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Pre-USDA March Report

Pre-USDA March Report

Market Analysis The upcoming March World Production and Supply/Demand revisions will be released on March 8. The USDA hasn’t traditionally made many changes in their US & World Supply/Demand reports this month. The USDA usually likes to see its March quarterly stocks reports before making domestic demand changes. This year’s erratic S. American weather where […]
Market Remains Overvalued – Monday, March 5

Market Remains Overvalued – Monday, March 5

Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of […]
Trade Wars: Two Sides To Every Story

Trade Wars: Two Sides To Every Story

The purpose of this article is to objectively examine trade policy and its impact on the economy. While there will be a discussion of government policy, our review is not negatively nor positively inclined towards any particular administration. During the presidential campaign trail, then Candidate Trump stated that he’d renegotiate trade deals to stop other […]
Avoiding Risk Is The Greatest Risk

Avoiding Risk Is The Greatest Risk

When politicians and business people talk about how great the economy is doing and how the stock market is booming, for most Americans, this means nothing. Since you’re not benefiting, you assume they must be lying. ‘If there’s so much wealth growth in America, how come I’m not getting any wealthier?’ Here is Why If you never buy […]
Dermira Stock Is Tanking: Here Is Why

Dermira Stock Is Tanking: Here Is Why

Dermira stock (DERM) is tanking today. Prior to today, Dermira stock had been performing rather well as it awaited data releases. Like many biotech stocks a binary endpoint was coming for Dermira stock. Today, Dermira stock is cratering because it just reported Phase 3 trial data that was statistically insignificant for one of its leading […]
Is The Canadian Dollar A Buy Soon Against The Mexican Peso?

Is The Canadian Dollar A Buy Soon Against The Mexican Peso?

This Great Graphic composed on Bloomberg shows the Canadian dollar against the Mexican peso since the start of last year. There have been three big moves. The Canadian dollar trended lower against the peso as it corrected from the sharp sell-off induced in great measure to the candidate Trump’s rhetoric against Mexico. However, shortly before the inauguration, the […]
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                        Stocks And ETFs In Strong Uptrends Now In A Weak Market

EC Stocks And ETFs In Strong Uptrends Now In A Weak Market

Small number of strongly up trending stocks shows weak overall market. Less than 1% of ETFs are in strong up trends. Less than 2% of S&P 1500 stocks are in strong up trends. Few of the strongly up trending stocks and ETFs carry attractive analyst 12-month price estimates. Most of the strongly up trending stocks […]
China Going Boom

China Going Boom

For a very long time, they tried it “our” way. It isn’t working out so well for them any longer, so in one sense you can’t blame them for seeking answers elsewhere. It was a good run while it lasted. The big problem is that what “it” was wasn’t ever our way. Not really. The […]
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                        In The U.S. Non Farm Productivity Growth Sped Up Last Year, And Unit Labor Costs Declined

E In The U.S. Non Farm Productivity Growth Sped Up Last Year, And Unit Labor Costs Declined

For the public, it might seem that economists overemphasize the importance of business productivity improvements as an explanation for the well being of the economy. Nonetheless, a country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker. At the firm level, productivity is […]
The 2008 Financial Crisis And The Next One Have A Common Root

The 2008 Financial Crisis And The Next One Have A Common Root

iStock.com/EtiAmmos Capitalism Has Worked, but It’s Now Leading Us to Financial Collapse Capitalism has proven to be the system that can claim to have created the most prosperity. But it has also created, or at least has encouraged, considerable injustice. The widespread prosperity is now eroding while injustice is increasing. Meanwhile, stock exchanges are teetering, […]