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Market Talk – Wednesday, Nov. 21

Market Talk – Wednesday, Nov. 21

Nov 21, 2018 Finance 0

Following the worrisome US decline seen yesterday, Asia was initially spooked. However, within the first couple of hours trading prices had bounced to reach unchanged and spent the balance of the day trading with a positive bias. Talk that the US and China are making slow progress behind the scenes is encouraging, but it really […]
The Week Ahead – Five Events That Could Shape Global Markets

The Week Ahead – Five Events That Could Shape Global Markets

Nov 21, 2018 Finance 0

The Asia-Pacific, European and U.S. calendars will be filled with long lists of potentially market moving economic data, as well as several corporate events, providing investors with little respite as the month of November comes to a close. The following items are only a fraction of what’s in store, amid a recent uptick in volatility […]
Corporate Share Buybacks Looking Dumber By The Day

Corporate Share Buybacks Looking Dumber By The Day

Nov 21, 2018 Finance, No picture 0

A recent MarketWatch article notes that: GE was one of Wall Street’s major share buyback operators between 2015 and 2017; it repurchased $40 billion of shares at prices between $20 and $32. The share price is now $8.60, so the company has liquidated between $23 billion and $29 billion of its shareholders’ money on this utterly futile […]
Stocks And Precious Metals Charts – Repentance, Forgiveness, And Gratefulness

Stocks And Precious Metals Charts – Repentance, Forgiveness, And Gratefulness

Nov 21, 2018 Finance 0

Stocks managed to squeeze out a little dead cat bounce today and even held on to some of the gain into the close. Gold and silver were up slightly and the Dollar chopped sideways. Tomorrow US markets will be closed for the Thanksgiving holiday. There will be a light day of trading on Friday, aka […]
Durable Goods Orders Drop 4.4% In October, Huge Negative Adjustment In September

Durable Goods Orders Drop 4.4% In October, Huge Negative Adjustment In September

Nov 21, 2018 Finance, No picture 0

Durable goods new orders fell 4.4% in October. The Census Department revised September from +0.8% to -0.1%. The Census Department Advance Durable Goods Report for October shows unexpected weakness on top of a huge negative revision. New Orders New orders for manufactured durable goods in October decreased $11.5 billion or 4.4 percent to $248.5 billion, the U.S. […]
3 Funds To Benefit From A Rebound In Housing Starts

3 Funds To Benefit From A Rebound In Housing Starts

Nov 21, 2018 Finance, No picture 0

Homebuilding in the United States sprung back to life in October on an upswing in multi-family housing starts. A series of dismal economic reports about America’s housing industry has been recently released. This has led to speculation that the economy is headed for yet another housing bubble. Having said that, the U.S. housing market is […]
Industrial Production Was Up 4%: No Sign Of A Recession?

Industrial Production Was Up 4%: No Sign Of A Recession?

Nov 21, 2018 Finance 0

Industrial Production & Manufacturing – 10 Year Highs Month over month industrial production growth was 0.1% in October. It missed estimates for 0.2% growth. September’s growth rate was revised from 0.3% to 0.2%. It’s not a great sign to see month over month growth miss estimates when the prior month was revised lower. The good news, […]
Aquestive Under Pressure After Generic Suboxone Patent Decision

Aquestive Under Pressure After Generic Suboxone Patent Decision

Nov 21, 2018 Finance 0

Shares of Aquestive Therapeutics (AQST) are sliding after Dr. Reddy’s Laboratories (RDY) announced that the U.S. Court of Appeals for the Federal Circuit issued a decision in favor of the latter, vacating the District Court’s preliminary injunction that had prohibited Dr. Reddy’s from selling its generic version of Indivior’s Suboxone. While noting that the Aquestive […]
Consumer Comfort Slowing But Still Very Strong

Consumer Comfort Slowing But Still Very Strong

Nov 21, 2018 Finance 0

Bloomberg’s weekly consumer comfort data released this morning at 61.3. Consumer comfort is still very close to cycle highs (61.6), but over the past couple of months—during the time markets have been selling off—it hasn’t not been steadily moving higher as it did for most of the year, instead staying within a range of 59 to […]
October 2018 Headline Existing Home Sales Improve?

October 2018 Headline Existing Home Sales Improve?

Nov 21, 2018 Finance 0

The headline existing home sales improved with the authors saying “Despite this much-welcomed month over month gain, sales are still down from a year ago, a large reason for which is affordability challenges from higher interest rates”. Our analysis shows home sales three month rolling average is in contraction year-over-year. Analyst Opinion of Existing Home […]