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Archives by Year:
FOMC Minutes Signal ‘Hawkish’ Fed Ready To Hike Above Neutral
After Powell’s ‘reassuring’ hawkish speech, following the briefly dovishly-interpreted Fed statement, all eyes are back on the FOMC Minutes today to see just how assuredly The Fed will stick to its 25bps-per-quarter trajectory, come hell (stock crash) or high water (inflation). The labor market (judged by the unemployment rate) has rarely been lower and inflation is right […]
Wall Street Remains Firm Despite Volatility: 5 Growth Picks
On Oct 16, Wall Street rebounded from the rout it suffered in the last week. All three major stock indexes – the Dow, S&P 500 and Nasdaq Composite — closed significantly higher, marking their biggest single-day gain since Mar 26. This is a clear indication that the stock market meltdown in October was transitory in […]
Retail Sales Report – 5% Year Over Year Control Group
Retail Sales Report – Decent Retail Sales Growth The September retail sales report was controversial in that both the bulls and the bears used it to support their narratives. With stocks falling on Monday, the bears were gaining confidence and ready to declare another victory. I disagree with the bears. I think this was a […]
Hiring Pace Continues To Lag Job Openings Growth
If job openings are an indication of the economy’s strength, yesterday’s Job Openings and Labor Turnover (JOLTs) report is confirmation of economic strength. Job openings reached another record high of 7.136 million. Compared to last August’s openings of 6.044 million, openings are up 18.1% on a year over year basis. The timing of the unemployment data […]
UK Inflation Continues To Cool
As we discussed in our Morning Lineup, early this morning the UK’s Office for National Statistics released its September inflation data. Overall, the report was somewhat mixed with consumer measures missing while PPI rose. Headline and core HICP came in at 2.4% YoY and 1.9%, respectively. These are both below estimates and the prior period’s reading. The […]
Oppenheimer: 6 ‘Strong Buy’ Stocks For The Next 12 Months
Following last week’s heavy selling, the market moved sharply higher at the start of this week. “Earnings season is coming up. I think that’s going to be the catalyst for the equity markets to trade back up to new all-time highs,” commented Raymond James’ Jeffery Saut. He doesn’t see the recent ‘minicrash’ as implying that […]
Housing Continues To Weaken: Starts Decline 5.3%, Permits Down 0.6%
Starts, permits, and completions are down across the board as home buying continues to weaken. The Census Bureau New Residential Construction report for September shows housing continues to weaken. Housing Starts Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,201,000. This is 5.3 percent below the revised August estimate of 1,268,000 but […]
Visa Q4 Earnings Preview: What To Expect
Wall Street expects a year-over-year increase in earnings on higher revenues when Visa (V – Free Report) reports results for the quarter ended September 2018. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. […]
Closed-End Fund Discounts
It’s debatable whether the recent stock market slide created some bargains, but there’s another corner of financial markets where inefficiencies prevail more regularly – the closed-end fund universe. What’s a Closed-End Fund? Unlike mutual funds, which continually issue and redeem shares according to investor demand, closed-end funds take in money and issue a finite number […]
