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Papa John’s Reports Q3 Adjusted EPS 20c, Consensus 22c

Papa John’s Reports Q3 Adjusted EPS 20c, Consensus 22c

Reports Q3 revenue $364.007M, consensus $393.68M. Steve Ritchie, President and CEO of Papa John’s said, “During the quarter, we took important actions resulting in improved consumer sentiment and North America comp sales that were slightly ahead of expectations. While the operating environment remains challenging, these early indicators combined with our strong cash flow give us […]
Stocks And Precious Metals Charts – Midterm Election Day

Stocks And Precious Metals Charts – Midterm Election Day

Today is the midterm election day in the US.  Thanks be to God, that this is almost over, and the calls and visits and smarmy TV ads will stop, at least for a little while. The market seems to be pricing in a split decision, with the Democrats taking the House, and the GOP hanging […]
WTI Extends Losses After Big Surprise Crude Build

WTI Extends Losses After Big Surprise Crude Build

WTI plunged to a $61 handle, and 7-month lows, ahead of tonight’s API inventory data as trade war anxiety raised global demand fears and Iran sanctions exemptions lifted supply concerns. “Oil prices don’t have any real reason to rally significantly,” said Phil Streible, senior market strategist at R.J. O’Brien & Associates LLC in Chicago.   And things […]
Market Talk – Tuesday, Nov. 6, 2018

Market Talk – Tuesday, Nov. 6, 2018

Asia closed mixed but did see some corrections from Monday’s almost extreme moves. In Japan, the Nikkei opened around 1% better and gradually managed to build upon those gains. Although closing up 1.15% led by pharmaceuticals, industrials and commodity companies we should still see things from the point of view in that, they many are […]
Near Term Catalysts For The Gold Sector

Near Term Catalysts For The Gold Sector

(Audio length 00:11:10) David Erfle, The Junior Miner Junky joins me to outline the near term catalysts for the gold market. Unfortunately, most of these catalysts he sees are negative for the sector but if you employ the right strategy will prove to be great for your portfolio. Capital preservation right now is important while […]
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                        BoC Pushes Back

E BoC Pushes Back

A Very Defensive Bank of Canada Governor Takes Issue with His Critics Several critics, including this author[1], have taken issue with the Bank of Canada signaling that the bank rate should continue to rise to 3 percent from its current level of 1.75 percent.  The Governor makes the argument that economic growth is ‘solid’, thus […]
BoJ On 2.3%: ‘The Decline In The Unemployment Rate Is Insufficient’

BoJ On 2.3%: ‘The Decline In The Unemployment Rate Is Insufficient’

The 21st-century central banker is a unicorn chaser. This has happened by default, a product of too little success despite ever-increasing interventions. In fact, the bigger these policy intrusions become the more likely it is the central bankers will attempt to turn something small into something big. It doesn’t matter that economies are noisy by […]
Treasury Yields: A Long-Term Perspective – Tuesday, Nov. 6

Treasury Yields: A Long-Term Perspective – Tuesday, Nov. 6

Let’s have a look at a long-term perspective on Treasury yields as of the October 26 close. The chart below shows the 10-Year Constant Maturity yield since 1962 along with the Federal Funds Rate (FFR) and inflation. The range has been astonishing. The stagflation that set in after the 1973 Oil Embargo was finally ended […]
Slowing New Zealand Employment To Curtail NZD/USD Rate Recovery

Slowing New Zealand Employment To Curtail NZD/USD Rate Recovery

Updates to New Zealand’s Employment report may undermine the recent recovery in NZD/USD as job growth is expected to increase 2.0% after expanding 3.7% per annum in the second-quarter of 2018. Signs of slowing employment is likely to keep the Reserve Bank of New Zealand (RBNZ) on the sidelines as ‘downside risks to the growth outlook remain,’ […]
Homebuilder Bounce

Homebuilder Bounce

After performing miserably all year, homebuilders stopped going down in mid-September and have rallied close to 10% since. While the iShares Home Construction ETF (ITB) is still down sharply YTD and well below both its 50 and 200-day moving average (DMA), the fact that it finally caught a bid and made a low before the S&P […]