October 2018 - Page 65 of 262 -

Instead Of Boosting The Economy, This Has Increased U.S. Debt

Oct 24, 2018 Jeremy Parkinson Finance 0

iStock.com/relif The Tax Breaks’ Biggest Achievement Is to Have Increased the Risk of U.S Debt In a mere decade, Washington achieved what should have taken at least 80 years to achieve. The U.S. federal debt (U.S. debt, for short) increased by $11.0 trillion. In 2009, after the sub-prime crisis began, U.S. debt was about $10.0 […]

Trucking Improved In September 2018 – Depending On The Data Source

Oct 24, 2018 Jeremy Parkinson Finance 0

Headline data for truck shipments showed very different trends and growth rates – depending on the source of the data. Analyst Opinion of Truck Transport I tend to put heavier weight on the CASS index which continues to show a strong and upwardly trending rate of growth improvement year-over-year. CASS rate of improvement is 8.2 […]

Fed’s Survey Of Economic (Un)Well-Being

Oct 24, 2018 Jeremy Parkinson Finance 0

The Federal Reserve Report on the Economic Well-Being of U.S. Households in 2017 was recently released. The Federal Reserve Board’s Division of Consumer Affairs 5th annual Survey of Household Economics and Decisionmaking is designed to gain understanding of how adults in the U.S. feel about the state of their finances. A sample of 12,000 received the survey in […]

Earnings Cheat Sheet: 3 Tech Stocks To Crush The Market

Oct 24, 2018 Jeremy Parkinson Finance 0

We are now entering a critical period for tech stocks. Around one-third of the tech-heavy Nasdaq 100 reports in the coming days. This nifty calendar enables you to find stocks with upcoming earnings that have a ‘Strong Buy’ rating from the Street’s best-performing analysts. As well as the stock’s consensus rating, you can also filter […]

Macro Cheat Sheet – Wednesday, Oct. 24

Oct 24, 2018 Jeremy Parkinson Finance 0

A high-level distillation of the macro forces impacting various currencies. US Dollar Equity market volatility has not reached levels that will spur the Fed’s concern. No one expected a hike at next month’s meeting. The December meeting is too far way for short-term volatility to have any bearing. The volatility in Jan-Feb did not deter […]

New Home Sales Crash In September As Supply Soars

Oct 24, 2018 Jeremy Parkinson Finance 0

New Home Sales (SAAR) in September plunged to their lowest since Dec 2016, crashing 5.5% MoM (and revised dramatically lower in August)… Maybe Trump has a point on Fed rate hikes? Remember this is the first month that takes the impact of the latest big spike in rates – not good! This is a disastrous print: August’s […]

Clearest Reversal In Gold

Oct 24, 2018 Jeremy Parkinson Finance 0

Gold rallied yesterday, right before its turning point, and reversed its course before the end of the session. Precisely, even before the US session started. Miners reversed as well, after failing to move back above the late-2016 bottom. With the critical situation in the USD Index, and gold miners’ short-term underperformance (so far this week […]

General Dynamics (GD) Q3 Earnings Surpass Estimates

Oct 24, 2018 Jeremy Parkinson Finance 0

General Dynamics (GD – Free Report) came out with quarterly earnings of $2.89 per share, beating the Zacks Consensus Estimate of $2.74 per share. This compares to earnings of $2.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.47%. A quarter ago, it was expected […]

FHFA House Price Index: Real Index Up 0.07 Percent In August

Oct 24, 2018 Jeremy Parkinson Finance, No picture 0

The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for August. Here is the opening of the report: Washington, D.C. – U.S. house prices rose in August, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The […]

Bank Of Canada (BoC) Preview: Dovish Rate-Hike To Fuel USD/CAD Strength

Oct 24, 2018 Jeremy Parkinson Finance, No picture 0

TRADING THE NEWS: BANK OF CANADA (BOC) INTEREST RATE DECISION The Bank of Canada (BoC) meeting may shake up the near-term outlook for USD/CAD as the central bank is expected to increase the benchmark interest rate to 1.75% from 1.50%. A 25bp rate-hike paired with a hawkish policy statement may trigger a bullish reaction in the Canadian dollar as […]