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The Civilian Labor Force, Unemployment Claims And The Business Cycle – Wednesday, March 14

The Civilian Labor Force, Unemployment Claims And The Business Cycle – Wednesday, March 14

Note: We’ve updated this commentary to include the latest labor force data in Friday’s employment report. Every week we post an update on new unemployment claims shortly after the BLS report is made available. Our focus is the four-week moving average of this rather volatile indicator. The financial press generally takes a fairly simplistic view of the latest […]
Bear Of The Day: Caesarstone (CSTE)

Bear Of The Day: Caesarstone (CSTE)

Caesarstone (CSTE – Free Report) is a $750 million maker of engineered quartz surfaces such as countertops, vanities, wall cladding, floors and other interior surfaces. The Israel-based company was identified as a Zacks #5 Rank Strong Sell in June of last year when shares were trading $38. It has fallen 45% since then. And the downward trend of […]
Equifax Executive Charged With Insider Trading

Equifax Executive Charged With Insider Trading

Looks like Democratic Senator Heidi Heitkamp is getting her wish. After demanding that “somebody needs to go to jail” during a Congressional hearing about the Equifax breach late last year, the Department of Justice on Wednesday charged Jun Ying, the former chief information officer of one Equifax business unit, with insider trading, claiming he knowingly sold shares […]
January 2018 Headline Business Sales Declined, Inventories Grew

January 2018 Headline Business Sales Declined, Inventories Grew

Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) shows little change in the rate of growth. Analyst Opinion of Business Sales and Inventories Inventories are elevated this month. Our primary monitoring tool – the 3 month rolling averages for sales – was little changed and remains in expansion. As the monthly […]
Key Takeaways From The UK Spring Forecast

Key Takeaways From The UK Spring Forecast

The Great Britain Pound jumped against its global peers following the Spring Forecast by Phillip Hammond. The currency jumped by 0.60%, 0.50%, 0.15%, and 0.63% against the Chinese Yuan, Dollar, Euro, and Japanese Yen respectively. In his statement today, Philip Hammond talked about many things but the most notable was his statement about the country’s […]
Interest Rates Starting To Rollover At 25-Year Resistance

Interest Rates Starting To Rollover At 25-Year Resistance

This 2-pack looks at 10-year & 30-year yields over the past 30-years. Both have remained inside of falling channel (A) over the past 25-years. The interest rate rally over the past two years has both of them testing 25-year falling resistance at each (1). A close-up view of each reflects that both hit channel resistance and are now attempting “rolling over” at each […]
AUD/USD Rate Eyes February High Following Dismal U.S. Retail Sales

AUD/USD Rate Eyes February High Following Dismal U.S. Retail Sales

AUD/USD RECOVERY GATHERS PACE FOLLOWING UPBEAT CHINA DATA, DISMAL U.S. RETAIL SALES The near-term recovery in the Australian dollar appears to be gathering pace, with AUD/USD on track to test the February-high (0.7989) as it extends the series of higher highs & lows from earlier this week. Fresh data prints coming out of the global economy has […]
Billion Dollar Unicorns: Does New Relic Plan To Consolidate The APM Market?

Billion Dollar Unicorns: Does New Relic Plan To Consolidate The APM Market?

According to Gartner, the global application performance monitoring (APM) market is estimated to grow to $5.6 billion by 2020. Billion Dollar Unicorn New Relic (NYSE: NEWR) recently announced its third quarter results. The market is extremely pleased with the company’s performance. New Relic’s Financials For the quarter, New Relic’s revenues grew 35% to $91.83 million, ahead of the analysts’ […]
US City-By-City Home Price Levels — Gains From Crisis Lows, Distance From Bubble Highs

US City-By-City Home Price Levels — Gains From Crisis Lows, Distance From Bubble Highs

We like to provide an update on trends in US home prices every few months based on the monthly release of the S&P/Case-Shiller home price indices. While the data has a 2-month lag, it’s still helpful for tracking longer-term trends in real estate prices from city to city across the US. The first chart below […]