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Archives by Year:
October Jobs Report: 250K New Jobs, Unemployment Rate At 3.7%
This morning’s employment report for October showed a 250K increase in total nonfarm payrolls, which was much better than forecasts. The unemployment rate remained at 3.7%. The Investing.com consensus was for 193K new jobs and the unemployment rate to remain at 3.7%. Here is an excerpt from the Employment Situation Summary released this morning by the Bureau of Labor […]
Weekend Reading: October Exposed The Passive Problem
I have written about the “problem with passive” previously which mostly fell on “deaf ears.” Such should not be surprising after one of the longest advances in market history with virtually no volatility in 2017. However, as they say, “payback is a bitch.” This year started off with a January rush higher followed immediately by a 2-week sell-off that wiped […]
Alibaba Posts Bottom Line Beat
Alibaba reports quarterly earnings of 9.60 RMB per share and revenues of 85.148 billion RMB.
E In The Moment
Being present emotionally, intellectually and spiritually requires effort. Meditation, exercise, diet, and communion – these all are part of the fullness of human experience and time but all require work. The natural state is entropy and markets are no different. Only work can keep a trend intact. The problem with living only in the moment, […]
Surge Retrace Relax
Traditional Markets Markets are flying high today in response to some much-needed clarity on America’s trade war with China. Apparently, Trump & Jinping spoke on the phone last night and patched things up. However, several commentators and analysts have pointed out that this entire episode could be a charade in preparation for the upcoming mid-term elections in the […]
Morning Call For Friday, Nov. 2
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.82%) this morning are up +0.77% and European stocks are up +1.14%, both at 1-1/2 week highs, on optimism the trade conflict between the U.S. and China will soon be resolved. President Trump reportedly asked key cabinet secretaries to draw up a draft to signal a ceasefire in […]
Gold Edges Higher As Dollar Retreats
Gold prices rose $17.96 an ounce on Thursday, snapping a three-day losing streak, as the dollar fell and U.S. Treasury yields pulled back. The U.S. dollar index posted sharp losses on a corrective pullback after hitting a 16-month high Wednesday. The Institute for Supply Management (ISM) reported that its index of national factory activity dropped […]
Apple Downgraded To Neutral On Near-Term Headwinds At BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Wamsi Mohan downgraded Apple (AAPL) to Neutral from Buy following its Q4 earnings report, citing his concern that there are likely to be further negative estimate revisions. He see near-term pressure on Apple shares driven by iPhone unit pressure from weakening emerging markets, deceleration in Services given weakening […]
Risk Premia Forecasts: Major Asset Classes – Friday, Nov. 2
The projected risk premium for the Global Market Index (GMI) fell to an annualized 4.5% in October, down from 5.0% in the previous month’s outlook. This estimate for GMI (an unmanaged market-value-weighted portfolio that holds all the major asset classes) reflects the ex ante premium over the projected “risk-free” rate for the long run. Adjusting for short-term momentum […]
Rail Week Ending Saturday, October 27: A Better Week But…
Week 43 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. Unfortunately, the economically intuitive element’s growth rate is well below economic growth. Analyst Opinion of the Rail Data Rail’s good growth seems to be running out – and the overall […]
