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Thanks To Bank Loans

Thanks To Bank Loans

As Thanksgiving Day approached, we took the measure of the markets in hopes of finding something for which we could give thanks. Lemme tell ya, folks: Pickin’s are pretty slim. No matter how you slice the equity market—domestic or international, growth or value, utilities or industrials—it seems that all sectors are in the red for […]
Existing-Home Sales Up In October After 6 Months Of Declines

Existing-Home Sales Up In October After 6 Months Of Declines

This morning’s release of the October Existing-Home Sales was down from the previous month’s revised figure to a seasonally adjusted annual rate of 5.22 million units. The Investing.com consensus was for 5.30 million. The latest number represents a 3.4% decrease from the previous month and a 4.1% decrease year-over-year. Here is an excerpt from today’s report from […]
Billion Dollar Unicorns: RingCentral Counting On Acquisitions And AI Upgrades

Billion Dollar Unicorns: RingCentral Counting On Acquisitions And AI Upgrades

According to a Mordor Intelligence report published recently, the global telecom cloud market is estimated to grow 20% annually over the next five years to become a $34.6 billion industry by 2023. The researcher pegged the market at $12.5 billion in 2017. The growth in the market is expected to be driven by the demand for […]
Sector Performance Since The 9/20 Peak; Best And Worst Performing Stocks

Sector Performance Since The 9/20 Peak; Best And Worst Performing Stocks

Below we show the average change of stocks in each Russell 1,000 sector from the start of 2017 through the 9/20 equity market peak compared to the average change since the 9/20 peak. For all stocks in the Russell 1,000, the average stock gained 34.4% from the start of 2017 through 9/20. Since 9/20, the […]
Silver Continues To Rise As It Heads Towards $14.6

Silver Continues To Rise As It Heads Towards $14.6

The ongoing volatility in the world’s stock market has led to an opening in safe havens. Bonds have risen as traders move to safety. The same is true with gold, Swiss Franc, the US dollar, and the Japanese Yen. In the past week, gold has had six consecutive days of gains. As this has happened, […]
Japan Governance: Pride And Punishment

Japan Governance: Pride And Punishment

The Tokyo public prosecutors’ arrest of Nissan’s Carlos Ghosn underscores a key principle of Japanese corporate governance: greed and manipulation for personal gain will not be tolerated. The arrest comes at a time when the leading business lobby, Keidanren, has embarked on an ambitious agenda for executive management and CEO leadership reform that focuses on […]
EUR/USD Price Outlook: Euro Threatens Breakout– Levels To Know

EUR/USD Price Outlook: Euro Threatens Breakout– Levels To Know

Euro has rallied more than 1.6% against the US Dollar since the yearly/monthly lows with price carving out a well-defined weekly opening-range just below technical resistance. Its decision time for the bulls- here are the updated targets and invalidation levels that matter on the EUR/USD charts. EUR/USD DAILY PRICE CHART Technical Outlook: In our latest EUR/USD Weekly Technical Outlook we noted […]
November 2018 Market Update – Trade War + Bitcoin

November 2018 Market Update – Trade War + Bitcoin

Stay calm. All is well in the markets. Remember this time last year Trump unleashed a massive tax cut. The tax cuts are what sparked the sugar rush of spending to this day. But things aren’t as powerful anymore on a year-over-year (yr/yr) perspective. Add in the blowback from tariffs and a whiff of uncertainty […]
Four Follow-Ups: Scandinavia, Equal Opportunity, Brexit, Leveraged Lending

Four Follow-Ups: Scandinavia, Equal Opportunity, Brexit, Leveraged Lending

I sometimes run across articles that offer an additional follow-up on topics about which I’ve previously posted, or stories in the news that remind me of earlier posts. Here, I’ll just offer short follow-ups on an eclectic set of four topics: The Scandinavian style of capitalism,  Economic gains from in equal opportunity The news about […]
Realtors Urge Fed To Stop Hiking As Existing Home Sales Slump Most Since 2014

Realtors Urge Fed To Stop Hiking As Existing Home Sales Slump Most Since 2014

Despite a modestly better than expected 1.4% MoM rise (after September’s 3.4% slump), existing home sales slumped 5.1% year-over-year – the biggest drop since 2014. A blip higher in SAAR… Regionally, The West is suffering the most… Existing-home sales in the Northeast increased 1.5% to an annual rate of 690,000, 6.8% below a year ago. […]