… But Ex-Transports it has gone nowhere… With Capital Goods Orders non-defense, ex-aircraft down for […]

Dow Extends Losses. And Gold?

Oct 25, 2018 Jeremy Parkinson Finance 0

600 points. Dow plunged so much yesterday. The S&P 500 and Nasdaq also suffered. The persistence of losses is disturbing. Should, then, gold shine? Bears Are Back in Town The stock market sell-off continues. Yesterday, the Dow Jones Industrial Average dropped more than 600 points. It means that the index erased all of its 2018 gains, as […]

Draghi Does Not Rock The Boat, EUR/USD At The Mercy Of Markets

Oct 25, 2018 Jeremy Parkinson Finance, No picture 0

The ECB’s Draghi drew a balanced picture of the economic situation. He was slightly more positive than negative, supporting the Euro. The next moves depend on Italy, stocks, and other events. The European Central Bank left its policy unchanged as broadly expected. ECB President Mario Draghi described risks as broadly balanced. He maintained his slightly […]

Twitter (TWTR) Tops Q3 Earnings And Revenue Estimates

Oct 25, 2018 Jeremy Parkinson Finance 0

Twitter (TWTR – Free Report) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that […]

Draghi Sticks To Guns, Disappointing The Doves

Oct 25, 2018 Jeremy Parkinson Finance 0

ECB President rebuffed calls for a reconsideration of policy in light of the disappointing string of economic data. Bunds have sold off and the euro firmed in the initial reaction to Draghi’s press conference. He acknowledged that the economic data have come in “somewhat weaker” than expected, but consistent with the ECB’s outlook. Draghi suggested […]

Indicator Suggesting Another 20% Decline?

Oct 25, 2018 Jeremy Parkinson Finance 0

Many savvy investors look at the NYSE Composite to gauge the health of the broader market. With the markets in correction mode, we will look at this broad-based stock index for clues about the stock market correction. In the chart below, you can see that the NYSE Composite has foretold stock market correction with “hanging man” monthly candlesticks. This […]

Headline Durable Goods Orders Up 0.8% In September

Oct 25, 2018 Jeremy Parkinson Finance, No picture 0

The Advance Report on Manufacturers’ Shipments, Inventories, and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau’s summary on new orders: New orders for manufactured durable goods in September increased $2.0 billion or 0.8 percent to $262.1 billion, the U.S. Census Bureau announced today. This increase, […]

American Airlines (AAL) Surpasses Q3 Earnings And Revenue Estimates

Oct 25, 2018 Jeremy Parkinson Finance 0

American Airlines (AAL – Free Report) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.89%. A quarter ago, it was expected […]

An Update On Yield Curve Dynamics

Oct 25, 2018 Jeremy Parkinson Finance 0

The bond market is behaving in totally typical fashion in response to the Fed raising interest rates. Typically the yield curve doesn’t invert because long duration yields come down to short duration yields. Rather, *all* durations of yields rise. It’s just that shorter duration yields rise faster, and ultimately overtake longer duration yields. Here’s the […]

Up For A Change

Oct 25, 2018 Jeremy Parkinson Finance 0

Dow futures are indicating a positive open of over 200 points this morning, and while that sounds great at the service, it would only bring us back to levels we were at fifteen minutes before the close yesterday! To get back to levels we were at yesterday at 3PM, we would need to rally an […]