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WTI Crude Enters Bear Market – Plunges To 7-Month Lows

WTI Crude Enters Bear Market – Plunges To 7-Month Lows

WTI Crude futures are down 20% from their early October highs, with the front-month contract back to a $61 handle at its lowest level since April. As more details emerged of US sanctions exemptions and the US-China trade war stoked concerns over slowing global growth that underpins energy consumption, WTI has plummeted… “The U.S. has for […]
Job Openings & Labor Turnover: Clues To The Business Cycle – Tuesday, Nov. 6

Job Openings & Labor Turnover: Clues To The Business Cycle – Tuesday, Nov. 6

The latest JOLTS report (Job Openings and Labor Turnover Summary), with data through September, is now available. From the press release: The number of job openings decreased to 7.0 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were both little  changed at 5.7 […]
Sector Heatmaps

Sector Heatmaps

Stock market rotation has been a pretty big theme this year but you wouldn’t necessarily know it from our sector performance heatmap. Below we show which sectors have the best and worst performances YTD over the course of the year. Three have been outperformers for most of the year: Consumer Discretionary, Health Care, and Technology. […]
Housing Supply And Prices For Amazon HQ2 Finalist Cities

Housing Supply And Prices For Amazon HQ2 Finalist Cities

from CoreLogic — this post authored by SHU CHEN There’s been endless analysis, comparisons and speculation ever since Amazon announced this January that it was considering 20 finalist cities for its second U.S. headquarters – a so-called HQ2 competition. In July, six economists and analysts from CoreLogic’s Office of the Chief Economist each picked a city […]
Sticky Gold Prices Met With Jump In Net-Short Interest

Sticky Gold Prices Met With Jump In Net-Short Interest

The recent rebound in gold appears to have stalled going into the U.S. mid-term election as the precious metal holds a narrow range, but there appears to be a more dynamic shift in market sentiment as the stickiness in the price for bullion spurs a jump in net-short retail interest. STICKY GOLD PRICES MET WITH JUMP IN […]
Bojangles To Be Acquired By Durational Capital, Jordan For $16.10 Per Share

Bojangles To Be Acquired By Durational Capital, Jordan For $16.10 Per Share

Bojangles’, Inc. announced that it has entered into a definitive agreement to be acquired by Durational Capital Management LP and The Jordan Company, L.P. Under the terms of the agreement, Durational Capital Management LP and The Jordan Company, L.P. will acquire the Company in an all cash transaction. Bojangles’ stockholders will receive $16.10 per share, […]
Apple Fails To Impress The Market

Apple Fails To Impress The Market

Last month has not been a good one for the stock market with both the Dow and Nasdaq 100 reporting steep declines. Nasdaq 100 was down 11% last month, making it the worst month since the 2008 financial crisis. Those expecting a rebound of the tech stocks were disappointed as Apple’s (Nasdaq: AAPL) lackluster performance added […]
Ralph Lauren (RL) Tops Q2 Earnings And Revenue Estimates

Ralph Lauren (RL) Tops Q2 Earnings And Revenue Estimates

Ralph Lauren (RL – Free Report) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.17 per share. This compares to earnings of $1.99 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.15%. A quarter ago, it was expected […]
Job Openings Tumble By 284,000, Still 1 Million More Than Unemployed Workers

Job Openings Tumble By 284,000, Still 1 Million More Than Unemployed Workers

After the Job Openings and Labor Turnover Survey (JOLTS) reported record prints for virtually every notable labor market series last month, in September there was a modest easing across the board. According to the BLS, after an upward revision in the August job openings from 7.136MM to 7.293MM, a record high, in September this number tumbled […]
Technically Speaking: Election Day & What Happens Next

Technically Speaking: Election Day & What Happens Next

In this past weekend’s newsletter, I noted Raymond James’ Kevin Giddis’ three possible outcomes for the mid-term elections: “What could a potential change do for bonds and stocks? There are many possible scenarios, so the devil is in the details. I will lay out a couple of them for you: 1) The Republicans could lose the House, or […]